About Patient Health Management
Patient Health Management refers to the process of improving patient engagement by supporting appropriate care models and financials. This management system share information with the patients about their health and illness. It consists of services such as routine screening and wellness exams, short-term case management, and long-term chronic conditions management. Patient Health Management system involves planning, coordination of nonclinical activities in the health care system, network, and organization.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The global Patient Health Management market is fragmented with the presence of various players. Companies providing features like routine screening, In-Patient Services Out-patient services, etc. The companies are also investing in the launch and invention of new technologies in health management. Players are also focusing on strategic activities like mergers and acquisitions and partnerships to improve their presence and sustain in the market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Patient Health Management market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cognizant (United States), Conduent, Inc. (United States), Koninklijke Philips N.V.( Netherlands), GE Healthcare (United States), Allscripts Healthcare Solutions, Inc. (United States), UnitedHealth Group. (United States), Medtronic (United States), Abbott (United States), Siemens Healthcare GmbH (Germany), Aster DM Healthcare. (United Arab Emirates), CVS Health (United States), HCA Healthcare (United States), Apollo Hospitals Enterprise Ltd. (India), Exl Service Holdings, Inc. (United States) and Evolent Health, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Patient Health Management market by , Application (Hospitals and Clinics) and Region.
On the basis of geography, the market of Patient Health Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. If we see Market by Feature, the sub-segment i.e. Online scheduling will boost the Patient Health Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offering, the sub-segment i.e. Software will boost the Patient Health Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On October 14, 2021, EXL announced the launch of a new omnichannel Patient Engagement Platform, which uses real-world patient data and powerful analytics to drive highly personalized care management programs for health plans and self-insured employers. Leveraging AI to analyze patient behaviors and inform a series of patient engagement escalations designed to encourage adherence with value-based guidelines, the new platform is designed to optimize the care management process.
Market Drivers
- Growing Need For Efficient And Effective Management of Patient Data & Information To Offer Better Treatment And Service
- Emerging Demand for Remote Monitoring Of Patients Vitals
Opportunities
- Surging Investment and Spending’s by Healthcare Associations on Healthcare Infrastructure and Technology will Boost the Patient Health management
Restraints
- Regulatory Compliances and Standards Associated with the Patient Health Management Systems and Software Concerning Patient’s Data
Challenges
- High cost and time Consumption Related to Setup or Installation of healthcare technology challenging the Patient Health Management Market
Key Target Audience
Patient Health Management Service Providers, Research and Development Institutes, Patient Health Management Potential Investors, Industry Associations, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.