U.S. Patient Engagement Solutions Market Size, Share & Trends Analysis Report By Delivery Type, By Component, By End-use, By Application, By Therapeutic Area, And Segment Forecasts 2018 - 2025

Industry Insights

The U.S. patient engagement solutions market size was valued at USD 2.9 billion in 2017. It is expected to expand at a CAGR of 19.5% over the forecast period. Rising geriatric population is one of the major market drivers. According to the United Nations (UN), geriatric population is expected to grow by 21.1% by 2050. Geriatric population is highly susceptible to chronic diseases and therefore requires routine health monitoring. This factor is expected to positively influence market growth in the years to come.

Furthermore, budding use of mobile health attributed to rapid penetration of mobile platforms in the healthcare industry coupled with provision of uninterrupted access to 3G and 4G networks are anticipated to bode well for global market growth. The Affordable Care Act (ACA) promotes expansion of solutions like patient engagement by introducing programs such as the Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS) at hospitals. These programs conduct surveys to gather patient satisfaction data regarding hospital care and services. 

Increasing prevalence of chronic conditions directly impacts the volume of surgical procedures. With the benefits like faster recovery time and reduced hospital stay and effects; robot-assisted surgeries are expected to witness a surge in demand over the forecast period. This factor is anticipated to bode well for market growth. In the U.S., over one million adults are diagnosed with chronic brain diseases every year. In 2014, it was reported that 50 million people suffer from neurological disorders leading to an annual healthcare expenditure of over USD 450 billion. This highlights the high volume of surgical intervention.

Number of patients with neurological disorders is set to grow exponentially in near future owing to continual rise in geriatric population in the region. This is leading to an increase in requirement of specialized surgical systems for brain-related surgeries. Rising adoption of da Vinci and Rosa Brain systems for higher precision and faster OR time may further boost market growth in the forthcoming years.

Delivery Type Insights

Based on data delivery types, the market is classified into web, cloud, and on premise. The cloud based segment is anticipated to experience the fastest growth over the forecast period owing to easy data access from remote locations and additional storage space offered by this mode. Web-based segment is expected to witness lucrative growth over the forecast period owing to reliability and presence of patient-friendly web portals.

However, the cloud-based segment is expected to exhibit the highest growth in the near future owing to affordability, scalability, and flexibility of cloud-based delivery. For instance, the YourCareLink interface engine developed by YourCareUniverse, Inc., which allows fast, safe, and accurate data transfer.

Component Insights

Based on components, the market is classified into software, hardware, and services. Technological advancements and emergence of novel solutions are likely to play an imperative role in the development of the overall market. The software segment is further bifurcated into standalone software and integrated software. It is anticipated to expand at the fastest CAGR over the forecast period. The services segment is further divided into education, consulting, and implementation. It is anticipated to hold the largest market share during the same period.

End-use Insights

Based on end-use, the market is classified into payers, providers, and individual users. Increasing use of mobile health and advancements in cloud based models are expected to boost individual user share in the near future. Payers are adopting risk sharing strategies with providers, with an intension to manage consumer care and to engage patients at every stage to state chronic health conditions.

Payers and providers leverage wearable devices and solutions that facilitate consumer engagement coupled with their fitness and wellness. This ensures that the patients keep in touch with providers. Payers are adopting mobile health, remote monitoring, and analytics among others for maximum patient engagement.

Application Insights

The market is classified into health management, social management, financial health management, and home healthcare management. Patient engagement solutions have widespread applications in the U.S. ranging from hospitals to home healthcare. Market players are meticulously involved in learning about patient needs to deliver efficient and effective solutions. 

Typically, social management solutions use business intelligence tools to collect data required to deliver an all-inclusive clinical picture of every patient. With the help of this data, healthcare providers can maintain patient track record to meet varying patient requirements. These solutions provide real-time patient insights to healthcare providers.

Therapeutic Area Insights

On the basis of therapeutic area, the U.S. patient engagement solutions market is categorized into mental health, chronic diseases, women’s health, fitness, and others. Rising prevalence of chronic diseases such as diabetes, AIDS, and cancer coupled with mounting geriatric and infant population are anticipated to boost market growth.

As stated by the American Diabetes Association, around 9.3% of young population and 25.9% of geriatric population suffered from diabetes in 2012. Rising prevalence of diabetes owing to sedentary lifestyle is anticipated to create business opportunities over the forecast period.

U.S. Patient Engagement Solutions Market Share Insights

Key market players are Orion Health Ltd.; Allscripts Healthcare Solutions, Inc.; Phytel, Inc.; McKesson Corporation; Athenahealth, Inc.; and Lincor Solutions Ltd. Most companies are adopting business strategies such as development of new solutions to curtail competition.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research, Inc. has segmented the U.S. patient engagement solutions market report on the basis of delivery type, component, application, end use, and therapeutic area:

• Delivery Type Outlook (Revenue, USD Million, 2014 - 2025)

  • Web based

  • Cloud based

  • On premise

• Component Outlook (Revenue, USD Million, 2014 - 2025)

  • Software

  • Services

  • Hardware

• Application Outlook (Revenue, USD Million, 2014 - 2025)

  • Social Management

  • Health Management

  • Home Healthcare Management

  • Financial Health Management

• End-use Outlook (Revenue, USD Million, 2014 - 2025)

  • Payers

  • Providers

  • Individual Users

• Therapeutic Area Outlook (Revenue, USD Million, 2014 - 2025)

  • Chronic diseases

  • Fitness

  • Women's Health

  • Mental Health

  • Others