Market Research Report
Global Patient Engagement Solutions Market: Focus on Components, Mode of Delivery, Applications, 16 Countries Data, Industry Insights and Competitive Landscape - Analysis and Forecast, 2019-2028
|Published by||BIS Research Inc.||Product code||916627|
|Published||Content info||218 Pages
Delivery time: 1-2 business days
|Global Patient Engagement Solutions Market: Focus on Components, Mode of Delivery, Applications, 16 Countries Data, Industry Insights and Competitive Landscape - Analysis and Forecast, 2019-2028|
|Published: October 15, 2019||Content info: 218 Pages||
"Global Patient Engagement Solutions Market to Grow at a CAGR of 14.09% from 2019-2028."
The Global Patient Engagement Solutions Market report by BIS Research projects the market to grow at a significant CAGR of 14.09% during the forecast period from 2019 to 2028. The market has evolved dramatically with the growing adoption of mobile phones, healthcare services, increasing number of geriatric populations, growing prevalence of chronic diseases, and rising cloud-networking models. Despite the benefits of this market, the major challenges in the market are absence of health literacy, and lack of security of patient data and health information safety concerns. Some of the major opportunities for the key vendors in the market could be adoption of cloud-based networking models, and growing investments in healthcare IT.
"North America is the leading contributor to the global patient engagement solutions market. In 2018, in terms of revenue, the North America patient engagement solutions market was valued $6.85 billion which is anticipated to grow at a CAGR of 11.64% during the forecast period. This double-digit growth can be attributed to the increasing number of government initiatives and regulations promoting delivery of better healthcare services and rising Electronic Health Record (EHR) and Electronic Medical Record (EMR) companies in North America. However, Asia-Pacific is the fastest-growing region during the forecast period, because of the rising prevalence of chronic diseases such as diabetes, and hypertension and increasing usage of mobile health solutions."
The purpose of this study is to gain a holistic view of the global patient engagement solutions market in terms of various influencing factors such as regional adoption trends, and technological advancements.
The scope of this report constitutes an in-depth study of the global patient engagement solutions market, including a thorough analysis of the software and services in the market as well as their adoption spanning different geographical regions. The market has been chiefly segmented into component, mode of delivery, application, and region. The report presents the reader with an opportunity to unlock comprehensive insights with respect to the market and helps in forming well-informed strategic decisions. The research uncovers some of the substantial parameters that must be taken into consideration before entering the market.
The global patient engagement solutions market can be segmented on the basis of component, mode of delivery, application, and region.
As of 2018, the global patient engagement solutions market was estimated to be approximately $11.84 billion. North America dominated the patient engagement solutions market and accounted for 57.86% in 2018.
Asia-Pacific held the second largest contributor for the patient engagement solutions market, due to the increasing prevalence of chronic conditions such as diabetes and hypertension and increasing demand for patient-centric care.
The global patient engagement solutions market is segmented based on components (software and services), mode of delivery (web-based, cloud-based and on-premise), applications (health management- care and social management and Financial management).
By Component, service segment held 37.41% of the total market share in 2018 and is expected to grow in the forecasting years. Software segment is expected to increase because of the increasing demand for the coming years.
By Mode of delivery, cloud-based mode of delivery held the largest market share with 39.13% in 2018. Cloud-based delivery is increasing day-by-day because of the storage of large data from any location of patients and healthcare IT using cloud-based delivery for giving healthcare services to the patients.
By Applications, health management dominated the market in 2018 and held the largest market share with 61.59% due to increasing awareness of complex diseases among patients and the need to maintain their health.
This report is a meticulous compilation of research on 76 players in the market ecosystem and draws upon the insights from in-depth interviews with the key opinion leaders of more than 20 leading companies, market participants, and vendors. The report also profiles 18 key players from the patient engagement solutions market. Some of the market players include primary and secondary data analysis tools providers such as IBM Corporation, Allscripts Healthcare Solutions, Inc., McKesson Corporation, and Cisco. Also, there are a plethora of companies providing software and solutions (such as IBM Corporation, Valera, and among others), as well as services (such as Get Real Health, Emmi Solutions, and Athenahealth).