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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