Skip to main content

Proliferating Geriatric Population: Major Driver for the Global Patient Engagement Solutions Market


The geriatric population is the major end user segment of healthcare services. Involvement of geriatric population is significant in healthcare decision making and wellness activities. The rising geriatric population is driving the market growth for patient engagement solutions. According to World Health Organization, in 2017, the global population aged 60 years or more was 962 million, that was more than twice of the same in 1980. The geriatric population is expected to double and reach up to 2.1 billion in 2050.



The strategies followed by several companies to increase their market dominance may vary from product launches to strategic partnerships, collaborations, and agreements. Besides, on tracking and analyzing the significant developments witnessed in the market for the past three years (February 2016- June 2019), it has been observed that majority of the players in the market prefer partnerships, mergers and acquisitions to further expand the business, while the relatively less adopted strategies comprised expansion and agreement. In the past four years (February 2016-June 2019), the market witnessed approximately 78 partnerships, 15 acquisitions, eight collaborations, 22 launches, three agreements, four awards, two funding, three business expansions, and two mergers.

As per BIS Research study, the global patient engagement solutions market is projected to grow at a significant CAGR of 14.09% during the forecast period, 2019-2028.

This work has been designed to answer some of the most crucial questions of the global patient engagement solution market:
§  What are the major market drivers, challenges, and opportunities in the global patient engagement solution market?
§  What is the global patient engagement solution market size in terms of revenue in the period 2016-2028?
§  How is each segment of the global patient engagement solution market expected to grow during the forecast period and what is the revenue expected to be generated by each of the segments by the end of 2028?
§  What are the key development strategies implemented by the key major players to sustain in the competitive market?
§  What is the growth potential of the patient engagement solution market in each region, namely North America, Europe, Asia-Pacific, and the Rest-of-the-World?
§  What components (software and services) are offered by key players such as IBM Corporation, McKesson Corporation, Allscripts Healthcare Solutions, Inc., Cisco, and Cerner Corporation?

Comments

Popular posts from this blog

Chatbots Increasing Efficiency in Healthcare Market

Chatbots are one of the prominent technologies currently being integrated into the healthcare system. The chatbots are not considered as the SaMD (software as medical device) as they do not participate in clinical decision-making process, rather, they act as the personal healthcare assistant as well as the trainer for its users. Click Here To Get Detailed Description of  Chatbots in Healthcare Market The usage of chatbots in the healthcare has gained popularity since 2013, when Babylon Health, the first healthcare chatbot company of the U.K. was launched. The company offered symptom checker chatbot and has started using the same chatbot as a health checker as well. The industry comprises the bot developers, platform providers, content providers, and the interface providers. Since there are no regulatory bodies such as FDA and MHRA directly governing the usage of chatbots, launching the chatbot is convenient for the developers. New start-ups are coming up wit...

Wireless Charging Technology – Analyzing the Market Drivers and Restraints

Wireless charging technology eliminates the use of wires to power devices and enables a device to be charged automatically when placed near a transmitter. The wireless charging technology is however, not new in the world of technology, rather, has been in existence since the late 1800s. With the incorporation of the technology in smartphones, it has been experiencing a massive boost in popularity. Request the Sample @  https://bisresearch.com/requestsample?id=645&type=download According to the latest market intelligence report by BIS Research titled “ Global Wireless Charging Market - Analysis and Forecast (2018-2023) ,” the market was valued at $2.58 billion in 2017 and is projected to grow at a CAGR of 40.97%, during the forecast period and reach $20.97 billion by 2023.  The market is estimated to witness the highest growth in the Asia-Pacific (APAC) region during the forecast period (2018-2023). The wireless charging technology is not only limited to the sm...

Analyzing the Growth and Expansion of the Neurostimulation Devices Market

The global healthcare economic burden, at present, is primarily characterized by major contributors such as chronic pain and neurological disorders. The annual societal cost for chronic pain and neurological disorders accounted for $635 billion and $789 billion respectively in the U.S., in 2014. Opioids are one of the most preferred medicines for the treatment of chronic pain, however, the side-effects associated with opioids have resulted in a decline in their overall usage and sale. Consequently, the increasing cases of neurological disorders and the need for a novel approach for the treatment of such diseases has led to the advent of neuromodulation technologies. The rapid shift of the healthcare industry toward neurostimulation devices from opioids and other conventional treatment techniques can be attributed to the efficient, safe, and targeted approach of neurostimulation devices. BIS Research recently published a market intelligence report titled “ Global Neurostim...