Patient Engagement Solutions Market Size to Surpass US$ 69.5 Billion at a CAGR of 16.71% by 2027
IMARC Group has recently released a new research study titled "Patient Engagement Solutions Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 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. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Patient engagement solutions are used for gathering information and making decisions regarding symptoms, illnesses, and available treatment choices. They facilitate healthcare professionals in communicating by using an online portal. In addition to this, these solutions improve health outcomes, minimize hospitalization visits, encourage patients to make informed healthcare decisions, optimize their experience at comparatively lower costs, etc. They deliver personalized experiences to individuals. Consequently, patient engagement solutions are gaining extensive traction across the globe.
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Patient Engagement Solutions Market Trends and Drivers:
The growing consumer awareness towards mobile health (m-health) is among the key factors stimulating the patient engagement solutions market. Moreover, the widespread adoption of numerous advanced technologies, including Artificial Intelligence (AI), cloud computing solutions, the Internet of Things (IoT), electronic health record (EHR) systems, etc., is acting as another significant growth-inducing factor. Besides this, the expanding geriatric population who are more prone to developing severe medical conditions, the escalating demand for remote patient monitoring (RPM) services, owing to the increasing prevalence of viral infections and chronic disorders, and continuous improvements in the healthcare sector are also positively influencing the global market.
Furthermore, the rising digitization, high-speed internet connectivity, and the inflating income levels are propelling the use of these solutions to offer patients with helpful information at every interaction and send healthcare tips, thereby catalyzing the market growth. Apart from this, government bodies across countries are focusing on educating individuals towards health behaviors and encouraging routine preventive care via wellness program campaigns, which is anticipated to fuel the patient engagement solutions market over the forecasted period.
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Patient Engagement Solutions Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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.
- Phytel Inc. (International Business Machines Corporation).
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Therapeutic Area:
- Chronic Diseases
- Obesity
- Diabetes
- Cardiovascular
- Others
- Fitness
- Women's Health
- Mental Health
- Others
Breakup by Application:
- Social Management
- Health Management
- Home Healthcare Management
- Financial Health Management
Breakup by Component:
- Software
- Services
- Hardware
Breakup by Delivery Type:
- Cloud-based
- On-premises
Breakup by End User:
- Payers
- Providers
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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