Patient Engagement Solutions Market Overview, Share, Growth Drivers and Forecast by 2023

Posted on 2019-07-16 by P&S Intelligence in Healthcare // 0 Comments

CITY, Country, 2019-Jul-16 — /EPR Network/ —

Value-based programs, increasing geriatric population, and government regulations on patient-centric care are driving the growth of the patient engagement solutions market across the world. Having already generated over $8 billion in 2017, the market size is expected to more than double by 2023. The communication between patients and healthcare providers is generally referred to as patient engagement. The market includes all software and hardware that facilitate this communication and the services imparted via these.

Browse report sample at: https://www.psmarketresearch.com/market-analysis/patient-engagement-solutions-market/report-sample

Government regulations on patient-centric care have been one of the major growth-driving factors for the patient engagement solutions market. For instance, the U.S government, under its EHR Incentive Programs of 2009, offers healthcare professionals incentives to implement electronic healthcare records (EHRs). Apart from storing patient data digitally, patient engagement solutions are also required for implementing value-based programs. The demand for such programs is rising, as these benefit patients as well as healthcare providers.

Another significant factor contributing to the market growth is the growing geriatric population, which is more prone to chronic diseases. As these diseases need constant monitoring, especially in the case of elderly patients who cannot make regular hospital visits, patient engagement solutions have become indispensable for their effective health management. Further, as people have become more tech-savvy, wearable healthcare devices are registering increased sales. These devices are replacing hospital visits, taking the patient engagement solutions market forward.

Browse full report at: https://www.psmarketresearch.com/market-analysis/patient-engagement-solutions-market

Talking of the global scenario, North America led the patient engagement solutions market during the historical period, mainly owing to advanced healthcare infrastructure, increase in healthcare information technology solutions, and rise in the number of people with chronic diseases. Besides, the region is expected to continue being the largest market for patient engagement solutions during the forecast period (2018–2023). However, the fastest growth in the global market is expected in the Asia-Pacific (APAC) region. Rising awareness about such solutions for managing chronic disease and encouragement by government and non-government organizations towards technology adoption are expected to result in the market growth across APAC.

Thus, it can be said that while advancements in patient engagement solutions technology and increased government support toward their adoption are important factors driving the market growth, the rise in geriatric population and incidents of chronic diseases cannot be ignored.

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Matched content

Editor’s pick