Global Patient Engagement Solutions Market Size By Component (Hardware, Software), By End-User (Providers, Patients), By Application (Health Management, Home Health Management), By Delivery Mode (On Premise, Cloud Based), By Therapeutic Use (Chronic Disease, Diabetes), By Geographic Scope And Foreca

Patient Engagement Solutions Market Size And Forecast

Patient Engagement Solutions Market size was valued at USD 19.49 Billion in 2022 and is projected to reach USD 82.56 Billion by 2030, growing at a CAGR of 17.40% from 2023 to 2030.

Hey there! You know how there's been a huge surge in patient engagement solutions lately? It's not just a coincidence. Governments worldwide are putting patients and their meds first. That means they're giving more money and making new rules to make healthcare better and more patient-focused. And guess what else? Smartphones are making it easier than ever for patients to connect with their healthcare providers. All of this is fueling the growth of the Global Patient Engagement Solutions Market like crazy. It's like a rocket ship taking off! And it's only going to keep growing as these government efforts and regulations continue. To help you navigate this exciting market, there's this awesome report. It's like a treasure map, breaking down everything you need to knowWhich parts of the market are booming and why What's driving the growth What challenges companies are facing Who the big players are And what's going to happen next

Global Patient Engagement Solutions Market Definition

Imagine you and your doctor are like teammates working together to keep you healthy. That's what patient engagement is all about – you and your healthcare providers joining forces. You get access to all the latest info on your health, like test results, medications, and when you need to take them. This way, you know exactly what's going on with your body. And there's software that helps you and your doctor stay on top of things. It's like a game where you're leveling up in healthcare. The best part? When you're engaged in your own health, you're more likely to stay healthy – it's a win-win! You might save money on healthcare, have fewer problems, and even spend less time in the hospital. Plus, the quality of your care just gets better and better. To get you involved, your healthcare team will give you tips and education to help you make the best choices for your health. Because when you're informed and empowered, you can take control of your well-being and live a healthier life.

Imagine you're taking charge of your healthcare journey, not just as a passive recipient but as an active participant. Patient engagement trials make this a reality! You'll work hand-in-hand with your healthcare team to gather info and make informed decisions about your health. To make it even better, there are tools that streamline communication and share data between you and your care team. Not only does this save time and money, but it also keeps you and your healthcare providers on the same page. Imagine having access to your personal health information anytime, anywhere. Patient engagement software makes this a breeze, empowering you to manage your health effectively. It's like having a super sidekick providing support and guidance every step of the way. And it's not just about informing patients. Healthcare providers also benefit from these tools. They can access your medical history, track treatment progress, and collaborate with other members of your care team. This leads to more accurate diagnoses, coordinated care, and ultimately, better outcomes for you. So, the message is clearPatient engagement is not just a buzzword but a transformative approach that empowers you to take ownership of your health while supporting your healthcare team in providing exceptional care. It's a win-win for everyone involved!

The COVID-19 epidemic sparked new developments in patient monitoring systems. The increasing number of smartphone users worldwide has accelerated the adoption of mHealth by both providers and consumers. Healthcare applications are becoming more popular, and they are simple to install on cellphones. These apps can be linked to wearable devices and help users maintain their entire health, which has increased patient reliance on mHealth apps. As a result, the COVID-19 outbreak is expected to have a significant impact on digital transformation.

Global Patient Engagement Solutions Market Overview

Hey there! Healthcare is getting more patient-focused these days. Governments are doing more to help people out with their medical care and meds. And guess what? Phones are becoming a big deal in healthcare too. People are using them to stay in touch with their doctors and even to get advice. Companies are investing more in patient engagement solutions too, and they're teaming up with others to make it even better. It's not just about keeping track of your health; it's about helping you take control of it. Plus, there are more and more people living with chronic diseases and getting older. That means they need help managing their health. So, patient engagement solutions are becoming more popular all over the world. Even the government is getting involved. In the US, a group of people in Congress proposed a new law that would give money to local governments and tribes to help them track patient outcomes better. It's all about making healthcare work better for everyone.

The healthcare market is poised for growth, with several factors driving this expansion. One key factor is the increasing implementation of government regulations and guidelines that emphasize patient-centered care. Governments worldwide are introducing various policies and initiatives to promote the adoption of technologies that enhance patient engagement. The surge in cloud-based systems in hospitals and the advancement of wearable health devices and other technological innovations are also expected to create new opportunities for this market in the coming years. Furthermore, the growing adoption of value-based healthcare programs is proving to improve health outcomes, reduce healthcare costs, and enhance patient satisfaction. These positive outcomes are likely to fuel further market expansion.

However, a lack of skilled interpreters, poor infrastructure, the demand for infrastructure investments, a large portion of the population lacking fitness literacy, poor access to healthcare, patient data security concerns, and health information security concerns are all significant restraints on the Global Patient Engagement Solutions Market’s growth. Nonetheless, the demand for value-based pharmaceuticals as a result of increased peer pressure and an exciting change in patient-specific solutions would open up more chances for all.

Global Patient Engagement Solutions MarketSegmentation Analysis

The Global Patient Engagement Solutions Market is Segmented on the basis of Component, End-User, Application, Delivery Mode, Therapeutic Use, and Geography.

