Patient Consumerism – Thematic Intelligence

Patient Consumerism Report Overview

Within patient consumerism, patients are seen as well-informed ‘customers’ of healthcare. These consumers proactively use trustworthy, relevant information and appropriate technology to make better-informed medical decisions about their healthcare options. Healthcare is evolving from a ‘doctor knows best’ mentality to a patient-doctor relationship where the patient takes an active role in making informed healthcare decisions.

Players in the patient consumerism market range from small, private companies that make small annual revenues, to large companies that dominate multiple industries and generate large revenues through internet platforms, mHealth apps, wearable technologies, and medical devices for elective surgeries.

The Patient Consumerism – Thematic Intelligence report is a thematic brief, which identifies those companies most likely to succeed in a world filled with disruptive threats. Inside, we predict how each theme will evolve and identify the leading and disrupting companies.

Patient Consumerism – Trends

The main trends shaping the patient consumerism theme over the next 12 to 24 months are classified into three categories: technology trends, macroeconomic trends, and regulatory trends.

Technology trends: The main technology trends shaping the patient consumerism theme are the rising use of AI, concerns over data breaches, the importance of cloud computing in patient consumerism, the growing prevalence of the Internet of Things (IoT), and Remote patient monitoring (RPM) among others.

Macroeconomic trends: An increase in healthcare costs, a rise in population which are attuned to virtual communication, and direct-to-consumer healthcare offerings are some of the macroeconomic trends shaping the patient consumerism theme.

Regulatory trends: The main regulatory trends shaping the patient consumerism theme are FDA regulation of mobile health, software as a medical device, and the Health Insurance Portability and Accountability Act of 1996 (HIPAA) among others.

Patient Consumerism Industry Analysis
The patient consumerism industry can be divided into three main segments: mHealth apps, wearable tech, and telemedicine.

mHealth Apps: The market potential for health and fitness apps is huge since anyone who owns a smartphone and is interested in improving their health in some way could be a potential consumer of these apps. However, some apps are more commonly used than others. One reason there are so many health management apps is that these apps require little R&D and largely rely on user input (in the form of weight measurements, exercises logged, or hours slept) rather than needing to analyze data from a sensor.

The patient consumerism industry analysis also covers-

• Timeline
• Signals
  • M&A Trends
  • Venture Financing Trends

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Patient Consumerism Value Chain Analysis

The patient consumerism value chain begins with the three patient consumerism markets: mHealth apps, wearable technology, and telemedicine. The value chain then looks at the different types of devices within each of those three markets, as well as the different device uses. Finally, the value chain looks at the experiences associated with the patient consumerism markets and devices.

Wearable technology: Wearable tech devices are classified into seven categories: smartwatches, smart glasses, fitness trackers, AR headsets, VR headsets, hearables, and smart clothing. There are many different uses for wearable tech in the medical industry, but the most used wearable tech devices are smartwatches, fitness trackers, and hearables. All wearable tech devices can provide important information and insights to patients, especially fitness trackers, and these devices help patients learn and understand more about their health.

Patient Consumerism Value Chain

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Patient Consumerism Industry – Competitive Landscape

The key players in Patient Consumerism industry include:

Public Companies: Abbott, Allscripts, Alphabet (parent company of Google), and Apple among others are some of the leading public companies in the patient consumerism industry.

Private Companies: A&D Medical, AliveCor, Athenahealth, and Calm among others are some of the leading private companies in the patient consumerism industry.

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Medical Devices Sector Scorecard

The medical devices scorecard is used to predict tomorrow’s leading companies within each sector. using three screens including a thematic screen, a valuation screen, and a risk screen.

Medical Devices Sector Scorecard Analysis

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Scope

• This report is a thematic brief, which identifies those companies most likely to succeed in a world filled with disruptive threats. Inside, we predict how each theme will evolve and identify the leading and disrupting companies.
• The report covers the cloud theme.

Reasons to Buy

• GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying important themes early, enabling companies to make the right investments ahead of the competition and secure that all-important competitive advantage.
• Develop and design your corporate strategies through an in-house expert analysis of cloud computing by understanding the primary ways in which this theme is impacting the healthcare industry.
• Stay up to date on the industry’s major players and where they sit in the value chain.
• Identify emerging industry trends to gain a competitive advantage.