Finland Patient Engagement Solutions Market Report 2022 to 2030

Finland Patient Engagement Solutions Market Analysis

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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.

ID: IN10FIHS015 CATEGORY: Healthcare Services GEOGRAPHY: Finland AUTHOR: Neha Davda

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Finland Patient Engagement Solutions Market Executive Summary

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.

finland patient engagement solutions market analysis

Market Dynamics

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.

Market Restraints

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.

Competitive Landscape

Key Players

Buddy Healthcare (FIN)
Tietoevry (FIN)
Oracle
IBM
Siemens Healthineers

Notable Deals

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.

Healthcare Policies and Regulatory Landscape

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.

Reimbursement Scenario

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)

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

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.