MarketsandMarkets

Patient Engagement Solutions Market: Opportunities and Challenges

Patient engagement solutions involve healthcare information technology (HCIT) solutions, associated hardware, and services that are typically used to engage patients in their own health.

 

Northrook, IL -- (SBWIRE) -- 11/14/2019 -- The Patient Engagement Solutions Market is projected to reach USD 18.68 Billion by 2022 from USD 7.49 Billion in 2016, at a CAGR of 16.2%, as per a report by MarketsandMarkets.

Why wearable health technology presents a good opportunity?

Wearable health devices are capable of tracking medically useful health information. Increased data processing power, faster wireless communication with higher bandwidth, and improved design of microelectronics and sensor devices are the major factors that have contributed to the rapid uptake of wearable devices.

Ambient sensors, as well as easy-to-wear wearable/implantable devices equipped with continuous multimodal sensing capabilities and support for data fusion, are being deployed in a wide range of clinical applications. However, most healthcare facilities are not equipped to process and protect data tracked by wearable devices. In this regard, discovering how wearable health technology can be deployed in remote monitoring scenarios and how it can help detect the early stages of serious medical conditions is a huge opportunity for stakeholders.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=105975994

Why the lack of health literacy remains a challenge?

Health literacy is the ability to find, read, and use health-related information to make decisions about one's own healthcare. Health literacy is a major concern across the US, as more than 90 million adults have low health literacy in the country. As a result, these individuals have difficulty in understanding and using health information such as instructions contained in prescriptions or on medicine bottles, appointment receipts, informed consent documents, insurance forms, and health educational material. Also, patients with low levels of health literacy do not have the ability to make decisions regarding their health. This is due to their lack of familiarity with medical conditions and the medical context of provided materials. In addition, educational material is often not written at a level that patients with limited health literacy can grasp; the situation is exacerbated when their primary language is not English. For instance, when given the instructions, "Take two tablets by mouth twice daily," fewer than 35% of patients with limited literacy skills could correctly interpret the number of pills they should take in one day. Thus, patients with low health literacy levels face an increased risk of not being engaged with their health, affecting the quality of care delivered to them. As a result, the lack of health literacy is one of the major challenges for the adoption of patient engagement solutions.

Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=105975994

Browse Related Reports:

Patient Lateral Transfer Market by Product (Air Assisted Transfer Device (Type (Regular Mattress, Split Legs Mattress, Half Mattress), Material (Single Patient Use, Reusable)), Slide Sheets, Transfer Accessories) - Global Forecast to 2022

Patient Portal Market by Type (Standalone, and Integrated portal), by Delivery Mode (Web-Based, and Cloud- Based), & by End Users (Providers, Payers, Pharmacies, and Others) - Analysis & Global Forecast to 2020

About MarketsandMarkets™:

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com