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Published Date: 2016-01-11Number of Pages: 104

Patient Engagement Solutions Market (Delivery Mode: Self-hosted, Software as a Service (SaaS), Application Managed Services; End-users: Hospitals & Providers, Healthcare Payers, Pharmaceutical Companies) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Patient engagement solutions are designed to obtain improved health outcomes of patients by including advanced IT services and electronic devices in their medical regimen. These solutions engage patients in their healthcare decision-making process and this results in better and healthier healthcare outcomes. In order to deliver quality healthcare services and mitigate rising healthcare costs, patient engagement solutions are backed by hospitals and healthcare organizations along with healthcare payers. The need of patient engagement solutions is to build up the relationship between healthcare providers and patients to promote active participation toward self-care and strengthen the decision-making process individually and collectively.

Patient engagement solutions provide services such as medication/appointment reminders, lab reports, and healthcare tips. This helps patients reduce risks to their health and re-admission to the hospitals. Furthermore, these services reduce the financial pressure from healthcare payers and provide valuable medical feedback related to medicines to the pharmaceutical companies.

This research study, entitled “Patient Engagement Solutions Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2015 – 2023,” provides strategic analysis of the global patient engagement solutions market, along with the market growth (size in US$ Bn*) forecast for the period from 2015 to 2023. The report includes an in-depth analysis of the market drivers, restraints, and industry trends. It also highlights the significant growth opportunities for patient engagement solutions in the next few years.

The research report provides a comprehensive assessment of stakeholder strategies, and the imperatives for succeeding in the patient engagement solutions market. The report includes competitive analysis of various market segments based on delivery mode and end-users of patient engagement solutions, and in-depth cross-sectional scrutiny across different geographical segments of the patient engagement solutions market. In order to aid in strategic decision-making, the report also includes the winning strategies adopted by key players operating in the patient engagement solutions market. The report segregates the patient engagement solutions market based on different geographies into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

For detailed understanding of the patient engagement solutions market, all these segments have also been estimated in terms of revenue (US$ Bn) for the geographies mentioned above. The market research study analyzes the patient engagement solutions market worldwide, and provides historical revenue estimates in terms of US$ Bn for the years 2013 and 2014, along with the market forecast for the period from 2015 to 2023. Market forecasts have been analyzed considering the impact of various economic, political, social, legal, and technological factors influencing market growth.

The patient engagement solutions market is segmented as follows:

Patient Engagement Solutions Market, by Delivery Mode

  • Self-hosted
  • Software as a Service (SaaS)
  • Application Managed Services

Patient Engagement Solutions Market, by End-users

  • Hospitals & Providers
  • Healthcare Payers
  • Pharmaceutical Companies

Patient Engagement Solutions Market by Geography

  • North America
    • The U.S.
    • Rest of North America
  • Europe
    • EU7
    • CIS
    • Rest of Europe
  • Asia-Pacific (APAC)
    • Japan
    • China
    • Australasia
    • Rest of APAC
  • Middle East and Africa (MEA)
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Rest of Latin America

1. Preface
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology

2. Executive Summary
2.1. Global Patient Engagement Solutions Market Snapshot
2.2. Market Dynamics
2.3. Global Patient Engagement Solutions Market Revenue Analysis, 2013 – 2023 (US$ Bn) and Year-on-Year Growth (%)

3. Global Patient Engagement Solutions Market Analysis, 2013 – 2023 (US$ Bn)
3.1. Overview
3.2. Market Dynamics
       3.2.1. Drivers
       3.2.2. Restraints
       3.2.3. Opportunities
3.3. Key Trends Analysis
3.4. Global Patient Engagement Solutions Market Analysis, By Delivery Mode, 2013 – 2023 (US$ Bn)
       3.4.1. Overview
                3.4.1.1. Segment Share, 2014 & 2023 (%)
       3.4.2. Self-hosted
       3.4.3. Software as a Service (SaaS)
       3.4.4. Application Managed Services
3.5. Global Patient Engagement Solutions Market Analysis, By End-users, 2013 – 2023 (US$ Bn)
       3.5.1. Overview
                3.5.1.1. Segment Share, 2014 & 2023 (%)
       3.5.2. Hospitals & Providers
       3.5.3. Healthcare Payers
       3.5.4. Pharmaceutical Companies
3.6. Competitive Landscape
       3.6.1. Market Positioning of Key Players, 2014
       3.6.2. Competitive Strategies Adopted by Leading Players

