According to a new market research report “Patient Engagement Technology an Innovative Tool for Healthcare Industry, End User Market Trends and Analysis – (Pricing, Replacement Trends, Selection Criteria, and Buying Behavior)”, published by MarketsandMarkets, analyzes and studies the Patient Engagement Technology in terms of pricing, vendor replacement trends, and selection criteria of adopting Patient Engagement Technology from provider perspective. Early buyers will receive 10% customization on this report.
The Patient Engagement Technology market is expected to grow rapidly as the healthcare industry witnesses a shift to a value-based reimbursement system from the traditional volume-based fee for reimbursement system. Adoption of Patient Engagement Technology enables the healthcare industry to reduce costs while improving the quality of healthcare. The technology also provides positive returns on investment. Furthermore, legislative reforms of the Affordable Care Act (ACA) in the U.S., government incentives, and rising aging population has stimulated the adoption of Patient Engagement Technology in the healthcare industry. However, in spite of numerous benefits, certain barriers such as huge investments requirement, fragmented end-user market, and security of patient data are restraining the growth of this market.
The study provides granular information regarding pricing of Patient Engagement Technology with breakdown into various cost components. The report also provides insights on replacement market for Patient Engagement Technology; this market presents significant opportunity for vendors in the market due to poor usability of current Patient Engagement Technology.
The research findings cited in the report encapsulates the buying behavior of hospitals for Patient Engagement Technology. It analyses hospitals buying behavior taking into account the size of the hospital and considering the role of key stakeholders in the hospital. Selection criteria considered by providers for embracing Patient Engagement Technology is also included in the scope of the study. A separate section on assessment of lucrative end-user segments is a value-add for the report as well as for its stakeholders. The report also analyzes at length vendor replacement trends and the implementation status (2015) of mobile technology used for patient engagement against various applications.