Patient Engagement Solutions Market: Global Market Size, Industry Trends, Leading Players, Market Share and Forecast 2019-2025

The global patient engagement solutions market is expected to grow at a CAGR of 20.6% during the forecast period 2019-2025. The market growth is attributed to the increasing advances in healthcare IT by government and non-government organizations, which in turn, is bringing new patient engagement solutions and systems in the market. In addition, the players operating in the patient engagement solutions industry has sprung up for filling this need, and healthcare organizations are creating their own innovations. Further, increasing investment in the market creates an ample opportunity for the growth of the market during the forecast period.

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Some of the funding in the patient engagement solutions market

In August 2019, Luma Health, a San Francisco-based start-up dedicated to developing suite patient engagement solutions, has raised a $16 million Series B funding round. The fund was backed by PeakSpan Capital, with additional investments from the Texas Medical Center Venture Fund, Cisco Investments, US Venture Partners and InHealth Ventures. The funding will be used for bringing "simple, patient-centric innovation to help the patients get to the right care with the right doctor quickly," Such support will propel other start-ups to bring new solutions into the patient engagement solutions market; thereby, will spur the growth of the market.

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In August 2019, The Department of Health & Human Services (HHS) and Healthcare Resources and Services Administration (HRSA) have invested in rural patient access to opioid treatment. The two organizations invested around $400 million for expanding patient access to opioid treatment in rural and other areas that are medically underserved.

In May 2018, CipherHealth, patient communication, engagement and care coordination software company, received a significant strategic growth investment of $37.5 million backed by JMI Equity. The company used this fund for expanding its patient engagement platform across the care continuum. With the expansion of its patient engagement platform, the company has strengthened its customer base and enhanced its revenue share in the global patient engagement solutions market.

Global Patient Engagement Solutions Market- Segmentation

By Delivery Mode

• On-Premises
• Cloud-Based

By Application

• Health Management
• Home Health Management
• Financial Health Management
• Social and Behavioral Management

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Global Patient Engagement Solutions Market– Segment by Region

North America

• US
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

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