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Research Outline

Prepared for Alex | Delivered September 25, 2019

Patient Engagement Platforms

Goals

To understand the current patient engagement platforms' market, future projections, and its evolution over time.

Early Findings

PATIENT ENGAGEMENT PLATFORMS MARKET
  • The market size was $12.86 billion in 2018
  • The market's CAGR is 20.43% for the period of 2019-2026.
  • Cloud-based solutions exhibit the highest CAGR of over 20%. 
  • North America has the largest market share of these platforms.
  • By 2025, this market is expected to generate about $48.24B.
TYPES OF PLATFORMS
COMPONENTS
  • These platforms consisted of three components: hardware, software, and services.
  • The software is either a standalone solution or an integrated solution.
  • The services include consultation, implementation, training and education, post-sale and maintenance, advertising, and enrollment.
AREAS OF APPLICATION
  • The four main areas of application include health management, social and behavioral management, home health management, and financial health management.
THE FUTURE OF PATIENT ENGAGEMENT
  • This platforms will enhance the experience for patients, making them feel like they are in charge of their own journey.
  • The technology has potential in expanding to wearables, home monitoring devices, and mobile health technology.
  • If future technology is implemented properly, it can result in uninterrupted online care and sophisticated data analytics.
  • The current platforms, such as portals, will address the customer experience and user interface to enhance engagement.