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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
03-Jul-2019
Global
Market Research
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.Click image to view it in full size
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)
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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
| Deliverable Type | Market Research |
|---|---|
| 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 |