Patient Engagement Solutions Market Worth $ 29.01 Billion, Globally, by 2027 at 12.52% CAGR: Verified Market Research

Patient Engagement Solutions Market Worth $ 29.01 Billion, Globally, by 2027 at 12.52% CAGR: Verified Market Research

PR Newswire

JERSEY CITY, N.J., Feb. 4, 2021

- The increased care from the government towards patients and personal medication, along with growing usage of phones in Healthcare and consultancy and a surge in the geriatric population have led to the selection of patient engagement solutions worldwide.

JERSEY CITY, N.J., Feb. 4, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Patient Engagement Solutions Market" by Component  (Hardware, Software, Standalone, Integrated, and Services), by End-user (Providers, Patients, Payers), by Application (Health Management, Home Health management, Social and behavioral management, and Financial Health Management), by Delivery Mode (On premise and Cloud based), by Therapeutic Use (Chronic Disease, Diabetes, Cardiovascular diseases, Obesity, Other chronic diseases, Women's Health, Fitness), and by Geography. According to Verified Market Research, the Global Patient Engagement Solutions Market was valued at USD 12.71 Billion in 2020 and is projected to reach USD 29.01 Billion by 2027, growing at a CAGR of 12.52 % from 2021 to 2027.

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Browse in-depth TOC on "Patient Engagement Solutions Market"

202 - Pages
126 – Tables
37 – Figures

Global Patient Engagement Solutions Market Overview

The global patient engagement solutions market is predominantly driven by increased care from the government towards patients and personal medication, along with growing usage of phones in Healthcare and consultancy. Also, heightened stakeholder investment and rising partnerships between stakeholders has impacted the overall market. In addition, factors such as the increasing burden of chronic diseases and a surge in the geriatric population have led to the selection of patient engagement solutions worldwide. Moreover, In July 2019, a bipartisan group in Congress in the U.S. proposed new legislation that would designate a fund of USD 25 million in donations for local, state, and tribal governments to develop a Social Determinants Accelerator Plan with the aim to better tracking and coordinating patient outcomes. Such initiatives are expected to drive the demand for these services over the forecast period.

Besides, the implementation of government regulations and leads to improve patient-centric care is also anticipated to drive market growth. Governments across the globe are executing several regulations and initiatives to support the adoption of patient engagement solutions. The upsurge in the choice of cloud-based systems hospitals and clinics, improve in wearable health technology, and increasing technological advancements are expected to add new opportunities for this market in the coming years. Furthermore, the implementation of value-based programs appears in increased health outcomes, lower healthcare costs, and a higher level of patient comfort is also remaining to drive the market growth.

The major players in the market are Mckesson, Allscripts, IBM, Athenahealth, Orion Health, Cerner, Getwellnetwork, LincorSolutions, Yourcareuniverse, and Welvu

Verified Market Research has segmented the Global Patient Engagement Solutions Market On the basis of Component, End-User, Application, Delivery Mode, Therapeutic Use, and Geography.

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