Patient Engagement Solutions Market is expected to reach USD 30.36 Billion by the year 2026| Cerner Corporation, Medecision Inc., Lincor Solutions Ltd., Phytel Inc., Orion Health Ltd., etc.

According to the current analysis of Reports and Data, the global Patient Engagement Solutions market was valued at USD 8.87 Billion in 2018 and is expected to reach USD 30.36 Billion by the year 2026, at a CAGR of 16.2 %. Patient engagement technology has become commonplace in the field of medical care due to the ubiquitous adoption of computers, smartphones, and mobile tablets by the patient.

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Companies considered and profiled in this market study

Allscripts Healthcare Solutions Inc., Lincor Solutions Ltd., Phytel Inc., Orion Health Ltd., McKesson Corporation, Cerner Corporation, Medecision Inc., and Athena Health Inc., YourCareUniverse Inc.

Healthcare technologies are becoming more patient-oriented owing to different requirements from different patients. Traditionally, key patient engagement technologies have included patient portals or secure messaging tools. The growth of the patient engagement solutions market is mainly due to the growing awareness of mobile health and the increasing geriatric population. In addition, an increase in healthcare spending and favorable legislations are expected to contribute to the patient engagement solution market growth. The increasing use of patient engagement solutions draws the government's attention, and they are likely to implement the most favorable policies in the coming years which is expected to offer substantial growth opportunities for patient engagement market players in the anticipated years. Patient involvement is about encouraging patients in care to improve their health outcomes, improve patient care, and reduce costs. It combines the knowledge, skills, abilities, and willingness of a patient to manage their own care with communications designed to promote positive behaviors.

Moreover, the growing trend of wearable healthcare trackers and mobile health applications are impelling customers to access their personal healthcare records in turn growing demand for patient engagement solutions. However, the absence of healthcare literacy and dearth of skilled healthcare professionals in emerging nations are expected to hamper the patient engagement solutions market growth to a greater extent in the future.

Further key findings from the report suggest

1. Patient Engagement Solutions market is growing at a CAGR of 4% in Asia Pacific followed by North America and Europe, with 16 % and 15.8 % CAGR, respectively. High prevalence of chronic diseases and increased focus of patients on self-care is the major factor accelerating the market growth during forecast period across all regions

2. Services is expected to be the fastest growing market segment during forecast period 2019-2026 with a CAGR of 16.8%. However, lack of interoperability is a major challenge for the market growth of this market segment

3. Web based Delivery Mode type segment was valued at USD 6.3 billion and is expected reach USD 21.4 billion by 2026

4. Dearth of skilled it professionals in the healthcare industry is likely to hinder the patient engagement solutions market growth during the forecast period

5. Asia Pacific is expected to account for the 19.5% of the global Patient Engagement Solutions market. Developing nations such China, and India are likely to witness significant growth owing to the large patient pool, improving healthcare infrastructure, rising medical tourism and growing healthcare information technology adoption

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Segments covered in the report

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the Patient Engagement Solutions market on the basis of Component type, Delivery Mode type, Therapeutic Area type, end use, and region

Component Type (Revenue, USD Million; 2016-2026)

Hardware
Software
Services

Delivery Mode Type (Revenue, USD Million; 2016-2026)

Web based
Cloud based
On premise

Therapeutic Area Type (Revenue, USD Million; 2016-2026)

Chronic diseases
Fitness
Women's Health
Mental Health
Others

End Use (Revenue, USD Million; 2016-2026)

Payers
Providers
Individual Users

By Region (Revenue, USD Million; 2016-2026)

North America
Europe
Asia Pacific
Latin America
Middle East and Africa (MEA)

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4. It aids informed decision-making by offering an exhaustive database of the pivotal market segments and sub-segments.

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