According to the latest report by IMARC Group “Patient Engagement Solutions Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global patient engagement solutions market size reached US$ 30.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 79.5 Billion by 2028, exhibiting a growth rate (CAGR) of 16.5% during 2023-2028.
Patient engagement solutions are employed by healthcare providers for gathering information and making informed decisions regarding patients’ symptoms, illnesses, and available treatment options. They utilize online portals to enable healthcare professionals to communicate effectively with their patients. They also help optimize patient experiences at lower costs by improving health outcomes, minimizing hospital visits, and encouraging informed decision-making. Since they provide personalized experiences to patients, patient engagement solutions are gaining immense traction across the globe.
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Market Trends:
The global patient engagement solutions market is primarily driven by the rising awareness about mobile health (m-health) and the escalating demand for remote patient monitoring (RPM) services due to the increasing prevalence of viral infections and chronic disorders. Additionally, the rising incorporation of various technologies, such as artificial intelligence (AI), the internet of things (IoT), electronic health record (EHR) systems, and cloud computing solutions, has catalyzed market growth. Moreover, the expanding geriatric population, which is more susceptible to developing severe medical conditions, is positively influencing the market growth. Furthermore, rising investments in healthcare services by various government agencies to enhance patient engagement, transform digitally, educate individuals about health behaviors, and promote routine preventive care through wellness program campaigns are contributing to market growth. Other factors, including rapid digitization, increasing smartphone sales, high-speed internet connectivity, and inflating consumer disposable incomes, are also anticipated to drive the market further.
Competitive Landscape:
The competitive landscape of the market has also been analyzed, with some of the top leading patient engagement companies.
- 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).
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The report has segmented the market on the basis of Product Type, Distribution Channel, Packaging Type and Region.
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
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