The global patient engagement solutions market is expected to reach USD 39.3 billion by 2024, according to a new report by Grand View Research, Inc. The supportive government initiatives and the rising usage and awareness of mobile healthcare services are expected to impel the market growth.
The rising prevalence of chronic conditions is the preliminary factor that is expected to advance the market growth. The mortality rate of diabetic patients was over 1.0 million in 2012, as stated by the WHO. This hike in the death rate of diabetic patients reflects the lack of knowledge about the causes, symptoms, and the preventive measures of the disease. The present patient engagement systems aid in furnishing patients with educative information; thus, empowering them to make better healthcare decisions.
The patient engagement solutions cater to the hospitals in providing financial solutions for effective utilization of the allocated healthcare budget. Furthermore, the market players are actively volunteering in obtaining patient feedback regarding the existent solutions to develop better patient engagement plat forms with enhanced quality.
Moreover, the favorable government initiatives and the funding efforts undertaken to promote the incorporation of patient engagement solutions in the healthcare sector help in boosting the market growth. For instance, in the U.S., under the Health Information Technology for Economic and Clinical Health (HITECH) act, the government spends around USD 20 billion annually on hospitals for the installation of Electronic Health Records (EHRs), which is expected to help in improving the workflow and the quality of treatment delivery.
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Further key findings from the study suggest:
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Grand View Research has segmented the patient engagement solutions market on the basis of the type of delivery, component, end-use, application, therapeutic area, and region.
Global Patient Engagement Solutions Market, Type of Delivery Outlook (Revenue, USD Million, 2013 - 2024)
Global Patient Engagement Solutions Market, Component Outlook (Revenue, USD Million, 2013 - 2024)
Global Patient Engagement Solutions Market, End-use Outlook (Revenue, USD Million, 2013 - 2024)
Global Patient Engagement Solutions Market, Application Outlook (Revenue, USD Million, 2013 - 2024)
Global Patient Engagement Solutions Market, Therapeutic Area Outlook (Revenue, USD Million, 2013 - 2024)
Patient Engagement Solutions Market Regional Outlook (Revenue, USD Million, 2013 - 2024)
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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