Global Employee Health Management IT Market, Forecast to 2024

Global Employee Health Management IT Market, Forecast to 2024

Well-Being and Corporate Performance are Top Priorities

RELEASE DATE
03-Jul-2019
REGION
Global
Research Code: K373-01-00-00-00
SKU: HC03193-GL-MR_23328
$4,950.00
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$4,950.00
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Description

The purpose of this research service is to present a comprehensive analysis of the global employee health management information technology (EHM IT) market, with respect to how digital health platforms are expected to help employers devise and scale clinical and wellness programs that ensure employee well-being and improve organizational productivity through better financial performance. This is a global study that classifies key markets based on their receptivity for employer-specific health and wellness initiatives that are delivered through digital health enablers. The study period is from 2019 to 2024, with the base year as 2019 and forecast period from 2020 to 2024. The study does not cover occupational health and safety standards, which could be subjective to a particular industry’s unique legal and operational attributes. However, it focuses on various clinical and financial aspects of employee wellness and how digital health solutions can be used to establish a cohesive culture of healthy living at an enterprise level.

According to industry estimates, 69% of an average workforce of 20,000 employees either suffer from or are at risk of major illness, resulting in significant disruption to the operational status quo. At a global level, employers lose an aggregate of $300 billion annually in direct medical costs and indirect productivity costs. Most of these employers are witnessing higher growth of employee benefits costs year over year as their employees remain vulnerable to serious clinical risks that include various chronic conditions, comorbidities, and mental health issues stemming from lifestyle and sociobehavioral attributes. Poor nutritional habits, lack of regular exercise, and care plan non-adherence are further escalating the matter for employers, who in many cases are spending as much as $12,600 per employee per year in medical costs.

To tackle this global challenge, major employers are collaborating with mature and progressive EHM IT solution providers that are devising, deploying, and scaling clinical and wellness programs that ensure employee well-being and better financial performance through improved organizational productivity. This year, for example, North American employers have spent more on employee health and wellness programs than ever before. Many of them are on a mission to establish a wellness-focused workplace that fosters the culture of preventive healthcare among all employees, regardless of their seniority, ethnicity, or designation.

However, challenges still persist as most EHM IT solution providers that employers partnered with have failed to improve employee health outcomes for a sustained period of time, and in many cases could not demonstrate tangible returns—neither in the form of better cost saving nor higher productivity. Hence, an undeniable need exists for a flagship digital health platform that personalizes employee health benefits and delivers positive outcomes quantitatively.

This study aims to pursue a deep dive on the various healthcare IT solutions that enable employers to deploy personalized wellness, behavior change, surgical rehabilitation, and benefits management services for their employees at home, in the office, or on the go.

Key Issues Addressed

  • What triggers EHM initiatives?
  • What do employers want to achieve by rolling out EHM programs?
  • How are employers positioned in terms of their ability to devise and implement EHM programs globally?
  • What is keeping EHM programs from being fully successful?
  • What role should digital health platforms play to ensure that EHM programs are successful?
  • What different types of employee data do digital health platforms normalize to implement EHM programs? How should that data be collected, processed, stored and delivered to key stakeholders?
  • What role will wearables and medical devices play in ensuring that digital health platforms have access to employee data on the go or in real time?
  • What are the major integrated, IT-enabled EHM programs being adopted around the world?
  • What are the key financial incentives, delivered via IT platforms, that improve employee engagement in EHM programs?
  • Apart from IT, what other major elements ensure successful implementation of an enterprise-wide EHM strategy?
  • What is the total revenue potential of the global EHM IT market? How that market is expected to grow during the study period?
  • Who are key vendors offering progressive EHM IT solutions to major employers globally?
  • What are the top growth opportunities around EHM IT?

Author: Koustav Chatterjee

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

The Science of EHM—Current State of Workplace Health

The Science of EHM—Impact of Unhealthy Workplace on Corporate Bottom Line

The Science of EHM—Projected ROI of a Successful EHM

The Art of EHM

The Art of EHM (continued)

Key Findings—Global Outlook for EHM Strategies

Key Findings—Global Outlook for EHM Strategies (continued)

Key Findings—Global Outlook for EHM Strategies (continued)

Key Findings—Global Outlook for EHM Strategies (continued)

Key Findings—Market Drivers and Restraints

Key Questions this Study will Answer

Market Engineering Measurements

CEO’s Perspective

Executive Summary—3 Big Predictions

Market Overview

Market Definition and Core Service Examples

How Are Employers Positioned in their Ability to Devise and Implement EHM Programs?

How Are Employers Governing EHM Programs?

What is Keeping EHM Programs from Being Fully Successful?

What are the Major Integrated IT-enabled EHM Programs Being Adopted Globally?

What are the Major Integrated IT-enabled EHM Programs Being Adopted Globally? (continued)

What are the Major Integrated IT-enabled EHM Programs Being Adopted Globally? (continued)

How Valuable are Different Types of Employee Health Data in Devising a Comprehensive EHM Program?

How Do Employers Capture and Process Employee Data to Deliver EHM Programs?

What are the Key Financial Incentives/Penalties That Improve Employee Engagement in EHM Programs?

Apart from IT, What are the Other Major Elements That Ensure Successful Implementation of an EHM Program?

