The Infinium Global Research analyzes the Patient Engagement Solutions Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global patient engagement solutions market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of patient engagement solutions. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the patient engagement solutions market during the period. The global patient engagement solutions market is projected to grow at a CAGR of 23.3% over the forecast period of 2018-2024.
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Patient engagement solutions and services enable healthcare service providers to better reach and engage patients. Patient engagement system allows healthcare service providers to build loyalty and increase new patients’ visits with automated reminders, easy automatic options, and many more other services. These solutions outreach patients via text, phone, and email to remind patients of their appointments and balances as well as to bring their referral paperwork. In addition, these solutions are also used to wish patients on their birthdays. This practice not only increases patient’s satisfaction of current patients but also appeals to future patients.
Rising Demand for Better Healthcare Facilities, and Increasing Government Initiatives are the Major Factors Driving the Growth of Patient Engagement Solutions
Patient engagement solution offers hospital or clinics with better customer retention competence at the same time it helps them to treat patients in the most effective way possible. Furthermore growing investments by healthcare IT players, rising demand for better healthcare facilities, and increasing government initiatives are the major factors driving the growth of patient engagement solutions. As the patient engagement technology runs on a conjoint platform, healthcare firms are heading towards automated processes, which provide an improved response, agility and cost efficiency. Technological advancement and access to big data in the healthcare industry are strengthening the growth of the patient engagement solutions market.
However, Lack of interoperability is likely to hamper the growth of the patient engagement solutions market. Furthermore, an increase in retail insurance system is further anticipated to create several growth opportunities for the key players in the patient engagement solution market. On the other hand, to fulfill the consumer expectations many healthcare organizations are rearranging themselves in terms of service, quality, and cost.
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North America Dominated the Global Patient Engagement Solutions Market
Among the geographies, North America dominated the global patient engagement solutions market. The growth in the North American region is due to the increasing IT sector along with the increasing demand for mobile healthcare options. Moreover, National Health Services (NHS) is a publically funded system in the UK which are propelling the patient engagement solutions in the European region. The Asia Pacific is anticipated to experience the fastest growth owing to the increasing population and rising disposable income for improves healthcare solutions. China and India are anticipated to be the fastest growing markets in the Asia-Pacific region.
Patient Engagement Solutions Market: Segmentation
The report on global patient engagement solutions market covers segments such as deployment mode, component, and end-users. On the basis of deployment model, the global patient engagement solutions market is categorized into on-premise, cloud, and web-based. On the basis of a component, the global patient engagement solutions market is categorized into hardware, software, and services. On the basis of end-users, the global patient engagement solutions market is categorized into hospitals & providers, healthcare payers, and pharmaceutical companies.
Key Players in the Patient Engagement Solutions Market
The report provides profiles of the companies in the global patient engagement solutions market such as Phytel, Inc., McKesson Corporation, Cerner Corporation, Athenahealth, Inc., Allscripts Healthcare Solutions, Inc., MEDecision, Inc., GetWellNetwork, Inc., YourCareUniverse, Inc., Lincor Solutions Ltd., and Orion Health Ltd.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the patient engagement solutions.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research– Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.