Patient Engagement Solutions Market – A $74.28 Industry By 2030; Explore Latest Trends & Insights

According to Strategic Market Research, the global Patient Engagement Solutions Market size is projected to reach USD 74.28 Billion by 2030, growing at a CAGR of 20.93% during the forecast period of 2022 - 2030; Rising prevalence of chronic diseases and advocacy to patient-centric care to boost the industry growth.


New York, USA, Oct. 19, 2022 (GLOBE NEWSWIRE) -- The Global Patient Engagement Solutions Market in 2021 was worth USD 13.42 billion, and by 2030 it will reach USD 74.28 billion, with a 20.93% CAGR. Patient engagement solutions help patients to manage their healthcare information and enable better patient interaction with the healthcare team. Wearables, educational resources, mobile apps, and other technologies are used by healthcare professionals to engage their patients. In order to make informed health decisions, these solutions give patients quick access to doctors and real-time monitoring of vital body signs.


Make a Direct Purchase of the latest Patient Engagement Solutions Market Report published in the month of Jul-2022. Click the below link to initiate the purchase: 

https://www.strategicmarketresearch.com/buy-now/patient-engagement-solutions-market

Patient Engagement Solutions Market Insights: 

  • By product, the web and cloud-based segment ruled the overall market with a revenue share of approximately 75% in 2021 
  • In 2021, the software and hardware segment held a significant position, with 60% of the market share on the basis of components.
  • Based on functionality, in 2021, the communication segment held a prominent position with a market share of more than 35%.
  • In terms of therapeutic areas, with a revenue share of more than 40%, the chronic disease management segment ruled the overall market in 2021.
  • In 2021, the outpatient health management segment held a significant position, with a share of around 35% on the basis of application.
  • On the basis of end-user, in 2021, the providers ruled the overall market with a share of around 45%.
  • Regionally, in 2021 North America ruled the overall patient engagement solutions market with a revenue share of around 35%.

Factors accelerating the Patients Engagement Solutions Market growth

The increasing incidence of chronic diseases and technological advancements are stimulating the expansion of the market.

  • The market for patient engagement solutions is expanding significantly due to the rising prevalence of chronic diseases. Patient Engagement Solution is essential for the management of chronic diseases as patients with chronic conditions constantly monitor their health and minor changes that occur in their bodies. These patient engagement solutions help patients to stay informed and involved with their treatment plans. This promotes greater patient compliance, proactive interventions, improved communication, lower costs, and higher-quality care. According to a study published in 2021 by the National Council on Aging, approximately 60% of older adults have two or more chronic diseases, while 85% of older adults have at least one chronic disease in the United States.

  • Technological innovation is a popular trend in the patient engagement solutions market. To strengthen their market position, major players in the patient engagement solutions market are focusing on providing technologically advanced solutions that incorporate innovative features such as video API, salesforce CRM, text API, and end-to-end patient engagement via AI and ML.

Patient Engagement Solution Market: A thorough Segmentation Analysis

The worldwide Patient Engagement Solution Market segmentation has been performed on the basis of delivery type, component, functionality, therapeutic area, Application, End-user, and region.

By Delivery Type:

  • Web and Cloud Based
  • On-Premise

By Component:

  • Services
  • Software and Hardware

By Functionality:

  • Administrative
  • Communication
  • Patient Education
  • Billing & Payments
  • Health Tracking & Insights
  • Others

By Therapeutic Area:

  • Health & Wellness
  • Chronic Disease Management

By Application:

  • In-Patient Health Management
  • Population Health Management
  • Outpatient Health Management
  • Others

By End-User

  • Providers
  • Payers
  • Others

By Region

North America

  • Canada
  • United States

Europe

  • Spain
  • Sweden
  • United Kingdom
  • Russia
  • Germany
  • France
  • Italy
  • Rest of Europe

Asia Pacific

  • Japan
  • India
  • China
  • Australia
  • South Korea
  • Rest of Asia Pacific

LAMEA

  • Argentina
  • Israel
  • Brazil
  • Saudi Arabia
  • South America
  • Mexico
  • United Arab Emirates
  • Rest of LAMEA


To get a first-hand overview of the report, Request a Sample at
https://www.strategicmarketresearch.com/request-sample/patient-engagement-solutions-market



By product, the web and cloud-based segment ruled the overall market with a revenue share of approximately 75% in 2021. These solutions are becoming more popular due to their integrated features, easy accessibility, low handling costs, remote real-time data tracking, and simple data backup capabilities. Companies are investing in web- and cloud-based patient engagement solutions because of these factors.

