Market Overview 2022-2027:
The global patient engagement solutions market reached a value of US$ 26 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 69.5 Billion by 2027, exhibiting a CAGR of 16.71% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Patient engagement solutions are utilized for gathering information and making decisions about the symptoms, illnesses, and available treatment options for patients. They facilitate healthcare professionals in communicating with their patients by using an online portal. They improve health outcomes, minimize hospitalization visits, encourage patients to make informed healthcare decisions and optimize their experience at relatively lower costs. As they deliver personalized experiences to patients, patient engagement solutions are gaining immense traction across the globe.
Patient Engagement Solutions Market Trends:
The increasing awareness about mobile health (m-health) among individuals and rising need for remote patient monitoring (RPM) services on account of the growing prevalence of viral infections and chronic disorders are key factors positively influencing the demand for patient engagement solutions worldwide. It can also be attributed to the incorporation of various technologies, such as artificial intelligence (AI), the internet of things (IoT), electronic health record (EHR) systems, and cloud computing solutions. In addition, the expanding geriatric population, which is more prone to developing severe medical conditions, along with considerable growth in the healthcare industry, is driving the market. Furthermore, rapid digitization, increasing sales of smartphones, high-speed internet connectivity, and improving income levels of individuals are catalyzing the demand for patient engagement solutions to provide patients with helpful information at every interaction and send healthcare tips. Apart from this, governing agencies of numerous countries are investing in healthcare services to transform digitally and enhance patient engagement. They are also focusing on educating individuals about health behaviors and encouraging routine preventive care through wellness program campaigns. This, in turn, is anticipated to drive the demand for patient engagement solutions around the world.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global patient engagement solutions market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on therapeutic area, application, component, delivery type and end user.
Breakup by Therapeutic Area:
- Chronic Diseases
- Women's Health
- Mental Health
Breakup by Application:
- Social Management
- Health Management
- Home Healthcare Management
- Financial Health Management
Breakup by Component:
Breakup by Delivery Type:
Breakup by End User:
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being AdvancedMD (Global Payments Inc.), Allscripts Healthcare Solutions Inc., Athenahealth Inc., Cerner Corporation, EMMI Solutions LLC (Wolters Kluwer N.V.), Epic Systems Corporation, GetWellNetwork Inc., Lincor Solutions Limited, McKesson Corporation, Medecision Inc. (Health Care Service Corporation), Orion Health Ltd. and Phytel Inc. (International Business Machines Corporation).
|Base Year of the Analysis
||Therapeutic Area, Application, Component, Delivery Type, End User, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||AdvancedMD (Global Payments Inc.), Allscripts Healthcare Solutions Inc., Athenahealth Inc., Cerner Corporation, EMMI Solutions LLC (Wolters Kluwer N.V.), Epic Systems Corporation, GetWellNetwork Inc., Lincor Solutions Limited, McKesson Corporation, Medecision Inc. (Health Care Service Corporation), Orion Health Ltd. and Phytel Inc. (International Business Machines Corporation)
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