Patient Engagement Solutions Market Trends, Size, Share, Growth and Demand Forecast to 2020

The global patient engagement solutions market is growing considerably, due to growing medical tourism and increasing cloud based models. During the forecast period, the software segment is expected to report the largest share, among all the components segments of the patient engagement solution market. Among the various delivery modes, the web based delivery segment leads the market, as it is cost effective and user friendly; however, the cloud based delivery segment is expected to grow with the fastest rate during the forecasted period. Among the various applications, the health management segment leads the global patient engagement solutions market. Based on therapeutics area, the chronic diseases segment leads the market in terms of size and is expected to grow with the fastest rate during the forecast period. Among the various end users, the providers segment led the market in 2014.

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The unexplored market in the patient engagement solution industry of the developing economies is creating growth opportunities for the market players. Some of the major trends in the global market are awareness among patients about the solutions, increasing number of mergers and acquisitions, and increasing number of collaborations and partnerships. The patient engagement solutions provide various benefits, such as reduction in hospital readmission rates, cost reduction, improved quality of healthcare, and increased patient outreach.

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Some of the factors driving the growth of the global patient engagement solutions market are growing geriatric population, increasing awareness of mobile health, increasing number of care organizations, high investment by payer and providers, and increasing prevalence of chronic diseases. The other growth driving factors include implementation of Affordable Care Act in the U.S., increasing demand for improved quality of care, government incentives, and high return on investment. However, the absence of skilled professionals, lack of access to healthcare, and high cost involved, are some of the factors restraining growth of the global patient engagement solutions market. In addition, the fragmented end user market and lack of security of patient data are also inhibiting growth of the global market.

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Some of the companies operating in the global patient engagement solutions market are Mckesson Corporation, Athenahealth Inc., Medecision Inc., Cerner Corporation, Orion Health, Aetna Inc., Emmi Solutions LLC., Allscripts Healthcare Solutions Inc., Getwellnetwork Inc., and Phytel Inc.

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