The global patient engagement solutions market accounted for a value of USD 11.1 billion in 2019 and is projected to register growth at a CAGR of 8.8% during forecast period.
COVID-19 has impacted the patient engagement solutions market. The medical services are under immense pressure as the large number of patients is visiting on daily basis. The spread of corona virus is increasing around the world and this increases the demand for accurate treatment and diagnosis devices. The social distancing norms can also be followed via these solutions which can help in reducing transmission of corona virus. This helps in remote monitoring the patient’s record. COVID-19 has created huge opportunities for patient engagement solutions market.
For more details, visit: Global Patient Engagement Solutions Market By Delivery Mode (On-Premises, Cloud-Based, Others), By Component (Hardware, Software, Others), By Therapeutic Area, By Application, By End-Users, By Region, Forecast & Opportunities to 2026
Governments of various regions are implementing various initiatives to promote the adoption patient engagement solutions. Patient engagement solutions help in promoting positive patient behavior and help them in managing their own health. This increases demand among various region and drives growth in patient engagement solutions market during forecast period.
On the basis of delivery mode, the patient engagement solutions market is segmented into on-premises and cloud based delivery mode. The cloud based delivery mode segment is estimated to grow at highest CAGR during forecast period. The cloud-based delivery mode offers affordability, flexibility and scalability. It helps healthcare units integrate and share information from remote locations in real-time. The demand for cloud-based delivery mode is increasing across the world and this drives growth in cloud-based market during forecast period.
On the basis of application, the patient engagement solutions market is segmented into health management, home health management, social & behavioral management and financial health management. Health management segment is estimated to hold largest market share during forecast period. The awareness among population is increasing about the disease conditions and its complexity and people are demanding health management solutions. People are becoming more willing to actively participate in maintaining their own health. This drives growth in health management segment during forecast period.
On the basis of end-users, the patient engagement solutions market is segmented into providers, payers, patients and others. Providers segment accounted for largest market share in 2019. It is estimated to maintain its dominance during forecast period. Providers are adopting patient engagement solutions at large scale. It helps in reducing costs and improves outcomes. It helps in improving utilization of patient portals for information access and routine care processes. This drives growth in providers segment during forecast period.
Asia-Pacific region is estimated to register growth at Highest CAGR during forecast period. The population is increasing rapidly in this region. People are demanding quality care and cost-effective healthcare facilities is increasing as the geriatric population and chronic diseases are increasing around the region. This increases demand for patient engagement solutions across the region. The spread of corona virus across Asia-Pacific region increases the demand for accurate and timely treatment and diagnosis. This drives growth in patient engagement solutions market during forecast period.
The key market players in patient engagement solutions industry are Mckesson Corporation, Allscripts Healthcare LLC, IBM, Athenahealth, Orion Health, Cerner Corporation, Getwellnetwork Inc., Lincor Solutions, Medhost, Harris Healthcare, Get Real Health, Onview healthcare, Advanced MD, Curemd Healthcare, Epic Systems Corporation, Meditech, Kareo, Eclinical Works and Symphonycare.
- What are the expected industry trends over the next three to five years?
- Which of the patient engagement solutions delivery mode is likely to lead by 2025?
- Which of the end-user segments is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2025?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?