Finland's patient engagement solutions market is projected to grow from $35.72 Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022-30. The main factors driving the growth would be the growing healthcare sector, advancements in technology, 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 Buddy Healthcare, Tietoevry, Oracle, IBM, and Siemens Healthineers.
The Finland patient engagement solutions market is projected to grow from $35.72 Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022-30. The national healthcare spending in Finland as a percentage of GDP in 2019 was 9.2% or $4,450 per person. Between 2013 and 2019, Finland's per-capita health spending climbed fairly gradually. In 2019, it was less than 10% of the EU average.
Finland is paving the way for a new paradigm of care interaction and delivery by embracing digitalization in healthcare. The Health Village, a joint project of university hospitals is a scalable, all-encompassing digital solution that has been in development for five years and offers healthcare providers significant cost savings and production efficiency. Finland's market for patient engagement solutions is expanding quickly and is dedicated to enhancing patient participation in their healthcare and treatment. The process of actively involving patients in their own care, such as controlling their health and treatment, is referred to as patient engagement.
Market Growth Drivers
The Finland patient engagement solutions market is expected to be driven by factors such as the growing healthcare sector, advancements in technology, and government support. The Finnish government has been supportive of measures to enhance patient engagement. For instance, the Ministry of Social Affairs and Health has published recommendations on patient involvement and engagement that stress the value of involving patients in healthcare decision-making. In order to encourage healthcare providers to embrace patient-centered care methods, the government has also developed policies.
Many healthcare providers could be discouraged from making the required commitment due to limited reimbursement and the high cost of designing and implementing patient engagement solutions. The market's expansion in the nation is being constrained by the high cost of patient engagement solutions.
March 2021: Buddy Healthcare, a health technology firm, has closed a $2.11 million fundraising round to enhance its automated care coordination platform BuddyCare. This latest round of finance is led by UTU Invest Oy and the Swedish investment firm Nidoco AB.
The Ministry of Social Affairs and Health, the National Institute for Health and Welfare (THL), and the Finnish Medicines Agency (Fimea) are a few of the bodies that regulate patient engagement in Finland. THL is in charge of promoting health and well-being and offering information and knowledge to support healthcare decision-making. The Ministry of Social Affairs and Health is in charge of overall health policy and the planning of healthcare services.
In Finland, the national health insurance program, which offers comprehensive coverage for medical services, is the main method by which the government finances healthcare services. Other private healthcare treatments that are not covered by public health insurance are also available for purchase by patients. Depending on the service offered and the patient's financial level, patients who receive healthcare services often have to provide a small fee or co-payment.
In Finland, there are currently no explicit reimbursement policies for patient engagement systems. However, under some circumstances, such as when they are offered as a part of a doctor's treatment plan, some digital health services, such as remote monitoring, and telemedicine, may be compensated.
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)
184.108.40.206 Product Applications and Services
220.127.116.11 Recent Developments
18.104.22.168 Partnerships Ecosystem
22.214.171.124 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
By component (Revenue, USD Billion):
By Delivery Mode (Revenue, USD Billion):
By Application (Revenue, USD Billion):
By Therapeutic area (Revenue, USD Billion):
By Functionality (Revenue, USD Billion):
By End-user (Revenue, USD Billion):
Insights10 will provide you with the reports within 10 key parameters which are:
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)
Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to oﬀer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.
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.
We value your inquiry and offer free customization with every report to fulfil your exact research needs.
This report addresses