Patient Engagement Solutions Market
According to the new report titled " "
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.
Hey there! Let's talk about the Patient Engagement Solution world. Back in 2023, it was a big deal, worth around $23.16 billion. And get thisit's expected to grow like crazy, by an average of 14.27% each year for the next few years. But what exactly is Patient Engagement Solution? Well, it's like the cool stuff that helps patients get more involved in their own healthcare journey. Think apps, software, and services that give them the power to manage their health and chat with their doctors. These tools cover a wide range of stuff, like patient portals where they can view their medical records and schedule appointments, mobile health apps that track their health, remote monitoring devices that keep an eye on their vital signs, and even telemedicine platforms for virtual doctor visits. There's also educational stuff, like coaching services and health tips, plus analytics that help everyone understand how patients are doing. Healthcare providers, insurance companies, drug companies, and even tech giants are all jumping on the patient engagement bandwagon. They're realizing that by making patients more involved, they can improve the quality of healthcare for everyone, make it more efficient, and make patients happier too.
Home Healthcare Management held the largest share in the Patient Engagement Solution market
In the Patient Engagement Solution market, different applications play important roles, including social management, health management, financial health management, and home healthcare management. Home healthcare management is especially crucial. It gives patients tools, platforms, and services that let them manage their health and get care from the comfort of their own homes. This is especially helpful for people with chronic illnesses, disabilities, or those who need ongoing medical attention. Home healthcare management solutions help patients take their medications on time by reminding them, tracking their doses, and managing refills. They also make it easy for patients, caregivers, and healthcare providers to communicate and work together. This can include secure messaging, scheduling appointments, sharing care plans, and getting real-time updates on a patient's condition. By using home healthcare management solutions, patients can better manage their health, avoid unnecessary hospital visits, and get the care they need from the comfort of their own homes. This is especially important for people who need ongoing support and monitoring outside of traditional healthcare settings.
North America headed the Patient Engagement Solution market in 2023
Unveiling the Rise of Patient Engagement in Healthcare Healthcare professionals in North America are waking up to the power of patient engagement. Why? Because it's the key to better health and lower costs! Think about it like thispatients are no longer just passive recipients of medical care. They want to be involved in making decisions about their own health. Governments are even on board, with laws like MACRA and MIPS giving doctors a financial boost for embracing patient engagement. It's all part of a bigger shift towards patient-centered care, where patients are the bosses of their own healthcare. Technology is also making it easier than ever for patients to get involved. Just think of telehealth, mobile health apps, wearables, and remote monitoring tools. They're like virtual healthcare buddies, letting patients connect with their doctors from afar, track their health data, and make healthier choices. These advancements are especially important as more and more people are living with chronic diseases like diabetes and heart disease. Patient engagement solutions help doctors keep a close eye on patients remotely, make sure they're taking their meds, and guide them in making healthier lifestyle choices. Key Players in the Patient Engagement Space (This section includes a list of key market players, but it's not necessary for the human-like rewrite.)
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
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Cerner Corporation (Oracle)
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NextGen Healthcare, Inc.
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Epic Systems Corporation
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Allscripts Healthcare, LLC
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McKesson Corporation
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ResMed
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Koninklijke Philips N.V.
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Klara Technologies, Inc.
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CPSI
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Experian Information Solutions, Inc.
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athenahealth, Inc.
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Solutionreach, Inc.
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IBM
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MEDHOST
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Nuance Communications, Inc.
Patient Engagement Solutions Market Segmentation
This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the U.S. patient engagement solutions market report on the basis of delivery type, component, type, service type, functionality, therapeutic area, application, and end-user
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Delivery Type Outlook (Revenue, USD Million, 2017 - 2030)
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Web & Cloud-based
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On-premise
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Component Outlook (Revenue, USD Million, 2017 - 2030)
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Software & Hardware
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Services
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Type Outlook (Revenue, USD Million, 2017 - 2030)
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Service Type Outlook (Revenue, USD Million, 2017 - 2030)
- Functionality Outlook (Revenue, USD Million, 2017 - 2030)
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Therapeutic Area Outlook (Revenue, USD Million, 2017 - 2030)
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Application Outlook (Revenue, USD Million, 2017 - 2030)
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Population Health Management
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Outpatient Health Management
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In-Patient Health Management
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Others
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End-user Outlook (Revenue, USD Million, 2017 - 2030)
