The global Patient Engagement Solutions market size is expected to be worth around US$ 41.7 billion by 2027, according to a new report by Vision Research Reports.
The global Patient Engagement Solutions market size was valued at US$ 11.8 billion in 2019 and is anticipated to grow at a CAGR of 17.3% during forecast period 2020 to 2027.
The market for patient engagement solutions is mainly driven by the increasing utilization of electronic health records for patient-centric care and the adoption of mobile health devices. According to a survey conducted by the NHS in 2019, approximately 92.0% of patients feel assured in self-managing treatment.
Growth Factors
The market is expected to register exponential growth due to the adoption of m-health; increasing prevalence of chronic conditions such as diabetes, asthma, and arthritis; improved healthcare services; enhanced patient education; patient data tracking; and diagnostic treatment.
In July 2019, a bipartisan group in Congress in U.S. introduced a new legislation that would allocate a fund of USD 25 million in grants for local, state, and tribal governments to develop Social Determinants Accelerator Plan with the aim to improve tracking and coordinating patient outcomes.
Report Highlights
Web-based/cloud-based emerged as the largest delivery type segment in 2019 as it supports hassle-free information flow between patients and healthcare providers. Moreover, bulk data can be stored in these platforms and enable remote access
The software segment dominated the market in 2019, owing to continuous development in patient engagement solutions along with its increasing applications in consulting, education, and implementation.
Rising prevalence of chronic diseases such as cardiovascular diseases, obesity, and diabetes, which require constant monitoring, is expected to drive the demand for these services in the coming years
Key Players
Allscripts Healthcare Solutions; McKesson Corporation; Orion Health Ltd.; Cerner Corporation; Phytel Inc.; Medecision Inc.; GetWellNetwork Inc.; YourCareUniverse Inc.; Lincor Solutions Ltd.; Athenahealth, Inc.
Market Segmentation
Patient Engagement Solutions Delivery Type Outlook
Web-based/Cloud-based
On-premise
Patient Engagement Solutions Component Outlook
Software
Standalone
Integrated
Services
Consulting
Implementation
Education
Others
Hardware
Patient Engagement Solutions End-Use Outlook
Payers
Providers
Individual Users
Patient Engagement Solutions Application Outlook
Social Management
Health Management
Home Healthcare Management
Financial Health Management
Patient Engagement Solutions Therapeutic Area Outlook
Chronic diseases
Obesity
Diabetes
Cardiovascular
Others
Fitness
Women's Health
Mental Health
Others
Patient Engagement Solutions Regional Outlook
North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Sweden
Netherlands
Russia
Asia Pacific
Japan
China
India
Latin America
Brazil
Mexico
Middle East & Africa
South Africa
Saudi Arabia
The Patient Engagement Solutions market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Patient Engagement Solutions market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Patient Engagement Solutions market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Patient Engagement Solutions market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Patient Engagement Solutions market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Patient Engagement Solutions capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Patient Engagement Solutions by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Patient Engagement Solutions market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Patient Engagement Solutions market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Patient Engagement Solutions market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Patient Engagement Solutions industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Patient Engagement Solutions market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Patient Engagement Solutions market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Patient Engagement Solutions market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Patient Engagement Solutions market. These factors have benefited the growth of the global market for Patient Engagement Solutions. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Patient Engagement Solutions. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Patient Engagement Solutions are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Patient Engagement Solutions Market, By Delivery Type
7.1. Patient Engagement Solutions Market, By Delivery Type, 2020-2030
7.1.1. Web-based/Cloud-based
7.1.1.1. Market Revenue and Forecast (2016-2030)
7.1.2. On-premise
7.1.2.1. Market Revenue and Forecast (2016-2030)
Chapter 8. Global Patient Engagement Solutions Market, By Component Type
8.1. Patient Engagement Solutions Market, By Component Type, 2020-2030
8.1.1. Software
8.1.1.1. Market Revenue and Forecast (2016-2030)
8.1.2. Services
8.1.2.1. Market Revenue and Forecast (2016-2030)
8.1.3. Hardware
8.1.3.1. Market Revenue and Forecast (2016-2030)
Chapter 9. Global Patient Engagement Solutions Market, By End-use Type
9.1. Patient Engagement Solutions Market, By End-use Type, 2020-2030
9.1.1. Payers
9.1.1.1. Market Revenue and Forecast (2016-2030)
9.1.2. Providers
9.1.2.1. Market Revenue and Forecast (2016-2030)
9.1.3. Individual Users
9.1.3.1. Market Revenue and Forecast (2016-2030)
Chapter 10. Global Patient Engagement Solutions Market, By Application Type
10.1. Patient Engagement Solutions Market, By Application Type, 2020-2030
10.1.1. Social Management
10.1.1.1. Market Revenue and Forecast (2016-2030)
10.1.2. Health Management
10.1.2.1. Market Revenue and Forecast (2016-2030)
10.1.3. Home Healthcare Management
10.1.3.1. Market Revenue and Forecast (2016-2030)
10.1.4. Financial Health Management
10.1.4.1. Market Revenue and Forecast (2016-2030)
Chapter 11. Global Patient Engagement Solutions Market, By Therapeutic Area Type
11.1. Patient Engagement Solutions Market, by Therapeutic Area, 2020-2030
11.1.1. Chronic diseases
11.1.1.1. Market Revenue and Forecast (2016-2030)
11.1.2. Fitness
11.1.2.1. Market Revenue and Forecast (2016-2030)
11.1.3. Women's Health
11.1.3.1. Market Revenue and Forecast (2016-2030)
11.1.4. Mental Health
11.1.4.1. Market Revenue and Forecast (2016-2030)
Chapter 12. Global Patient Engagement Solutions Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, By Delivery Type (2016-2030)
