Global Patient Flow Management Solutions Market Outlook 2030

" The global market size of patient participation solutions in 2020 is estimated to be 15.1 billion U.S. dollars, and it is expected to expand at a compound annual growth rate (CAGR) of 21.4% from 2021 to 2028. The adoption of patient-centric medical records and mobile health devices. According to a survey conducted by the NHS in 2019, approximately 92.0% of patients feel safe with self-administered treatment. Factors such as the increasing burden of chronic diseases and the increasing elderly population have prompted the global adoption of patient participation solutions. For example, according to the American Diabetes Association 2020, there are 1.5 million new cases of diabetes in the United States each year. In response to the increasing number of diabetic patients, the company is focusing on developing patient-centric participation solutions. 

 

For example, in December 2020, Roche launched a digital platform for personalized diabetes management in Thailand. In Thailand, there are 4.3 million diabetic patients, half of whom have been tested, while only one-third of those tested and treated have reached the treatment goal. Roche Diabetes Care’s digital platform collects and maintains all patient-related health data and facilitates communication between patients and their medical teams. In addition, such plans also help to assess costs, operational efficiency, and clinical results. 

 

The coronavirus pandemic has had an unprecedented impact on daily life and the global economy. It poses a major burden on health systems around the world. As healthcare providers struggle to cope with the continuing rise in several cases, patients seek the help of digital technology to support the adoption of products during the COVID-19 crisis. The COVID-19 outbreak has promoted innovations in patient monitoring and cloud computing. 

 

For example, in April 2020, GE Healthcare announced an innovative cloud-based remote monitoring tool designed to help clinicians care for COVID-19 patients undergoing ventilation. More and more smartphone users around the world have accelerated the adoption of mobile healthcare across the industry. From suppliers and consumers. Healthcare applications are on the rise and are easy to download on smartphones. 

 

These applications can be connected to portable devices to help users perform general health management, thereby improving the reliability of patients in mobile medical applications. Therefore, the COVID-19 pandemic is expected to play an important role in digital transformation. Favorable government initiatives may affect market growth in the next few years. For example, in 2018, the FDA established a patient and caregiver connection plan.The plan aims to promote interaction with patients, patient advocates, and caregivers during treatment evaluation and monitoring. In addition, the adoption of these solutions in developing countries such as India has been supported by favorable government initiatives. For example, in March 2019, Columbia Asia Hospital in Malaysia, India, Indonesia, and Vietnam collaborated with MphRx to launch a set of patient engagement apps. The plan aims to digitally transform healthcare services, increase patient engagement and lead clinical excellence.

 

DELIVERY TYPE INSIGHT: 

The network/cloud-based market segment dominates the patient participation solutions market, and will have the highest revenue share in 2020 at 80.0%. Due to remote access to real-time data, the adoption rate of these portals is increasing at an alarming rate. Tracking, built-in features, easy access, negligible operating costs, and easy data backup. For the above reasons, the company is investing in network/cloud-based patient participation solutions. 

For example, in May 2020, Microsoft launched its first industry-specific cloud, Microsoft Cloud for Healthcare. The platform aims to help providers promote patient participation and partnerships between medical teams through functions such as telemedicine and data analysis. On-site services provide patient data security, easy retrieval and easy access. The tendency of in-facility services is mainly due to complete access to information in the facility.

END USE INSIGHTS: 

The supplier sector dominates the patient participation solutions market, with the highest revenue share in 2020 at 54%. It is expected to achieve lucrative growth during the forecast period. Due to better use of conventional care processes and patient portals to access information and make complex healthcare decisions, providers support better patient engagement solutions. Provide care based on the following criteria In order to promote growth, the payer intends to manage patient care and connect patients at every stage of treatment.

 

APPLICATION INSIGHT: 

 The health management department dominates the patient participation solution market, with the highest revenue share in 2020, exceeding 40%. Quick response and improved patient compliance with care are the main driving forces of this department. In May 2019, the US National Health Information Technology Coordinator stated that hospitals can access 51.0% of patients’ medical records online. The home healthcare management segment is expected to be the fastest-growing segment during the forecast period as the solution can help patients maintain appointment times, pay bills online, and communicate with healthcare providers to achieve healthcare at home .

