Patient Engagement Solutions Market

According to the new report titled " Patient Engagement Solution Market By Delivery Type (Web-based/Cloud-based and On-premise), By Component (Software, Services, and Hardware), By End Use (Payers, Providers, and Individual Users), By Application (Social Management, Health Management, Home Healthcare Management, and Financial Health Management) Global Analysis to 2023"

The valuation of the Patient Engagement Solution market was $23.16 Billion in 2023 and is projected to reach $58.70 Billion by 2032, at a CAGR of 14.27% from 2021 to 2032.

The Patient Engagement Solution Market was valued at $23.16 Billion by 2023 and expected to grow at CAGR of 14.27% over forecast period. The Patient Engagement Solution market refers to the industry that provides software, tools, and services aimed at engaging patients in their healthcare journey. Patient engagement solutions can encompass a wide range of technologies and strategies designed to empower patients to take an active role in managing their health and interacting with healthcare providers. These solutions includes Patient portals, Mobile health (mHealth) apps, Remote monitoring devices, Telemedicine platforms, Health education and coaching services, Patient engagement analytics etc. Healthcare providers, payers, pharmaceutical companies, and technology vendors are all investing in patient engagement solutions to better meet the evolving needs of patients and improve the overall quality and efficiency of healthcare delivery.

Home Healthcare Management held the largest share in the Patient Engagement Solution market

By Application (Social Management, Health Management, Home Healthcare Management, and Financial Health Management) where Home Healthcare Management plays a crucial role in the Patient Engagement Solution market. Home healthcare management is a crucial component within the Patient Engagement Solution market, focusing on providing tools, platforms, and services that enable patients to receive care and manage their health from the comfort of their homes. This segment of the market is particularly important for individuals with chronic illnesses, disabilities, or those who require ongoing medical supervision. These solutions help patients manage their medications effectively, including medication reminders, dosage tracking, and refill management. Home healthcare management platforms often integrate medication management features to ensure patients adhere to their prescribed treatment plans. Home healthcare management solutions facilitate communication and collaboration between patients, caregivers, and healthcare providers. Features may include secure messaging, appointment scheduling, care plan sharing, and real-time updates on the patient's condition. The Home Healthcare Management segment of the Patient Engagement Solution market plays a vital role in improving patient outcomes, reducing hospital readmissions, and enhancing the overall quality of care delivery, particularly for individuals who require ongoing monitoring and support outside of traditional healthcare settings.

North America headed the Patient Engagement Solution market in 2023

Healthcare providers in North America are increasingly recognizing the importance of patient engagement in improving health outcomes and reducing costs. Patient engagement solutions align with the shift towards patient-centered care, where patients are empowered to actively participate in their own healthcare decisions and management. Regulatory measures such as the Medicare Access and CHIP Reauthorization Act (MACRA) and the Merit-based Incentive Payment System (MIPS) in the United States incentivize healthcare providers to adopt technologies that enhance patient engagement and improve care coordination. Compliance with regulations and requirements related to electronic health records (EHRs) and interoperability also drives the adoption of patient engagement solutions. The availability of advanced technology, including telehealth platforms, mobile health applications, wearable devices, and remote monitoring solutions, has made it easier for healthcare organizations to implement patient engagement strategies. These technologies enable remote consultations, real-time monitoring of patient data, and personalized health interventions, all of which contribute to improved patient engagement. The prevalence of chronic diseases such as diabetes, cardiovascular diseases, and respiratory conditions is increasing in North America. Patient engagement solutions play a crucial role in managing chronic conditions by facilitating remote monitoring, medication adherence, lifestyle modifications, and patient education.

Key market players operating in the market that are profiled in the report are

McKesson Corporation, Allscripts Healthcare Solutions, Orion Health Ltd., GetWellNetwork Inc., Cerner Corporation, Medecision Inc., Phytel Inc., Athenahealth Inc., YourCareUniverse Inc., Lincor Solutions Ltd. etc.

Scope of the Report

Report Attributes	Details
Market Value (2023)	USD 20.6 Billion
Forecast Revenue 2033	USD 113.4 Billion
CAGR (2024 to 2033)	18.6%
North America Share	36%
Base Year	2023
Historic Period	2018 to 2022
Forecast Year	2024 to 2033

Keyplayers

Cerner Corporation (Oracle)
NextGen Healthcare, Inc.
Epic Systems Corporation
Allscripts Healthcare, LLC
McKesson Corporation
ResMed
Koninklijke Philips N.V.
Klara Technologies, Inc.
CPSI
Experian Information Solutions, Inc.
athenahealth, Inc.
Solutionreach, Inc.
IBM
MEDHOST
Nuance Communications, Inc.