Belgium Patient Support Programs (PSP) Market Analysis

Belgium Patient Support Programs (PSP) Market Analysis


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Belgium's Patient Support Programs (PSP) market is expected to grow from $xx Bn in 2022 to $xx Bn in 2030 with a CAGR of xx% for the year 2022-2030 mainly due to the increasing demand for patient-centric care and individualized treatment option in Belgium. The Belgium Patient Support Programs (PSP) market is segmented by functionality outlook, therapeutic outlook, application outlook, and end user. Some of the major PSP operators in the Belgium Patient Support Programs (PSP) market are Novellas Healthcare, Ashfield Engage, and Remedus.

ID: IN10BEHS014 CATEGORY: Healthcare Services GEOGRAPHY: Belgium AUTHOR: Parul Choudhary

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Belgium Patient Support Programs (PSP) Market Executive Analysis

Belgium's Patient Support Programs (PSP) market size is at around $xx Bn in 2022 and is projected to reach $xx Bn in 2030, exhibiting a CAGR of xx% during the forecast period. With a health budget of 10.7% of GDP in 2019, Belgium ranks among the top ten EU nations in terms of health spending. Belgians have overall good health and a long life expectancy. This is partially attributable to the population's easy access to a wide range of high-quality health services.

A $34.33 Bn health budget for 2022 was authorized by the Belgian federal government. This is a rise of $1.50 Bn from the budget for 2021. The overall social security budget in Belgium includes a number of social welfare initiatives in addition to the health budget. With a total of $19.46 Bn set aside, hospitals receive the majority of the funding from the health budget. Pharmaceutical expenditure, which includes the price of medications and vaccines, is included in the health budget at $5.45 Bn. The health budget allocates $235.25 Mn for initiatives aimed at preventing disease and promoting health, with the goal of enhancing public health and lowering healthcare expenses. Overall, Belgium's health budget for 2022 reflects the country's commitment to delivering high-quality healthcare to its citizens as well as investing in programs and services that encourage better health outcomes and a more efficient healthcare system.

PSPs are created to offer treatment-focused help to patients who are given a medical product on prescription. PSPs are primarily created in Belgium by pharmaceutical firms with the assistance and knowledge of medical specialists. In Belgium, there are a number of disease-specific PSPs that are intended to offer assistance and resources to patients with particular medical conditions like cancer, diabetes, and cardiovascular disease. These initiatives might offer training, resources for self-management, and access to support networks. Telehealth programs, which link patients with healthcare providers and tools using digital technologies, are growing in popularity in Belgium. These programs might provide access to educational methods, remote monitoring, and virtual consultations.

Market Dynamics

Market Growth Drivers

In the Belgian healthcare system, there is a growing trend toward patient-centered care, which emphasizes delivering care that is tailored to the needs and preferences of individual patients. PSPs are a crucial component of this strategy because they offer patients individualized assistance and resources, which stimulates the Belgium PSP market growth.

Market Restraints

PSP delivery in Belgium is not currently standardized. This may make it challenging for people to get access to the programs they require and may reduce the programs’ efficacy. Despite evidence that PSPs can improve patient outcomes, Belgium's healthcare practitioners have only recently begun to use them. This may be caused by a number of things, such as a lack of funding or program implementation expertise. These factors are responsible for impeding the Belgium PSP market growth.

Major Patient Support Programs in Belgium

Patient Support Programs Focus Area Pharma Sponsor
FibriCoach Atrial Fibrillation Bristol Myers Squibb
Lysomed Lysosomal storage diseases Sanofi
Abbvie Care Program Chronic Inflammatory Diseases Abbvie
Rheumatoid Arthritis LIGA vzw Rheumatoid Arthritis Pfizer
Crohn & Colitis ulcerosa Vereniging vzw (Crohn's & Ulcerative Colitis Association vzw) Chronic Inflammatory Bowel Disease Pfizer
UCB Cares Treatment Guidance UCB
MyRealWorld MG Myasthenia Gravis Argenx
'Because there is more to do' Patient feedback forum Bristol Myers Squibb

Top PSP Operators in Belgium

  • Novellas Healthcare- Novellas Healthcare is an international partner of the life sciences industry specializing in staffing solutions and patient support programs
  • Ashfield Engage- Ashfield Engage provides next-generation patient engagement programs, built on behavioral science, patient-centric technology, and collaborations
  • Remedus- It offers a mobile health platform with all necessary criteria for home treatment, as well as customized care and follow-up at home, in order to provide prompt service and keep patients in charge of their recommended course of action
  • Marti Farm- Marti Farm rises up to the challenge of poor patient adherence and non-adherence, by giving the patients access and support they need while ensuring healthcare utilization
  • Mobius- Mobius provide Value-Based Healthcare, Patient Support Programs (PSP), PROMS, CROMS & PREMS, Resilient Supply Chains, etc. which helps organizations to get the added value of the latest concepts in the healthcare landscape

Healthcare Policies and Regulatory Landscape

In Belgium, PSPs are mainly developed by pharmaceutical companies and developed with the support and expertise of healthcare professionals. The Federal Agency for Medicines and Health Products (FAMHP) registered an increase in the use of Patient Support programs (PSPs) in Belgium. According to FAMHP, while setting up a PSP, there should be no direct contact between the pharma company and the patient, and the PSP should thus be implemented via the patients’ healthcare professional. The PSP should not constitute an inducement for healthcare professionals to recommend, prescribe, purchase, sell, supply, or administer medicinal products.

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 Support Programs Market Segmentation

By Functionality Outlook

  • Communication
  • Health Tracking & Insights
  • Billing & Payments
  • Administrative
  • Patient Education
  • Others

By Therapeutic Area Outlook

  • Health & Wellness
  • Chronic Disease Management
  • Others

By Application Outlook

  • Population Health Management
  • Outpatient Health Management
  • In-patient Health Management
  • Others

By End-user

  • Payers
  • Providers
  • Others

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”.

 

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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.

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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)

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Last updated on: 17 August 2023

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