 

 COMPONENT INSIGHT: 

The software sector dominates the patient participation solutions market, with the highest revenue share in 2020 at approximately 45%. The software is easy to install and use, easy to obtain specific information about drugs, and facilitates efficient digital transmission of prescriptions. Patient Engagement Solutions software is used in various fields, such as healthcare management, home healthcare management, etc. Some popular software used as patient participation solutions include NextGen Office (a cloud-based EHR), Kareo, a web-based medical billing and practice management solution, and athenahealth’s cloud-based EHR. 

 

The software part is further divided into integrated and independent. Service is one of the key parts of the effective operation of patient participation solutions. Helps leverage granular analysis on-premises or in the cloud, allowing you to predict and trigger interventions that can use real-time training methods. This also helps to provide personalized education for patients, thereby further increasing adoption behavior. This part is divided into consulting, implementation, education and other parts.

 

TREATMENT PROSPECTS : 

 The chronic disease sector dominates the patient participation solutions market, with a revenue share of over 40% in 2020. Patients with chronic diseases need disease monitoring and training. Patient participation solutions can help patients connect with their healthcare providers from remote locations, simplifying the flow of information, patient feedback, and other health-related data. For example, as of November 2019, the CDC has funded arthritis prevention and control projects in 13 states to improve the quality of life and follow-up of arthritis patients in rural areas.

 

 REGIONAL INSIGHT: 

North America dominates the patient participation solutions market and will have the largest revenue share in 2020, exceeding 41%. The main driving factors include the adoption of mobile healthcare and EHR, as well as the increasing investment of major companies in patient participation software. In addition, the increased level of awareness and public expenditures in the health sector are expected to further accelerate growth. With the widespread adoption of innovative technologies among the population, the region may dominate the market in Europe. 

 

Due to public funding systems such as the United Kingdom’s National Health Service (NHS), the market’s revenue share in 2020 ranks second. For example, by 2020 , The NHS will phase out paper documents and provide patients with electronic medical records in 2018. In the Asia-Pacific region, the market is expected to experience profitable growth during the estimated period. It is expected that the demand for developing new systems, replacing and improving medical infrastructure will provide profitable growth opportunities for the market during the forecast period. Economic development in countries such as India and China is also supporting growth in the region.

 KEY COMPANIES AND MARKET SHARE PROSPECTS: 

The market consists of large and small companies. The main players aim to implement new methods, such as geographic penetration, mergers and acquisitions, and cooperation, to expand their influence in the market. For example, in September 2019, GetWellNetwork and Cerner collaborated to bridge the gap between providers and patients, from hospitals to clinics to homes.

 

 The association aims to facilitate access and consumer participation. In addition, many start-up companies such as SaRa Health, Babyscripts, CoHealth, Roundtrip Health, My Haven Health, Advancing Synergy and Ask Rose have emerged to compete with established companies in the market. Some of the major players in the patient participation solutions market include: Allscripts Healthcare Solutions McKesson Corporation Orion Health Ltd. Cerner Corporation Phytel Inc. Medecision Inc. GetWellNetwork Inc. YourCareUniverse Inc. Lincor Solutions Ltd. Athenahealth, Inc.

 

KEY COMPANIES AND MARKET SHARE PROSPECTS:

 
The market consists of large and small companies. The main players aim to implement new methods, such as geographic penetration, mergers and acquisitions, and cooperation, to expand their influence in the market. For example, in September 2019, GetWellNetwork and Cerner collaborated to bridge the gap between providers and patients, from hospitals to clinics to homes. The association aims to facilitate access and consumer participation. In addition, many start-up companies such as SaRa Health, Babyscripts, CoHealth, Roundtrip Health, My Haven Health, Advancing Synergy and Ask Rose have emerged to compete with established companies in the market. Some of the major players in the patient participation solutions market include: Allscripts Healthcare Solutions McKesson Corporation Orion Health Ltd. Cerner Corporation Phytel Inc. Medecision Inc. GetWellNetwork Inc. YourCareUniverse Inc. Lincor Solutions Ltd. Athenahealth, Inc."
 

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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