Due to this covid-19 situation, we all are aware of the fact that there is uncertainty in everything. We cannot be specific about all the things. The same is the scenario with patient engagement solutions market.
These days the market dealing with patient engagement solution will be going to reach 19.3 billion USD by 2025 from 11.9 billion USD in 2020. The major reason for increment in this growth is because of the multiple implementations of government regulations. Moreover, there are certain initiatives taken into consideration for promoting patient-centric care, increasing utilization of mobile health applications, and increasing demand for patient engagement solutions as well.
Let’s know something more about it:-
Impact of covid-19 on the patient engagement solution market:
Covid-19 comes up with an effect which is just unbeatable. There is immense pressure on all the medical practices and healthcare facilities across the globe. The patients are visiting the hospitals on a regular basis for getting their checkup done. As per the patient engagement solution market report as compared to a normal scale, now people approach 10 times more. They are being so conscious about their health and want to get accurate diagnosis and treatment.
Moreover, now the market is available with all the treatment devices which help individuals to get the test done easily. Moreover, in the covid-19 situation, the social distancing among physicians and patients has been maintained in a manner which let individuals understand about the use of technology in patient engagement pollution market as well.
Also, this is leading to improve the adoption of solutions in the current times. No one can deny that medical practices are improving day by day.
Implementation of government regulations and initiatives to promote patient-centric care:
There is no doubt in the fact that the government across the globe is implementing multiple regulations and initiatives so that person can adopt patient engagement solutions. Now the health ministers are coming up with declarations Here they are mentioning about the health practices which a person can adopt. Moreover, now eHealth is also considered where certain protocols have been made. In the US, the Patient Protection and Affordable Care Act or Affordable Care Act signed in March 2010, and now it is resulting in the increment in the number of stakeholders. These are subscribing to patient engagement solutions, and there will be an improvement in reimbursement clause as well.
Chronic diseases account for the largest therapeutic use market in the patient engagement solution:
In 2019 based on the therapeutic area, the patient engagement solution market was somewhere segmented into chronic diseases. Some other problems related to women health also came into consideration. It was contributing a major role in the market. The largest share of this segment is then attributed it to the high burden of chronic diseases.
Wrapping it up:
It is quite evident that the patient engagement solution market is creating a place which is unbeatable. In coming years it will be going to come up with all the solutions. Everyone is expecting that soon it will be going to become a $12.86 billion market.