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+16% CAGR Growth Patient Engagement Software Market To be Booming industry, know what factors are driving it

Key Players profiled in this report: Allscripts Healthcare Solutions, Phytel, Inc, Athenahealth, Orion Health Ltd, Cerner Corporation, GetWellNetwork, Inc, Lincor Solutions Ltd, YourCareUniverse, Inc, WelVU, Get Real Health, Oneview Healthcare

Houston, United States - May 25, 2018 /MarketersMedia/

The growth of Patient Engagement Software Market is driven largely by factors such as rising population aging, increasing the burden of chronic illness and focusing patients on self-management of their care

Based on the component, the market for patient loyalty solutions is largely fragmented into software, hardware and services. In 2017, the software industry is estimated to account for the largest share of the global market for patient loyalty solutions. Based on the delivery method, the market for patient engagement solutions is further classified into model-based and cloud-based models. In 2017, on-site delivery is expected to account for the largest share of the global market for patient loyalty solutions. However, the cloud-based solutions market is expected to drive the Global market The ability to access computers and storage resources quickly, when required without the need for a large technical staff, is one of the reasons leading to the development of the mode delivery mode.
Research experts project The market to Grow at a CAGR of +16% by 2022 The growing frequency of medical tourism, coupled with the growing use of cloud-based networking models and the growing number of health technology investments in developing countries, are expected to boost industry growth during the forecast period.
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This report studies the global Patient Engagement Software market, analyzes and researches the Patient Engagement Software development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market,
Key players Profiled in this report are: McKesson Corporation, Allscripts Healthcare Solutions, Phytel, Inc, Athenahealth, Orion Health Ltd, Cerner Corporation, GetWellNetwork, Inc, Lincor Solutions Ltd, YourCareUniverse, Inc, WelVU, Get Real Health, Oneview Healthcare
Based on the application, the market for patient involvement solutions is further fragmented in health management, social management and behavior, home health management and financial health.
Favorable government laws and awareness-raising initiatives are expected to be one of the key factors for market development. For example, the Readmission Reduction Program, initiated by Medicare and Medicaid Services (CMS) Centers, inspires providers to be actively involved in patient engagement solutions to reduce readmission rates by providing better services to hospitals.

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The Act on Affordable Care (ACA) further promotes the development of this area by introducing programs such as hospital and healthcare consumer assessment (HCAHPS) into hospitals to conduct surveys that collect information on patient satisfaction related to hospital care and services. This serves as a tool for standardized measurement of the quality of care provided in hospitals.
Increased patient involvement achieved through such patient engagement efforts will have an impact on health and then enhance healthcare provision in today's medical system. Technological progress, access to large data and increased consumer spending on healthcare are the main factors that could lead to demand for patient-to-patient solutions in various organizations

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Release ID: 350884

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