Patient Engagement Solutions Market by Component, Application, Therapeutic Area, Geography and Forecast by 2023

Patient engagement solutions market is forecasted to attain a size of $21.9 billion by 2023. Government regulations promoting patient-centric care, implementation of value-based programs, and growing use of patient engagement solutions in geriatric population are some of the key factors driving the market growth. Additionally, growing use of mobile health solutions, and increasing demand for wearable health technology are also propelling the growth of the market.

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During the forecast period, the patient engagement solutions market is expected to witness the highest demand for cloud-based delivery mode, with 18.9% CAGR. Cloud mode is a more secure platform than other delivery modes and demonstrates the highest level of compliance with the Health Insurance Portability and Accountability Act (HIPAA), leading to its increased adoption among healthcare providers and payers, globally.

On the basis of application area, health management dominated the market, accounting for 44.7% market share in 2017. The category’s largest share can be attributed to the increased adoption of the technological solutions offered by the patient engagement solutions market, primarily by government organizations to spread awareness with respect to disease prevention among the general population.

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Based on therapeutic area, the patient engagement solutions market is categorized into chronic diseases, women’s health, fitness, mental health, and others. Of these, the market for chronic diseases category is expected to witness the fastest growth, with 17.8% CAGR. Government organizations of both developed and developing economies are adopting different patient engagement solutions to reduce the growing healthcare burden caused by rising prevalence of chronic diseases.

Some of the key players in the global patient engagement solutions market include Allscripts Healthcare Solutions Inc., athenahealth Inc., Cerner Corporation, International Business Machines Corporation (IBM), Computer Programs and Systems Inc., eClinicalWorks LLC, Epic Systems Corporation, InterSystems Corporation, and Medical Information Technology Inc.

Source: P&S Intelligence