12.1.2. Market Revenue and Forecast, By Component (2016-2030)
12.1.3. Market Revenue and Forecast, By End-use (2016-2030)
12.1.4. Market Revenue and Forecast, By Application (2016-2030)
12.1.5. Market Revenue and Forecast, by Therapeutic Area (2016-2030)
12.1.6. U.S.
12.1.6.1. Market Revenue and Forecast, By Delivery Type (2016-2030)
12.1.6.2. Market Revenue and Forecast, By Component (2016-2030)
12.1.6.3. Market Revenue and Forecast, By End-use (2016-2030)
12.1.6.4. Market Revenue and Forecast, By Application (2016-2030)
12.1.7. Market Revenue and Forecast, by Therapeutic Area (2016-2030)
12.1.8. Rest of North America
12.1.8.1. Market Revenue and Forecast, By Delivery Type (2016-2030)
12.1.8.2. Market Revenue and Forecast, By Component (2016-2030)
12.1.8.3. Market Revenue and Forecast, By End-use (2016-2030)
12.1.8.4. Market Revenue and Forecast, By Application (2016-2030)
12.1.8.5. Market Revenue and Forecast, by Therapeutic Area (2016-2030)
12.2. Europe
12.2.1. Market Revenue and Forecast, By Delivery Type (2016-2030)
12.2.2. Market Revenue and Forecast, By Component (2016-2030)
12.2.3. Market Revenue and Forecast, By End-use (2016-2030)
12.2.4. Market Revenue and Forecast, By Application (2016-2030)
12.2.5. Market Revenue and Forecast, by Therapeutic Area (2016-2030)
12.2.6. UK
12.2.6.1. Market Revenue and Forecast, By Delivery Type (2016-2030)
12.2.6.2. Market Revenue and Forecast, By Component (2016-2030)
12.2.6.3. Market Revenue and Forecast, By End-use (2016-2030)
12.2.7. Market Revenue and Forecast, By Application (2016-2030)
12.2.8. Market Revenue and Forecast, by Therapeutic Area (2016-2030)
12.2.9. Germany
12.2.9.1. Market Revenue and Forecast, By Delivery Type (2016-2030)
12.2.9.2. Market Revenue and Forecast, By Component (2016-2030)
12.2.9.3. Market Revenue and Forecast, By End-use (2016-2030)
12.2.10. Market Revenue and Forecast, By Application (2016-2030)
12.2.11. Market Revenue and Forecast, by Therapeutic Area (2016-2030)
12.2.12. France
12.2.12.1. Market Revenue and Forecast, By Delivery Type (2016-2030)
12.2.12.2. Market Revenue and Forecast, By Component (2016-2030)
12.2.12.3. Market Revenue and Forecast, By End-use (2016-2030)
12.2.12.4. Market Revenue and Forecast, By Application (2016-2030)
12.2.13. Market Revenue and Forecast, by Therapeutic Area (2016-2030)
12.2.14. Rest of Europe
12.2.14.1. Market Revenue and Forecast, By Delivery Type (2016-2030)
12.2.14.2. Market Revenue and Forecast, By Component (2016-2030)
12.2.14.3. Market Revenue and Forecast, By End-use (2016-2030)
12.2.14.4. Market Revenue and Forecast, By Application (2016-2030)
12.2.15. Market Revenue and Forecast, by Therapeutic Area (2016-2030)
12.3. APAC
12.3.1. Market Revenue and Forecast, By Delivery Type (2016-2030)
12.3.2. Market Revenue and Forecast, By Component (2016-2030)
12.3.3. Market Revenue and Forecast, By End-use (2016-2030)
12.3.4. Market Revenue and Forecast, By Application (2016-2030)
12.3.5. Market Revenue and Forecast, by Therapeutic Area (2016-2030)
12.3.6. India
12.3.6.1. Market Revenue and Forecast, By Delivery Type (2016-2030)
12.3.6.2. Market Revenue and Forecast, By Component (2016-2030)
12.3.6.3. Market Revenue and Forecast, By End-use (2016-2030)
12.3.6.4. Market Revenue and Forecast, By Application (2016-2030)
12.3.7. Market Revenue and Forecast, by Therapeutic Area (2016-2030)
12.3.8. China
12.3.8.1. Market Revenue and Forecast, By Delivery Type (2016-2030)
12.3.8.2. Market Revenue and Forecast, By Component (2016-2030)
12.3.8.3. Market Revenue and Forecast, By End-use (2016-2030)
12.3.8.4. Market Revenue and Forecast, By Application (2016-2030)
12.3.9. Market Revenue and Forecast, by Therapeutic Area (2016-2030)
12.3.10. Japan
12.3.10.1. Market Revenue and Forecast, By Delivery Type (2016-2030)
12.3.10.2. Market Revenue and Forecast, By Component (2016-2030)
12.3.10.3. Market Revenue and Forecast, By End-use (2016-2030)
12.3.10.4. Market Revenue and Forecast, By Application (2016-2030)
