This report provides exclusive insights into the COVID-19 impact on the Patient Engagement Solutions Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Patient Engagement Solutions Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Patient Engagement Solutions Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on patient engagement solutions market provides an in-depth analysis of segments and sub-segments in the global as well as regional patient engagement solutions market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional patient engagement solutions market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global patient engagement solutions market. According to the report, the global patient engagement solutions market is projected to grow at a CAGR of 23.3% over the forecast period of 2018-2024.
Patient engagement solutions and services enable healthcare service providers to better reach and engage patients. Patient engagement system allows healthcare service providers to build loyalty and increase new patients’ visits with automated reminders, easy automatic options, and many more other services. These solutions outreach patients via text, phone, and email to remind patients of their appointments and balances as well as to bring their referral paperwork. In addition, these solutions are also used to wish patients on their birthdays. This practice not only increases patient’s satisfaction of current patients but also appeals to future patients.
Patient engagement solution offers hospital or clinics with better customer retention competence at the same time it helps them to treat patients in the most effective way possible. Furthermore growing investments by healthcare IT players, rising demand for better healthcare facilities, and increasing government initiatives are the major factors driving the growth of patient engagement solutions. As the patient engagement technology runs on a conjoint platform, healthcare firms are heading towards automated processes, which provide an improved response, agility and cost efficiency. Technological advancement and access to big data in the healthcare industry are strengthening the growth of the patient engagement solutions market. However, Lack of interoperability is likely to hamper the growth of the patient engagement solutions market. Furthermore, an increase in retail insurance system is further anticipated to create several growth opportunities for the key players in the patient engagement solution market. On the other hand, to fulfill the consumer expectations many healthcare organizations are rearranging themselves in terms of service, quality, and cost.
Among the geographies, North America dominated the global patient engagement solutions market. The growth in the North American region is due to the increasing IT sector along with the increasing demand for mobile healthcare options. Moreover, National Health Services (NHS) is a publically funded system in the UK which are propelling the patient engagement solutions in the European region. The Asia-Pacific is anticipated to experience the fastest growth owing to the increasing population and rising disposable income for improves healthcare solutions. China and India are anticipated to be the fastest growing markets in the Asia-Pacific region.
The report on global patient engagement solutions market covers segments such as deployment mode, component, and end-users. On the basis of deployment model, the global patient engagement solutions market is categorized into on-premise, cloud, and web-based. On the basis of a component, the global patient engagement solutions market is categorized into hardware, software, and services. On the basis of end-users, the global patient engagement solutions market is categorized into hospitals & providers, healthcare payers, and pharmaceutical companies.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while the Asia-Pacific region includes countries such as China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are the major markets included in the European region. The U.S. drives the growth in the North America region, as it is the largest market in the region. In the Asia-Pacific region, rapid industrial growth in India and China offer a substantial potential for the growth in the patient engagement solutions market. As a result, the APAC region is projected to experience growth at a CAGR of x.x% over the forecast period 2018-2024.
The report provides profiles of the companies in the global patient engagement solutions market such as Phytel, Inc., McKesson Corporation, Cerner Corporation, Athenahealth, Inc., Allscripts Healthcare Solutions, Inc., MEDecision, Inc., GetWellNetwork, Inc., YourCareUniverse, Inc., Lincor Solutions Ltd., and Orion Health Ltd.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global patient engagement solutions market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of patient engagement solutions market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the patient engagement solutions market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the patient engagement solutions market to understand the present and future trends in this market and formulate their strategies accordingly.