Opportunity Analysis—North America

Opportunity Analysis—Europe

Opportunity Analysis—Asia-Pacific

Opportunity Analysis—Middle East and Africa

What Role Should Health Platforms Play to Ensure that EHM Programs are Successful?

What Role Should Health Platforms Play to Ensure that EHM Programs are Successful? (continued)

Market Drivers

Market Restraints

Market Engineering Measurements

Forecast Assumptions and Definitions

Forecast Assumptions and Definitions (continued)

Revenue Forecast

Revenue Forecast Discussion

Revenue Share Forecast by End-user Industry

Revenue Forecast by End-user Industry

Penetration Analysis—EHM IT in Healthcare

Penetration Analysis—EHM IT in Technology

Penetration Analysis—EHM IT in Retail

Penetration Analysis—EHM IT in Financial Services

Penetration Analysis—EHM IT in Services

Penetration Analysis—EHM IT in Energy

Tiers of Competition

Competitive Environment

Competitive Environment (continued)

Competitive Environment (continued)

Competitive Environment (continued)

Levers for Growth

5 Growth Opportunities Critical for Future Strategies

Growth Opportunity 1—Integrated Healthcare Benefits Management

Growth Opportunity 2—Women’s Care at the Workplace

Growth Opportunity 3—Mental Health Care at Workplace

Growth Opportunity 4—Home Health

Growth Opportunity 5—Nutrition Care

Strategic Imperatives for the EHM IT Market

Market Engineering Measurements—Healthcare Segment

Revenue Forecast—Healthcare Segment

Market Engineering Measurements—Technology Segment

Revenue Forecast—Technology Segment

Market Engineering Measurements—Retail Segment

Revenue Forecast—Retail Segment

Market Engineering Measurements—Financial Services Segment

Revenue Forecast—Financial Services Segment

Market Engineering Measurements—Services Segment

Revenue Forecast—Services Segment

Market Engineering Measurements—Energy Segment

Revenue Forecast—Energy Segment

The Last Word—3 Big Predictions

Legal Disclaimer

Definitions of Selected Terms Related to Healthcare

Definitions of Selected Terms Related to Care Coordination

Market Engineering Methodology

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Related Research
The purpose of this research service is to present a comprehensive analysis of the global employee health management information technology (EHM IT) market, with respect to how digital health platforms are expected to help employers devise and scale clinical and wellness programs that ensure employee well-being and improve organizational productivity through better financial performance. This is a global study that classifies key markets based on their receptivity for employer-specific health and wellness initiatives that are delivered through digital health enablers. The study period is from 2019 to 2024, with the base year as 2019 and forecast period from 2020 to 2024. The study does not cover occupational health and safety standards, which could be subjective to a particular industry’s unique legal and operational attributes. However, it focuses on various clinical and financial aspects of employee wellness and how digital health solutions can be used to establish a cohesive culture of healthy living at an enterprise level. According to industry estimates, 69% of an average workforce of 20,000 employees either suffer from or are at risk of major illness, resulting in significant disruption to the operational status quo. At a global level, employers lose an aggregate of $300 billion annually in direct medical costs and indirect productivity costs. Most of these employers are witnessing higher growth of employee benefits costs year over year as their employees remain vulnerable to serious clinical risks that include various chronic conditions, comorbidities, and mental health issues stemming from lifestyle and sociobehavioral attributes. Poor nutritional habits, lack of regular exercise, and care plan non-adherence are further escalating the matter for employers, who in many cases are spending as much as $12,600 per employee per year in medical costs. To tackle this global challenge, major employers are collaborating with mature and progressive EHM IT solution providers that are devising, deploying, and scaling clinical and wellness programs that ensure employee well-being and better financial performance through improved organizational productivity. This year, for example, North American employers have spent more on employee health and wellness programs than ever before. Many of them are on a mission to establish a wellness-focused workplace that fosters the culture of preventive healthcare among all employees, regardless of their seniority, ethnicity, or designation. However, challenges still persist as most EHM IT solution providers that employers partnered with have failed to improve employee health outcomes for a sustained period of time, and in many cases could not demonstrate tangible returns—neither in the form of better cost saving nor higher productivity. Hence, an undeniable need exists for a flagship digital health platform that personalizes employee health benefits and delivers positive outcomes quantitatively. This study aims to pursue a deep dive on the various healthcare IT solutions that enable employers to deploy personalized wellness, behavior change, surgical rehabilitation, and benefits management services for their employees at home, in the office, or on the go.--BEGIN PROMO--

Key Issues Addressed

  • What triggers EHM initiatives?
  • What do employers want to achieve by rolling out EHM programs?
  • How are employers positioned in terms of their ability to devise and implement EHM programs globally?
  • What is keeping EHM programs from being fully successful?
  • What role should digital health platforms play to ensure that EHM programs are successful?
  • What different types of employee data do digital health platforms normalize to implement EHM programs? How should that data be collected, processed, stored and delivered to key stakeholders?
  • What role will wearables and medical devices play in ensuring that digital health pla
More Information
No Index No
Podcast No
Author Koustav Chatterjee
Industries Healthcare
WIP Number K373-01-00-00-00
Is Prebook No
GPS Codes 9600-B1,9612-B1,9A4B-B1