What is the global market size of Patient Engagement Solutions Market?

Patient Engagement Solutions Market size was valued at USD 16.58 billion in 2021 and is poised to grow from USD 19.5 billion in 2022 to USD 70.2 billion by 2030, growing at a CAGR of 17.54% in the forecast period (2023-2030).

Who are the key vendors in the Global Patient Engagement Solutions Market?

Numerous businesses are actively working to increase their market share and diversify their product offerings on the worldwide market. By making investments in R&D, incorporating cutting-edge technology into their products, and releasing updated items for the market, the players continue to dominate the market. To gain a competitive edge and solidify their market positions, these industry actors are exploring a range of inorganic growth strategies. 'Allscripts Healthcare Solutions, Inc.', 'Athenahealth, Inc.', 'Cerner Corporation', 'GetWellNetwork, Inc.', 'IBM Watson Health', 'Lincor Solutions Ltd.', 'McKesson Corporation', 'Medtronic plc', 'Microsoft Corporation', 'Orion Health Ltd.', 'Philips Healthcare', 'Salesforce.com, Inc.', 'Siemens Healthineers AG', 'Sonifi Health, Inc.', 'Stericycle Communication Solutions', 'Teladoc Health, Inc.', 'Vocera Communications, Inc.', 'WebMD Health Corp.', 'Wolters Kluwer N.V.', 'Zocdoc, Inc.'

What is the key driver of Global Patient Engagement Solutions Market?

As health problems are growing more prevalent, health tracking is getting more widespread. In today's technologically advanced environment, patients have access to information that help in providing them with tailored care and allowing them to monitor their health. In order to monitor their health, more people are keeping track of their data, and many of them share it with their doctors and fitness instructors. During the anticipated period, the market for patient engagement solutions will continue to develop due to the high demand for health and fitness tracking gadgets.

What is the key market trend for Global Patient Engagement Solutions Market?

Growing Adoption: In order to improve patient adherence to therapy and health outcomes, businesses in the life sciences sector are concentrating on making their organisations, people, processes, and platforms more engaging for patients.

Which region accounted for the largest share in Global Patient Engagement Solutions Market?

Due to the presence of major market players in the region, growing acceptance of medical and electronic health records (EHR), and rising investments in patient engagement software by major corporations, the market for patient engagement solutions in North America accounted for the largest revenue share in 2022. Additionally, rising awareness is anticipated to support market revenue growth in the area, along with increased government investment in the healthcare sector and the advancement of contemporary technology.

Patient Engagement Solutions Market Size, Share, Growth Analysis, By Component(Software (Standalone Software, and Services), By Therapeutic Area(Chronic Diseases, Fitness, and Others), By Functionality(Telehealth, E-Prescribing, and Billing & Payments), By End Users(Providers and Payers), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35A2540 | Region: Global | Published Date: August, 2024
Pages: 165 | Tables: 181 | Figures: 79

Patient Engagement Solutions Market News

Engage Technologies Group Inc. Collaborated with APX Platform in April 2023. The objective was to develop an industry-disrupting Practice Performance System. It will emphasize patient engagement and practice improvement.
Close Loop Medicine Ltd. entered into a global co-development partnership with Pharmanovia in May 2023. The collaboration will focus on the development and launch of drugs before introducing it to the market and adding other medicines.
Athenahealth Inc. Made the announcement that LCH Health and Community Services has implemented athenaOne in May 2023. This is athenahealth’s integrated, cloud-based electronic health record (EHR), medical billing, and patient engagement solution.

Patient Engagement Solutions Market Report Snapshots

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Patient Engagement Solutions Market size was valued at USD 16.58 Billion in 2022 and is poised to grow from USD 19.49 Billion in 2023 to USD 70 Billion by 2031, growing at a CAGR of 17.54 % in the forecast period (2024-2031).

Patient Engagement Solutions Market Recent Developments 'IBM (US)', 'McKesson Corporation (US)', 'Allscripts (US) ', 'ResMed (US) ', 'Epic Systems Corporation (US) ', 'Orion Health (New Zealand) ', 'GetWellNetwork (US) ', 'Athenahealth (US) ', 'Oneview Healthcare (Ireland) ', 'MEDITECH (US) ', 'Cognizant (US) ', 'Symphony Care (US) ', 'Harris Healthcare (US) '

High Demand for Personalized Care and Patient Engagement: The utilization of patient interaction technologies in individualized care is increasing. This patient engagement solutions market trend shows that the care patient receives is personalized for meeting their unique needs. AI and ML can be utilized for evaluating patient data. Patients can also manage their own health with the help of personalized patient engagement tools and interact with their physicians to know about their health.

North America is witnessing the maximum growth in the patient engagement solutions market. This is mainly due to prominent market players in the region. The increasing adoption of mhealth and EHR and rising investment in patient engagement software by companies are also positively influencing the patient engagement solutions market growth. In recent times, government initiatives are also increasing their initiatives as they are trying to encourage people to use patient engagement solutions. Governments are also increasing their investment in the medical sectors to increase advancements and awareness among people. The US is experiencing huge growth in the North Amercian market due to better cost control and care coordination, fueling the expansion of the market.

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What is the global market size of Patient Engagement Solutions Market?

Who are the key vendors in the Patient Engagement Solutions Market?

What is the key driver of Patient Engagement Solutions Market?

What is the key market trend for Patient Engagement Solutions Market?

Which region accounted for the largest share in Patient Engagement Solutions Market?

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