Market Overview of the Global Patient-Centered Care Market
The global Patient-centered Care market is anticipated to increase at a 15.6% CAGR to reach value US$ 50,277.9 million in 2030.
Some of the key factors propelling the Patient-centered care market are coordination & integration of care, physical comfort, access to care as well as continuity & transition. Moreover, there is a seismic shift in thinking process empowering patients to take an active part in their care plan across the globe.
Patient-centered care has been an idea of rising interests in medicine since past few decades and has also been regarded as an archetype for high-quality personal care. Also, the Institute of Medicine offered an action plan for enlightening people’s health all across the globe that involved some key components, including “patient-centeredness,” somewhere in 2001. Moreover, patient-centeredness approach mostly comprises of physicians diagnosis over the discussion held with patient’s as well as an individual’s perspective in addition to the concerns, ideas & expectations about the disease. Besides while discussing with patients about the diseases, physician also inquire about their family, social network, job profile and interests in order to reach at the root cause of disease and suggest them with an appropriate management plan.
According to a research conducted by a renowned institute UC Davis Health System, physicians who are involved in personalized consultations with patients, inspiring them for taking an active step towards their health care will help in reducing medical costs and need for various health-care services. This would enable gaining the confidence of patients that together with the help of a physician could reach correct diagnosis and strategy towards it. As said by a family practicing physician Klea Bertakis plus a study co-author Rahman Azari, a UC Davis professor of statistics “Patient- centered care can enable the reduction of unnecessary and cost-effective tests conducted by the specialists, bolstering the growth of the global patient-centered care industry.
Key company profile in the Global Patient-centered Care Market report Aetna, AmeriHealth, Lynn Community Health Center, CHAS Health, Cigna, Siemens Healthcare GmbH, NextGen Healthcare, Athena Healthcare, NextStep Solutions, and Genpact Limited.
As analyzed by Bertakis, principal investigator of the study as well as professor and chair person of the UC Davis Department of Family & Community Medicine, “Patient-centered care has already been recognized by the Institute of Medicines as one of the strategic activities supporting our nation’s health,” His study further states that involving patients in more than one treatment at a time is not ethical as well as involves a lot of cost.
Significances of Patient-Centered Care Market
The principal goal as well as benefit of patient-centered care market is to make certain advancements in the direction of an individual’s as well as populations health outcomes. Moreover, this not only benefit the patients, but also providers & health care industries get benefitted.
Listing some of the benefits of Patient-Centered Care Market
- Enhanced satisfaction scores among the patients as well as their families.
- Improved reputation of the service providers among health care consumers across the globe.
- Healthier productivity as well as confidence among clinicians & ancillary staff.
- Better-quality resource allocation.
- Lesser expenses with increased financial margins all through the continuum of patient-centered Care.
Patient-centered Care Market Scope
Metrics | Details |
Base Year | 2023 |
Historic Data | 2018-2022 |
Forecast Period | 2024-2030 |
Study Period | 2018-2030 |
Forecast Unit | Value (USD) |
Revenue forecast in 2030 | US$ 50,277.9 million |
Growth Rate | CAGR of 15.6 % during 2020-2030 |
Segment Covered | By Type, By End User, by Application, Region. |
Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
Key Players Profiled | Aetna, AmeriHealth, Lynn Community Health Center, CHAS Health, Cigna, Siemens Healthcare GmbH, NextGen Healthcare, Athena Healthcare, NextStep Solutions, and Genpact Limited. |
Key segments of the Patient-centered Care Market
by Type (USD million)
- Health Detection
- Care Service
By End User (USD million)
- Nursing Home
- Home Care Settings
- Others
by Application (USD million)
- Education
- Therapeutic
- Prevention
- Others
Region Overview (USD Million)
- North America
- United States of America
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- the Netherlands
- Poland
- Russia
- The United Kingdom
- Rest of Europe
- Asia-Pacific
- China
- India
- Indonesia
- South Korea
- Rest of Asia-Pacific