Patient Engagement Technology an Innovative Tool for Healthcare Industry, End User Market Trends and Analysis - (Price Analysis, Replacement Trends and Factor Analysis, Selection Criteria, Buying Behavior and Mobile health)

Extensive research on the patient engagement technology market has brought to light that when patients are engaged in their health care, it leads to measurable improvements in hospital safety and quality of care. Active patient engagement is a pre-requisite to better healthcare delivery. Considering the on-going and rapid change occurring in the health care industry, hospitals are focusing on various ways to engage their patients to improve the care delivery process and allow informed decision making by physicians.

Aligned with this trend, healthcare providers, payers, and patients are increasingly adopting patient engagement technology that provides benefits to them as well as their patients and customers.

Below is the list of some of the benefits of Patient Engagement Technology:

BENEFITS TO CLINICS AND HOSPITALS (PROVIDERS)/PAYERS:

• Increased patient satisfaction and experience
• Improved clinical outcomes and quality of care
• More timely appointments and reduced rate of no-shows
• Meet Meaningful Use (MU) criteria
• Reduction in hospital readmission rates
• Increased patient outreach
• Reduce overall cost

BENEFITS TO PATIENTS:

• Easy access to health information - Patients can access medical information anytime, anywhere through patient engagement technology or platform

• Easy communication between patient and provider - e-visits and secure messaging helps patients communicate with providers using their mobile devices.

• Monitor treatment progress effortlessly - Patients can view and share their medical records and receive test results on their mobile devices

• Increased adherence to prescribed medical treatments - Alerts and reminders help patients stick to their schedules and take medications regularly

Reasons to Buy the Report:

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market. Insights cited in the report will help these firms to stay competitive in the market and garner a greater market share. It will enlighten the stakeholders about the benefits of embracing patient engagement technology. The study analyzes the total economic impact (TEI) of patient engagement technology on organizations and highlights the enabling value of a technology in increasing the effectiveness of overall business processes.

Firms purchasing the report could use the below-mentioned information for strategy development, market penetration, product development/innovation, and strengthening respective market shares.

The report provides insights on the following pointers:

• Pricing assessment: This section contains comprehensive information on pricing of patient engagement technology with breakdown into various cost components such as licensing fees, implementation fees, annual license maintenance fees, up-gradation and integration fees, and consulting fees

• Hospitals buying behavior assessment: This section provides insights into the adoption trend of patient engagement technology in the hospital setting. The section analyses hospital buying behavior taking into account the size of the hospital and considering the role of key stakeholders in the hospital. It provides insights on major use cases of physicians and patients.

• End-user market potential analysis: This section dissects the potential of various end-user segments and provides insights to stakeholders as to which end-user segments are most lucrative for investment

• Vendor replacement trends: This section provides exhaustive information on vendor replacement trends for patient engagement technology

• Factors triggering replacement trends: Several factors are responsible for the replacement of vendor of patient engagement technology. This section provides a deep dive into such factors.

• Role of mobile in patient engagement: This section provides detailed information on current implementation status (2019) of mobile technology used for patient engagement against various applications.

• Selection criteria for patient engagement technology (provider perspective): This section provides an in-depth assessment of critical factors that providers perceive as most important or less important while purchasing a patient engagement technology.

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 MARKET DEFINITION
• 1.2 RATIONALE FOR THE ADOPTION OF PATIENT ENGAGEMENT SOLUTIONS

2 RESEARCH METHODOLOGY

• 2.1 RESEARCH METHODOLOGY STEPS
• 2.2 DATA TRIANGULATION METHODOLOGY
• 2.3 PRIMARY RESEARCH - SAMPLING FRAME

3 EXECUTIVE SUMMARY

4 FORCE-FIELD ANALYSIS

• 4.1 DRIVING FORCES
• 4.2 RESTRAINING FORCES

5 MARKET OVERVIEW

6 END-USER MARKET POTENTIAL ANALYSIS

• 6.1 MAJOR USE CASES OF PATIENT ENGAGEMENT TECHNOLOGY (PHYSICIAN PERSPECTIVE)
• 6.2 MAJOR USE CASES OF PATIENT ENGAGEMENT TECHNOLOGY (PATIENT PERSPECTIVE)

