Healthcare Marketing & Communications Market by Type, Services, End-User

Description

List of Tables

[187 Pages Report] The Healthcare Marketing & Communications Market size was estimated at USD 49.08 billion in 2023 and expected to reach USD 52.64 billion in 2024, at a CAGR 7.38% to reach USD 80.80 billion by 2030.

Healthcare marketing & communications encompass various strategies and channels fostering connections between healthcare providers, patients, and other medical institutions. A primary aim of these techniques within the healthcare system is to build trust and credibility and, consequently, stimulate informed decisions about health services, insurance, and products. Growing focus on enhancing the patient experience and the need for efficient communication is accelerating the use of healthcare marketing & communications solutions. However, the high cost of healthcare marketing & communications solutions may impede their adoption by the healthcare industry. Moreover, rapid digitalization and the introduction of innovative features in healthcare marketing & communications solutions are expected to expand their use across the healthcare sector globally.

KEY MARKET STATISTICS
Base Year [2023]	USD 49.08 billion
Estimated Year [2024]	USD 52.64 billion
Forecast Year [2030]	USD 80.80 billion
CAGR (%)	7.38%

Type: Proliferating demand for multi-channel healthcare marketing & communication solutions

In the healthcare sector, multi-channel marketing refers to interacting with potential patients through various channels. These could include direct mail, websites, email, and social media. Multi-channel strategies appeal to healthcare consumers who prefer flexibility in their interactions with providers. Omnichannel marketing provides a seamless and consistent communication process to patients on any channel. It ensures that regardless of the channel used, the consumer experience is consistent and integrated. Omnichannel helps healthcare providers achieve more personalized interactions with their patients. Multi-channel marketing aims to reach consumers at as many digital touchpoints as possible, whereas omnichannel marketing focuses on delivering a consistent, holistic user experience irrespective of channel. mmulti-channel is a one-to-many communication model, omnichannel favors a one-to-one relationship.

Services: Significant penetration of Customer Relationship Management (CRM) services

Customer Relationship Management (CRM) maintains patient interaction data, enabling personalized care. Healthcare providers have an increased affinity for CRM systems, prioritizing data analysis capabilities. Digital marketing services engage and nurture potential patients through channels such as social media, emails, and websites. Digital marketing emphasizes the integration of AI in digital marketing strategies. Healthcare Advertising & Public Relations services focus on brand positioning, mitigating crises, and managing public perception. The need for transparency in healthcare communication is accelerating the use of these services. Patient engagement strategies humanize care experiences, thus boosting satisfaction and loyalty. Virtual communication tools are widely used to enhance patient experience. CRM and Patient Engagement & Experience focus on personalizing care, while Digital Marketing Services and Healthcare Advertising & Public Relations indirectly contribute by building patient trust and satisfaction, thereby influencing decision-making.

End-User: Burgeoning adoption by the healthcare providers

Healthcare Payers primarily include insurance firms, the government (in the case of public healthcare), and employers running staff health plans. They are essential in the healthcare delivery model due to their key role in financing and disbursement of funds. The preference of these entities often orientates towards solutions that streamline their processes, reduce bureaucratic and administrative overhead, better manage healthcare risks, and improve customer experience. Healthcare providers comprise hospitals, clinics, and pharmacies and are on the frontline of health services. They provide the necessary diagnosis, treatment, and care for patients directly. Their needs focus on service improvement, efficient appointment handling, and upgrading medical technologies for enhanced care. Providers focus on patient interaction, cutting-edge medical technology, and care quality. Concurrently, Payers focus on efficient fund management, minimizing fraud, and ensuring compliance with evolving regulations.

