Patient Engagement Solutions Market, 2018-2024: Key Drivers, Trends, Opportunity

Posted by Yash Chauhan on February 25th, 2019

The global patient engagement solution market is growing at a significant rate, due to the implementation of government regulations and initiatives to promote patient-centric care, and expanding aging population is mounting the popularity of patient engagement solutions, Different components such as software, hardware, and services contributed to the patient engagement solution market size. 

Patient Engagement Solution Market

Implementation of government regulations and initiatives to promote patient-centric care, expanding the aging population, the mounting occurrence of chronic diseases, implementation of incentives to shift the burden of risk from healthcare payers to providers, and escalating utilization of mobile health solutions are the primary growth drivers for patient engagement solution market.

Globally, the manufacturing companies trying to enter the patient engagement solution market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier to the entry of new players. This offers an edge to the established players in the industry competition.

North America is the largest patient engagement solution market as in the region the investment in the healthcare IT sector is escalating. In addition, the mounting demand of mobile healthcare, the surge in a number of accountable care organization, expanding geriatric population, reduced hospital readmission, and mounting occurrence of chronic diseases are also up surging growth of the North American patient engagement solution market. 

Asia-Pacific is observed to witness the fastest growth in the market, due to mounting disposable income. In addition, expanding geriatric population, mounting demand for improved healthcare solution, and escalating occurrence of chronic diseases are also creating a positive impact on the patient engagement solution market growth in the region.

Mckesson Corporation, Athenahealth, Inc., Lincor Solutions, Get Real Health, Allscript, Welvu, IBM Corporation, Cerner, Getwellnetwork, Inc., and Oneview Healthcare are the key players offering patient engagement solution.

Source: VynZ Research

Like it? Share it!

Yash Chauhan

About the Author

Yash Chauhan
Joined: February 25th, 2019
Articles Posted: 106

More by this author