The global patient engagement solutionmarket is anticipated to grow at a significant CAGR of 10.3% during the forecast period. The market growth is attributed to the increasing prevalence of chronic diseases coupled with the shifting focus of patients towards self-managing care tends to contribute significantly to the growth of the global patient engagement solutions industry. Further, rapid rises in medical tourism along with the increasing adoption of cloud-based solutions also give a boost to the growth of the market. In addition, increasing investment in healthcare IT in developing nations is expected to spur the growth of the global patient engagement solutions market.
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Impact of COVID-19 Pandemic on Global Patient Engagement Solution Market
The COVID-19 pandemic has a significant effect on the global patient engagement solution market due to the increased need for social distancing among physicians and patients, which has driven the demand for remote patient monitoring and telehealth solutions. Several key players were launching new products to stay competitive in the market. For instance, in December 2020, Topcon Healthcare launched its new Telehealth Software Platform Topcon RDx. The software permit professionals to connect to their clinic remotely and conduct comprehensive eye exams in real-time from virtually anywhere.
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The global patient engagement solutions market is segmented based on the delivery model and application. Based on the delivery model, the market is bifurcated into on-premise and cloud-based. Based on application, the market is segmented into health management, home health management, financial health management, and social and behavioral management. The above-mentioned segments can be customized as per the requirements. Among these, the home health management application of patient engagement solutions is expected to witness remarkable growth during the forecast period due to the increasing demand for home-based healthcare solutions owing to the shifting focus of patients for self-managing care.
Global Patient Engagement Solutions Market- Segmentation
By Delivery Mode
- On-Premises
- Cloud-Based
By Application
- Health Management
- Home Health Management
- Financial Health Management
- Social and Behavioral Management
