The global patient engagement solutions market was valued at $7.4 billion in 2015, and is not expected to slow down anytime soon, according to a new report by Grand View Research.
Here are five report findings on the global patient engagement solutions market.
1. The global patient engagement solutions market is expected to reach $39.3 billion by 2024.
2. This growth is expected to be fueled by the increase of medical tourism, as well as the rising use of cloud-based networking models and the increasing number of investments in the healthcare IT.
3. The Affordable Care Act further contributes to the growth by introducing programs at hospitals to conduct surveys that get information on patient satisfaction, such as HCAHPS scores, according to the report.
4. The web-based delivery segment of the global patient engagement solutions market held the largest share of the market in 2015, accounting for more than 75 percent of the share. However, the cloud-based segment is expected to exhibit the highest growth through 2024.
5. In 2015, North America held the largest share of the global patient engagement solutions market and accounted for more than 40 percent of the market.