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
Published on: 2024-07-07 | No of Pages : 240 | Industry : Media and IT
Publisher : MRA | Format : PDF&Excel
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
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
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
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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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Standalone
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Integrated
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Service Type Outlook (Revenue, USD Million, 2017 - 2030)
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Consulting
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Implementation & Training
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Support & Maintenance
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Others
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- Functionality Outlook (Revenue, USD Million, 2017 - 2030)
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Communication
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Health Tracking & Insights
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Billing & Payments
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Administrative
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Patient Education
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Others
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Therapeutic Area Outlook (Revenue, USD Million, 2017 - 2030)
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Health & Wellness
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Chronic Disease Management
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Others
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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)
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Payers
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Providers
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Others
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Table of Content
Table of Contents
Chapter 1. U.S. Patient Engagement Solutions MarketMethodology and Scope
1.1. Market Segmentation and Scope
1.2. Research Methodology
1.2.1. Information Procurement
1.3. Information or Data Analysis
1.4. Methodology
1.5. Research Scope and Assumptions
1.6. Market Formulation & Validation
1.6.1. COUNTRY MARKETCAGR CALCULATION
1.7. List of Data Sources
Chapter 2. U.S. Patient Engagement Solutions MarketExecutive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
2.4. U.S. Patient Engagement Solutions Market Snapshot
2.5. U.S. Patient Engagement Solutions Market Segment Snapshot
2.6. U.S. Patient Engagement Solutions Market Competitive Landscape Snapshot
Chapter 3. U.S. Patient Engagement Solutions MarketVariables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.3. U.S. Patient Engagement Solutions Market Analysis Tools
3.3.1. Industry Analysis – Porter’s
3.3.1.1. Bargaining power of the suppliers
3.3.1.2. Bargaining power of the buyers
3.3.1.3. Threats of substitution
3.3.1.4. Threats from new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Economic and Social landscape
3.3.2.3. Technological landscape
3.4. Impact of COVID-19 on U.S. Patient Engagement Solutions Market
Chapter 4. U.S. Patient Engagement Solutions MarketDelivery Type Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. U.S. Patient Engagement Solutions MarketDelivery Type Movement Analysis, USD Million, 2022 & 2030
4.3. Web & Cloud based
4.3.1. Web & Cloud based Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
4.4. On Premise
4.4.1. On Premise Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 5. U.S. Patient Engagement Solutions MarketComponent Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. U.S. Patient Engagement Solutions MarketComponent Movement Analysis, USD Million, 2022 & 2030
5.3. Software & Hardware
5.3.1. Software & Hardware Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
5.4. Services
5.4.1. Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 6. U.S. Patient Engagement Solutions MarketType Estimated & Trend Analysis
6.1. Segment Dashboard
6.2. U.S. Patient Engagement Solutions MarketType Movement Analysis, USD Million, 2022 & 2030
6.3. Standalone
6.3.1. Standalone Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
6.4. Integrated
6.4.1. Integrated Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 7. U.S. Patient Engagement Solutions MarketService Type Estimates & Trend Analysis
7.1. Segment Dashboard
7.2. U.S. Patient Engagement Solutions MarketService Type Movement Analysis, USD Million, 2022 & 2030
7.3. Consulting
7.3.1. Consulting Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
7.4. Implementation & Training
