The global Patient Engagement Solutions market size is projected to reach US$ 39070 million by 2026, from US$ 12190 million in 2019, at a CAGR of 18.1% during 2021-2026. Patient engagement solutions enable healthcare providers to make better decisions regarding a patient’s health, by allowing collaboration with patients in the decision-making process. This improves the patient-provider relationship, and overall patient retention.
The report includes a country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of revenue for the period 2015-2026.
Implementation of government regulations and initiatives to promote patient-centric care is expected to drive the patient engagement solution market size. Patient engagement is viewed as a key to improved health outcomes and lower healthcare costs by governments across regions. Patient engagement techniques that are well-designed can also improve the patient experience by allowing patients to become more active participants in their own care.
Patient engagement solutions enable providers to care for their patients remotely and mediate any small care needs, they can prevent their patients from falling seriously ill in the long run. Ultimately, this reduces the likelihood that patients will be faced with major healthcare costs. Furthermore, patient engagement help streamline operations and increase communication thereby reducing appointment cancellations and help generate more revenue for the care providers. This advantage is, in turn, expected to increase the growth of the patient engagement solution market.
In the last several years, global market of Patient Engagement Solutions developed rapidly, with an average growth rate of 18.1 %. In 2016, global revenue of Patient Engagement Solutions is nearly 6.1 billion USD. Major factors driving the patient engagement solutions market are legislative reforms of the Affordable Care Act (ACA) in the US, demand for improved quality of care, rise in aging population, and incentives by various governments for adoption of HCIT and patient engagement solutions.
Patient Engagement Solutions Market Segments
On the basis of delivery mode, the patient engagement solutions market is segmented into web-based, cloud-based, and on-premise solutions. The cloud-based solutions segment is expected to command the largest share of the global patient engagement solutions market in 2016 and the revenue market share in about 75%. However, the market for cloud-based solutions is expected to witness the highest growth rate, owing to the higher flexibility, scalability, and affordability offered by these solutions.
Patient Engagement Solutions Market Data by Type
On the basis of applications, the market is segmented into health management, social and behavioral management, home health management, and financial management. The health management segment is expected to command the largest share of the global patient engagement solutions market in 2016 and the market share is about 47.5%.
Patient Engagement Solutions Market Data by Application
Social and Behavioral Management
Home Health Management
Financial Health Management
Patient Engagement Solutions Market: Regional and Country-Level Analysis
North America region is the largest supplier of Patient Engagement Solutions, with a revenue market share of nearly 48.4% in 2016. Europe is the second-largest supplier of Patient Engagement Solutions, enjoying a revenue market share of nearly 30.1% in 2016.
North America is the largest sales place, with a sales market share of nearly 42.1% in 2016. Following North America, Europe is the second-largest sales place with a sales market share of 33.5%.
The report offers an exhaustive geographical analysis of the global Patient Engagement Solutions market, covering important regions, viz, North America, Europe, China, Japan, Southeast Asia, India and Central & South America. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc.
Market competition is intense. Cerner Corporation, IBM, Epic Systems, McKesson Corporation, etc. are the leaders of the industry. They hold the key technologies and patents, with high-end customers. They have formed global market channel of the industry. However, with the future expanding market, there will be more manufacturers in the future.
In the competitive analysis section of the report, leading as well as prominent players of the global Patient Engagement Solutions market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Patient Engagement Solutions market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Patient Engagement Solutions market.
Major Players in the Patient Engagement Solutions Market Report
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Patient Engagement Solutions Revenue
1.4 Market Analysis by Type
1.4.1 Global Patient Engagement Solutions Market Size Growth Rate by Type: 2020 VS 2026
1.5 Market by Application
1.5.1 Global Patient Engagement Solutions Market Share by Application: 2020 VS 2026
1.5.2 Health Management
1.5.3 Social and Behavioral Management
1.5.4 Home Health Management
1.5.5 Financial Health Management
1.6 Coronavirus Disease 2019 (Covid-19): Patient Engagement Solutions Industry Impact
1.6.1 How the Covid-19 is Affecting the Patient Engagement Solutions Industry
18.104.22.168 Patient Engagement Solutions Business Impact Assessment - Covid-19
22.214.171.124 Supply Chain Challenges
126.96.36.199 COVID-19’s Impact On Crude Oil and Refined Products
1.6.2 Market Trends and Patient Engagement Solutions Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
188.8.131.52 Government Measures to Combat Covid-19 Impact
184.108.40.206 Proposal for Patient Engagement Solutions Players to Combat Covid-19 Impact