In 2021, the software and hardware segment held a significant position, with 60% of the market share on the basis of components. The solution's main components are hardware and software for patient engagement. Because of the user-friendly user interfaces and ongoing product upgrades, it is simple to install, use, and retrieve records. A well-known mobile-first, adaptable, and enterprise patient engagement solution is Allscripts' FollowMyHealth. Providers, hospitals, and health systems use it to improve patient satisfaction and care quality.

On the basis of functionality, in 2021, the communication segment held a outstanding position with a market share of more than 35%. This significant market share is due to increased demand and implementation of Mhealth, telehealth, and other virtual communication solutions via video, audio, and text. The pandemic has accelerated the rapid adoption of virtual communication solutions, which have expanded their application to remote patient monitoring, mental health, and other modalities.

In terms of therapeutic areas, with a revenue share of more than 40%, the chronic disease management segment ruled the overall market in 2021. The segment holds a sizable market share due to factors like the growing senior population in important economies and the acceleration of digital technology adoption caused by the COVID-19 pandemic.

In 2021, the outpatient health management segment held a significant position, with a share of around 35% on the basis of application. Patients with chronic disorders must be closely monitored and informed about how to treat their condition. Patients are now more involved in planning, monitoring, and improving their care due to growing healthcare consumerism.


Patient Engagement Solutions Market Report Coverage

Report AttributeDetails
Forecast Period2021 - 2030
The market size value in 2021USD 11.10 billion
The revenue forecast in 2030USD 74.28 billion
Growth rateCAGR of approximately 20.93%
The base year for estimation2021
Historical data2017 – 2020
UnitUSD Billion, CAGR (2021 - 2030)
SegmentationBy Delivery Type, By Component, By Functionality, By Therapeutic Area, By Application, By End-User, and By Region
By Delivery TypeWeb & Cloud-based, On-premise
By ComponentSoftware and Hardware, Services
By Functionality Health Tracking & Insights, Communication, Billing & Payments, Patient Education, Administrative, and Others
By Therapeutic AreaHealth & Wellness, Chronic Disease Management, and Others
By ApplicationOutpatient Health Management, Population Health Management, In-Patient Health Management, and Others
By End-UserPayers, Providers, Others
By RegionAsia Pacific, North America, Europe, LAMEA
Country ScopeUnited States of America, Japan, United Kingdom, Germany, France, Spain, Italy, The Netherlands, Sweden, Russia, Canada, China, India, Australia, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, Israel, United Arab Emirates
Company Usability ProfilesCerner Corporation (a subsidiary of Oracle Corporation), NextGen Healthcare, Inc., Epic Systems Corporation, LLC, McKesson Corporation, Reed, Koninklijke Philips N.V., Experian Information Solution, Inc., athenahealth, Inc., Klara Technologies, Inc.,  IBM, Nuance Communications, Inc., Allscripts Healthcare, CPSI, Solutionreach, Inc., MEDHOST.

On the basis of end-user, in 2021, the providers ruled the overall market with a share of around 45%. Due to the increased use of routine care procedures, complex healthcare decision-making, and patient portals for information access, providers encourage improved patient engagement techniques.

Regionally, in 2021 North America held a significant position in the overall patient engagement solutions market with a revenue share of around 35%. North America ruled the overall market because of the rising adoption of Mhealth and EHR, the presence of key players, and increased investment in patient engagement software by major corporations. Additionally, it is anticipated that the rising awareness levels and government spending on healthcare will boost growth. As a result of publicly funded systems like the National Health Services (NHS) in the U.K., Europe had the second-largest share in 2021.
The Asia Pacific market will grow at a profitable rate of 18.8%. Growing internet and smartphone penetration, improved healthcare infrastructure and care quality, a large patient population, and the presence of local players are some key factors accelerating the growth of this region's market.


Before initiating a purchase, make a Pre-order enquiry and get a detailed overview of the content of the report.
https://www.strategicmarketresearch.com/pre-order-enquiry/patient-engagement-solutions-market


Key players in Patient Engagement Solutions Market:

  • Solutionreach, Inc.
  • Epic Systems Corporation
  • McKesson Corporation
  • MEDHOST
  • Cerner Corporation
  • Allscripts Healthcare, LLC
  • Koninklijke Philips N.V.
  • Experian Information Solution, Inc.
  • Nuance Communications, Inc.
  • Athenahealth, Inc.
  • CPSI
  • NextGen Healthcare, Inc
  • IBM
  • Epic Systems Corporation Klara Technologies, Inc.
  • Reed

To read the summary of the report, visit the website at
https://www.strategicmarketresearch.com/market-report/patient-engagement-solutions-market


Recent Developments

  • On October 2022, DentalMonitoring collaborated with People + Practice to offer complementary solutions to providers to help them use remote monitoring to attract native digital patients and fuel growth.