Patient Engagement Solutions Market, By Component

• Hardware• Software• Standalone• Integrated• Services

To Get Summarized Market Report By Component-

The patient engagement solutions market has various components, including- Hardware Physical devices like monitors and wearables - Software Applications and platforms that analyze data and provide insights - Standalone Solutions that can be used independently - Integrated Solutions that connect with other systems, like electronic health records - Services Consulting, education, and implementation support Among these components, software is expected to dominate the market due to ongoing advancements and its growing use in different areas, such as consulting, education, and implementation. However, the services component plays a crucial role in deploying patient engagement solutions. Therefore, the services category is projected to experience the fastest growth rate during the forecast period. To summarize, the software segment is anticipated to have the largest market share, but the services component is vital for deploying solutions and is expected to witness the most significant growth.

Patient Engagement Solutions Market, By End-User

• Providers• Patients• Payers• Others

Healthcare providers are facing increasing pressure to reduce costs, deliver high-quality care, and improve their financial performance. One key strategy that providers are turning to is patient engagement solutions. These solutions help providers connect with patients in a more meaningful way, which leads to better outcomes, lower costs, and improved satisfaction. In 2019, the provider segment held the largest share of the patient engagement solutions market, and it is expected to continue to grow at the highest rate over the next few years. This growth is being driven by the increasing demand for patient engagement solutions from providers who are looking to improve patient outcomes, lower costs, and improve their financial performance. Payers are the second largest segment of the patient engagement solutions market. Payers are implementing patient engagement solutions in order to promote value-based care and improve coverage. Value-based care is a model of healthcare that focuses on paying for results rather than for individual services. This model is gaining popularity as it can lead to lower costs and better outcomes for patients. One of the biggest challenges to patient engagement is the concern about the security of patient health data. This concern is preventing data from being shared among different healthcare stakeholders, which is hampering the implementation of patient engagement initiatives in many healthcare organizations. Despite the challenges, the patient engagement solutions market is expected to continue to grow over the next few years. This growth is being driven by the increasing demand for patient engagement solutions from providers and payers who are looking to improve patient outcomes, lower costs, and improve their financial performance.

Patient Engagement Solutions Market, By Application

• Health Management• Home Health Management• Social and Behavioral Management• Financial Health Management

How Patient Engagement Solutions Are Changing Healthcare The market for patient engagement solutions is split into four main areasHealth ManagementApps that help people manage their health conditions, like diabetes or heart disease. Home Health Management Tools that allow patients to track medical appointments, pay bills, and talk to healthcare providers from home. Social and Behavioral ManagementPrograms that help people improve their mental health and well-being through social support and habit tracking. Financial Health Management Services that assist patients with navigating healthcare costs and insurance coverage. The health management segment is growing rapidly because more and more patients want to take an active role in managing their own care. Home health management services are also expected to see a surge in popularity as patients embrace the convenience of managing their healthcare from home.

Patient Engagement Solutions Market, By Delivery Mode

• On Premise• Cloud Based

In terms of how the software is delivered, the market for patient engagement solutions is split into two main typeson-premise and cloud-based. In 2019, on-premise solutions were the most popular, since healthcare providers have full control over their data on their own servers. However, cloud-based solutions are expected to grow the fastest in the coming years. Cloud-based solutions are becoming more popular in the patient engagement market because they are flexible, scalable, and affordable. Healthcare providers can use them to share and combine data from multiple locations and sources, which makes it easier to track patient progress and improve care.

Patient Engagement Solutions Market, By Therapeutic Use

• Chronic Disease• Diabetes• Cardiovascular diseases• Obesity• Other chronic diseases• Women’s Health• Fitness• Other

Based on Therapeutic Use, the market is bifurcated into Chronic Disease, Diabetes, Cardiovascular diseases, Obesity, Other chronic diseases, Women’s Health, Fitness, and Other. Because of the enormous burden of chronic diseases and the need to effectively manage these ailments while lowering overall healthcare expenditures, the chronic diseases category accounted for the highest share of the worldwide Patient Engagement Solutions Market in 2019. However, due to the growing need to improve user experience, raise awareness about the importance of fitness and health, and adoption of wearables and tracking applications, the Fitness category is anticipated to grow at the highest rate.

Patient Engagement Solutions Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

To Get Summarized Market Report By Geography- 

When we look at different parts of the world, the market for tools that help patients participate in their own healthcare can be divided into four main regionsNorth America, Europe, Asia Pacific, and the rest of the world. In 2019, North America led the way in terms of how much money was made in this market. This is because healthcare companies have been putting more money into software that helps patients get involved and there has been a rise in the use of health records that are kept electronically. The government's investment in healthcare has also helped raise awareness, which is making the market grow even more. Europe was the second-largest market in 2019, thanks to countries like the United Kingdom that have free healthcare systems like the NHS. Over the next few years, Asia Pacific is expected to be the fastest-growing market. This is because there is a need for better healthcare systems and facilities, and more and more people are getting medical care.

Key Players

The “Global Patient Engagement Solutions Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Mckesson, Allscripts, IBM, Athenahealth, Orion Health, Cerner, Getwellnetwork, LincorSolutions, Yourcareuniverse, and Welvu. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• BirdEye and athenahealth joined in 2019 through the athenahealth EHR Marketplace initiative. Athenahealth’s growing network of healthcare providers now has access to BirdEye.

• To combat the spread of the COVID-19 virus, Orion Health developed the first complete pandemic outbreak monitoring platform in 2020. The Coronavirus Outbreak Solution engages patients at home, streamlines communication between quarantined patients and healthcare providers, and keeps track of individuals who have just been discharged.

• In 2020, IBM and Wipro will partner to open an innovation center in India to develop industry solutions based on cloud, AI, machine learning, and the internet of things.

Report Scope

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