The
global patient engagement solutions market is expected to reach USD 39.3
billion by 2024, according to a new report by Grand View Research, Inc. The
supportive government initiatives and the rising usage and awareness of mobile
healthcare services are expected to impel the market growth.
The
rising prevalence of chronic conditions is the preliminary factor that is
expected to advance the market growth. The mortality rate of diabetic patients
was over 1.0 million in 2012, as stated by the WHO. This hike in the death rate
of diabetic patients reflects the lack of knowledge about the causes, symptoms,
and the preventive measures of the disease. The present patient engagement
systems aid in furnishing patients with educative information; thus, empowering
them to make better healthcare decisions.
Browse Full
Report with TOC @ http://www.radiantinsights.com/research/patient-engagement-solutions-market
The
patient engagement solutions cater to the hospitals in providing financial
solutions for effective utilization of the allocated healthcare budget. Furthermore,
the market players are actively volunteering in obtaining patient feedback
regarding the existent solutions to develop better patient engagement plat
forms with enhanced quality.
Moreover,
the favorable government initiatives and the funding efforts undertaken to
promote the incorporation of patient engagement solutions in the healthcare
sector help in boosting the market growth. For instance, in the 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 in
improving the workflow and the quality of treatment delivery.
Further key
findings from the study suggest:
The
web-based delivery segment is expected to be the largest delivery mode growing
at a lucrative CAGR over the forecast period.
North
America is expected to dominate over the forecast period with a revenue share
of over 40.0% in 2024. Favourable government initiatives, such as the
Affordable Care Act (ACA) initiated by President Obama and the Health
Information Technology for Economic and Clinical Health (HITECH) act, are
anticipated to drive the market growth.
Asia
Pacific is anticipated to emerge as the fastest growing region with a CAGR of
over 20.0% over the forecast period. The increasing investments in the
healthcare sector, rising awareness with regard to the varying types of patient
engagement portals, and the escalating geriatric population base are estimated
to catapult the demand.
Some
key players of the market include Allscripts Healthcare Solutions, Inc., Cerner
Corporation, Phytel, Inc., Athenahealth, Inc., McKesson Corporation, and
MEDecision, Inc.
In
order to curtail the competition, the key industry players are actively
involved in the development of new solutions that facilitate the workflow of
the existing platforms. For instance, Allscripts Healthcare Solutions, Inc.
provides revenue cycle management solutions, which help in maintaining the
financial health of the medical systems.
No comments:
Post a Comment