  • On September 2022, a digital health company Spencer Health Solution collaborated with Advantage Healthcare Services, a California-based mental health pharmacy, to offer advanced in-home patient services for its largest commercial pharmacy programs.

  • On September 2022, Kyruus announced the acquisition of Epion Health, a leader in digital patient engagement solutions. The acquisition will offer providers and healthcare organizations a one-stop shop for engagement solutions and patient access.

Related Reports

Metastatic Breast Cancer Treatment Market

The Metastatic Breast Cancer Treatment Market report gives an insight into its challenges, opportunities, growth factors, etc. The Metastatic Breast Cancer Treatment Market's worth in 2021 was $17.13 billion and will reach $41.74 billion by 2030, at a 10.4% CAGR during 2021-2030. Increasing demand for better screening, diagnosis, and therapy, changing lifestyles, and increasing awareness are the factors boosting the growth of this market. Major organizations working in this market are Bayers, Sun Pharmaceutical, Novartis, Gilead Sciences, etc.

Digital Biomarkers Market

SMR's Digital Biomarkers Market Report gives detailed insights into its restraints, driving factors, challenges, etc. The Digital Biomarkers Market worth was USD 1.51 billion in 2021, and by 2030 it will be USD 23.86 billion, with a 35.7% CAGR. Increased healthcare expenditure, increased usage of smartphones and smartwatches, and government investment is accelerating the expansion of this market. Organizations playing an important role in this market are Bayer AG, Abbott, Happify Health, Medapad Ltd, Fitbit, Inc, etc.

Non-Invasive Ventilators Market

SMR report on the Non-Invasive Ventilators Market studies its restraints, challenges, augmenting factors, etc. The Non-Invasive Ventilators Market's worth was USD 1.70 billion in 2021, and it will be USD 2.84 billion with a 5.9% CAGR. Factors such as increasing intensive care admissions, high frequency of chronic conditions, increasing pollution levels, and unhealthy lifestyles influence market expansion. Companies operating in this market are ResMed Inc., Airon Corporation, Smiths Medical, Philips Healthcare, Magnamed, Fisher & Paykel Healthcare, etc.

Antibody Drug Conjugates Market

The Antibody Drug Conjugates Market Report analyzes its drivers, opportunities, challenges, etc. The Antibody Drug Conjugates Market value in the year 2021 was USD 4.00 billion, and it will reach USD 13.13 billion by 2030 at a 14.12% CAGR. 
Increasing incidence of cancer, increased demand for antibody-based cancer therapies, increased incidence of breast cancer, etc., are stimulating the market's overall growth. Vital players include seagen, Inc., ADC Therapeutics, Astellas Pharma, AstraZeneca, etc.

Organ Preservation Market

SMR's report on Organ Preservation Market offers a detailed overview of its growth factors, key opportunities, restraints etc. The Organ Preservation Market in 2021 was USD 206.89 Billion and will be USD 377.97 Billion by 2030 with a 6.93% CAGR. The rising geriatric population and rise in cases of organ failure accelerate the market's growth. Major industry players in this market are TransMedics, Bridge To Life Limited, Avionord, Organ Preservation solutions, Carnamedica, OrganOx Limited, Paragonix Technologies, etc.

About Us:
Strategic Market Research facilitates the organizations globally in taking pivotal business decisions by furnishing the Syndicated and Customized Research Reports, which are highly precise in terms of market numbers. We believe that every firm, whether it is a startup which is in the Introduction stage of the Product Life cycle or an established one which is at the growth stage, requires market research services in order to streamline its key business blueprint. It may be related to Product Launch, Go to Market strategies, Competitive Analysis or new geographical penetration and expansion.

Contact Us:
Strategic Market Research LLP.
Sunil Kumar 
India: +91-8260836500
Email: info@strategicmarketresearch.com
Web: https://www.strategicmarketresearch.com
Blog: https://www.strategicmarketresearch.com/blog
Blog: https://www.strategicmarketresearch.com/blogs/metaverse-statistics
Press Release: https://www.strategicmarketresearch.com/press-releases

Connect Us:
LinkedIn: https://www.linkedin.com/company/strategic-market-research/
Twitter: https://twitter.com/smrstrategic
Facebook: https://www.facebook.com/StrategicMarketResearch
Instagram: https://www.instagram.com/strategicmarketresearchsmr/