Pune, India -- (SBWIRE) -- 11/13/2018 -- The main objective of this report is to define, describe, and forecast the global "Patient Engagement Solutions" market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market. According to the report, the global patient engagement solutions market is projected to grow at a CAGR of 23.3% over the forecast period of 2018-2024.

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Lumina kicks venture capital arm into high gear

In June 2017- Indianapolis-based Lumina Foundation has been making grants to organizations that support its mission of increasing the number of adults obtaining postsecondary credentials.

Lumina has aggressively moved in a more novel direction, funneling more of its $1.2 billion endowment into venture capital. Instead of just handing out grants, it's taking ownership stakes in for-profit businesses, mainly education-tech startups.

Lumina for several years has invested some endowment funds in venture capital firms that, in turn, invest in companies. But in March 2016, it went a step further, establishing its own venture capital division Lumina Impact Ventures.

Increasing government initiatives to promote growth in the patient engagement solutions market

Patient engagement solution offers hospital or clinics with better customer retention competence at the same time it helps them to treat patients in the most effective way possible. Furthermore growing investments by healthcare IT players, rising demand for better healthcare facilities, and increasing government initiatives are the major factors driving the growth of patient engagement solutions. As the patient engagement technology runs on a conjoint platform, healthcare firms are heading towards automated processes, which provide an improved response, agility and cost efficiency. Technological advancement and access to big data in healthcare industry is strengthening the growth of the patient engagement solutions market. However, Lack of interoperability is likely to hamper the growth of the patient engagement solutions market .Furthermore, increase in retail insurance system is further anticipated to create several growth opportunities for the key players in the patient engagement solution market. On the other hand, to fulfill the consumer expectations many healthcare organizations are rearranging themselves in terms of service, quality and cost.

North America to contribute its growth in the global patient engagement solutions market

North America dominated the global patient engagement solutions market. The growth in the North American region is due to the increasing IT sector along with increasing demand for mobile healthcare options. Moreover, National Health Services (NHS) is a publically funded system in the UK which are propelling the patient engagement solutions in the European region. Asia Pacific is anticipated to experience the fastest growth owing to the increasing population and rising disposable income for improves healthcare solutions. China and India are anticipated to be the fastest growing markets in the Asia-Pacific region.

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Key Industry Players In Patient Engagement Solutions Market Studied in Report Are:

The report provides profiles of the companies in the global patient engagement solutions market such as Phytel, Inc., McKesson Corporation, Cerner Corporation, Athenahealth, Inc., Allscripts Healthcare Solutions, Inc., MEDecision, Inc., GetWellNetwork, Inc., YourCareUniverse, Inc., Lincor Solutions Ltd., and Orion Health Ltd.

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