322-Washington,America - 23
Emergency Call- 24/7 support
Home » Healthcare » Healthcare IT » HHE-8911217
* For discount/customization and buying a particular chapter click here or write to us at firstname.lastname@example.org
Patient Engagement Solutions (PES) refers to an advanced mobile health technology that closely engages patients and healthcare providers such as hospitals or clinics in the treatment of patients. PES include, hardware, software and services to strategically share relevant healthcare information with patients and doctors to improve overall patient treatment experience. PES also minimizes chances of wrong treatment and lowers the duration of treatment as well as making the entire treatment process highly cost-effective. Patient Engagement is an objective of key healthcare reform efforts that include, Accountable Care Organizations (ACOs), Patient-Centered Medical Homes (PCMH) and meaningful use of the derived health information. The effective deployment of health information also need service providers such as Internet Service Providers (ISPs) to allow the patients to view the health information online, download the health information and even transmit that entire health information. Healthcare providers such as hospitals and clinics also need to deploy protected electronic messaging for safe communication with patients. Global patient engagement solutions market is expected to rise at a CAGR of 16.1% during forecast period 2016-2023. Patients are gradually expected to proactively engage with their healthcare providers through their mobile and handheld devices.
According to the Pew Research Center of U.S., as of 2016, nearly 90% of the United States adults own cell phones and approximately 58% own smartphones. Importantly, about 52% of smartphone owners and nearly 31% of cell phone owners have used their phone to search for medical or health information. From survey of approximately 2,339 U.S. residents, over a quarter of the respondents answered that they would rather prefer interacting with their healthcare providers digitally, instead of over the phone interactions or in person meetings with healthcare representatives. Deployment of precise patient engagement technology is needed for fruitful patient engagement. Mobile-driven patient portals enable patients to check test results while improving patient-provider communication. Mobile-enabled PES allow patients to check in for clinical appointments, view education materials, review their medical records, refill prescriptions from their mobile devices. Hence, PES is expected to streamline key administrative tasks such as patient reminders, scheduling appointments, patient registration while empowering patients to securely and easily connect with their healthcare providers. Further, PES is also capable of supporting enhanced population health management which is expected to be another key objective of health reform. For instance, deploying patient engagement technology such as safe texting can have positive impact on the overall patient’s health which is possible through the fact that patient continuously believes that he/she is under continued observation by the healthcare professional through the PES and thereby, recovers faster from the ailment condition. For instance, health-related studies depict that text messaging can be a supportive factor in successfully managing the chronic diseases such as diabetes and asthma. For instance, according to the National Institute of Health (NIH), the Children's Hospital of Philadelphia has completed a study in 2015 to identify whether regular text messaging and reminders helps to improve the patient’s consistency in taking medicines for asthma treatment which delivered an outcome that patients feel cared about through the text messaging service.
The growth across global PES market is primarily driven by notable investments in Healthcare Information Technology (HCIT) by stakeholders such as hospitals and clinics. According to 2016 data from Mercom Capital Group, there has been a substantial investment of approximately $1.4 billion in HCIT in the first quarter of 2016 which drives healthy patient engagement with their healthcare professionals such as doctors and hence, boost the market growth. The 2016 Mercom report on venture capital funding and mergers depicts that corporate venture and private equity capital in digital health sector and HCIT grew by 27% as against approximately $1.1 billion of investments made during the fourth quarter of 2015.
Source: OBRC Analysis.
The report on global patient engagement solutions market includes component, delivery mode, end-user, application and therapeutic area based segments.
Delivery modes include:
Therapeutic areas include:
The report scope is widely categorized on the basis of its component which include hardware, software and services.
The global patient engagement solutions market report has been geographically segmented in:
North America holds the largest market revenue share in global patient engagement solutions market followed by Europe. The key factors driving market growth in North America are expanding aging population in United States and Canada’s initiative to enhance digital health measures and improve upon the overall healthcare delivery. The growing number of Accountable Care Organizations (ACOs) are acting as end-users for patient engagement platforms whereas requirement to minimize hospital readmissions and control exponentially rising healthcare expenditures are expected to be the additional drivers for enhanced adoption of PES, thereby drive the market growth. The federal mandate also focuses on effective deployment of healthcare IT in North America including, both United States and Canada. Deployment of Dossier Médical Personnel (DMP) in France, role of National Health Service (NHS) in the United Kingdom, rising demand for efficient healthcare delivery and advanced healthcare solutions in Germany and growing efforts to enhance care coordination in Rest of Europe (RoE) are expected to drive notable adoption of patient engagement solutions in the mentioned countries across Europe.
Global PES market report covers segmentation analysis of component, delivery mode, end-user, application and therapeutic area. Report further covers segments of component which includes hardware, software and services. Services sub-segment is expected to dominate the component segment driven by large number of services which are available globally for patient engagement solutions. The end-user segment further comprises of healthcare payers, healthcare providers, patients and other end users. Healthcare providers sub-segment is expected to dominate the end-user segment mainly driven by large number of healthcare providers available globally. The delivery mode segment further comprises of on-premise solutions and cloud-based solutions with on-premise solutions expected to dominate the delivery mode market segment. Whereas, cloud-based solutions is expected to be the fastest growing delivery mode market segment mainly driven by rapid adoption of highly secure cloud-based patient engagement solutions.
The major market players of the global patient engagement solutions market are:
These companies are using various strategies, such as merger & acquisition, collaboration, partnership and product launch. Whereas, product and service launch is the key strategy adopted by the companies in patient engagement solutions market.
For Instance, in April 2015, International Business Machine (IBM) launched IBM Watson Care Manager and IBM Watson Health Cloud for Life Sciences Compliance. These innovative solutions are expected to support the biomedical companies effectively introducing medical innovations in the market. Moreover, the product launch boost IBM’s product portfolio and drive the adoption of PES solutions which boost market growth.
In April 2015, Cerner Corporation introduced a CareAware device connectivity platform in the United States through which healthcare providers can distantly observe chronically ill patients in real-time and thus allowing proactive patient engagement to possibly minimize the risk of chronic disease fatality.
Key reason to buy the report:
How we are different from others:
At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global patient engagement solutions market offers detailed analysis of strategic models, such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of patient engagement solutions market with extensive SCOT analysis of key companies.
Key findings of the global patient engagement solutions market: