Patient Engagement Solutions Market worth $13.7 Billion by 2019, According to the New Study on ASDReports

Friday 10 October 2014, Amsterdam

This report studies the global patient engagement solutions market over the forecast period of 2014 to 2019. This market is expected to reach $13.7 billion by 2019 from $5.5 billion in 2014,at a CAGR of 20% from 2014 to 2019.

The patient engagement solutions market is segmented into six broad segments, namely, components, delivery modes, applications, end users, therapeutic areas, and geographies. The market by component is further categorized into hardware, software, and services. Based on delivery modes, the market is categorized into web-based, on-premise, and cloud-based. The market by end users is segmented into providers, payers, patients, and others. On the basis of application, the market is segmented into health management, social and behavioral, home health, and financial health. The market by therapeutic areas is categorized into chronic diseases, women’s health, fitness, and others. Based on geography, the market is divided into North America, Europe, Asia, and Rest of the World (Pacific countries, Africa, and Latin America)

Major factors driving the patient engagement solutions market are legislative reforms of the Affordable Care Act (ACA) in the U.S., demand for improved quality of care, rise in aging population, and incentives by various governments for adoption of HCIT and patient engagement solutions. Benefits provided by patient engagement solutions such as, reduced hospital readmission rates, enhanced labor productivity, and improved quality of healthcare are resulting in an increase in the deployment of these solutions. However, in spite of numerous benefits of patient engagement solutions, certain barriers such as huge investments, fragmented end-user market, and security of patient data are restraining growth of this market.

North America accounted for the largest share of the global patient engagement solutions market in 2014, followed by Europe. However, Asia is expected to be the fastest-growing market owing to the increasing HCIT adoption, proficiency of IT skills, and growing medical tourism industry in this region.

Patient engagement solutions is a highly fragmented market with major players such as McKesson Corporation (U.S.), Medecision, Inc. (U.S.), Allscripts, Inc. (U.S.), Phytel Inc. (U.S.), Cerner Corporation (U.S.), Orion Health (New Zealand), Aetna, Inc. (U.S.), Athenahealth, Inc. (U.S.), Emmi Solutions LLC (U.S.), and GetWellNetwork, Inc. (U.S.).