Global Patient Engagement Solutions Market Overview:
Patient engagement solution is designed to help patients manage their healthcare data and improves financial and operations efficiency. Market players are focusing on technological development. For instance, Heathered a Patient Engagement Management platform provider launched a new Heathered Life Portfolio’ (HELIO), a beta version of a new blockchain-based mobile app for patients. Further, growing healthcare infrastructure in emerging economies and increasing patient pool driving the demand for patient engagement solutions.
As per latest study released by AMA Research, the Global Patient Engagement Solutions market is expected to see growth rate of 17.2%Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Rise in Aging Population
- Rising Demand for Mobile Health Solutions
- Increasing Government Initiatives to Promote Digitization in Healthcare Sector
Roadblocks
- High Deployment Cost of Patient Engagement Software
- Lack Of Skilled IT Professionals in the Healthcare Industry
Opportunities
- Rising Demand of Patient Specific Solution
- Growing Demand for Wearable Healthcare Technology
- Increasing Demand from Emerging Economies Owing to Growing Healthcare Infrastructure
Challenges
- Data Safety and Security Concerns Associated with Patient Engagement Solutions
Competitive Landscape:
Number of players are present in the market hence fragmented nature of the market. Market players are focusing on technological developments to provide advanced patient engagement solutions. For instance, Allina Health announces a simple and secure way for iPhone users to access medical data from multiple healthcare providers into one place. Further, increasing demand from emerging economies generating lucrative opportunities for the companies providing patient engagement solution.
Some of the key players profiled in the report are McKesson Corporation (United States), Cerner Corporation (United States), Allscripts (United States), IBM (United States), Allina Health (United States), Orion Health (New Zealand) (United States), Getwell Network (United States), Lincor Solutions (Ireland), Yourcare Universe (United States), WelVU (United States), Get Real Health (United States) and Oneview Healthcare (United States). Additionally, following companies can also be profiled that are part of our coverage like Luma Health (United States), Athenahealth (United States) and Healthereum (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Patient Engagement Solutions market by 2027. Considering Market by End User , the sub-segment i.e. Providers will boost the Patient Engagement Solutions market. Considering Market by Component , the sub-segment i.e. Hardware will boost the Patient Engagement Solutions market. Considering Market by Therapeutic Area , the sub-segment i.e. Chronic Diseases will boost the Patient Engagement Solutions market. Considering Market by Delivery Mode , the sub-segment i.e. On–Premise Solutions will boost the Patient Engagement Solutions market.
26th March 2019, Allscripts Healthcare Solutions Inc. announced that it is patient engagement platform, FollowMyHealth enters in partnership with Ephraim McDowell Health.
What Can be Explored with the Patient Engagement Solutions Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Patient Engagement Solutions Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Patient Engagement Solutions
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Patient Engagement Solutions 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 Solutions 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 Healthcare Institutions [Hospitals, Medical Groups, Physician Practices, Diagnostic Centers, Pharmacies, Ambulatory Centers, and Outpatient Clinics], Healthcare Insurance Companies/Payers, Healthcare IT Service Providers, Venture Capitalists, Government Bodies, Corporate Healthcare Entities and Accountable Care Organizations.
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.