Market Research Report
Patient Engagement Solutions Market: Current Analysis and Forecast (2021-2027)
|Published by||UnivDatos Market Insights Pvt Ltd||Product code||1008371|
|Published||Content info||226 Pages
Delivery time: 1-2 business days
|Patient Engagement Solutions Market: Current Analysis and Forecast (2021-2027)|
|Published: May 31, 2021||Content info: 226 Pages||
Patient engagement describes as a situation where patients are well-informed about all the possible treatment, recuperation, medication choices, and all additional systems that are applicable for their medical care which will promote better health effects. For instance, according to the Health Affairs study of 60,185 patients were divided into two groups. One group obtained "usual" assistance from health trainers, while the other group obtained "enhanced" assistance. The study created patient engagement effects across various metrics. The patients who received enhanced support instead of usual support has 5.3% lower total medical costs, 12.5% lower inpatient admissions, 2.6% lower ER visits, 9.9% lower Surgeries, and 10.9% lower Heart surgeries. From this study, it's evident that patients and providers get a positive impact on healthcare costs and patient results through patient engagements. Also, Patient engagement is not constantly simple. As per a survey of 555 healthcare leaders and clinicians, 63% said that "time investment by healthcare team" is the biggest challenge in building patient engagement into care delivery.
Healthcare providers have long recognized the value of patient engagement for benefit of the patient's health. Although the idea of "patient engagement" might not be new, what is new is the significant role of technology on patient engagement. As patient engagement is witnessing the highest growth within the use of technology. For illustration, as per Google and Pew Research Center that supports the impact of technology on patient engagement says 4.7 billion searches seek healthcare information, and 1 out of 20 Google searches is for health-related information. Also, 80% of Internet users obtain health information online, 77% of patients prior search about physicians before booking an appointment and 66% of consumers look online for information about a specific disease or medical problems.
Based on Components, the market is fragmented into Hardware, Software, and Solution. The Software segment generated the highest revenue in 2020 as the demand of software is increasing owing to the rising adoption of latest technology enabled solutions. The market is expected to grow at a significant rate during the forecast period.
Based on Delivery Mode, the market is fragmented into Cloud-based, On-premises, and Web-Based. The Cloud-Based segment accounted for the major revenue portion in 2020. As, the Companies such as Qualcomm Life Inc., Opzoon Technology Co., Ltd., and Fibocom Wireless Inc. are involved in the sales of wireless and cloud-based technology products used in the healthcare industry.
Based on Applications, the market is fragmented into Health Management, Home Health Management, Social and Behavioral Health Management, Financial Health Management, Telemedicine, and Others. The Health Management segment accounted for the major revenue portion in 2020. The sector is anticipated to observe significant growth in the upcoming years Segment as it provides rapid response and improved patient obedience for providing healthcare facilities.
Based on Therapeutic Area, the market is fragmented into Chronic Diseases, Fitness, Women's Health, and Others. The Chronic Diseases segment is anticipated to observe lucrative growth. As during Chronic conditions the patients could connect with their healthcare providers from remote locations and allowing them to get the streamlined flow of information, patient feedback, and other health-related data.
Based on End-user, the market is fragmented into Providers, Payers, Patients, and Others. The Providers segment is anticipated to observe lucrative growth. As providers are not only concentrating on growing their infrastructure but also trying to improve it. So, that Patients can get easy access to healthcare facilities in an efficient manner.
For a better understanding of the market adoption of the patient engagement solutions, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC), and Rest of World. North America constitutes a major market for the Patient Engagement Solution industry and generated the maximum revenue in 2020 owing to the presence of key companies and healthcare infrastructure with the highest spendings on healthcare.
Some of the major players operating in the market include Medtronic, Allscripts Healthcare LLC, McKesson Corporation, IBM, Athena Health, Orion Health, Cerner Corporation, Harris Healthcare, OneView Healthcare, and Curemd Healthcare. Several M&As along with partnerships have been undertaken by these players to develop the Patient Engagement Solutions Market.
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 TOP START-UPS UNDER PATIENT ENGAGEMENT SOLUTIONS SECTOR
6 GLOBAL PATIENT ENGAGEMENT SOLUTIONS AMID COVID-19
7 GLOBAL PATIENT ENGAGEMENT SOLUTIONS MARKET REVENUE (USD BN), 2019-2027F
8 MARKET INSIGHTS BY COMPONENT
9 MARKET INSIGHTS BY DELIVERY MODE
10 MARKET INSIGHTS BY APPLICATION
11 MARKET INSIGHTS BY THARAPEUTIC AREA
12 MARKET INSIGHTS BY END-USER
13 MARKET INSIGHTS BY REGION
14 DEMAND AND SUPPLY SIDE ANALYSIS
15 VALUE CHAIN ANALYSIS
16 PATIENT ENGAGEMENT SOLUTIONS MARKET TRENDS
17 PATIENT ENGAGEMENT SOLUTIONS MARKET DYNAMICS
18 PATIENT ENGAGEMENT SOLUTIONS MARKET OPPORTUNITIES
19 COMPETITIVE SCENARIO
20 COMPANY PROFILED