Global Patient Engagement Solutions Market: Snapshot

Patient engagement is a solution towards enabling healthcare institutions in establishing some form of communication with their patients by the use of any form of patient portals. Patient engagement solutions aid patients in managing their healthcare data and allows improved interaction between the medical team and the patients. It is vital to provide necessary tools to the patients in order for them to participate actively in managing their own health. Enhanced access to healthcare providers of individual healthcare information enable patients to effectively deliver self-care. Additionally, these solutions are increasingly playing a significant role in ensuring patient satisfaction. Furthermore, the technology ensures safety and improves the service quality.

The rise in awareness regarding mobile health, the growing aging population coupled with the incentives and subsidies offered by governments across the world are providing a thrust to the global patient engagement market. However, the lack of health literacy could restrain the growth of the market to some extent. Additionally, the incrementing demand for value based drugs on account of the rise in peer pressure and dramatic shift in patient specific solution are expected to create greater opportunities for market vendors.

The global patient engagement solutions market stood at US$6.6 bn in 2014. With a remarkable 23.0% CAGR over 2015 and 2023, the forecast duration, the overall market is predicted to attain US$34.9 bn by the of the forecast period.

Pharmaceutical Enterprises to Emerge as Key User Segment

The global market for patient engagement solutions is studied based on the end-user and the delivery mode. On the basis of the delivery mode, the market is classified into self-hosted services, application-managed services, and software as a service (SaaS). Among the delivery-mode segments, the demand for self-hosted solutions is expected to increment considerably over the others. Additionally, the segment of application-managed services is prognosticated to demonstrate a swift rise over the upcoming year, due to its easy access and mobile services provided by this segment.

Based on the end-user, the market is segmented into healthcare providers, hospitals, pharmaceutical companies, and medical and healthcare payers. Among these, hospital and healthcare providers is envisaged to rise as the key end user of patient engagement solutions over the forthcoming years.

Pharmaceutical companies, on the other hand, are projected to witness promising opportunities of growth over the coming years, due to the large pool of pharmaceutical enterprises adopting patient engagement solutions so as to control the operational capital incurred, and meet the demands of their research requirements.

Asia Pacific to Witness Swift Growth Rate in Market due to Rising Industrialization

The global patient engagement solutions market is analyzed based on geographical segmentation into North America, South America, Europe, the Middle East and African, and Asia Pacific. Among these, North America presently leads the global market due to the growing number of governmental reforms and the rising demand for quality healthcare services. It is anticipated that this regional market is likely to remain dominant over the forthcoming years, on account of to the emergence of incentive-based payment methods.

Some of the key vendors operating in the global patient engagement solutions market are Emmi Solutions LLC, Cerner Corp., GetWellNetwork Inc., Medecision Inc., Axial Exchange, Athenahealth Inc., Allscripts Inc., Orion Health, Phytel Inc., and McKesson Corp.

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