Patient Engagement Solution Market: We’re Entering an Era! With Valuable Key Players Allscripts, Inc., Cerner Corporation, Conifer Health Solutions, Healthagen
Patient engagement solutions market is expected to witness upward growth during forecast period due to rising prevalence of chronic disease worldwide. Chronic disease such as cancer, cardiovascular disease, diabetes, asthma (chronic lung disease) results into significant deaths each year. According to World Health Organization data (WHO) in 2017, around 40 million people die annually due to chronic disease, which accounts for 70% of all deaths worldwide. Cardiovascular diseases are responsible for 17.7 million death annually, followed by cancers (8.8 million deaths), respiratory diseases (3.9million deaths), and diabetes (1.6 million deaths). Patient engagement solutions benefits the better clinical management of this disease by engaging patient about their health and in turn maintaining patient base for hospital or clinic.Increasing old age population worldwide is expected to further fuel patient engagement solutions market growth. According to the population Prospect report by United Nations in 2017, an estimated 962 million people were of age 60 or above, which accounted for 13% of the global population. By 2030, number of old people in the world is projected to be 1.4 billion, growing at annual rate of 3%. Various complications associated with old age can be better managed with PES. Advancement in big data analytics is expected to benefit the patient engagement solutions market, as it would help in management of vast data with precision in quality healthcare to individual.
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Patient Engagement Solution Market-Regional Insights
On the basis of geography, patient engagement solutions market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to lead the population health management system market due to various reasons. U.S. currently has one of highest per capita expenditure on healthcare accounting for US$ 9146, according to statistics given by World Economic Forum in 2016. This cost could be saved with the greater application of patient engagement solutions resulting in quality comprehensive care with reduced hospital admissions. This would also lower the burden on health care infrastructure with shortage of physicians and hospitals beds.
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It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
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