Market Highlights
According to MRFR analysis, the
Global Patient Engagement Solution Market is expected to register a CAGR of 18.90% during the
forecast period of 2019 to 2025 and was valued at USD 42,600 million in 2018.
Healthcare providers use patient engagement
solutions for better access to data for effective self-care. Patient
involvement, however, does not only involve technology such as portal as well
as automated messaging. The method also plays an essential role in ensuring
patient satisfaction. Several hardware, software, and services are used to get
patient health information.
The growth of global patient
engagement solution market a vital by numerous factors such as an augmented
application of patient engagement solutions in the healthcare sector, an
increasing number of patients suffering from chronic disorders and growing
number of insurance holders. However, the cost associated with the
implementation of patient engagement solutions and rising cases of data theft
in the healthcare effective likely to hamper the growth of the global patient
engagement solution market during the forecast period.
Several market players currently
dominate the global patient engagement solution market. The key players are
involved in product launches and strategic collaborations to strengthen their
market positions.
Regional Analysis
The market has been divided, by
region, into the Americas, Europe, Asia-Pacific, and the Middle East &
Africa.
The Americas is anticipated to hold
the largest market share owing to the rising number of patients seeking
healthcare insurance, and the exponential rise in healthcare expenditure. The
patient engagement solutions industry in the Americas has further been branched
into North America and Latin America, with the North American market being
divided into the US and Canada.
The European patient engagement
software solutions market has been categorized as Western Europe and Eastern
Europe. The Western European market has further been classified as Germany,
France, the UK, Italy, Spain, and the rest of Western Europe. The patient
engagement software solutions market in Asia-Pacific has been segmented into
Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The
presence of a large patient pool, rising geriatric population, the market in
Asia-Pacific, is expected to be the fastest-growing. The patient engagement
software solutions market in the Middle East & Africa has been divided into
the Middle East and Africa.
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Segmentation
The global patient engagement
software solutions market has been segmented based on component, delivery mode,
therapeutic area, application, and end user
The market, based on component, has
been divided into hardware, software, and service. The software segment has
been further classified as standalone software and integrated software. Patient
engagement software is likely to hold the maximum market share in the global
patient engagement solutions market.
The global patient
engagement solution market based on delivery mode has been bifurcated into
web-based, cloud-based, and on-premise. The cloud-based patient engagement
solutions segment is expected to hold a larger share of the market share owing
to the rising adoption of cloud-based systems.
The global patient
engagement solutions market, based on therapeutic area is classified as a
chronic disease, fitness management, women’s health management, and others.
Chronic disease holds the first position in the patient engagement solutions
market by therapeutic area.
The global patient
engagement solutions market, on the basis of application, is classified into
social management, health management, home health management, and financial
health management.
The end user segment of the market
consists of hospitals and healthcare providers, healthcare
payers, individual users, and others. The hospitals and healthcare providers
segment is expected to hold the largest share of the market as these centers
are the primary locations for patients receiving treatment.
Key Players
Some of the key players
in the global patient engagement solution market are Allscripts Healthcare Solutions, Inc. (US),
Athenahealth, Inc. (US), Cerner Corporation (US), IBM (US), Aetna Inc. (US),
Lincor Solutions (US), Mckesson Corporation (US), Medecision, Inc. (US), Orion
Health Ltd. (New Zealand), Welvu (US), Oneview Ltd (Ireland), and Get Real
Health (US).
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