Patient Engagement Technology Market to Observe Utmost CAGR of 21.25% by 2030

PRESS RELEASE
Published September 25, 2023

Patient Engagement Technology Market research report has complete overview of the market covering various aspects such as product definition, segmentation based on various parameters, and the prevailing vendor landscape. The report lends a hand to stay up-to-date about the entire market and also puts forward holistic view of the market. With this market report, insights and realities of the HEALTHCARE industry can be focused which helps keep the business on the right track. A thorough analysis has been performed in this document to know the potential of the market in the present and the future prospects from various angles. Patient Engagement Technology Market report contains remarkable market data, present market trends, product consumption, environment, technological innovation, future prospects, upcoming technologies and the technical progress in the related industry.

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.

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.

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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.

Restraints/Challenges

  • High cost associated with deployment

Lack of health literacy, high deployment costs, a shortage of qualified IT professionals, and patient information protection are all anticipated to restrain market growth.

This patient engagement technology market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the patient engagement technology market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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.

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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 market
  • 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

Critical Insights Related to This Market Included in the Report:

  • Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
  • Value chain analysis of prominent players in the market
  • Current trends influencing the dynamics of this market across various geographies
  • Recent mergers, acquisitions, collaborations, and partnerships
  • Revenue growth of this industry over the forecast period
  • Marketing strategy study and growth trends
  • Growth driven factor analysis
  • Emerging recess segments and region-wise market
  • An empirical evaluation of the curve of this market
  • Ancient, Present, and Probable scope of the market from both prospect value and volume

Browse Detailed Summary of Research Report with TOC:  https://www.databridgemarketresearch.com/toc/?dbmr=global-patient-engagement-technology-market&Shri

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