Regional Insights

The healthcare marketing & communications market is evolving in the Americas owing to the well-established healthcare sector, adoption of advanced technologies, and significant emphasis on personalized patient communication. The APAC region represents a rapidly developing market for healthcare marketing & communications due to the focus on improving patient outreach, high smartphone and internet penetration, increasing health consciousness, and the region's significant investments in digital health technologies, like AI and telemedicine. In the EMEA region, demographic changes, such as an aging population and a surge in incidences of chronic diseases, initiatives for digitalization across the healthcare sector are creating immense potential for healthcare marketing & communications solutions in the region. Besides, the integration of advanced technologies such as big data and predictive analytics is anticipated to improve decision-making and efficiently leverage patient data and habits.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Healthcare Marketing & Communications Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Healthcare Marketing & Communications Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Healthcare Marketing & Communications Market, highlighting leading vendors and their innovative profiles. These include Advice Media, LLC, Austin Williams, Cheenti, Comhes, Evolve Healthcare Marketing, Experian PLC, Fishawack Health Group, Indegene Limited, Inizio Group Limited, Insignia Communications Private Limited, IQVIA Inc., LEVO Healthcare Consulting, LLC, Mauldin Group, McCann Worldgroup, MediaMedic Communications Pvt. Ltd., MedTrix Healthcare Pvt Ltd, NexgenRx Inc., Open Health Communications LLP, Publicis Groupe, SCALE Healthcare, Sigma Healthcare Communications, Spectrio, Inc., Syneos Health, Inc, The Brains Healthacre, and Toppan Merrill LLC.

Market Segmentation & Coverage

This research report categorizes the Healthcare Marketing & Communications Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Multi-Channel
- Omnichannel

Services
- Customer Relationship Management (CRM)
- Digital Marketing Services
- Healthcare Advertising & Public Relations
- Patient Engagement & Experience

End-User
- Healthcare Payer
- Healthcare Provider

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Healthcare Marketing & Communications Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Healthcare Marketing & Communications Market?

3. What are the technology trends and regulatory frameworks in the Healthcare Marketing & Communications Market?

4. What is the market share of the leading vendors in the Healthcare Marketing & Communications Market?

5. Which modes and strategic moves are suitable for entering the Healthcare Marketing & Communications Market?

Product Code: MRR-4360E5D63206

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Need for enhanced patient experience through increased communication
  - 5.1.1.2. Increasing digitalization across the healthcare sector globally
  - 5.1.1.3. Government enforcement to increase patient awareness & education
- 5.1.2. Restraints
  - 5.1.2.1. High investment requirement for healthcare marketing & communication solutions
- 5.1.3. Opportunities
  - 5.1.3.1. Inclination towards personalized medicine and telemedicine
  - 5.1.3.2. Integration of advanced technologies and introduction of innovative features
- 5.1.4. Challenges
  - 5.1.4.1. Data privacy and interoperability concerns
5.2. Market Segmentation Analysis
- 5.2.1. Type: Proliferating demand for multi-channel healthcare marketing & communication solutions
- 5.2.2. Services: Significant penetration of Customer Relationship Management (CRM) services
- 5.2.3. End-User: Burgeoning adoption by the healthcare providers
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization
- 5.9.1. Regulatory Framework Guiding Communication in the Healthcare Sector

6. Healthcare Marketing & Communications Market, by Type

6.1. Introduction
6.2. Multi-Channel
6.3. Omnichannel

7. Healthcare Marketing & Communications Market, by Services

7.1. Introduction
7.2. Customer Relationship Management (CRM)
7.3. Digital Marketing Services
7.4. Healthcare Advertising & Public Relations
7.5. Patient Engagement & Experience

8. Healthcare Marketing & Communications Market, by End-User

8.1. Introduction
8.2. Healthcare Payer
8.3. Healthcare Provider

9. Americas Healthcare Marketing & Communications Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Healthcare Marketing & Communications Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Healthcare Marketing & Communications Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Accenture Completes Acquisition of Healthcare Marketing Agency ConcentricLife
- 12.3.2. Global Health Marketing & Communications (GHMC) Welcomes Improve Comunicaciones as Exclusive Agency Partner in Mexico
- 12.3.3. Publicis Health Launches Insagic, a Groundbreaking Insights and Advisory Business

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio