The Patient Engagement Solutions Market Research Report offers a comprehensive and insightful analysis of the current trends, opportunities, challenges, and growth prospects within the Patient Engagement Solutions Market. This meticulously crafted report provides a deep understanding of the market dynamics by examining key market indicators, such as market size, share, and growth rate. Through rigorous data collection and thorough analysis, the report presents valuable information on the competitive landscape, industry segments, and emerging market players.
Moreover, the Patient Engagement Solutions Market Research Report delves into the macroeconomic factors, regulatory environment, and technological advancements that are shaping the market’s trajectory. It offers strategic insights to businesses, investors, and stakeholders by highlighting potential investment areas, market entry strategies, and innovative approaches to gain a competitive edge. The report’s findings are presented in a clear and concise manner, enriched with graphical representations and statistical data, aiding readers in making well-informed decisions.
The Patient Engagement Solutions Market is a rapidly expanding sector in the healthcare industry that focuses on empowering patients to actively participate in their healthcare decisions and manage their well-being effectively. These solutions utilize various technologies such as patient portals, mobile health apps, remote monitoring devices, and patient education software. The goal is to improve patient outcomes, enhance communication between patients and healthcare providers, and encourage adherence to treatment plans. Factors like the increasing adoption of digital health technologies, the shift towards value-based care, and the need for better patient outcomes and satisfaction have fueled the growth of this market.
According to the new market research report “Patient Engagement Solutions Market by Component (Software, Services), Delivery (On-Premise, Cloud), Therapy Area (CVD, Diabetes, Obesity, Fitness), Functionality (E-prescribing, Virtual care), End User (Provider, Payer, Patients) – Global Forecast to 2027”
The global patient engagement solutions market size in terms of revenue was estimated to be worth $17.3 billion in 2022 and is poised to reach $27.9 billion by 2027, growing at a CAGR of 10% from 2022 to 2027.
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Driver: Implementation of government regulations and initiatives to promote patient-centric care
In March 2020, the US President signed a USD 2 million coronavirus emergency stimulus package called the CARES (Coronavirus Aid, Relief, and Economic Security) Act. The law expands cover treatment and services for those affected by COVID-19. The CARES Act also increases flexibility for Medicare to cover telehealth services; authorizes Medicare certification for home health services by physician assistants, nurse practitioners, and certified nurse specialists; and increases Medicare payments for COVID-19-related hospital stays and durable medical equipment. Such initiatives/regulations are expected to increase further the demand and adoption of patient engagement solutions in major markets worldwide.
Market key Players
Some of the key players operating in patient engagement solutions market are IBM (US), McKesson Corporation (US), Allscripts (US), Cerner Corporation (US), Epic Systems Corporation (US), Orion Health (New Zealand), GetWellNetwork (US), athenahealth (US), Oneview Healthcare (Ireland), MEDITECH (US), IQVIA (US), Get Real Health (US), Cognizant (US), Symphony Care (US), Harris Healthcare (US), Kareo (US), CureMD Healthcare (US), eClinicalWorks (US), and Lincor Solutions (US), AdvancedMD (US), WellStack(US), IQVIA (US), Vivify Health (US), Medhost (US), Validic (US) MEDISYSINC (US), and Patient point LLC (US)
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