Global Patient Engagement Solutions Industry Market Report 2019 | Forecast Till 2026 | By Type, End-use, Geography, Player
Patient engagement refers to the process of enabling the active involvement of patients, caregivers, families, and healthcare providers in self-care to improve the quality of care, enhance safety, and offer patient-centric health care delivery. The patient engagement solutions assist hospitals in providing financial solutions for effective utilization of the allocated healthcare budget.
The global Patient Engagement Solutions market is estimated to be USD 16,422 million in 2019 and is expected to reach USD 55,495 million by 2026, with a CAGR of 19% during the forecast period.
Get FREE Sample of Patient Engagement Solutions Market Report at:
Key Dynamics
The worldwide demand for patient-centric care is growing rapidly, owing to the need for better patient outcomes and improved interaction between healthcare providers and patients. Government regulations and incentive programs to promote and implement patient-centric care, increasing the popularity of patient engagement solutions among the elderly patients, and the wide adoption of mobile health solutions are prime factors fueling the growth of the patient engagement solutions the market globally. Moreover, the implementation of value-based programs results in improved health outcomes, lower healthcare costs, and higher level of patient satisfaction are continuing to spur the market growth.
One of the main restraints of the market is the lack of skilled analysts, lack of health literacy in a large portion of the population, and scarcity of skilled, qualified, and trained workers for patient engagement solution technology operations. The lack of qualified healthcare IT workers is the most significant challenge for the growth of the global patient engagement solution market.
The software segment is sub-segmented into standalone solutions and integrated solutions. The services segment includes consulting services, implementation services, training and education services, and others (post-sale and maintenance services, advertising services, and enrollment services). The software segment occupied the largest market share in 2018. The services segment is expected to register the highest CAGR over the forecast time period.
Health management dominated the market in 2018, due to the escalating awareness among patients about disease complexities and patient willingness to maintain their health.
Segmentation
On the basis of type, Patient Engagement Solutions Market segmented into
l Software
l Services
l Hardware
Based on application, Patient Engagement Solutions Market segmented into
l Social Management
l Health Management
l Home Healthcare Management
l Financial Health Management
Purchase a copy of Patient Engagement Solutions report at:
Competitive Landscape
Important players profiled in the global Patient Engagement Solutions market include Phytel, Inc, YourCareUniverse, Inc, YourCareUniverse, Inc, Lincor Solutions Ltd, WelVU, Inc, Orion Health Ltd, Cerner Corporation, Allscripts Healthcare Solutions, Inc, Athenahealth, Inc, GetWellNetwork, Inc, McKesson Corporation, and etc. The market players actively volunteer in obtaining patient feedback regarding the existent solutions to develop better patient engagement plat forms with enhanced quality.
Regional Spotlights
North America dominated the global patient engagement solutions market and accounted for about 38% market share in 2018. This regional market is expected to maintain its dominant position over the forecast time period as well, owing to the increasing number of Accountable Care Organizations (ACO), rising need to reduce healthcare costs and hospital re-admissions, and an increasing number of government initiatives to promote the implementation of patient engagement solutions. Besides, the escalating focus of government to use healthcare IT technology to offer better patient outcomes and reduce hospital readmissions and healthcare costs are some of the other factors boosting the growth of patient engagement solutions market in North America. At the country level, the U.S. is a major market in the North American patient engagement solutions market and held a 78% market share in 2018, due to the presence of major players and the growing popularity of mobile health solutions among the aging population.
Europe held the second position in the global patient engagement solutions market in 2018, possessing the market share of 34%. Europe is predicted to witness a significant development in the coming years due to the growing need for efficient healthcare delivery, advanced healthcare solutions, rising adoption of mobile health solutions, increasing use of mobile devices, such as smartphones, tablets etc., escalating prevalence of chronic diseases, such as diabetes, cardiovascular diseases, cancer, and etc. Germany, France, and UK are major countries for patient engagement solutions market. Favorable government regulations, increasing adoption of home care, and flourishing medical tourism are major factors contributing toward the market growth in European countries.
The Asia-Pacific region is presumed to show the highest CAGR over the forecast time period, owing to the increasing lifestyle-related chronic diseases, rising smartphone penetration, the upsurge in the use of mobile health solutions, and escalating demand for patient-centric care. Besides, the increasing demand for efficient and advanced healthcare facilities, need to reduce healthcare-associated costs, and better patient outcomes are majorly driving this regional market. At the country level, China is the biggest regional contributor. Whereas India is estimated to be a rapidly growing country.
Overall Regions Outlook
l North America (U.S., Canada, Mexico)
l Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe
l Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific)
l Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries.
l Other Regions
In-depth Patient Engagement Solutions Market Report: Intended Audience
l Healthcare organizations
l Patient Engagement Solutions industry associations
l Product managers, Patient Engagement Solutions industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Analysts and strategic business planners
l Government agencies and NGOs
Ask for a discount at:
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Patient Engagement Solutions Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Patient Engagement Solutions Market by Types
4 Segmentation of Patient Engagement Solutions Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Patient Engagement Solutions Market in Major Countries
7 North America Patient Engagement Solutions Landscape Analysis
8 Europe Patient Engagement Solutions Landscape Analysis
9 Asia Pacific Patient Engagement Solutions Landscape Analysis
10 Latin America, Middle East & Africa Patient Engagement Solutions Landscape Analysis
11 Major Players Profile
11.1 Phytel, Inc
11.1.1 Phytel, Inc Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 YourCareUniverse, Inc
11.3 Lincor Solutions Ltd
11.4 WelVU, Inc
11.5 Orion Health Ltd
11.6 Cerner Corporation
11.7 Allscripts Healthcare Solutions, Inc
11.8 Athenahealth, Inc
11.9 GetWellNetwork, Inc
11.10 McKesson Corporation
…
Years considered for the study
l Base Year: 2018
l Estimated Year: 2019
l Forecast Period: 2019 to 2026
Contact Us
Global Market Monitor
One Pierrepont Plaza, 300 Cadman Plaza W, Brooklyn,
NY 11201, USA
Name: Rebecca Hall
Phone: + 1 (347) 467 7721
Email: info@globalmarketmonitor.com
Web Site: https://www.globalmarketmonitor.com
We provide more professional and intelligent market reports to complement your business decisions.
Chinese