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Patient Engagement Solutions Market Exhibits Phenomenal 23.0% CAGR During 2015-2023
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As per Transparency Market Research (TMR), the global market for patient engagement solutions held an opportunity worth at US$6.66 bn in 2014. This market is likely to touch at least US$34.94 bn by 2023. The staggering growth in collection of revenue has been predicted to take place with a meteoric 23.0% CAGR from the period ranging between 2015 till 2023.
High engagement by the patient engagement solution to maintain their healthcare data could projected to drive the growth of this market in coming years. The patient engagement solution also offers improvised interaction among the medical team and the patient. This is one of the important factors positively influencing the growth of the market in near future. Technology advancement is another factor that helps the healthcare sector to provide necessary information to their patient in order to manage their health and to actively participate. Additionally, high demand for meaningful conversation among the patients and doctors is projected to drive the demand of the global market for patient engagement solution in near future.
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On the other hand, Increasing concern about maintain a privacy of data both in electronic forum as well as verbal form, could likely to hinder the growth of the global market for patient engagement solution. Moreover, increasing inclination of healthcare provider and patient involvement towards reimbursement process is likely to hamper the growth of the market in near future. While increasing government initiative and private organization to improve the quality service by doctor is likely to propel the opportunity of this market in coming years.
The study provides the global market for the patient engagement market in terms of geographical spread across the North America. Due to transformation of government reforms, and rising number of better healthcare services and changed payment method based on incentive are some of the factor propelling the growth in the patient engagement solution in the North America. The study highlight the fact that North America is likely to remain the leading market during the course of forecast period.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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