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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?

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