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  • Published On : Sep 2022
  • Code : CMI5253
  • Industry : Healthcare IT
  • Pages : 135
  • Formats :

The patient-centered medical home (PCMH) is a model of care in which patients have a direct relationship with a chosen healthcare provider who leads a collaborative team of healthcare professionals, assumes collective responsibility for the patient's comprehensive integrated care, and advocates for and coordinates appropriate care with other qualified providers and community resources as needed.

Global patient-centered medical home market is estimated to be valued at US$ 15,790.0 million in 2022 and is expected to reach US$ 50,277.9 million by 2030 to grow at a CAGR of 15.6% during the forecast period (2022 –2030)

Figure 1.Global Patient-Centered Medical Home Market Value (US$ Million) & Y-o-Y Growth (%), 2018-2030

Patient-Centered Medical Home  | Coherent Market Insights

Increasing government initiatives to spread awareness about patient-centered medical home services is expected to drive the market growth during the forecast period.

Medicaid demonstrations, new payment rules, and the development of accountable care organizations, all of which aid the deployment of patient-centered medical home services, are included in government programmes such as the 2010 Patient Protection and Affordable Care Act in U.S. The governments of various countries such as U.S. has a significant role to play in promoting and developing the market for patient-centered medical home services. As of April 2013, 43 states in the U.S. have policies promoting the patient-centered medical home services for Children's Health Insurance Program (CHIP) beneficiaries or Medicaid.

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Patient-Centered Medical Home Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2022: US$ 15,790.0 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 15.6% 2030 Value Projection: US$ 50,277.9 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Type: Health Detection, Care Service
  • By End User: Nursing Home, Home Care Settings, Others
Companies covered:

Aetna, AmeriHealth, Lynn Community Health Center, CHAS Health, Cigna, Siemens Healthcare GmbH, NextGen Healthcare, Athena Healthcare, NextStep Solutions, and Genpact Limited

Growth Drivers:
  • Rising demand for digital technologies
  • Rising chronic disease prevalence
  • Growing aging population worldwide
Restraints & Challenges:
  • Slow adoption of the medical home services in major emerging countries

Figure 2. Global Patient-Centered Medical Home Market Share (%), By Region, 2022

Patient-Centered Medical Home  | Coherent Market Insights

Patient-centered medical home Market – Regional Analysis:

North America is one of the dominant regions in market for patient centered medical home services. This dominance is due to the presence of a strong healthcare sector and an increasing willingness to employ the home services model by the majority of the population in this region. Asia Pacific is also one of the most important markets for patient-centered medical home services. The increased awareness and acceptance of patient-centered medical home services in this region is predicted to boost the market growth at the fastest rate. When compared to other regions, growth in the Middle East and Africa is significantly lower. However, developed countries would maintain their position in the patient-centered medical home market because of increasing awareness and rising adoption of home services.

Global Patient-centered medical home Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization declared it a public health emergency in January 2020. According to the Coronavirus Disease (COVID-19) Weekly Epidemiological Update by the World Health Organization, the number of COVID-19 cases reported in the U.S. as of August 9, 2022 are approximately 583,038,110 confirmed cases with around 6,416,023 deaths. The coronavirus or COVID-19 outbreak that started from Wuhan, China has spread across continents, affecting various industries globally. Ongoing coronavirus pandemic had a severe consequence on the daily life of individuals and the global economy. Healthcare systems all over the globe suffered from unprecedented burdens in providing optimal healthcare services.

Global Patient-centered medical home Market: Restraint

The slow adoption of medical home services in major emerging economies is limiting the patient-centered medical home market growth over the forecast period.

Key Players

Major players operating in the global patient-centered medical home market include Aetna, AmeriHealth, Lynn Community Health Center, CHAS Health, Cigna, Siemens Healthcare GmbH, NextGen Healthcare, Athena Healthcare, NextStep Solutions, and Genpact Limited.

The patient-centered medical home (PCMH) is a care model that aims to change the way adolescents, adults, and children get comprehensive primary care. It primarily aims to increase the efficiency and effectiveness of care delivery while also catering to the preferences and needs of each individual patient. Coordinated care, comprehensive treatment, accessible services, patient-centered care, quality, and services are the guiding concepts of patient-centered medical homes. Patient-centered medical homes offer a full range of services, from wellness to chronic and urgent care. The aim of PCMH is to foster a deep bond between patients and healthcare professionals. Patient-centered medical services are designed to improve access to care with increased care coordination.

Patient-centered medical home services co-ordinate medical care across all elements of the health care system home health care, hospitals, community services and specialty care. Trans disciplinary care teams are formed in PCMH practices to improve patient care coordination and management, with the goal of improving patient safety, efficiency, and quality of patient care. These practices can improve the care delivery and benefit from private or public incentive payments that encourage patient-centered medical homes by becoming registered PCMHs.

Market Dynamics

The outbreak of COVID-19 has prompted market players to develop new digital technologies for patient-centered medical home services, which is a major driving factor for the patient-centered medical home market growth. COVID-19 has prompted advancements in patient monitoring and cloud computing. For instance, GE Healthcare, a subsidiary of American multinational conglomerate General Electric incorporated, in April 2020, announced that it would provide a new cloud-based remote-monitoring service to assist clinicians in the care of COVID-19 patients who are ventilated.

Key features of the study:

  • This report provides in-depth analysis of the global patient-centered medical home market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
  • It profiles key players in the global patient-centered medical home market based on the following parameters – Company Highlights, types Portfolio, Key Highlights, Financial Performance, and Market Strategies.
  • Key companies covered as a part of this study include Aetna, AmeriHealth, Lynn Community Health Center, CHAS Health, Cigna, Siemens Healthcare GmbH, NextGen Healthcare, Athena Healthcare, NextStep Solutions, and Genpact Limited
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
  • The global patient-centered medical home market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global patient-centered medical home market

Detailed Segmentation:

  • Global patient-centered medical home market, By Type:
    • Health Detection
    • Care Service
  • Global patient-centered medical home market, By End User:
    • Nursing Home
    • Home Care Settings
    • Others
  • Global patient-centered medical home Market, By Region:   
    • North America
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Country
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Aetna
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • AmeriHealth
    • Lynn Community Health Center
    • CHAS Health
    • Cigna
    • Siemens Healthcare GmbH
    • NextGen Healthcare
    • Athena Healthcare
    • NextStep Solutions
    • Genpact Limited

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global patient-centered medical home market size is estimated to be valued at US$ 15,790.0 Mn in 2022 and is expected to exhibit a CAGR of 15.6% between 2022 and 2030.
Increasing efforts by government bodies to support the healthcare sector is one of the major factors driving the market growth.
Slow adoption of the medical home services in major emerging economies is the major factor restraining growth of the market.
Major players operating in the market include Aetna, AmeriHealth, Lynn Community Health Center, CHAS Health, Cigna, Siemens Healthcare GmbH, NextGen Healthcare, Athena Healthcare, NextStep Solutions, and Genpact Limited.

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