The escalating geriatric patient pool, augmenting burden of chronic illnesses, and the rising focus on patients’ involvement in their own care are stimulating Patient Engagement Solutions market growth.
The escalating geriatric patient pool, augmenting burden of chronic illnesses, and the rising focus on patients’ involvement in their own care are stimulating Patient Engagement Solutions market growth.
The Global Patient Engagement Solutions Market is projected to reach USD 41.20 billion in 2027. The market is projected to experience rapid growth as a result of m-health adoption, increased prevalence of chronic disorders such as diabetes, asthma, and arthritis, strengthened healthcare services, enhanced medical education, patient data tracking, and diagnostic treatment.
A variety of initiatives to change the burden of healthcare payers to providers are being implemented globally. This move promotes the use of approaches to boost the quality, and the needless costs of health information technology (HCIT).
In July 2019, a two-partisan Legislative committee in the United States proposed a bipartisan bill to provide funds for the city, state, and federal governments in the amount of USD 25 million to create the Social Determinants Accelerator Program to enhance patient identification and collaboration. Throughout the projected timeframe, these measures are expected to increase demand for these facilities.
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Key Highlights from the Report:
- The software sub-segment led the market in 2019 owing to the continual development of patient engagement solutions and its increased application in consulting education.
- Increasing incidences of chronic conditions viz., cardiovascular disorders, diabetes, and obesity, are anticipated to add traction to the demand for these services.
- Web-based/cloud-based sub-segment showed promising growth in 2019 owing to the convenient and hassle-free information transfer between patients and doctors, coupled with the easy storage of bulk data and the availability of remote access on the platform.
- Chronic disease sub-segment contributed to a significant share of the revenue in 2019 due to the extensive benefits of these solutions in managing chronic diseases. These systems allow patients to access healthcare services from a remote location to obtain knowledge, patient reports, and other healthcare-related data.
- North America headed the global market regionally in 2019 and is expected to retain its leading position. This expansion can be attributed to the extensive use of EHRs and patient interaction tools by hospitals and large organizations.
- Key industry players include Allscripts Healthcare Solutions, Orion Health Ltd., Cerner Corporation, Phytel Inc., McKesson Corporation, Medecision Inc., GetWellNetwork Inc., Lincor Solutions Ltd., Athenahealth, Inc., and YourCareUniverse Inc., among others.
- In 2019, IQVIA launched an innovative cloud software-as-a-solution (SaaS) solution called Orchestrated Patient Engagement that gathers insights and connections and bridges the communication gap between patients and life sciences firms.
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For the purpose of this report, Emergen Research has segmented the Global Patient Engagement Solutions Market on the basis of component, delivery, therapeutic area, application, end-user, and region:
Component Outlook (Volume, Million Tons; Revenue, USD Billion; 2017-2027)
- Software
- Services
- Hardware
Delivery Outlook (Volume, Million Tons; Revenue, USD Billion; 2017-2027)
- Online
- Offline
Therapeutic Area Outlook (Volume, Million Tons; Revenue, USD Billion; 2017-2027)
- Women’s Health
- Chronic diseases
- Mental Health
- Fitness
- Others
Application Outlook (Volume, Million Tons; Revenue, USD Billion; 2017-2027)
- Health Management
- Social Management
- Financial Health Management
- Home Healthcare Management
End-User Outlook (Volume, Million Tons; Revenue, USD Billion; 2017-2027)
- Payers
- Individual Users
- Providers
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Regional Outlook (Volume, Million Tons; Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- BENELUX
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- Rest of MEA
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2030
Chapter 3. Key Insights
Chapter 4. Patient Engagement Solutions Market Segmentation & Impact Analysis
4.1. Patient Engagement Solutions Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continued…
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