Kuwait Patient Engagement Solutions Market Analysis

Kuwait Patient Engagement Solutions Market Analysis


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Kuwait's patient engagement solutions market is projected to grow from $68.04 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 increasing prevalence of chronic diseases, rising investments in the healthcare sector, and government support. The market is segmented by component, delivery mode, application, therapeutic area, functionality, and end-user. Some major players include Afya Arabia, Siemens Healthineers, Oracle, and IBM.

ID: IN10KWHS015 CATEGORY: Healthcare Services GEOGRAPHY: Kuwait AUTHOR: Neha Davda

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Kuwait Patient Engagement Solutions Market Executive Summary

Kuwait's patient engagement solutions market is projected to grow from $68.04 Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022-30. Kuwait had an increase in its national healthcare spending as a proportion of its GDP from 5.1% or $1734 per capita in 2018 to 5.5% or $1,759 per capita in 2019. Kuwait's healthcare system is undergoing some changes. Expanding public-private partnerships and giving the private sector a stronger role in the provision of healthcare services is one of the reforms.

The patient engagement solutions market in Kuwait is a developing industry that aims to enhance patient outcomes and experiences by enhancing patient involvement in their healthcare experience. Solutions for patient engagement promote patient participation in health management, open communication with healthcare professionals, and the ability to make well-informed decisions about their care. Mobile health apps, patient portals, remote patient monitoring systems, and telemedicine services are a few of the industry's most important solutions in Kuwait. Market companies from both domestic and foreign countries are fighting for market share.

Kuwait Patient Engagement Solutions Market

Market Dynamics

Market Growth Drivers

The Kuwait patient engagement solutions market is expected to be driven by factors such as the increasing prevalence of chronic diseases, rising investments in the healthcare sector and government support. The investment in healthcare infrastructure and technology opens doors for the adoption and implementation of patient engagement solutions that can assist healthcare professionals and patients in more efficiently managing chronic diseases, enhancing medication adherence, and promoting healthy lifestyles.

Market Restraints

The relatively modest size of Kuwait's healthcare market is one of the obstacles to the patient engagement solutions market there. Kuwait's healthcare market is smaller than that of other nations in the area, such as Saudi Arabia and the UAE, with a population of just over 4 Mn. Compared to larger markets, Kuwait may not offer healthcare providers and solution suppliers as much motivation to invest in patient engagement-specific solutions.

Competitive Landscape

Key Players

  • Afya Arabia (KWT)
  • Siemens Healthineers
  • Oracle
  • IBM

Healthcare Policies and Regulatory Landscape

The Kuwaiti Ministry of Health is in charge of regulating healthcare providers and guaranteeing the standard of healthcare services in terms of regulatory control. The Ministry has created legislation and norms for patient engagement, including standards for telemedicine and electronic medical records.  Professional groups in Kuwait, in addition to governmental rules, also have an impact on how the patient engagement market is shaped. For instance, the Kuwait Medical Association is a professional association for doctors that promotes the interests of the medical community and offers advice on medical ethics and procedures.

Reimbursement Scenario

There is presently no standardised mechanism for reimbursing healthcare providers for patient engagement services in Kuwait, and the reimbursement policies for the patient engagement industry are still under development. To encourage the use of patient interaction technology and services and to create reimbursement guidelines that facilitate their adoption, certain initiatives are now in progress.

The Kuwait Ministry of Health's e-health program, which aims to promote the use of digital health technology to improve the quality of healthcare services in the nation, is one project that is supporting the use of patient engagement technologies in Kuwait. The Ministry is looking into methods to use financial assistance and other incentives to encourage healthcare providers to embrace patient engagement solutions as part of this 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”.

 

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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.

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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.

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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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The Kuwait patient engagement solutions market is projected to grow from $68.04 Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030.

The Kuwait 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 Kuwait's patient engagement solutions market are Afya Arabia, Siemens Healthineers, Oracle and IBM.


This report addresses

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  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
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Last updated on: 09 October 2023
Updated by: Riya Doshi

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