Patient engagement denotes to anything that allows healthcare institutions to establish communication with their patients to utilizing the patient portal online. However, patient engagement is not just about employing the technology such as portal as well as automated messaging. Besides this, the procedure plays a vital role in safeguarding the patient satisfaction. On the other hand, the technology develops the service quality and safeguards safety.
According to the report analysis, ‘Patient Engagement Solutions Market: Current Analysis and Forecast (2021-2027)’ states that the healthcare providers have a long recognized the value of the patient engagement for benefit of the patient’s health. Although, the idea of patient engagement might not be new, what is new is the proficient role of the technology on patient engagement. As the patient engagement is observing the greatest growth within the usage of technology.
Some of the foremost entities functioning in the market comprise Medtronic, All scripts Healthcare Llc, Mckesson Corporation, IBM, Athena Health, Orion Health, Cerner Corporation, Harris Healthcare, Oneview Healthcare, And Curemd Healthcare. Countless M&A’s along with the partnerships have been undertaken by these players to improve the patient engagement solutions market.
In addition, the key corporates in the patient engagement solution market are working progressively for leading the highest market and registering the great value of market share around the globe during the near years while increasing the applications and benefits of such, decreasing the associated services, employing the active and young personnel, delivering the better consumer satisfaction, analysing the strategies and policies of government as well as entities, implementing the policies of enlargement and profit making, establishing the several research and development programs, improving the qualitative and quantitative measures of such, and spreading the awareness connected to the benefits of such.
Based on components, the market is classified into hardware, software and solution. The software sector produced the greatest revenue during the recent years as the requirement of software is growing due to the increasing implementation of latest technology enabled solutions. The market is projected to augment at a proficient rate throughout the review duration.
Based on deliver mode, the market is categorized into the health management, home health management, social and behavioural health management, financial health management, telemedicine and several others. The health management sector registered for the foremost revenue portion during the recent years. The segment is projected to witness proficient growth in the forthcoming years segment as it delivers the speedy response and developed the patient obedience for delivering the healthcare amenities.
Top Impacting Factors
There are several drivers, restraints and opportunities that are propelling the patient engagement solutions market. The significant augment in awareness about mobile health, increasing aging populace as well as incentives delivered by the government are responsible for propelling the patient engagement market. However, absence of health literacy has limited the market growth to a higher extent. Moreover, requirement for value-based drugs due to an augment in peer pressure and dramatic shift in patient specific solution would generate agreater opportunities. Therefore, in the near years, it is predicted that the market of patient engagement solution will increase around the globe more effectively over the near years.
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Ankur Gupta, Head Marketing & Communications