Apr 22, 2021 (The Expresswire) -- The “ Patient Engagement Solutions Market ” research report serves the pieces of information on the flow and future industry designs, enabling the individual to recognize the things and organizations, thusly driving pay improvement and efficiency. The exploration study gives a close to take a lamp at the market situation and elements affecting its development. This report features the critical improvements beside different occasions occurring in the market which is checking on the development and opening entryways for future development in the coming years. Moreover, the report is based on the full scale and miniature financial components and recorded information that can impact the development.
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The Research report inspects the Patient Engagement Solutions market with the assistance of different methods of reasoning and examinations to give accurate and detailed information about the market. For an all the more clear plan, it is disseminated into a couple of parts to cover different pieces of the market. This report is highlighted overseeing people towards a restless, better, and all the more clear data accessible.
The Major Players in the Patient Engagement Solutions Market include:
The term "patient engagement" has become entrenched in the healthcare lexicon. Many healthcare networks and payers are now striving to achieve the Institute for Healthcare Improvement's Triple Aim:
In the last several years, global market of Patient Engagement Solutions developed rapidly, with an average growth rate of 18.1 %. In 2016, global revenue of Patient Engagement Solutions is nearly 6.1 billion USD. Major factors driving the patient engagement solutions market are legislative reforms of the Affordable Care Act (ACA) in the US, demand for improved quality of care, rise in aging population, and incentives by various governments for adoption of HCIT and patient engagement solutions.
On the basis of delivery mode, the patient engagement solutions market is segmented into web-based, cloud-based, and on-premise solutions. The cloud-based solutions segment is expected to command the largest share of the global patient engagement solutions market in 2016 and the revenue market share in about 75%. However, the market for cloud-based solutions is expected to witness the highest growth rate, owing to the higher flexibility, scalability, and affordability offered by these solutions.
On the basis of applications, the market is segmented into health management, social and behavioral management, home health management, and financial management. The health management segment is expected to command the largest share of the global patient engagement solutions market in 2016 and the market share is about 47.5%.
North America region is the largest supplier of Patient Engagement Solutions, with a revenue market share nearly 48.4% in 2016. Europe is the second largest supplier of Patient Engagement Solutions, enjoying revenue market share nearly 30.1% in 2016.
North America is the largest sales place, with a sales market share nearly 42.1% in 2016. Following North America, Europe is the second largest sales place with the sales market share of 33.5%.
Market competition is intense. Cerner Corporation, IBM, Epic Systems, McKesson Corporation, etc. are the leaders of the industry. They hold the key technologies and patents, with high-end customers. They have formed global market channel of the industry. However, with the future expanding market, there will be more manufacturers in the future.
Market Analysis and Insights: Global Patient Engagement Solutions Market
The global Patient Engagement Solutions market size is projected to reach USD 39070 million by 2027, from USD 12190 million in 2020, at a CAGR of 18.1% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Patient Engagement Solutions market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Patient Engagement Solutions market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Patient Engagement Solutions market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Patient Engagement Solutions market.
Global Patient Engagement Solutions Scope and Market Size
Patient Engagement Solutions market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Patient Engagement Solutions market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.
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The report identifies various key manufacturers in the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period of 2022 to 2027.
On the basis of product type, this report displays the production, revenue, price, and market share, and growth rate of each type, primarily split into:
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share, and growth rate for each application, including: