Global Patient-Centered Medical Home Market

Report ID : 1438 | Published : 2022-11-09 | Pages: | Format: PDF/EXCEL

The Global Patient-Centered Medical Home Market in 2021 is valued at 14.38 billion and is predicted to reach 50.46 billion by the year 2030 at an 15.18% CAGR during the forecast period.

Patient-Centered medical homes provide a broad spectrum of services, from wellness to chronic and emergency care. The purpose of PCMH is to strengthen the relationship between patients and medical staff. By increasing care coordination, hospital health practitioners are designed to enhance access to care. The patient-Centered medical home market is predicted to grow during the forecast period due to rising government expenditure on industrialization and transportation. Patient-Centered medical homes are expanding because they are intended to increase the effectiveness of care according to the patient's preferences. The patient-Centered medical home market also seeks to foster a close bond between sufferers, the medical specialist, and the surgical team, which is anticipated to increase sales of patient-Centered medical homes throughout the forecast year. The slow use of patient-Centered medical homes in important emerging countries limits the expansion of the patient-Centered medical home industry. All healthcare system components, including home health care, hospitals, community services, and speciality care, are coordinated by patient-Centered medical homes. These variables will directly increase the market share for patient-Centered medical homes during the anticipated term. Growing patient-Centered medical home service acceptance in these nations is one of the significant factors fueling the market's expansion. In addition, the growing awareness of these services around the globe will boost market expansion in the years to come.

Market Segmentation:

The patient-Centered medical home market is segmented based on type and end users. Based on type, the market is segmented as health detection and care service. By end users, the market is segmented into nursing homes, home care settings, and others.

Based on end users, the nursing home segment is a major contributor to the patient-Centered medical home market.

The nursing home category is expected to hold a major share of the global patient-Centered medical home market. Due to an ageing population, the nursing homes segment is driving market expansion. Various factors and features influence demand in nursing homes and the long-term care industry. Individuals' perceptions of what options are valued have been significantly influenced by their health and functioning. In recent years, those looking for counselling services and mental health have given nursing homes a lot of attention.

The care services segment witnessed growth at a rapid rate.

The care services segment is projected to proliferate in the global patient-Centered medical home market. Increasing comorbid illnesses and the deteriorating immune systems of the aged population are other factors driving the demand for care services. Because of recent technological breakthroughs, the market for care services will grow over the coming years. Home care services give clients nearly any type of assistance they need at home, assisting them in leading better lifestyles. These services allow elderly or geriatric persons to remain in their comfortable homes and prevent the trauma that a nursing home might bring, especially in countries such as the US, Germany, the UK, China, and India.

The North American patient-Centered medical home market holds a significant regional revenue share.

The North American patient-Centered medical home market is expected to register the highest market share in revenue soon. The global market's high share of North America can be attributed to several factors, including the rising occurrences of chronic diseases, increased healthcare spending, high disposable income, the growing global geriatric population, and superior healthcare infrastructure. The major firms are using various techniques to keep and strengthen their market positions to increase revenue through their tactics. This is anticipated to drive the patient-Centered medical home market forward.

The Asia Pacific region holds a sizable portion of the global market. Due to its rapid growth and rising use of patient-Centered medical homes. The rising awareness, fast advancing healthcare system, and billions invested made in the region by some key companies in nations like China and India.

 

Competitive Landscape

The primary key players in the Patient-Centered Medical Home market are Aetna, AmeriHealth, Lynn Community Health Center, CHAS Health, Cigna, Siemens Healthcare GmbH, NextGen Healthcare, Athena Healthcare, Next Step Solutions, and Genpact Limited.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Patient-Centered Medical Home Market Snapshot

Chapter 4. Global Patient-Centered Medical Home Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis

5.1. by Product Type & Market Share, 2019 & 2030

5.2. Market Size (Value (US$ Mn) & Volume (no. of units) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Product Type:

5.2.1. Health Detection

5.2.2. Care Service

Chapter 6. Market Segmentation 2: by End-users Estimates & Trend Analysis

6.1. by End-users & Market Share, 2019 & 2030

6.2. Market Size (Value (US$ Mn) & Volume (no. of units) & Forecasts and Trend Analyses, 2019 to 2030 for the following by End-users:

6.2.1. Nursing Home

6.2.2. Home Care Settings

6.2.3. Others

Chapter 7. Patient-Centered Medical Home Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Patient-Centered Medical Home Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2030

7.1.2. North America Patient-Centered Medical Home Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2019-2030

7.1.3. North America Patient-Centered Medical Home Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2030

7.2. Europe

7.2.1. Europe Patient-Centered Medical Home Market revenue (US$ Million) by Product Type, 2019-2030

7.2.2. Europe Patient-Centered Medical Home Market revenue (US$ Million) by End-users, 2019-2030

7.2.3. Europe Patient-Centered Medical Home Market revenue (US$ Million) by country, 2019-2030

7.3. Asia Pacific

7.3.1. Asia Pacific Patient-Centered Medical Home Market revenue (US$ Million) by Product Type, 2019-2030

7.3.2. Asia Pacific Patient-Centered Medical Home Market revenue (US$ Million) by End-users, 2019-2030

7.3.3. Asia Pacific Patient-Centered Medical Home Market revenue (US$ Million) by country, 2019-2030

7.4. Latin America

7.4.1. Latin America Patient-Centered Medical Home Market revenue (US$ Million) by Product Type, 2019-2030

7.4.2. Latin America Patient-Centered Medical Home Market revenue (US$ Million) by End-users, 2019-2030

7.4.3. Latin America Patient-Centered Medical Home Market revenue (US$ Million) by country, 2019-2030

7.5. Middle East & Africa

7.5.1. Middle East & Africa Patient-Centered Medical Home Market revenue (US$ Million) by Product Type, 2019-2030

7.5.2. Middle East & Africa Patient-Centered Medical Home Market revenue (US$ Million) by End-users, 2019-2030

7.5.3. Middle East & Africa Patient-Centered Medical Home Market revenue (US$ Million) by country, 2019-2030

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles

8.2.1. Aetna

8.2.2. AmeriHealth

8.2.3. Lynn Community Health Center

8.2.4. CHAS Health, Cigna

8.2.5. Siemens Healthcare GmbH

8.2.6. NextGen Healthcare

8.2.7. Athena Healthcare

8.2.8. Next Step Solutions

8.2.9. Genpact Limited

8.2.10. Other Prominent Players

Segmentation of Patient Centered Medical Home Market-

By Type:

  • Health Detection
  • Care Service

By End User:

  • Nursing Home
  • Home Care Settings
  • Others

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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