What's driving the Patient Engagement Solutions Market Trends? | Key Players are athenahealth, Cerner Corporation, IBM, eClinicalWorks, EPIC Systems, InterSystems, Medical Information Technology Solutions

Value-based programs, increasing geriatric population, and government regulations on patient-centric care are driving the growth of the patient engagement solutions market across the world. Having already generated over $8 billion in 2017, the market size is expected to more than double by 2023. The communication between patients and healthcare providers is generally referred to as patient engagement. The market includes all software and hardware that facilitate this communication and the services imparted via these.

Download free report sample at: https://www.psmarketresearch.com/market-analysis/patient-engagement-solutions-market/report-sample

Government regulations on patient-centric care have been one of the major growth-driving factors for the patient engagement solutions market. For instance, the U.S government, under its EHR Incentive Programs of 2009, offers healthcare professionals incentives to implement electronic healthcare records (EHRs). Apart from storing patient data digitally, patient engagement solutions are also required for implementing value-based programs. The demand for such programs is rising, as these benefit patients as well as healthcare providers.

Another significant factor contributing to the market growth is the growing geriatric population, which is more prone to chronic diseases. As these diseases need constant monitoring, especially in the case of elderly patients who cannot make regular hospital visits, patient engagement solutions have become indispensable for their effective health management. Further, as people have become more tech-savvy, wearable healthcare devices are registering increased sales. These devices are replacing hospital visits, taking the patient engagement solutions market forward.

Browse full report at: https://www.psmarketresearch.com/market-analysis/patient-engagement-solutions-market

Within APAC, patient engagement solutions are expected to be utilized the most for chronic diseases, compared to other therapeutic areas that include women’s health, mental health, and fitness. Further categorizing chronic diseases, cardiac issues and cancer will contribute the largest revenue to the patient engagement solutions market during the forecast period. Among on-premises, cloud-based, and web-based solutions, those that connect patients and doctors via cloud will register the fastest growth in the market.

The companies operating in the patient engagement solutions industry are acquiring related businesses of other companies in order to expand their market. For instance, in January 2018, McKesson Corporation (McKesson) completed the acquisition of RxCrossroads from its parent company CVS Health Corporation for $735 million. The acquisition aimed at enhancing McKesson’s existing portfolio of commercialization solutions, including comprehensive patient support services, custom pharmacy solutions, and third-party logistics.

Pre-Purchase Inquiry at: https://www.psmarketresearch.com/send-enquiry?enquiry-url=patient-engagement-solutions-market

Some of the other key players in the global patient engagement solutions market:
1- athenahealth
2- Cerner Corporation
3- IBM
4- eClinicalWorks
5- EPIC Systems
6- InterSystems
7- Medical Information Technology Solutions

Contact:
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.