4. North America Patient Engagement Solutions Market Analysis, 2013 – 2023 (US$ Bn)
4.1. Overview
4.2. North America Patient Engagement Solutions Market Analysis, By Delivery Mode, 2013 – 2023 (US$ Bn)
       4.2.1. Overview
                4.2.1.1. Segment Share, 2014 & 2023 (%)
       4.2.2. Self-hosted
       4.2.3. Software as a Service (SaaS)
       4.2.4. Application Managed Services
4.3. North America Patient Engagement Solutions Market Analysis, By End-users, 2013 – 2023 (US$ Bn)
       4.3.1. Overview
                4.3.1.1. Segment Share, 2014 & 2023 (%)
       4.3.2. Hospitals & Providers
       4.3.3. Healthcare Payers
       4.3.4. Pharmaceutical Companies
4.4. North America Patient Engagement Solutions Market Analysis, By Country, 2013 – 2023 (US$ Bn)
       4.4.1. Overview
                4.4.1.1. Segment Share, 2014 & 2023 (%)
       4.4.2. U.S.
       4.4.3. Rest of North America

5. Europe Patient Engagement Solutions Market Analysis, 2013 – 2023 (US$ Bn)
5.1. Overview
5.2. Europe Patient Engagement Solutions Market Analysis, By Delivery Mode, 2013 – 2023 (US$ Bn)
       5.2.1. Overview
                5.2.1.1. Segment Share, 2014 & 2023 (%)
       5.2.2. Self-hosted
       5.2.3. Software as a Service (SaaS)
       5.2.4. Application Managed Services
5.3. Europe Patient Engagement Solutions Market Analysis, By End-users, 2013 – 2023 (US$ Bn)
       5.3.1. Overview
                5.3.1.1. Segment Share, 2014 & 2023 (%)
       5.3.2. Hospitals & Providers
              5.3.3. Healthcare Payers
5.3.4. Pharmaceutical Companies
5.4. Europe Patient Engagement Solutions Market Analysis, By Country, 2013 – 2023 (US$ Bn)
       5.4.1. Overview
                5.4.1.1. Segment Share, 2014 & 2023 (%)
       5.4.2. EU7 (UK, Italy, Spain, France, Germany, Belgium, and Netherlands)
       5.4.3. CIS
       5.4.4. Rest of Europe

6. Asia Pacific Patient Engagement Solutions Market Analysis, 2013 – 2023 (US$ Bn)
6.1. Overview
6.2. Asia Pacific Patient Engagement Solutions Market Analysis, By Delivery Mode, 2013 – 2023 (US$ Bn)
       6.2.1. Overview
                6.2.1.1. Segment Share, 2014 & 2023 (%)
       6.2.2. Self-hosted
       6.2.3. Software as a Service (SaaS)
       6.2.4. Application Managed Services
6.3. Asia Pacific Patient Engagement Solutions Market Analysis, By End-users, 2013 – 2023 (US$ Bn)
       6.3.1. Overview
                6.3.1.1. Segment Share, 2014 & 2023 (%)
       6.3.2. Hospitals & Providers
       6.3.3. Healthcare Payers
       6.3.4. Pharmaceutical Companies
6.4. Asia Pacific Patient Engagement Solutions Market Analysis, By Country, 2013 – 2023 (US$ Bn)
       6.4.1. Overview
                6.4.1.1. Segment Share, 2014 & 2023 (%)
       6.4.2. Japan
       6.4.3. China
       6.4.4. South East Asia
       6.4.5. Rest of APAC

7. Middle-East & Africa (MEA) Patient Engagement Solutions Market Analysis, 2013 – 2023 (US$ Bn)
7.1. Overview
7.2. MEA Patient Engagement Solutions Market Analysis, By Delivery Mode, 2013 – 2023 (US$ Bn)
       7.2.1. Overview
                7.2.1.1. Segment Share, 2014 & 2023 (%)
       7.2.2. Self-hosted
       7.2.3. Software as a Service (SaaS)
       7.2.4. Application Managed Services
7.3. MEA Patient Engagement Solutions Market Analysis, By End-users, 2013 – 2023 (US$ Bn)
       7.3.1. Overview
                7.3.1.1. Segment Share, 2014 & 2023 (%)
       7.3.2. Hospitals & Providers
       7.3.3. Healthcare Payers
       7.3.4. Pharmaceutical Companies
7.4. MEA Patient Engagement Solutions Market Analysis, By Country, 2013 – 2023 (US$ Bn)
       7.4.1. Overview
                7.4.1.1. Segment Share, 2014 & 2023 (%)
       7.4.2. GCC Countries
       7.4.3. North Africa
       7.4.4. Southern Africa
       7.4.5. Rest of MEA

