China Patient Engagement Solutions Market Analysis

China Patient Engagement Solutions Market Analysis


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China's patient engagement solutions market is projected to grow from $1.37 Bn in 2022 to $3.82 Bn by 2030, registering a CAGR of 13.7% during the forecast period of 2022-30. The main factors driving the growth would be the aging population, chronic disease management, increasing healthcare spending, and government support. The market is segmented by component, delivery mode, application, therapeutic area, functionality, and end-user. Some major players include JD Health, Vecoton, Ping An Good Doctor, Oracle, and Lincor.

ID: IN10CNHS015 CATEGORY: Healthcare Services GEOGRAPHY: China AUTHOR: Neha Davda

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China Patient Engagement Solutions Market Executive Summary

China's patient engagement solutions market is projected to grow from $1.37 Bn in 2022 to $3.82 Bn by 2030, registering a CAGR of 13.7% during the forecast period of 2022-30. From 5.17% of GDP in 2018 to 5.35% of GDP in 2019, China's health spending increased. The cost of healthcare as a proportion of GDP is still lower in underdeveloped nations, where it typically hovers around 10%.

Patient engagement solutions focused on clinicians and patients collaborating for better health. Improved health outcomes are a result of a patient's higher level of involvement in their care. China's market for patient engagement products is extremely competitive, with both domestic and foreign firms seeking for market share. The industry is expected to increase over the coming years as healthcare providers and governments look to enhance patient outcomes and experiences by implementing cutting-edge technology and methods.

China Patient Engagement Solutions Market

Market Dynamics

Market Growth Drivers

The China patient engagement solutions market is expected to be driven by factors such as the ageing population, chronic disease management, increasing healthcare spending and government support. The Chinese government has made healthcare a top priority for growth and has put up a number of measures to encourage the use of patient interaction tools. For instance, the Healthy China 2030 project aims to enhance population health and support the growth of the healthcare sector. In order to promote the creation of patient engagement solutions as well as other digital health solutions, the government has also developed policies.

Market Restraints

In China, patient involvement strategies entail gathering and sharing private health data. Given recent data breaches in the nation, this may cause individuals and healthcare professionals to express privacy and security concerns. Additionally, there are currently few chances for patient engagement solutions to be reimbursed in China, which might make it difficult for providers of these solutions to make money and restrict the adoption of these solutions.

Competitive Landscape

Key Players

  • JD Health (CHN)
  • Vecoton (CHN)
  • Ping An Good Doctor (CHN)
  • Oracle
  • Lincor

Notable News

October 2021: The leading medical and healthcare service platform in China, Ping An Good Doctor, has announced Strategic 2.0 Continuum, a new strategic plan that will see the company better connect with internal and external stakeholders and launch Family Doctor Membership

Healthcare Policies and Regulatory Landscape

The National Health Commission (NHC) is one of the principal authorities in charge of regulating the Chinese healthcare sector. The NHC is in charge of establishing regulations for public health, medical research, and healthcare services. To encourage the creation and implementation of patient engagement solutions, the Chinese government has launched a number of programs and policies. A national health information system that makes it easier to gather, share, and analyse health data is one goal of the Healthy China 2030 effort, for instance. It is anticipated that this program would accelerate the creation and uptake of patient engagement solutions in China.

The Chinese government changed the rules governing telemedicine in 2018, enabling doctors to offer online medical consultations and diagnoses. The use of telemedicine and other digital health solutions, such as patient engagement tools, is anticipated to rise as a result of these rules.

Reimbursement Scenario

In China, reimbursement laws for patient engagement solutions are still being developed, and the existing situation is complex. Generally speaking, patient engagement solutions are not directly reimbursed by China's state healthcare insurance schemes. Certain patient engagement solutions might, however, be covered by some private insurance policies.

In order to encourage the adoption of telemedicine and other digital health technologies, including patient engagement solutions, the Chinese government has launched a number of programs. For instance, the Chinese government implemented a policy in 2020 to cover the expenses of telemedicine services in some situations, such as for patients with chronic conditions or those living in rural or remote areas.

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

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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)

  • Establishing market drivers and trends
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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 04 October 2023
Updated by: Shivam Zalke

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