Patient Engagement Software
To gain a better understanding of the patient engagement software market, as well as the competitive landscape for company Lumahealth.io, including market size, projected market size, key competitors, and consumer demographics
Growth in this market is exceptionally rapid, with a projected CAGR of 20.43%. 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. Omedix 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. Conversa 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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