Patient Engagement Solutions Market Share, Growth and Application By Component, Delivery Mode, Therapeutic Area, Key Players, Region and Segmentation, Forecast To 2025
Market Overview
The Global Patient Engagement Solutions Market size is projected to reach USD 42,600 at a CAGR of 18.90% by 2025. The increasing adoption of innovative technologies in the healthcare sector along with the government support for digitalization of healthcare record, is impacting the growth of the market.
The growth of global patient engagement solution market a vital by numerous factors such as an augmented application of patient engagement solutions in the healthcare sector, an increasing number of patients suffering from chronic disorders and growing number of insurance holders. However, the cost associated with the implementation of patient engagement solutions and rising cases of data theft in the healthcare effective likely to hamper the growth of the global patient engagement solution market during the forecast period.
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Patient Engagement Solutions Market Segmentation:
The global patient engagement software solutions market has is segmented based on component, delivery mode, therapeutic area, application, and end user
by component, the global patient engagement software solutions market is segmented into
- hardware
- software
- service
The software segment is further segmented into
- standalone software
- integrated software
by delivery, the global patient engagement software solutions market is segmented into
- web-based
- cloud-based
- on-premise.
by therapeutic area, the global patient engagement software solutions market is segmented into
- chronic disease
- fitness management
- women’s health management
- others
by application, the global patient engagement solutions market is segmented into
- social management
- health management
- home health management
- financial health management
by end user, the global patient engagement solutions market is segmented into
- hospitals
- healthcare providers
- healthcare payers
- individual users
- others
Patient Engagement Solution Market Regional Analysis:
Americas: Americas are anticipated to hold the largest market share in the global patient engagement solutions market owing to the presence of a well-established healthcare sector.
- North America: The North American patient engagement solution market is growing due to the increasing number of chronic disorders and new emerging technologies in patient engagement solutions.
- US: The US is likely to dominate the global patient engagement solution market. Rising adoption of healthcare insurance and the presence of significant market players are expected to boost the growth of the market during the assessment period. Moreover, increasing healthcare expenditure is likely to provide favorable conditions for the growth of the
- Latin America: Development of the healthcare sector and government initiatives for the development of the healthcare sector in Latin America are expected to fuel the growth of the patient engagement solution market in this region.
Europe: The rising pressure to reduce healthcare costs, technological advancements, and better product and service availability in the region are likely to drive the growth of the market. Moreover, increasing healthcare insurance frauds are also responsible for the growth of the market during the forecast period. According to the MRFR analysis, in 2017, a total of 562,000 insurance frauds were detected by companies out of which 113,000 were fraudulent claims, and 449,000 were fraudulent insurance applications in the UK.
- UK: Increase in the aged population, and the rising occurrence of chronic disorders are likely to contribute towards the growth of the market in the UK.
- Germany: Germany holds a prominent share of the European patient engagement solution market owing to the technological advancements in the healthcare sector and rising healthcare expenditure.
Asia-Pacific: The fastest-growing regional market for patient engagement solutions, as Asia-Pacific has a vast population base along with the increasing prevalence of chronic diseases, and rising investments in the healthcare sector are also supporting the growth of the market.
- Japan: Japan has the world’s largest geriatric population, by percentage which is responsible for rising medical procedures, and well-established healthcare sector is responsible for the growth of the market.
- India: The prevalence of chronic disorders, rising government initiatives for digitalization of healthcare sector, and high investment in healthcare with an increase in average healthcare spending are driving the growth of the Indian patient engagement solution market.
Middle East and Africa: Limited healthcare infrastructure and treatment abilities are restricting the size of the patient engagement solution market in the region. Low healthcare expenditure and scarcity of medical professional is also restraining the market growth.
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