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

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 refer to solutions that enable medical organizations to interact with their patients like an online patient portal. The demand for patient engagement solutions is increasing because of the growing awareness of mobile health, and ageing population, and government incentives. In recent times, patient engagement solutions are evolving medical care by guaranteeing better health and patient outcomes. Today, patients can share information with the help of technology that can assist them with personalized care and health monitoring. These innovations are particularly helpful for people who are suffering from chronic illnesses. The number of patients who monitor their health data has dramatically increased, and many are ready to share their information for tracking their health.

Nowadays, with the availability of easy body check-up devices patients are willing to prick their fingers at home for blood tests so that they can check the blood glucose, triglycerides, cholesterol, inflammation, and other conditions. These checks can be performed by connecting to an application that can monitor these variables. The high demand for tracking health data along with other factors like ageing population is increasing the patient engagement solutions market. Furthermore, the increasing use of mobile applications has also contributed to the progression of patient engagement solutions. The increasing prevalence of chronic diseases along with government initiatives to raise awareness about the engagement solutions have aided the patient engagement solutions market’s growth. These factors are also attracting investors and encouraging them to launch more efficient patient engagement solutions, boosting market growth.