Global Patient Engagement Software Market Overview:
Patient engagement refers to anything that enables healthcare institutions to establish communication with their patients using patient portal online software’s. Patient engagement is not just about engaging technology but it is also ensuring patient satisfaction. Patient engagement software is a fast-growing segment of the larger medical software marketplace. The software is an electronic system designed to communicate with patients, provide educational resources, or manage the patient-provider relationship. The best patient engagement software combines aspects of practice management software, medical billing software, marketing automation, and customer relationship management software (CRM) systems, healthcare IT systems.
- Demand for improved quality patient care
- Growing number of aging population
- Affordable Care Act (ACA) by United States
- Good incentives by various Government policies leading to adoption of HCIT (Health care Information Technology) and patient engagement solutions.
- Increasing investments in the healthcare IT sector coupled with the rising demand for mobile healthcare software for patient care.
- Absence of health literacy and lack of skilled IT professionals across the healthcare industry may contribute to factors that may restraint the market.
- Digital software technologies such as telehealth, e-health and m-health, EMR and social media is providing an opportunity to the manufactures of this market.
- Lack of investments in health care and awareness among physicians about patient engagement software, how the software fits into their practice.
The market is fragmented by having intense competition among key players. The players in the industry hold Key technologies and patents with high-end customers. The numbers of manufacturers are expected to increase in the forecast period by forming the global market channel in the industry.
Some of the key players profiled in the report are Cerner Corp.(United States), IBM (United States), Epic Systems (United States), McKesson Corp. (United States), Athenahealth (United States), Allscripts (United States), Healthagen (United States), GetWellNetwork (United States), Me decision (United States), Lincor Solutions (Ireland), Orion Health (Newzealand) and Get Real (United States). Additionally, following companies can also be profiled that are part of our coverage like Oneview (United States), Patient Point (United States) and Visiontree (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Patient Engagement Software market by 2025. Considering Market by Software Type, the sub-segment i.e. NextGen Population Health will boost the Patient Engagement Software market. Considering Market by End user, the sub-segment i.e. Payers will boost the Patient Engagement Software market. Considering Market by Therapeutic areas, the sub-segment i.e. Chronic diseases will boost the Patient Engagement Software market.
Latest Market Insights:
In August 2018, Best Hospitals like Northwestern Memorial Hospital in the United States chose UbiCare Smart XP technology for patient engagement to activate patients low care costs and improve patient outcomes. and In August 2018, Vision tree was awarded as ‘2018 Company of the year’-Patient Engagement. The company has launched the VisionTree Optimal Care (VTOC), cloud-based platform software which is evolved to a robust, modular and interoperable enterprise solution delivering outcomes-driven patient engagement.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Patient Engagement Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Patient Engagement Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Patient Engagement Software Manufacturers, Healthcare IT manufacturers, Platform providers, Physicians, Government and Regulatory Bodies and Pharmaceutical and Biotechnology Companies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.