Patient Engagement Solutions Market Overview
Patient engagement solutions help patients manage their healthcare information and permit for greater interaction of the medical team with the patients. It’s essential to supply the required tools to actively engage within the management of their own health. Better access to healthcare providers and private healthcare information helps patients to assists in effective self-care.
Cost-effective healthcare, increased patient outreach, fewer complications, lower hospital readmission rates, shorter hospitalization periods, and improved quality of health care are some of the advantages related to patient engagement solutions.
It shares information and communication to support patients and to enhance workflow efficiencies. Moreover, it helps to reduce administrative costs. Patient engagement solutions enhance patient-provider communication and keep both the patient and care team up to now about the individual health data.
Healthcare organizations must improve quality and efficiency with few resources with the assistance of the answer. It assists physicians in providing better diagnosis and more coordinated care by recording information about patients' healthcare and also allows for the sharing of clinical summaries among care teams. There is growing interest among patients to trace their personal health by accessing electronic health records. Moreover, the growing trend of mobile health applications and wearable health data trackers are influencing consumers to access their personal healthcare records, in turn, increasing demand for patient engagement solutions.
Covid-19 Impact on Patient Engagement Solutions Market:
In addition, the current Global Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Global Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Patient Engagement Solutions Market Segment Overview
Based on the therapeutic area, the chronic diseases segment accounted for the largest share of the worldwide patient engagement solutions market. The large share of this segment is often attributed to the high burden of chronic diseases and therefore the got to effectively manage these conditions while reducing the general healthcare costs.
By end-users, the patient engagement solutions market is segmented into providers, payers, patients, and other end-users (including government bodies, employer groups, and pharmaceutical companies). In 2019, the provider's segment accounted for the largest share of the worldwide patient engagement solutions market. Providers are increasingly adopting patient engagement solutions to curtail rising healthcare costs, offer value-based care, and improve financial outcomes.
By application, the health management applications segment accounted for the largest share of the worldwide patient engagement solutions market. The large share of this segment is often attributed to the increasing awareness among patients about the complexity of their disease conditions and their willingness to actively participate in maintaining their own health.
By components, the software segment is further segmented into standalone and integrated solutions. The software segment is predicted to account for the largest share during this market however, the services segment is claimed to grow at the best rate because of the fact that the service component is indispensable within the application of deployed solutions.
By delivery mode, the on-premise-based solutions accounted for the largest share within the market however cloud-based solutions segment is predicted to register the highest CAGR during the forecast period. The pliability, scalability, and affordability offered by cloud-based solutions are supporting their growth within the patient engagement solutions market. Cloud-based solutions help healthcare organizations share and integrate information from different locations or systems in real-time.
Market Analysis, Insights and Forecast – By Therapeutic Area
· Chronic diseases
· Women’s health
· Fitness
· Other therapeutic areas
Market Analysis, Insights and Forecast – By End Use
· Providers
· Payers
· Patients
· Other End Users
Market Analysis, Insights and Forecast – By Application
· Health Management
· Home Health Management
· Social and Behavioural Management
· Financial Health Management
Market Analysis, Insights and Forecast – By Component
· Hardware
· Software
· Services
Market Analysis, Insights and Forecast – By Delivery Mode
· On Premise
· Cloud Based
Patient Engagement Solutions Market Regional Overview
Region-wise, in terms of regions, North America dominates the worldwide market for patient engagement solutions because of rising chronic diseases, regulatory mandates by the Affordable Care Act, increasing demand for quality care, rising healthcare costs, and an increase within the geriatric population within the region. Asia is predicted to indicate high growth rates over the next five years within the global patient engagement solutions market. China and India are anticipated to be the fastest-growing markets within the Asia-Pacific region.
Patient Engagement Solutions Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Patient Engagement Solutions Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Patient Engagement Solutions are highlighted below.
· In 2020, Get Real Health launched Talk together with your Doc, a telehealth solution that allows providers to manage their revenue-generating healthcare services and enables patient-provider relationships, especially during the COVID-19 pandemic.
Patient Engagement Solutions Market, Key Players
· Allscripts Healthcare Solutions
· McKesson Corporation
· Orion Health Ltd.
· Cerner Corporation
· Phytel Inc.
· Medecision Inc.
· GetWellNetwork Inc.
· YourCareUniverse Inc.
· Lincor Solutions Ltd.
· Athenahealth, Inc.
Patient engagement solutions help patients manage their healthcare information and permit for greater interaction of the medical team with the patients. It’s essential to supply the required tools to actively engage within the management of their own health. Better access to healthcare providers and private healthcare information helps patients to assists in effective self-care.
Cost-effective healthcare, increased patient outreach, fewer complications, lower hospital readmission rates, shorter hospitalization periods, and improved quality of health care are some of the advantages related to patient engagement solutions.
