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. Report Description of the Finland Patient Engagement Solutions Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. Finland Patient Engagement Solutions Market Executive Summary
2.1 Finland Patient Engagement Solutions Market – Industry Snapshot & key buying criteria, 2021-2030
2.2 Market Size, Growth Prospects, and Key Findings
3. Market Dynamics of Finland Patient Engagement Solutions Market
3.1 Market Growth Drivers Analysis
3.2 Market Restrains Analysis
4. Finland Patient Engagement Solutions Market Segmentation
4.1 By Component
4.1.3 Standalone Software
4.1.4 Integrated Software
4.2 By Delivery Mode
4.2.1 PREMISE Mode
4.2.2 CLOUD-BASED Mode
4.3 By Application
4.3.1 Health Management
4.3.2 Home health management
4.3.4 Financial health management
4.4 By Therapeutic Area
4.4.1 Chronic Diseases
4.4.2 Cardiovascular Diseases (CVD)
4.4.5 Other Chronic Diseases
4.4.6 Women's Health
4.4.8 Other Therapeutic Areas
4.5 By Functionality
4.5.2 Virtual Consultation
4.5.3 Patient/Client Scheduling
4.5.4 Document Management
4.6 By End-user
4.6.3 Other End users
5. Finland Patient Engagement Solutions Market Share
5.1 Market Analysis, Insights, and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
7. Key Company Profiles
7.1 Company 1
7.1.2 Financial Performance
7.1.3 Product & Services
7.1.4 Strategic initiatives
7.2 Company 2
7.2.2 Financial Performance
7.2.3 Product & Services
7.2.4 Strategic initiatives
7.3 Company 3
7.3.2 Financial Performance
7.3.3 Product & Services
7.3.4 Strategic initiatives
7.4 Company 4
7.4.2 Financial Performance
7.4.3 Product & Services
7.4.4 Strategic initiatives
7.5 Company 5
7.5.2 Financial Performance
7.5.3 Product & Services
7.5.4 Strategic initiatives
8. Healthcare Policies and Regulatory Landscape
8.1 Healthcare Policies in Finland
8.2 Regulatory Framework in Finland
8.3 Pricing & Reimbursement Scenario in Finland Patient Engagement Solutions Market
9. Factors Driving Future Growth
9.1 New Trends and Development Finland Patient Engagement Solutions Market
9.2 Future Opportunities
10. Strategic Recommendations
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):
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