Patient Engagement Technology Market Challenges, Business Overview, Top Trends, Technology, Growth, Impact Of Covid-19 on Industry
Patient Engagement Technology Market Overview:
Patient Engagement Technology Market is becoming more popular among healthcare providers, payers, and patients all over the world, particularly in the United States. From the perspective of the providers, this research presents a qualitative review of patient engagement technology in terms of pricing, vendor replacement trends, and selection criteria for implementing patient engagement technology.
The patient engagement technology market is predicted to grow as the healthcare industry rapidly transitions from a volume-based fee-for-service reimbursement system to a value-based reimbursement system. The adoption of patient interaction technology allows the healthcare business to save money while enhancing quality. In addition, the technology generates a positive return on investment.
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The patient engagement technology market is expected to rapidly grow as the healthcare industry witnesses a shift to a value-based reimbursement system from the traditional volume-based fee for reimbursement system. Adoption of patient engagement technology enables the healthcare industry to reduce costs while improving the quality of healthcare. The technology also provides positive returns on investment.
Furthermore, legislative reforms of the Affordable Care Act (ACA) in the U.S., E-government action plan of European Union, government incentives, rising aging population, and increasing awareness to self-monitor health, has stimulated the adoption of patient engagement technology in the healthcare industry. However, in spite of numerous benefits, certain barriers such as huge investments requirement, fragmented end-user market, and security of patient data are restraining the growth of this market.
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The research findings cited in the report encapsulate the buying behavior of hospitals for patient engagement technology. It analyses hospitals buying behavior taking into account the size of the hospital and considering the role of key stakeholders in the hospital. Physicians are reported to use this technology majorly to improve patient communication and satisfaction, and a large percentage of patients reported that they used it for viewing diagnostic tests and records. Selection criteria considered by providers for embracing patient engagement technology is also included in the scope of the study. A separate section on assessment of lucrative end-user segments is a value-add for the report as well as for its stakeholders. The report also analyzes at length vendor replacement trends and the implementation status (2019) of mobile technology used for patient engagement against various applications.
Segmentation:
End-User Market Potential Analysis (Qualitative Assessment)
Hospitals Buying Behavior Assessment
Purchase intention, by Hospital Size
Purchase intention, by Role
Pricing Analysis of Patient Engagement Technology
Licensing fees
Implementation fees
Annual license maintenance fees
Up-gradation and integration fees
Consulting fees
Patient Engagement Technology Market: Patient Engagement Technology Replacement Trends (Qualitative Assessment)
Factors triggering the replacement of Patient Engagement Technology
Role of Mobile in Patient Engagement
Importance of mobile and mobile health .applications in patient engagement market
Implementation status of mobile health technology
Patient Engagement Technology Market: Selection Criteria for Patient Engagement Technology (Provider Perspective)
Accessibility and ease of use
Data security
Integrated Value-based Care programs
Cost-efficient technology
Integration capabilities
Aligned functionality
Vendor reputation
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