The global Patient Engagement Solutions Market size
is expected to reach USD 56.92 billion by 2026, according to a new report by
Grand View Research Inc. It is anticipated to expand at a CAGR of 20.43% during
the forecast period. The supportive government initiatives and rising usage and
awareness regarding mobile healthcare services are expected to impel the
growth.
Rising prevalence of chronic conditions is the
preliminary factor expected to boost the growth of the patient engagement
solutions management market. The mortality rate of diabetic patients was over
1.0 million in 2012, as stated by the World Health Organization (WHO). This
spike in the death rate of diabetic patients reflects the lack of knowledge
about the causes, symptoms, and preventive measures. The present patient
engagement systems aid the patients with educative information; thus,
empowering them to make better healthcare decisions.
The patient engagement solutions assist hospitals in
providing financial solutions for effective utilization of the allocated
healthcare budget. The market players actively volunteer in obtaining patient
feedback regarding the existent solutions to develop better patient engagement
plat forms with enhanced quality. Such factors are projected to bode well for
market expansion in the forthcoming years.
Moreover, favorable government initiatives and funding
efforts undertaken to promote the incorporation of patient engagement solutions
in the healthcare sector are anticipated to boost the market growth. For
instance, in U.S., under the Health Information Technology for Economic and
Clinical Health (HITECH) Act, the government spends around USD 20 billion
annually on hospitals for the installation of Electronic Health Records (EHRs),
which is expected to help improve the workflow and quality of treatment
delivery.
Browse Details of Report@
https://www.grandviewresearch.com/industry-analysis/patient-engagement-solutions-market
https://www.grandviewresearch.com/industry-analysis/patient-engagement-solutions-market
Further key findings from the report suggest:
- Web-based is expected to be the largest delivery mode segment, witnessing
at a lucrative CAGR over the forecast period
- North America is expected to lead over the forecast period with a
revenue share of over 40.0% by 2026. Favorable government initiatives,
such as the Affordable Care Act (ACA) initiated by President Obama and
HITECH Act, are anticipated to drive the growth
- Asia Pacific is anticipated to emerge as the fastest growing region
with a CAGR of over 20.0% over the forecast period. Increasing healthcare
investments, awareness regarding varying types of patient engagement
portals, and geriatric population is estimated to catapult the demand
- Some key players operating in the patient engagement solutions
market include Allscripts Healthcare Solutions, Inc.; Cerner Corporation;
Phytel, Inc.; Athenahealth, Inc.; McKesson Corporation; and MEDecision,
Inc.
- To curtail the competition, the key players actively engage in the
development of new solutions that facilitate workflow of the existing
platforms. For instance, Allscripts Healthcare Solutions, Inc. provides
revenue cycle management solutions, which help maintain the financial
health of the medical systems.
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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