APAC Patient Engagement Solutions Market Analysis

APAC Patient Engagement Solutions Market Analysis


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The APAC patient engagement solutions market is projected to grow from $13.47 Bn in 2022 to $9.82 Bn by 2030, registering a CAGR of 13.47% during the forecast period of 2022 - 2030. The main factors driving the growth would be the growing prevalence of chronic disorders, the ageing population, the increasing use of mobile health solutions and government support. The market is segmented by component, delivery mode, application, therapeutic area, functionality and by end-user. Some of the major players include JD Health, Allscripts, Cerner, Lincor, McKesson and Wolters Kluwer.

ID: IN10APHS015 CATEGORY: Healthcare Services GEOGRAPHY: Asia - Pacific AUTHOR: Neha Davda

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APAC Patient Engagement Solutions Market Executive Summary

The APAC patient engagement solutions market is projected to grow from $13.47 Bn in 2022 to $9.82 Bn by 2030, registering a CAGR of 13.47% during the forecast period of 2022 - 2030. According to the WHO, the Western Pacific Region, which includes many Asia-Pacific countries, had total health spending as a proportion of GDP of 7.2% in 2017. Nonetheless, within the region, this percentage would vary dramatically from one country to the next.

Patient engagement is a process that encourages individuals to actively participate in decisions regarding their health and medical treatment by providing them with the necessary knowledge, tools, and support.

APAC's patient engagement solutions industry is rapidly expanding. Using a variety of tools and services, the Chinese government has started educating and raising awareness of patients about rare diseases. One of the most valuable markets in the world is thought to be the Japanese patient engagement solutions market. To address public health issues brought on by the COVID-19 virus, the Japanese Ministry of Economy has developed a free remote healthcare service with doctors.

APAC-patient-engagement-solutions-market

Market Dynamics

Market Growth Drivers

The growing prevalence of chronic diseases and the ageing population in APAC are driving factors in the market for patient engagement solutions. The demand for the market is increased by the growing use of mobile health solutions via various apps and software. The National Health Commission has taken steps to adopt patient-comfortable treatment at home as a result of COVID-19. Also, the healthcare sector has begun to create new, cutting-edge software and services, which is fueling the market's expansion.

Market Restraints

The development of the APAC patient engagement solutions market is being hampered by a shortage of qualified analysts, a lack of knowledge among rural residents, and heavy concerns about patient health data and health information. The market's expansion is also constrained by the need to protect patient information and the lack of health literacy in underdeveloped nations.

Competitive Landscape

Key Players

  • JD Health
  • Allscripts
  • Cerner
  • Lincor
  • Mckesson
  • Wolters Kluwer

Notable Deals

August 2021: A strategic partnership between Mckesson and Merck was announced, allowing the two healthcare giants to better patient outcomes and the standard of cancer care by leveraging the strength of real-world evidence.

Healthcare Policies and Regulatory Landscape

The patient engagement market's healthcare policies and regulatory environment in the APAC region vary greatly, with each nation having its own distinct healthcare system and regulatory environment. Many nations in the region have established organisations to control healthcare providers and guarantee the standard of healthcare services. For instance, the National Health Commission in China is in charge of overseeing healthcare professionals and assuring the security and effectiveness of pharmaceuticals and medical equipment. The Therapeutic Goods Administration in Australia is in charge of overseeing the security and quality of therapeutic goods, including drugs and medical equipment.

Reimbursement Scenario

The reimbursement policies for the APAC patient engagement solutions market differ by nation and healthcare system. There are established reimbursement regulations for telemedicine and remote patient monitoring services in several nations, like Australia and Japan, which can be utilised to encourage patient engagement. For instance, the Medicare Benefits Schedule, which offers financial help for qualified medical services, covers telemedicine services in Australia. Remote medical services in Japan are covered by the country's national health insurance program.

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Patient Engagement Solutions Market Segmentation

By component (Revenue, USD Billion):

  • Hardware
  • Software
  • Standalone Software
  • Integrated Software
  • Services

By Delivery Mode (Revenue, USD Billion):

  • PREMISE Mode
  • CLOUD-BASED Mode

By Application (Revenue, USD Billion):

  • Health Management
  • Home Health Management
  • Social
  • Financial Health Management

By Therapeutic area (Revenue, USD Billion):

  • Chronic Diseases
  • Cardiovascular Diseases (CVD)
  • Diabetes
  • Obesity
  • Other chronic Diseases
  • Women's Health
  • Fitness
  • Other Therapeutic Areas

By Functionality (Revenue, USD Billion):

  • E-Prescribing
  • Virtual Consultation
  • Patient/Client Scheduling
  • Document Management

By End-user (Revenue, USD Billion):

  • Providers
  • Payers
  • Patients
  • Other End users

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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The APAC patient engagement solutions market is projected to grow from $13.47 Bn in 2022 to $9.82 Bn by 2030, registering a CAGR of 13.47% during the forecast period of 2022 - 2030.

The APAC patient engagement solutions market is segmented by component (hardware, software, standalone software, integrated software and services), by delivery mode (premise mode and cloud-based mode), by application (health management, home health management, social health management and financial health management), by therapeutic area (chronic diseases, cardiovascular diseases, diabetes, obesity, women’s health, fitness and other therapeutic areas), by functionality (e-prescribing, virtual consultation, patient/client scheduling and document management) and by end-user (providers, payers, patients and end-user).

Some of the major players in the global patient engagement solutions market are JD Health, Allscripts, Cerner, Lincor, McKesson and Wolters Kluwer.


This report addresses

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  • Qualitative, acute and result oriented market analysis
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  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
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Last updated on: 02 March 2023
Updated by: Ritu Baliya

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