Global Patient Engagement Solution Market – Analysis and Forecast To 2024 | Get Real Health, Allscript, Welvu, IBM Corporation.


Posted March 28, 2020 by Goal_T

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Patient engagement solution is patient-centric healthcare delivery to enhance healthcare outcome and communicates with the patient using an online patient portal. The global patient engagement solution market is growing at a significant rate, due to the implementation of government regulations and initiatives to promote patient-centric care, and expanding aging population is mounting the popularity of patient engagement solutions, Different components such as software, hardware, and services contributed to the patient engagement solution market size. The market has witnessed a high demand for software in the coming years due to its application in extending from healthcare organization to home healthcare.

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Growing medical tourism, cloud-based models, the surge in a number of accountable care organization, and wearable health technology are also facilitating the growth of the patient engagement solution market.

The need of investments in infrastructure, lack of interoperability, lack of data privacy, lack of health literacy, and a dearth of skilled IT professionals in the healthcare industry, and the high price of deployment are the major challenges for the growth of patient engagement solution market.

Globally, the manufacturing companies trying to enter the patient engagement solution market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier to the entry of new players. This offers an edge to the established players in the industry competition.

Asia-Pacific is observed to witness the fastest growth in the market, due to mounting disposable income. In addition, expanding geriatric population, mounting demand for improved healthcare solution, and escalating occurrence of chronic diseases are also creating a positive impact on the patient engagement solution market growth in the region.

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Key players in the patient engagement solution market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In May 2018, Allscripts signed an agreement to acquire HealthGrid Holding Company, in order to expand the Allscripts FollowMyHealth platform portfolio, the patient engagement solution. Mckesson Corporation, Athenahealth, Inc., Lincor Solutions, Get Real Health, Allscript, Welvu, IBM Corporation, Cerner, Getwellnetwork, Inc., and Oneview Healthcare are the key players offering patient engagement solution.

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Last Updated March 28, 2020