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 | Aetna, AmeriHealth, Lynn Community Health Center

The market increment for patient-centered medical homes was mainly owing to a increase in ageing population globally, linked with a rise in chronic disorders. The ADA evaluated that 1.5 million new diabetic patients were examined in the U.S. in the year 2020. Resulting, key players are partnering to make patient-centered, related to hospital.

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Impact of Coronavirus

The COVID-19 outbreak has impacted several organizations across the globe. The companies involved in the global patient-centered medical home market are experiencing main problems on several fronts owing to the COVID-19 epidemic. COVID-19 impacts the economy in three main methods; by straight impacting manufacture and requirement, by making interruptions in supply channels, and from its financial effect on firms and financial markets. The producers around Asia Pacific, North America, Europe, Latin America and MEA were experiencing difficulties owing to changing choices of the users and need fluctuation. Anyhow, the global patient centered medical home market is predicted to slowly recover post-COVID-19, which would depict attractive chances for sales around many regions of the globe in the predicted duration.

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Major players involved in market are aiming on digitalizing patient’s clinical records which is anticipated to fuel growth of the global patient-centered medical home market during the predicted duration.  For example, in December 2020, F. Hoffmann-La Roche AG introduced a digital platform to customize mellitus management. Roche Diabetes Care’s digital platform collects and retains all patient-related health data though enabling patients and healthcare suppliers to interact more easily. Additionally, events like these assist with cost analysis, surgeries, and other same tasks.

Global patient-centered medical home market: Key Takeaways

• Global patient-centered medical home market is anticipated to show a CAGR of 15.6% over the predicted timeline, due to the rising geriatric population and new product introductions. For example, as per a survey from LongTermCare.gov in 2019, elders around 65 years of age have a around 70% health problems and are in requirement for enduring care.
• Among End User, Nursing homes segment fuels the market growth, due to the rising count of elder population. Above 80% of people need support with around three activities of regular living such as clothing or bathing, as per a 2019 report surveyed in Healthin. 90% of people who are capable to walk need support or supervision. In 2019, there have been 1,246,079 nursing home inhabitants in the U.S., as per the KFF.
• Key players involved in the global patient-centered medical home market are Siemens Healthcare GmbH, Athena Healthcare, NextGen Healthcare, Aetna, CHAS Health, AmeriHealth, Lynn Community Health Center, Cigna, NextStep Solutions, and Genpact Limited

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