It shares information and communication to support patients and to enhance workflow efficiencies. Moreover, it helps to reduce administrative costs. Patient engagement solutions enhance patient-provider communication and keep both the patient and care team up to now about the individual health data.
Healthcare organizations must improve quality and efficiency with few resources with the assistance of the answer. It assists physicians in providing better diagnosis and more coordinated care by recording information about patients' healthcare and also allows for the sharing of clinical summaries among care teams. There is growing interest among patients to trace their personal health by accessing electronic health records. Moreover, the growing trend of mobile health applications and wearable health data trackers are influencing consumers to access their personal healthcare records, in turn, increasing demand for patient engagement solutions.
Covid-19 Impact on Patient Engagement Solutions Market:
In addition, the current Global Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Global Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Patient Engagement Solutions Market Segment Overview
Based on the therapeutic area, the chronic diseases segment accounted for the largest share of the worldwide patient engagement solutions market. The large share of this segment is often attributed to the high burden of chronic diseases and therefore the got to effectively manage these conditions while reducing the general healthcare costs.
By end-users, the patient engagement solutions market is segmented into providers, payers, patients, and other end-users (including government bodies, employer groups, and pharmaceutical companies). In 2019, the provider's segment accounted for the largest share of the worldwide patient engagement solutions market. Providers are increasingly adopting patient engagement solutions to curtail rising healthcare costs, offer value-based care, and improve financial outcomes.
By application, the health management applications segment accounted for the largest share of the worldwide patient engagement solutions market. The large share of this segment is often attributed to the increasing awareness among patients about the complexity of their disease conditions and their willingness to actively participate in maintaining their own health.
By components, the software segment is further segmented into standalone and integrated solutions. The software segment is predicted to account for the largest share during this market however, the services segment is claimed to grow at the best rate because of the fact that the service component is indispensable within the application of deployed solutions.
By delivery mode, the on-premise-based solutions accounted for the largest share within the market however cloud-based solutions segment is predicted to register the highest CAGR during the forecast period. The pliability, scalability, and affordability offered by cloud-based solutions are supporting their growth within the patient engagement solutions market. Cloud-based solutions help healthcare organizations share and integrate information from different locations or systems in real-time.
Market Analysis, Insights and Forecast – By Therapeutic Area
· Chronic diseases
· Women’s health
· Fitness
· Other therapeutic areas
Market Analysis, Insights and Forecast – By End Use
· Providers
· Payers
· Patients
· Other End Users
Market Analysis, Insights and Forecast – By Application
· Health Management
· Home Health Management
· Social and Behavioural Management
· Financial Health Management
Market Analysis, Insights and Forecast – By Component
· Hardware
· Software
· Services
Market Analysis, Insights and Forecast – By Delivery Mode
· On Premise
· Cloud Based
Patient Engagement Solutions Market Regional Overview
Region-wise, in terms of regions, North America dominates the worldwide market for patient engagement solutions because of rising chronic diseases, regulatory mandates by the Affordable Care Act, increasing demand for quality care, rising healthcare costs, and an increase within the geriatric population within the region. Asia is predicted to indicate high growth rates over the next five years within the global patient engagement solutions market. China and India are anticipated to be the fastest-growing markets within the Asia-Pacific region.
Patient Engagement Solutions Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Patient Engagement Solutions Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Patient Engagement Solutions are highlighted below.
· In 2020, Get Real Health launched Talk together with your Doc, a telehealth solution that allows providers to manage their revenue-generating healthcare services and enables patient-provider relationships, especially during the COVID-19 pandemic.
Patient Engagement Solutions Market, Key Players
· Allscripts Healthcare Solutions
· McKesson Corporation
· Orion Health Ltd.
· Cerner Corporation
· Phytel Inc.
· Medecision Inc.
· GetWellNetwork Inc.
· YourCareUniverse Inc.
· Lincor Solutions Ltd.
· Athenahealth, Inc.
