Health Coaching Market Competitive Landscape, Growth Factors, Revenue Analysis, 2030
Posted by sneha j on July 22nd, 2022
Health coaching is an innovative way to manage health and assist people in maintaining good health. Health coaching helps a patient in different ways to manage chronic illnesses such as metabolic syndromes, chronic pain, and diabetes. Health coach is accountable for setting targets and goals for patients, guiding the patient, and evaluating results on a timely basis. The applicability of health coaching is there in chronic ailments, stress management, fitness, and behavioral management. Due to the rising demand for maintaining mental and physical health and the growing geriatric population is anticipated to propel market growth in the coming years.
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COVID-19 Impact analysis
COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome corona virus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
The global outbreak of COVID-19 leads to an ongoing downturn of the healthcare market. Apart from communities, COVID-19 was equally disastrous for major world economies, especially the healthcare sector. Prominent stakeholders are continuing to adapt their strategies to the rapidly changing situation. COVID-19 is projected to have significant long-term impacts on the healthcare industry. Countries and major players would have to undertake critical healthcare changes until the crisis takes a back seat.
Technological progress, cost containment, and increased access are projected to be an integral part of healthcare reforms in the near future. Digital health and telehealth have taken a front seat in the ongoing outbreak. COVID-19 re-emphasized the importance of remote diagnosis, care, and consultation. Over the past few years, regulatory and behavioral barriers have slowed Telehealth growth. However, since many healthcare providers are currently working on video conferencing and telephone calls, the segment is anticipated to experience growth over the next two years. The social distancing measures also mandated online consultation of patients with moderate symptoms. In addition, it greatly reduced the burden on hospitals already swamped by counts of COVID-19 patients. Medical IoT devices that live at home with patients are now being used for optimizing outpatient treatment and minimizing repeat visits, and these devices can be further used in a crisis situation. The pandemic led to severe resource constraints. This is expected to result in the development of competitive pricing and value-based pricing models, which boosts the growth of the health coaching market.
Top Impacting Factors
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About the Authorsneha j
Joined: July 12th, 2022
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