8. Latin America Patient Engagement Solutions Market Analysis, 2013 – 2023 (US$ Bn)
8.1. Overview
8.2. Latin America Patient Engagement Solutions Market Analysis, By Delivery Mode, 2013 – 2023 (US$ Bn)
       8.2.1. Overview
                8.2.1.1. Segment Share, 2014 & 2023 (%)
       8.2.2. Self-hosted
       8.2.3. Software as a Service (SaaS)
       8.2.4. Application Managed Services
8.3. Latin America Patient Engagement Solutions Market Analysis, By End-users, 2013 – 2023 (US$ Bn)
       8.3.1. Overview
                8.3.1.1. Segment Share, 2014 & 2023 (%)
       8.3.2. Hospitals & Providers
       8.3.3. Healthcare Payers
       8.3.4. Pharmaceutical Companies
8.4. Latin America Patient Engagement Solutions Market Analysis, By Country, 2013 – 2023 (US$ Bn)
       8.4.1. Overview
                8.4.1.1. Segment Share, 2014 & 2023 (%)
       8.4.2. Brazil
       8.4.3. Rest of Latin America

9. Company Profiles
9.1. McKesson Corporation
9.2. Allscripts, Inc.
9.3. Medecision, Inc.
9.4. Cerner Corporation
9.5. Phytel, Inc.
9.6. Axial Exchange
9.7. Orion Health
9.8. Emmi Solutions LLC
9.9. Athenahealth, Inc.
9.10. GetWellNetwork, Inc.

The rising demand for high-quality healthcare services is driving the growth of patient engagement solutions market, which is anticipated to expand at a CAGR of 23% during the forecast period from 2015 to 2023. The global patient engagement solution market was valued at US$ 6.66 Bn in 2014. The implementation of new government reforms with an emphasis on patient-centric and quality healthcare services has significantly increased the adoption of patient engagement services among healthcare providers and payers. Along with this, the ease of accessibility provided by the latest smartphones and tablets has fueled the growth of the patient engagement solutions market.

The inclusion of IT in healthcare services has played an important role in improving the operations of hospitals and healthcare organizations. Patient-oriented software and m-health applications are tools for patients to maintain their health and manage their medical regimen. The substitution of paper-based health records by electronic health records is observed as a key trend in transforming the global healthcare services market. Alongside this, the limited number of patient beds and the growth of the aging population have played a crucial role in the adoption of patient engagement solutions by hospitals and healthcare providers. Furthermore, this has played a major role in reducing patient re-admissions to hospitals. 

The patient engagement solutions market is segmented on the basis of delivery mode and end-users. On the basis of delivery mode the market is further segmented into self-hosted, software as a service (SaaS), and application managed services. In 2014, self-hosted solutions were the most preferred form. However, the application managed services segment is expected to expand at a substantial CAGR over the forecast period. This growth will be majorly dependent on the ease of access and on-the-go services provided by smartphones and PDAs. On the basis of end-users, the patient engagement solutions market is segmented into hospitals and providers, healthcare payers, and pharmaceutical companies. In 2014, hospitals and healthcare providers were the major users of patient engagement solutions. However, the pharmaceutical companies segment is expected to show promising growth during the forecast period, as a large number of companies are expected to refer to patient engagement solutions to meet their R&D requirements and curb the huge investment incurred. The increased interest in these solutions from pharmaceuticals is owing to the medical feedback obtained from patients and physicians about the prescribed drugs/medicines from patient engagement solutions, which plays an important role for these companies in improving the medicines and pipeline their R&D needs. 

Currently, North America is expected to emerge as the largest market for patient engagement solutions, worldwide. Growth of the patient engagement solutions market in the region is mainly supported by government reforms and increased demand for quality healthcare services. Along with this, incentive-based payments for healthcare organizations and payers is driving the growth of this market in the region. 

The patient engagement solutions market is fragmented in nature, with many global and local companies present. The prominent strategies adopted by key players in the patient engagement solutions market are expansion of their businesses globally and further domestic market penetration in order to address the varying and increasing requirements of the customers. For instance, Cerner Corporation is focused on engaging with other key companies to further penetrate the patient engagement solutions market. Recently, company has made several strategic collaborations with the companies such as Qualcomm Inc., Geisinger Health System, and XG Health Solutions. These partnerships are aimed at developing new patient healthcare solutions that meet users’ requirements and are lower in cost.

Key players in the patient engagement solutions market include McKesson Corporation, Axial Exchange Inc., Medecision, Inc., Phytel, Inc. (An IBM Company), Emmi Solutions, LLC, Allscripts Healthcare Solutions, GetWellNetwork Inc., Orion Health Ltd., and Athena Health, Inc.

 

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