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North America Patient Engagement Solutions Market is Forecasted to Attain a Size of $9.4 Billion By 2023: P&S Market Research

(July 10, 2018)

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.

More Reports Published by P&S Market Research

mHealth Market

North America held the largest share in the mHealth market, with 37.8% in 2017. This leading position of the regional market is mainly due to the increasing healthcare spending, growing geriatric population, rising prevalence of chronic and lifestyle associated disease and improving consumer accessibility to connected medical devices. Increasing aging population with chronic diseases further add to the demand of remote monitoring devices and different mobile health applications.

https://www.psmarketresearch.com/market-analysis/mobile-healthcare-market

IoT Healthcare Market

During the forecast period, the internet of things in healthcare market is expected to witness the fastest growth in Asia-Pacific (APAC), at a CAGR of 34.4%. This growth in the regional-level market is mainly due to the growing geriatric population and surge in the occurrence of various chronic diseases such as diabetes, chronic obstructive pulmonary disease, asthma, and others. Furthermore, North America held the largest share in the global market, contributing over 44.3% revenue in 2017, owing to improved healthcare infrastructure and increased healthcare spending.

https://www.psmarketresearch.com/market-analysis/internet-of-things-in-healthcare-market

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research-based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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