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Research Proposal
Prepared for Alex B. | Delivered September 25, 2019
Patient Engagement Software
Goals
To gain a better understanding of the patient engagement software market, as well as the competitive landscape for company
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, including market size, projected market size, key competitors, and consumer demographics
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Early Findings
The total market size of patient engagement solutions globally was
$12.86 billion in 2018
.
Growth in this market is exceptionally rapid, with a projected
CAGR of 20.43%
.
Growth was contributed to
patients' growing demand for ability to self-manage their care, growing medical tourism, rising used of cloud-based networking, investments in healthcare IT, and shift to
value based care models.
The market is segmented by delivery mode into on premise, web-based, and cloud-based solutions, with web-based delivery holding
75% of the market
in 2018.
Key competitors in the space include
Healthy Interaction
s,
O
m
e
d
i
x
,
HealthGrid,
Axial Exchange
,
and
C
o
n
v
e
r
s
a
.
Healthy Interactions
is a patient engagement platform for healthcare communication solutions, with an estimated annual revenue of
$4 million.
O
m
e
d
i
x
is a patient engagement company that offers a range of solutions including patient reminders, portals, and medical website options, with
a
estimated annual revenue of
$9.9 million.
HealthGrid
is an enterprise based patient engagement platform that delivers personalized patient solutions, and has an estimated annual revenue of $5 million.
Axial Exchange
is a patient engagement solutions company for hospitals and health systems with an estimated annual revenue of
$13 million
.
C
o
n
v
e
r
s
a
is a patient tracking platform that offers health issue tracking, digital checkups, and communication, with an estimated annual revenue of
$3.5 million.
A study on patient engagement solutions noted that when providers leverage apps and online portals for patient engagement, "they
garner engagement rates of
60% and higher.
”
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Prepared By
Jennifer P.
1284 assignments | 5.0