NEW YORK, July 10, 2018 (GLOBE NEWSWIRE) -- According to the market research report published by P&S Market Research, the patient engagement solutions market in North America is mainly driven by improvements in healthcare infrastructure, increasing healthcare spending, surging geriatric population, and growing prevalence of chronic diseases.
Based on component, the patient engagement solutions market in the region, has been categorized into software, hardware, and services. Of these, the fastest growth during the forecast period is expected from services, with 18.1% CAGR, due to the increasing support provided to patients, caregivers, and healthcare professionals during the management and treatment of diseases in healthcare centers.
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Patient engagement solutions can be delivered through three modes—web based, cloud based, and on-premise. Among these, web-based was the dominant delivery mode in the patient engagement solutions market in the region, during the historical period, with 62.3% contribution in 2017. In the web-based delivery mode, the services can be used over the internet, on the web browser, that requires no additional storage or hardware.
Browse report overview with 61 tables and 27 figures spread through 130 pages and detailed TOC on "North America Patient Engagement Solutions Market by Component (Software [Standalone, Integrated], Hardware, Services [Consulting, Education]), by Delivery Mode (Web Based, Cloud Based, On-Premise), by Application (Health Management, Home Health Management, Social & Behavioral Management, Financial Health Management), by Therapeutic Area (Chronic Diseases [Cardiovascular Diseases, Cancer, Diabetes, Obesity], Women Health, Fitness, Mental Health), by End User (Providers, Payers, Individual), by Geography (U.S., Canada) – Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023" at:https://www.psmarketresearch.com/market-analysis/north-america-patient-engagement-solutions-market
On the basis of application, the patient engagement solutions market in the region has been categorized into health management, home health management, social and behavioral management, and financial health management. Of these, the fastest growth during the forecast period is expected from home health management, at a CAGR of 16.5%. These solutions provide medical care to patients at their home, by integrating homecare services for medication and scheduling appointments with doctors.
Based on therapeutic area, the regional-level patient engagement solutions market has been categorized into chronic diseases, women health, mental health, fitness, and others. Throughout the forecast period, the chronic diseases category is expected to hold the largest market share and contribute 42.5% revenue in 2023. This can be attributed to the large pool of patients suffering from cardiovascular diseases in North America.
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On the basis of end user, the patient engagement solutions market has been categorized into providers, payers, individuals, and others. Of these, providers are expected to demonstrate the fastest growth in the market during the forecast period, with a CAGR of 16.1%. This can be ascribed to the increasing use of patient engagement solutions for maintaining medical records of patients in healthcare facilities, such as hospitals and clinics.
The companies operating in the patient engagement solutions industry in North America are acquiring related businesses of other companies in order to expand their market. For instance, in October 2017, Allscripts Healthcare Solutions Inc. (Allscripts) closed the acquisition of McKesson Corporation’s hospital and health system IT business, known as Enterprise Information Solutions (EIS) business. The transaction was done to expand its solutions portfolio and client base in the U.S. hospitals and health systems. Allscripts purchased the EIS business for $185 million in cash, subjected to an adjustment for net working capital and net debt.
Some of the other key players in the patient engagement solutions industry in North America, include athenahealth Inc., Cerner Corporation, International Business Machines Corporation (IBM), and Lincor Inc.
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