Global Patient Engagement Software Market Poised to Witness Strong Growth at a CAGR of 18.5% through 2023

Published on : Jul 11, 2018

Albany, New York, July 11, 2018: A comprehensive market research study, titled “Global Patient Engagement Software Market by Manufacturers, Countries, Type and Application, Forecast to 2023” has recently publicized to the online repository of Market Research Hub (MRH), which offers in-depth analysis and insights on the key developments that are impacting the patient engagement software market landscape. A complete overview and analysis are offered to readers on the basis of historical trends and recent developments.

In order to provide clear and accurate results, this comprehensive study on patient engagement software consists of market size, Y-o-Y growth and CAGR during the estimated period of 2018-2023. According to the analyst’s key projections, the global Patient Engagement Software market is valued at 7270 million USD in 2017 and is expected to reach 20100 million USD by the end of 2023, growing at a remarkable CAGR of 18.5% between 2017 and 2023.

Prime Insights from the Report

The term "patient engagement" has become rooted in the healthcare world. Globally, the importance of patient engagement has been widely researched and discussed with evidence supporting its significance in lowering cost and improving patient outcomes. In the present time, the study finds major factors driving the patient engagement solutions market, such as legislative reforms of the Affordable Care Act (ACA) in the US, demand for improved quality of care, the rise in aging population, and incentives by various governments for the adoption of HCIT and patient engagement solutions.

Geographically, the research broadly classifies and analyzed the market on the basis of regional overview including key regions like North America, Asia-Pacific, Europe, Middle East and Africa, and South America. The analysts further reveal that The Asia-Pacific will occupy for more market share in following years, especially in China, also fast-growing India and Southeast Asia regions. North America, especially The United States, will still play an important role which cannot be ignored.

Moreover, the research includes data by segmenting the market on the basis of delivery mode and application. On the basis of applications, the market is segmented into health management, social and behavioral management, home health management, and financial management. Of these, the health management segment is expected to expertise the largest share of the global patient engagement solutions market. By delivery mode, the study covers Web-Based, On-Premise and Cloud-Based. Amongst, the cloud-based solutions segment is expected to dominate the market at a steady rate in the coming years.

Another vital part of the report highlights the competitive landscape of the global patient engagement software market, positioning all the major players according to their presence in different regions of the world. At present, key players functioning in the market include Cerner Corporation, Oneview, Healthagen, IBM, GetWell Network, Orion Health, Epic Systems, Medecision, Allscripts, McKesson Corporation, Get Real, Athenahealth and Lincor Solutions.

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