Patient Engagement Software Market is Projected to Grow at A CAGR of 16.8% During 2020-2026

ABOUT THIS REPORT

OVERVIEW

Patient Engagement Software Market is valued at USD 11.6 million in 2019 and is expected to reach USD XX million by the end of 2026.

Bizlytik analysts forecast the global Patient Engagement Software market to grow at a CAGR of 16.8% during the forecast period, according to their latest market research report.

Patient engagement software is a digital application that patients can access on their smartphone, tablet or computer. It is a platform which allows physicians to manage the patient-provider relationship, communicate with patients and offer medical, educational resources to patients. It is a useful tool to improve health outcomes of patient and population, improve patient experience and lower cost, and it is the most effective way to engage the patients in their care.

The government initiatives and regulations to promote patient-centric care has improve the market growth. The U.S. Department of Health and Human Services (HHS) has introduced new rules to secure access, exchange information, and use of electronic health information. MyHealthEData initiative would reduce the burden on patients and providers, increase the flow of health information, and foster innovation by unleashing data for researchers and innovators.

Further, the Ministry of Health and Family Welfare (MoHFW) has introduced various e-Gov initiatives in Health care sectors in India. The initiatives are to make all medical facilities available from any part of the world all-time through Web services, mobile services, SMS, or Call center services. The services cover Online medical consultation, Online medical records, Online medicine supply management and Pan-India exchange for patient information.

Web-based, Cloud-based, and On-premise are covered in the Type segment of the market scope, and the Application segment is categorized into Payers, Providers, and Individual Users. The report covers value of the global market by Type, and Application.

The market value of Web-based was USD XX Million in 2019, and it is expected to reach USD XX Million by 2026, growing at a CAGR of 16.6% during 2020-2026. The increasing development of advanced, Web-based patient engagement software would propel the growth of the segment.

North America, Europe, Asia Pacific, South America, and Middle East & Africa are taken into consideration at the global Patient Engagement Software Value figures. While North America is further categorized into enhancing United States, Canada, and Mexico, Europe is split into the United Kingdom, Germany, France, Italy, and Rest of Europe. Asia-Pacific covers India, China, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Brazil, Argentina, and Rest of South America, with Middle East & Africa involving GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

North America Patient Engagement Software market was USD XX Million in 2019, and it is predicted to reach USD XX Million by 2026, growing at a CAGR of 16.7% during the forecast period. The increasing launch of new and advanced patient engagement software, integration of patient engagement software, and government initiative towards Patient-Centric Care would improve the growth prospects of the market.

Major players operating in the Patient Engagement Software industry include IBM, Cerner Corporation, Epic Systems, McKesson Corporation, Athenahealth, Allscripts, GetWell Network, Medecision, Lincor Solutions, Orion Health, Get Real, Oneview.

Introduction of new and advanced patient engagement software, integration of patient engagement software, and partnership and collaboration between companies to develop patient engagement platform are some of the key strategies adopted by the top companies.