Global Patient Engagement Solutions Market: 20% CAGR Forecast for Next 5 Years

DALLAS, December 3, 2014 /PRNewswire/ --

LifeScienceIndustryResearch.com adds Patient Engagement Solutions Market by Component (Hardware, Software & Services), Delivery Mode (On-premise, Web, & Cloud) & by End-user (Payer, Provider, Patients,& Others) - Trends & Global Forecasts to 2019 research report of 236 pages to the healthcare intelligence collection of its library.

Growing at 20% CAGR for 2014-2019, global patient engagement solutions market, worth $5.5 billion in 2014, is forecast to hit $13.7 billion by 2019. Major factors driving the patient engagement solutions market are legislative reforms of the Affordable Care Act (ACA) in the U.S., demand for improved quality of care, rise in aging population, and incentives by various governments for adoption of HCIT and patient engagement solutions. Benefits provided by patient engagement solutions such as, reduced hospital readmission rates, enhanced labor productivity, and improved quality of healthcare are resulting in an increase in the deployment of these solutions. However, in spite of numerous benefits of patient engagement solutions, certain barriers such as huge investments, fragmented end-user market, and security of patient data are restraining growth of this market. Complete report is available at http://www.lifescienceindustryresearch.com/patient-engagement-solutions-market-by-component-hardware-software-services-delivery-mode-on-premise-web-cloud-by-end-user-payer-provider-patients-others-trends-global-forecast.html .

North America accounted for the largest share of the global patient engagement solutions market in 2014, followed by Europe. However, Asia is expected to be the fastest-growing market owing to the increasing HCIT adoption, proficiency of IT skills, and growing medical tourism industry in this region. Over the years, the traditional approaches to patient care, quality assurance, and cost management have been inefficient. Therefore patient engagement solutions will be among the priorities on the investment list of healthcare organizations for improving quality outcomes and cost management. Based on the mode of delivery, web-based solutions accounted for the largest segment of the patient engagement solutions market in 2014. However, cloud-based solutions are the fastest-growing delivery modes.

The healthcare industry is undergoing a fundamental transformation globally as it shifts from a volume-based to a value-based one. Growing demand from consumers for improved healthcare quality and greater value are forcing healthcare providers and payers to deliver optimized outcomes. In addition, governments across the globe are working toward reducing healthcare costs, which increases the burden on payers and providers to meet government as well as consumer expectations, thereby compelling them to move towards patient engagement solutions.

Based on endusers, the providers segment accounted for the largest share. However, the providers and payers segments are expected to grow at a rapid rate in the end-user market. Based on applications, health management accounted for the largest share of the patient engagement solutions market in 2014. Chronic disease contributed to the largest share of the market, by therapeutic area and it is expected to grow at a rapid rate.

The major players in the global patient engagement solutions market and discussed in this research include McKesson Corporation (U.S.), Medecision, Inc. (U.S.), Allscripts, Inc. (U.S.), Phytel Inc. (U.S.), Cerner Corporation (U.S.), Orion Health (New Zealand), Aetna, Inc. (U.S.), Athenahealth, Inc. (U.S.), Emmi Solutions LLC (U.S.), and GetWellNetwork, Inc. (U.S.). Order a copy of this report at http://www.lifescienceindustryresearch.com/purchase?rname=23612 .

Regionally, in the U.S., Patient Engagement is a vital tool in curbing healthcare costs while Regulatory Mandates by ACA is stimulating the patient engagement solutions market in the u.s. aging population in the U.S. to aid the growth of the PES market where as increasing number of chronic diseases propel the patient engagement solution market. The European patient engagement solutions market is likely to be stimulated due to rising healthcare costs coupled with ageing population EHRS is laying the foundation for adoption of patient engagement while growth of HCIT market and consolidation of healthcare providers in Europe bodes well for this regional market. In Asia, growth in medical tourism is set to propel the patient engagement solutions market. Patient engagement services solutions are now a common way to control the expenditure of the rapidly growing Indian healthcare industry. New outline by Japan's information and communication technology stimulates the patient engagement solutions market. In rest of the world, healthcare investments in the Middle East are boosting the patient engagement solution market; growth of the HCIT market in Latin America is likely to propel the patient engagement solution market while Australia is also implementing a number of HCIT programs.

This patient engagement solutions industry report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market share. Firms purchasing the report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.

The report provides insights on the following pointers: 

• Market Penetration: Comprehensive information on product portfolio and services offered by the tenmajor players in the patient engagement solutions market. The report analyzes patient engagement solutions across geographies
• Product Development/Innovation: Detailed insights on the upcoming technologies, research and development activities, and new product launches in the patient engagement solutions market
• Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the patient engagement solutionsmarket across geographies
• Market Diversification: Extensive information about new products and services, untapped geographies, recent developments, and investments in the patient engagement solutions market
• Competitive Assessment: In-depth assessment of strategies, products, and services of leading players in the patient engagement solutions market

The Healthcare/Medical Simulation Market by Product (Patient Simulator, Surgical Simulator, Web-based simulation, Simulation Software, Dental Simulator, Eye Simulator), End-User (Academics, Hospitals, Military) & by Services - Global Forecast to 2019 is a research report of 250 pages that forecasts this industry to grow at a lucrative CAGR of 19.1% during the forecast period of 2014 to 2019. Increasing focus on training of medical practitioners, rising healthcare costs, growing focus on patient safety, consolidation of the manufacturers, and rising demand for minimally invasive technologies are expected to drive the growth of the global healthcare/medical simulation market during the forecast period of 2014 to 2019. Several manufacturers in the healthcare/medical simulation industry are increasingly adopting the multidisciplinary approach in their simulation systems to ensure patient safety, effective surgery outcomes, and reduce healthcare costs. Such a trend is expected to promote greater uptake of technologically advanced healthcare/medical simulation systems in the global medical industry. The major players in the healthcare/medical simulation market and discussed in this research include CAE, Inc. (Canada), Laerdal Medical AS (Norway), 3D Systems, Inc. (U.S.), Simulab Corporation (U.S.), Simulaids, Inc. (U.S.), Limbs and Things, Ltd (U.K.), Kyoto Kagaku Co., Ltd (Japan), Mentice AB (Sweden), Surgical Science Sweden AB (Sweden), and Gaumard Scientific Company, Inc. (U.S.). Complete report is available at http://www.lifescienceindustryresearch.com/healthcaremedical-simulation-market-by-product-patient-simulator-surgical-simulator-web-based-simulation-simulation-software-dental-simulator-eye-simulator-end-user-academics-hospitals-mil.html .

Explore more reports on the healthcare industry at http://www.lifescienceindustryresearch.com/category/healthcare .

About Us: 

Life Science Industry Research brings to you to the latest reports in market research on Biotechnology, Diagnostics, Healthcare, Medical Devices and Pharmaceuticals segments from leading research publishers across the globe. These reports also cover data and information on sub-segments and sectors under these life sciences categories.

Contact:  

Priyank Tiwari

TX, Dallas North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas 75252

Tel:  +1-888-391-5441
[email protected]

SOURCE Life Science Industry Research

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED