The global patient engagement solutions market is expected to reach USD 18.68 Billion by 2022 from USD 8.80 Billion in 2017, at a CAGR of 16.2%. The growth of this market is majorly driven by factors such as a rise in the aging population, increasing burden of chronic diseases, and focus of patients on self-managing their care.

Market Growth Drivers:
1 Implementation of Government Regulations and Initiatives to Promote Patient-Centric Care
2 Implementation of Incentives to Shift the Burden of Risk From Healthcare Payers to Providers
3 Growing Popularity of Patient Engagement Solutions Among the Aging Population
4 Significant Investments in Hcit By Stakeholders
5 Rising Number of Collaborations and Partnerships Between Stakeholders
6 Increasing Utilization of Mobile Health Solutions

Restraints
1 Requirement of Investments in Infrastructure for Implementing Patient Engagement Solutions
2 Protection of Patient Information
3 Lack of Interoperability
4 Dearth of Skilled IT Professionals in the Healthcare Industry

Opportunities
1 Emerging Asian Countries
2 Growing Medical Tourism
3 Wearable Health Technology
Cloud-Based Models

Challenges
1 High Cost of Deployment
2 Lack of Health Literacy

Geographically, North America is estimated to account for the largest share of the global market, followed by Europe. The growth of the North American market is expected to be centered particularly in the US. Growth in this segment is largely driven by the federal mandates, focus on Meaningful Use of Healthcare IT, need to curb rising healthcare cost and reduce hospital readmissions, rising number of accountable care organizations (ACO) as end users for patient engagement platforms, rising aging population in the US, and Canada’s efforts to enhance healthcare delivery and digital health measures in Canada.

Patient engagement solutions market Players:

In 2017, McKesson Corporation (US) and Cerner Corporation (US) were some of the major players in the global market. Some of the other players competing in the market are Allscripts (US), IBM (US), athenahealth (US), Orion Health (New Zealand), Getwell Network (US), Lincor Solutions (Ireland), Yourcare Universe (US), WelVU (US), Get Real Health (US), and Oneview Healthcare (Ireland).

Know More: https://www.marketsandmarkets.com/Market-Reports/patient-engagement-solutions-market-105975994.html