12.3.10.5. Market Revenue and Forecast, by Therapeutic Area (2016-2030)
12.3.11. Rest of APAC
12.3.11.1. Market Revenue and Forecast, By Delivery Type (2016-2030)
12.3.11.2. Market Revenue and Forecast, By Component (2016-2030)
12.3.11.3. Market Revenue and Forecast, By End-use (2016-2030)
12.3.11.4. Market Revenue and Forecast, By Application (2016-2030)
12.3.11.5. Market Revenue and Forecast, by Therapeutic Area (2016-2030)
12.4. MEA
12.4.1. Market Revenue and Forecast, By Delivery Type (2016-2030)
12.4.2. Market Revenue and Forecast, By Component (2016-2030)
12.4.3. Market Revenue and Forecast, By End-use (2016-2030)
12.4.4. Market Revenue and Forecast, By Application (2016-2030)
12.4.5. Market Revenue and Forecast, by Therapeutic Area (2016-2030)
12.4.6. GCC
12.4.6.1. Market Revenue and Forecast, By Delivery Type (2016-2030)
12.4.6.2. Market Revenue and Forecast, By Component (2016-2030)
12.4.6.3. Market Revenue and Forecast, By End-use (2016-2030)
12.4.6.4. Market Revenue and Forecast, By Application (2016-2030)
12.4.7. Market Revenue and Forecast, by Therapeutic Area (2016-2030)
12.4.8. North Africa
12.4.8.1. Market Revenue and Forecast, By Delivery Type (2016-2030)
12.4.8.2. Market Revenue and Forecast, By Component (2016-2030)
12.4.8.3. Market Revenue and Forecast, By End-use (2016-2030)
12.4.8.4. Market Revenue and Forecast, By Application (2016-2030)
12.4.9. Market Revenue and Forecast, by Therapeutic Area (2016-2030)
12.4.10. South Africa
12.4.10.1. Market Revenue and Forecast, By Delivery Type (2016-2030)
12.4.10.2. Market Revenue and Forecast, By Component (2016-2030)
12.4.10.3. Market Revenue and Forecast, By End-use (2016-2030)
12.4.10.4. Market Revenue and Forecast, By Application (2016-2030)
12.4.10.5. Market Revenue and Forecast, by Therapeutic Area (2016-2030)
12.4.11. Rest of MEA
12.4.11.1. Market Revenue and Forecast, By Delivery Type (2016-2030)
12.4.11.2. Market Revenue and Forecast, By Component (2016-2030)
12.4.11.3. Market Revenue and Forecast, By End-use (2016-2030)
12.4.11.4. Market Revenue and Forecast, By Application (2016-2030)
12.4.11.5. Market Revenue and Forecast, by Therapeutic Area (2016-2030)
12.5. Latin America
12.5.1. Market Revenue and Forecast, By Delivery Type (2016-2030)
12.5.2. Market Revenue and Forecast, By Component (2016-2030)
12.5.3. Market Revenue and Forecast, By End-use (2016-2030)
12.5.4. Market Revenue and Forecast, By Application (2016-2030)
12.5.5. Market Revenue and Forecast, by Therapeutic Area (2016-2030)
12.5.6. Brazil
12.5.6.1. Market Revenue and Forecast, By Delivery Type (2016-2030)
12.5.6.2. Market Revenue and Forecast, By Component (2016-2030)
12.5.6.3. Market Revenue and Forecast, By End-use (2016-2030)
12.5.6.4. Market Revenue and Forecast, By Application (2016-2030)
12.5.7. Market Revenue and Forecast, by Therapeutic Area (2016-2030)
12.5.8. Rest of LATAM
12.5.8.1. Market Revenue and Forecast, By Delivery Type (2016-2030)
12.5.8.2. Market Revenue and Forecast, By Component (2016-2030)
12.5.8.3. Market Revenue and Forecast, By End-use (2016-2030)
12.5.8.4. Market Revenue and Forecast, By Application (2016-2030)
12.5.8.5. Market Revenue and Forecast, by Therapeutic Area (2016-2030)
Chapter 13. Company Profiles
13.1. Allscripts Healthcare Solutions
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. McKesson Corporation
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Orion Health Ltd
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Cerner Corporation
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Phytel Inc.
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Medecision Inc
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. GetWellNetwork Inc
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. YourCareUniverse Inc.
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Lincor Solutions Ltd.
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Athenahealth, Inc
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
Glossary of Terms