The healthcare industry is transitioning from fee-for-service models to value-based care, which prioritizes patient outcomes and cost-efficiency. This shift is driven by rising healthcare costs and a growing emphasis on high-quality care. To manage these rising costs and maintain quality, medical device manufacturers are collaborating with offshore companies to improve application development and R&D. Increasing health consciousness is also driving demand for advanced technologies that improve health outcomes.
This transformation promotes a transparent business model, prompting distributors and providers to establish robust frameworks for regulatory compliance and efficient outreach. Value-based care aims to reward healthcare providers for better patient outcomes rather than the volume of services they offer. This approach emphasizes patient welfare, preventive measures, and patient engagement. Experts project that over 75% of healthcare payments will be tied to value-based arrangements by 2025, promoting sustainable and efficient care models.
Some of the key trends influencing the growth of the healthcare industry include AI and wearable technology.
Do you want to know what the other trends are? Download our whitepaper for exclusive insights!