7 HOSPITAL BUYING BEHAVIOR ASSESSMENT

• 7.1 INTRODUCTION
• 7.2 BY HOSPITAL SIZE
• 7.3 BY ROLE

8 PRICING ANALYSIS OF PATIENT ENGAGEMENT SOLUTIONS

• 8.1 INTRODUCTION
• 8.2 LICENSING FEES
• 8.3 IMPLEMENTATION FEES
• 8.4 ANNUAL LICENSE MAINTENANCE FEES
• 8.5 UPGRADATION AND INTEGRATION FEES
• 8.6 CONSULTING FEES

9 REPLACEMENT TRENDS FOR PATIENT ENGAGEMENT SOLUTIONS (QUALITATIVE ASSESSMENT)

• 9.1 REPLACEMENT TRENDS
• 9.2 FACTORS TRIGGERING VENDOR REPLACEMENT

10 ROLE OF MHEALTH IN PATIENT ENGAGEMENT

• 10.1 IMPORTANCE OF MHEALTH IN THE PATIENT ENGAGEMENT
• 10.2 IMPLEMENTATION STATUS OF MOBILE HEALTH SOLUTIONS

11 SELECTION CRITERIA FOR PATIENT ENGAGEMENT SOLUTIONS (PROVIDER PERSPECTIVE)

• 11.1 INTRODUCTION
• 11.2 COST OF PATIENT ENGAGEMENT SOLUTIONS
• 11.3 INTEGRATION CAPABILITIES
• 11.4 VENDOR REPUTATION
• 11.5 ACCESSIBILITY AND EASE OF USE
• 11.6 ALIGNED FUNCTIONALITY
• 11.7 SECURITY
• 11.8 INTEGRATED VALUE-BASED CARE PROGRAMS

12 RECENT DEVELOPMENTS

LIST OF TABLES

• TABLE 1: PRIMARY RESEARCH (INTERVIEWS) - SAMPLING FRAME
• TABLE 2: CALCULATION FOR DRIVERS
• TABLE 3: CALCULATION FOR RESTRAINTS
• TABLE 4: GLOBAL PATIENT ENGAGEMENT TECHNOLOGY MARKET, BY COMPONENT, 2017-2024 (USD MILLION)
• TABLE 5: GLOBAL PATIENT ENGAGEMENT SOFTWARE MARKET, BY TYPE, 2017-2024 (USD MILLION)
• TABLE 6: GLOBAL PATIENT ENGAGEMENT TECHNOLOGY MARKET, BY APPLICATION, 2017-2024 (USD MILLION)
• TABLE 7: GLOBAL PATIENT ENGAGEMENT TECHNOLOGY MARKET, BY THERAPEUTIC AREA, 2017-2024 (USD MILLION)
• TABLE 8: GLOBAL PATIENT ENGAGEMENT TECHNOLOGY MARKET, BY DELIVERY MODE, 2017-2024 (USD MILLION)
• TABLE 9: MAJOR USE CASES OF PATIENT ENGAGEMENT TECHNOLOGY FOR PHYSICIANS
• TABLE 10: MAJOR USE CASES OF PATIENT ENGAGEMENT TECHNOLOGY FOR PATIENTS
• TABLE 11: PRICING ANALYSIS OF PATIENT ENGAGEMENT SOLUTIONS
• TABLE 12: FACTORS SUPPORTING MOBILE HEALTH MARKET GROWTH
• TABLE 13: DEPLOYMENTS
• TABLE 14: COLLABORATIONS/PARTNERSHIPS
• TABLE 15: ACQUISITIONS

LIST OF FIGURES

• FIGURE 1: FORCE-FIELD ANALYSIS
• FIGURE 2: END-USER POTENTIAL ANALYSIS
• FIGURE 3: PURCHASE INTENTION, BY HOSPITAL SIZE
• FIGURE 4: PURCHASE INTENTION, BY ROLE
• FIGURE 5: PRICING COMPONENTS
• FIGURE 6: REPLACEMENT TRENDS
• FIGURE 7: FACTORS AFFECTING REPLACEMENT TRENDS
• FIGURE 8: IMPLEMENTATION STATUS OF MOBILE HEALTH SOLUTIONS FOR PATIENT ENGAGEMENT (2019)
• FIGURE 9: SELECTION CRITERIA FOR PATIENT ENGAGEMENT SOLUTIONS