COVID Impact On Global Patient Engagement Solutions Market | Ken Research

Patient engagement solution Market is a key part of the mobile health technology. Healthcare professionals interact with the patients during routine exams and when the problems arise. Patient engagement solutions provide regular patient health and compliance monitoring with real-time reports for clinicians and rapid patient feedback. The growing trend towards the use of mobile applications has driven the growth of this market.

As per analysis, Patient Engagement Solutions Industry By Component (Hardware, Software and Services), By Delivery Mode (On Premise and Cloud Based), By Application (Health Management, Home Health Management, Social and Behavioral Management and Financial Health Management), By End User (Providers, Payers, Patients and Other) and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030. Some of the major companies operating in the global patient engagement solutions market include Orion Health group of companies, GetWellNetwork, Inc, IBM, Cerner Corporation, Lincor, McKesson Corporation, WelVU, Oneview Ltd, Elsevier, Allscripts and among others. Leading players aim to implement new approaches for instance geographic penetration, mergers & acquisitions, and collaboration to expand their market presence.

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In terms of component type, the market for patient interaction solutions has been divided into software, hardware and services. The software is used in different fields’ for instance home health management and hospital management. On the basis of delivery mode, market has been categorized as cloud-based and on-premise delivery. Cloud-based segment holds leading position in the global market as companies are investing in web or cloud-based patient engagement solutions. On the basis of application, market has been categorized as home health management, health management, financial health management and social & behavioral management. Health management segment dominates the global market because of quick response & enhanced patient compliance for care. In addition, on the basis of application, market has been categorized as payers, providers, patients and others. Payers segment is predicted to witness higher growth rate as payers are using modalities that support the widespread coverage & enable value-based care delivery during the forecast period.

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Rise in number of collaborations & partnerships between stakeholders, followed by implementation of government regulations & initiatives to promote patient-centric care, growth in utilization of mobile health apps and surge in adoption of patient engagement solutions are some major factors, which are responsible for growth of the patient engagement solutions market. Apart from this, lack of interoperability and requirement of investments in infrastructure to implement patient engagement solutions may impact the market. Moreover, growth in wearable health technology and emerging Asian countries are leading opportunities for market.

Based on regional analysis, the North-America is a leading region in global patient engagement solutions market owing to increase in investment by major corporations in software applications for patient interaction and growth in acceptance of health & electronic health records (EHR) across the region. The Asia-Pacific and Europe regions are estimated to exhibit substantial growth rate due to expansion of medical facilities and rise in replacement & expansion of medical facilities over the forecast period. It is projected that future of the global patient engagement solutions market will be bright as a result of growth in government spending on healthcare coupled with increase in level of awareness during the forecast period.

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