7.4.1. Implementation & Training Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
7.5. Support & Maintenance
7.5.1. Support & Maintenance Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
7.6. Others
7.6.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 8. U.S. Patient Engagement Solutions MarketFunctionality Estimates & Trend Analysis
8.1. Segment Dashboard
8.2. U.S. Patient Engagement Solutions MarketFunctionality Movement Analysis, USD Million, 2022 & 2030
8.3. Communication
8.3.1. Communication Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
8.4. Health Tracking & Insights
8.4.1. Health Tracking & Insights Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
8.5. Billing & Payments
8.5.1. Billing & Payments Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
8.6. Administrative
8.6.1. Administrative Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
8.7. Patient Education
8.7.1. Patient Education Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
8.8. Others
8.8.1. Others Education Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 9. U.S. Patient Engagement Solutions MarketTherapeutic Area Estimates & Trend Analysis
9.1. Segment Dashboard
9.2. U.S. Patient Engagement Solutions MarketTherapeutic Area Movement Analysis, USD Million, 2022 & 2030
9.3. Health & Wellness
9.3.1. Health & Wellness Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
9.4. Chronic Disease Management
9.4.1. Chronic Disease Management Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
9.5. Others
9.5.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 10. U.S. Patient Engagement Solutions MarketApplication Estimates & Trend Analysis
10.1. Segment Dashboard
10.2. U.S. Patient Engagement Solutions MarketApplication Movement Analysis, USD Million, 2022 & 2030
10.3. Population Health Management
10.3.1. Population Health Management Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
10.4. Inpatient health Management
10.4.1. Inpatient Health Management Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
10.5. Outpatient Health Management
10.5.1. Outpatient Health Management Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 11. U.S. Patient Engagement Solutions Market End-use Estimates & Trend Analysis
11.1. Segment Dashboard
11.2. U.S. Patient Engagement Solutions MarketEnd-use Movement Analysis, USD Million, 2022 & 2030
11.3. Payers
11.3.1. Payers Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
11.4. Providers
11.4.1. Providers Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
11.5. others
11.5.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 12. Competitive Landscape
12.1. Company Categorization
12.2. Company Market Share Analysis, 2022
12.3. Strategy Mapping
12.4. Company Profiles/Listing
12.4.1. Cerner Corporation (Oracle)
12.4.1.1. Overview
12.4.1.2. Financial Performance (Net Revenue)
12.4.1.3. Delivery Type Benchmarking
12.4.1.4. Strategic Initiatives
12.4.2. NextGen Healthcare, Inc.
12.4.2.1. Overview
12.4.2.2. Financial Performance (Net Revenue)
12.4.2.3. Delivery Type Benchmarking
12.4.2.4. Strategic Initiatives
12.4.3. Epic Systems Corporation
12.4.3.1. Overview
12.4.3.2. Financial Performance (Net Revenue)
12.4.3.3. Delivery Type Benchmarking
12.4.3.4. Strategic Initiatives
12.4.4. Allscripts Healthcare, LLC
12.4.4.1. Overview
12.4.4.2. Financial Performance (Net Revenue)
12.4.4.3. Delivery Type Benchmarking
12.4.4.4. Strategic Initiatives
12.4.5. McKesson Corporation
12.4.5.1. Overview
12.4.5.2. Financial Performance (Net Revenue)
12.4.5.3. Delivery Type Benchmarking
12.4.5.4. Strategic Initiatives
12.4.6. ResMed
12.4.6.1. Overview
12.4.6.2. Financial Performance (Net Revenue)
12.4.6.3. Delivery Type Benchmarking
12.4.6.4. Strategic Initiatives
12.4.7. Koninklijke Philips N.V.
12.4.7.1. Overview
12.4.7.2. Financial Performance (Net Revenue)
12.4.7.3. Delivery Type Benchmarking
12.4.7.4. Strategic Initiatives
12.4.8. Klara Technologies, Inc.
12.4.8.1. Overview
12.4.8.2. Financial Performance (Net Revenue)
12.4.8.3. Delivery Type Benchmarking
12.4.8.4. Strategic Initiatives
12.4.9. CPSI
12.4.9.1. Overview
12.4.9.2. Financial Performance (Net Revenue)
12.4.9.3. Delivery Type Benchmarking
12.4.9.4. Strategic Initiatives
12.4.10. Experian Information Solutions, Inc.
12.4.10.1. Overview
12.4.10.2. Financial Performance (Net Revenue)
12.4.10.3. Delivery Type Benchmarking
12.4.10.4. Strategic Initiatives
12.4.11. Athenahealth, Inc.
12.4.11.1. Overview
12.4.11.2. Financial Performance (Net Revenue)
12.4.11.3. Delivery Type Benchmarking
12.4.11.4. Strategic Initiatives
12.4.12. Solutionreach, Inc.
12.4.12.1. Overview
12.4.12.2. Financial Performance (Net Revenue)
12.4.12.3. Delivery Type Benchmarking
12.4.12.4. Strategic Initiatives
12.4.13. IBM
12.4.13.1. Overview
12.4.13.2. Financial Performance (Net Revenue)
12.4.13.3. Delivery Type Benchmarking