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.
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 about 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 issue 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.
