Patient Engagement Technology Market Size to Reach USD 74870.66 Million Globally with Growing CAGR of 21.25% by 2030

PRESS RELEASE
Published July 24, 2023

Global Patient Engagement Technology Market analysis report is one of the unsurpassed and comprehensive market research reports which emphasize the challenges, market structures, opportunities, driving forces, emerging trends, and competitive landscape of HEALTHCARE industry. Few of the major industry insights of the report can be listed as; distinct analysis of the market drivers and restraints, major market players involved like HEALTHCARE industry, detailed analysis of the market segmentation and competitive analysis. The world class Global Patient Engagement Technology Market report takes into account all the aspects of market that are necessary to create the finest and top-notch market research report.

Growing technological developments, adoption of EHR and m health solutions, the prevalence of chronic diseases, supportive initiatives by key market stakeholders, and healthcare consumerism are some of the market’s key drivers. According to NextGen Healthcare’s 2021 survey, 83% of ambulatory healthcare survey respondents believed that patient engagement solutions were critical to organizational financial success and patient outcomes. According to the survey, the COVID-19 pandemic fuelled market growth.

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Data Bridge Market Research analyses that the patient engagement technology market which was USD 16027.20 million in 2022, is expected to reach USD 74870.66 million by 2030, at a CAGR of 21.25% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Patient engagement is the process of enlisting patients as partners in their healthcare. Patients who participate can improve their health literacy and become empowered to participate in the care plan decision-making process. When technology is added to the mix, care teams can create a collection of on-demand health self-management, communication, and education services. Customer Relationship Management (CRM) software, telehealth, and wearable devices are all examples of patient engagement technology solutions.

Drivers

  • Rise in diabetes

Factors such as the increasing burden of chronic diseases and an increase in the geriatric population have prompted the global adoption of patient engagement solutions. For instance, according to the American Diabetes Association 2020, 1.5 million new cases of diabetes are diagnosed in the United States each year. Companies are focusing on the development of patient-centric engagement solutions in response to the growing number of diabetic patients.

  • Growing number of smartphone users

The growing number of smartphone users around the world has accelerated the adoption of mHealth across the sector, both from providers and consumers. Healthcare apps are becoming more popular, and they are simple to install on smartphones. These apps can be linked to wearable devices and help users manage their overall health, which has increased patients’ reliance on mHealth apps. As a result, the COVID-19 pandemic is expected to significantly impact digital transformation.

Recent Developments

  • In December 2020, Roche launched a digital platform to personalize diabetes management in Thailand. In Thailand, there are 4.3 million diabetics, half of whom are analysed and treated, and only one-third of those analyzed and treated meet their treatment goals.
  • In May 2020, Microsoft launched its first sector-specific cloud, Microsoft Cloud for Healthcare. With telehealth and data analytics features, the platform is designed to help providers advance patient engagement and collaboration among health teams.

Patient Engagement Technology Market Scope and Segmentation

REPORT METRIC DETAILS
Forecast Period 2023 to 2030
Base Year 2022
Historic Years 2021 (Customizable to 2015 – 2020)
Quantitative Units Revenue in USD Million, Volumes in Units, Pricing in USD
Segments Covered Delivery Type (Web Based, Cloud Based, On Premise), Component (Software, Service, Hardware), Application (Social Management, Health Management, Home Healthcare Management, Financial Health Management), End- User (Payers, Providers, Individual Users), Therapeutic Area (Chronic Diseases, Fitness, Women Health, Mental Health, Others)

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Some of the major players operating in the patient engagement technology market are:

  • Allscripts Healthcare, LLC (U.S.)
  • Athenahealth (U.S.)
  • Oracle (U.S.)
  • Lincor (Ireland)
  • Oneview Ltd. (Ireland)
  • Medecision (U.S.)
  • MCKESSON CORPORATION (U.S.)
  • Orion Health group of companies (U.S.)
  • GetWellNetwork, Inc. (U.S.)
  • Get Real Health (U.S.)
  • PATIENTPOINT, LLC (U.S.)
  • SONIFI Health Incorporated. (U.S.)
  • CipherHealth Inc (U.S.)
  • PALANTIR (U.S.)
  • HealthHub Patient Engagement Solutions (Canada)
  • IQVIA (U.S.)

Patient Engagement Technology Market Scope

Delivery Type

  • Web Based
  • Cloud Based
  • On Premise

 Component

  • Software
  • Service
  • Hardware

 Application

  • Social Management
  • Health Management
  • Home Healthcare Management
  • Financial Health Management

End-User

  • Payers
  • Providers
  • Individual Users

Therapeutic Area

  • Chronic Diseases
  • Fitness
  • Women Health
  • Mental Health
  • Others

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
  • Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies

Top Key Topics Covered:

  1. Strategic Imperatives
  • Factors Creating Pressure on Growth
  • The Strategic Imperative
  • Growth Opportunities Fuel the Growth Pipeline Engine
  • Research Methodology
  1. Scope and Segmentation
  • Research Context and Scope of Analysis
  • Segmentation
  • Other Techniques for This Research Report Management
  1. Growth Opportunity Analysis
  • Growth Drivers
  • Growth Restraints
  1. Introduction
  • The Impact of the COVID-19 Pandemic and Post
  • Future Growth
  1. Innovation Ecosystem

Continued…

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Some of the Most Important Questions Scrutinized in the Business Intelligence Report:

  • What are the key growth parameters for this global market during the forecast period?
  • Which key players are expected to hold the largest market share over the forecast period?
  • Who are the leading vendors and manufacturers in this market?
  • What are the key strategies adopted by leading players in the market for business development and geographical expansion?
  • Which end-use industries can trigger high demand in the market over the forecast period?
  • What are the key segments in this market?
  • Which regional player will have anticipated leading the global market in terms of size?
  • What is the impact of the novel coronavirus pandemic?
  • Which obstacles must new players overcome in order to occupy a major position?

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