Patient Engagement Solutions Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Patient Engagement Solutions Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Therapeutic Area
- 5.2.1. Chronic diseases
- 5.2.2. Women’s health
- 5.2.3. Fitness
- 5.2.4. Other therapeutic areas
- 5.3. Market Analysis, Insights and Forecast – By End Use
- 5.3.1. Providers
- 5.3.2. Payers
- 5.3.3. Patients
- 5.3.4. Other End Users
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Health Management
- 5.4.2. Home Health Management
- 5.4.3. Social and Behavioural Management
- 5.4.4. Financial Health Management
- 5.5. Market Analysis, Insights and Forecast – By Component
- 5.5.1. Hardware
- 5.5.2. Software
- 5.5.3. Services
- 5.6. Market Analysis, Insights and Forecast – By Delivery Mode
- 5.6.1. On Premise
- 5.6.2. Cloud Based
- 5.7. Market Analysis, Insights and Forecast – By Region
- 5.7.1. North America
- 5.7.2. Europe
- 5.7.3. Asia Pacific
- 5.7.4. Latin America, Middle East, and Africa
6. North America Patient Engagement Solutions Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Therapeutic Area
- 6.2.1. Chronic diseases
- 6.2.2. Women’s health
- 6.2.3. Fitness
- 6.2.4. Other therapeutic areas
- 6.3. Market Analysis, Insights and Forecast – By End Use
- 6.3.1. Providers
- 6.3.2. Payers
- 6.3.3. Patients
- 6.3.4. Other End Users
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Health Management
- 6.4.2. Home Health Management
- 6.4.3. Social and Behavioural Management
- 6.4.4. Financial Health Management
- 6.5. Market Analysis, Insights and Forecast – By Component
- 6.5.1. Hardware
- 6.5.2. Software
- 6.5.3. Services
- 6.6. Market Analysis, Insights and Forecast – By Delivery Mode
- 6.6.1. On Premise
- 6.6.2. Cloud Based
- 6.7. Market Analysis, Insights and Forecast – By Country
- 6.7.1. U.S.
- 6.7.2. Canada
7. Europe Patient Engagement Solutions Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Therapeutic Area
- 7.2.1. Chronic diseases
- 7.2.2. Women’s health
- 7.2.3. Fitness
- 7.2.4. Other therapeutic areas
- 7.3. Market Analysis, Insights and Forecast – By End Use
- 7.3.1. Providers
- 7.3.2. Payers
- 7.3.3. Patients
- 7.3.4. Other End Users
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Health Management
- 7.4.2. Home Health Management
- 7.4.3. Social and Behavioural Management
- 7.4.4. Financial Health Management
- 7.5. Market Analysis, Insights and Forecast – By Component
- 7.5.1. Hardware
- 7.5.2. Software
- 7.5.3. Services
- 7.6. Market Analysis, Insights and Forecast – By Delivery Mode
- 7.6.1. On Premise
- 7.6.2. Cloud Based
- 7.7. Market Analysis, Insights and Forecast – By Country
- 7.7.1. UK
- 7.7.2. Germany
- 7.7.3. France
- 7.7.4. Italy
- 7.7.5. Spain
- 7.7.6. Russia
- 7.7.7. Rest of Europe
8. Asia Pacific Patient Engagement Solutions Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Therapeutic Area
- 8.2.1. Chronic diseases
- 8.2.2. Women’s health
- 8.2.3. Fitness
- 8.2.4. Other therapeutic areas
- 8.3. Market Analysis, Insights and Forecast – By End Use
- 8.3.1. Providers
- 8.3.2. Payers
- 8.3.3. Patients
- 8.3.4. Other End Users
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Health Management
- 8.4.2. Home Health Management
- 8.4.3. Social and Behavioural Management
- 8.4.4. Financial Health Management
- 8.5. Market Analysis, Insights and Forecast – By Component
- 8.5.1. Hardware
- 8.5.2. Software
- 8.5.3. Services
- 8.6. Market Analysis, Insights and Forecast – By Delivery Mode
- 8.6.1. On Premise
- 8.6.2. Cloud Based
- 8.7. Market Analysis, Insights and Forecast – By Country
- 8.7.1. China
- 8.7.2. India
- 8.7.3. Japan
- 8.7.4. Australia
- 8.7.5. South East Asia
- 8.7.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Patient Engagement Solutions Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Therapeutic Area
- 9.2.1. Chronic diseases
- 9.2.2. Women’s health
- 9.2.3. Fitness
- 9.2.4. Other therapeutic areas
- 9.3. Market Analysis, Insights and Forecast – By End Use
- 9.3.1. Providers
- 9.3.2. Payers
- 9.3.3. Patients
- 9.3.4. Other End Users
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Health Management
- 9.4.2. Home Health Management
- 9.4.3. Social and Behavioural Management
- 9.4.4. Financial Health Management
- 9.5. Market Analysis, Insights and Forecast – By Component
- 9.5.1. Hardware
- 9.5.2. Software
- 9.5.3. Services
- 9.6. Market Analysis, Insights and Forecast – By Delivery Mode
- 9.6.1. On Premise
- 9.6.2. Cloud Based
- 9.7. Market Analysis, Insights and Forecast – By Country
- 9.7.1. Brazil
- 9.7.2. Saudi Arabia
- 9.7.3. UAE
- 9.7.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Allscripts Healthcare Solutions
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. McKesson Corporation
- 10.6. Orion Health Ltd.
- 10.7. Cerner Corporation
- 10.8. Phytel Inc.
- 10.9. Medecision Inc.
- 10.10. GetWellNetwork Inc.
- 10.11. YourCareUniverse Inc.
- 10.12. Lincor Solutions Ltd.
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
