The Global Patient Experience Management Market Determined to Acquire $3182.62 Million in Revenue by 2028

According to Triton’s report, the global patient experience management market, which garnered $757.56 million in 2020, is expected to register growth at 20.67% of CAGR by 2028.

A recent study by Triton Market Research titled ‘Global Patient Experience Management Market’ includes the Global Analysis and Forecasts by Product & Services (Services, Product), Delivery Model (Mobile-Based, On-Premise, Cloud-Based, Web-Based), End-users (Pharma/Biotech/Med Device Companies, Payers, Providers), and by Geography (Middle East and Africa, North America, Asia-Pacific, Europe, Latin America).

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According to Triton’s report, the global patient experience management market is expected to reap a revenue worth $3182.62 million by 2028, growing at a CAGR of 20.67% during the years 2021-2028.
Patient experience management is maintaining a patient’s communication with medical professionals. Moreover, several market players are offering patient experience software to biotech, pharma, and medical companies to improve the patient experience.

Mobile technologies have revolutionized the healthcare industry by offering software to track personal data and gain critical services remotely efficiently. Along with this, the ever-increasing adoption of electronic wearables and applications has enhanced the patient experience in hospitals. Additionally, the maintenance of electronic health records has simplified the transfer or storage of patient information. Hence, the rising adoption of smart health applications and technologies is driving the patient experience management market on a growth path. However, the absence of skilled healthcare professionals in various regions is impeding the development of the patient experience management market.

The patient experience management market is broadly sectioned into product & services, delivery model, and end-users. The product & services segment is divided into services and product. The delivery model is branched into mobile-based, on-premise, cloud-based, and web-based. Additionally, the end-users are subdivided into pharma/biotech/med device companies, payers, and providers.

Geographically, North America dominates the patient experience management market and is expected to continue its stronghold till 2028. Its robust growth can be attributed to the presence of renowned market players entering into partnerships in the United States. Along with this, the country has witnessed tremendous development in its healthcare sector due to the deployment of various cost-effective technologies for patient management. Therefore, as mentioned above, all these factors play a massive role in the development of the patient experience management market across the region.

Change Healthcare, Ecosoft Health, Aritic, Leadsquared, Iqvia, Epic, Qualtrics, Philips Healthcare, Carecloud, Levo Health, All Covered, Medstatix Inc, Q-Nomy Inc, and PWC are distinguished companies in the patient experience management market.

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Question & Answer: Patient Experience Management Market

Question 1: What factors are driving the patient experience management market on a growth path?

Answer: Mobile technologies have revolutionized the healthcare industry by offering software to track personal data and gain critical services remotely efficiently. Along with this, the ever-increasing adoption of electronic wearables and applications has enhanced the patient experience in hospitals. Additionally, the maintenance of electronic health records has simplified the transfer or storage of patient information. Hence, the rising adoption of smart health applications and technologies is driving the patient experience management market on a growth path.

Question 2: What factor is impeding the development of the patient experience management market?

Answer: The absence of skilled healthcare professionals in various regions is impeding the development of the patient experience management market.

Question 3: Which region dominates the patient experience management market?

Answer: Geographically, North America dominates the patient experience management market and is expected to continue its stronghold till 2028. Its robust growth can be attributed to the presence of renowned market players entering into partnerships in the United States. Along with this, the country has witnessed tremendous development in its healthcare sector due to the deployment of various cost-effective technologies for patient management. Therefore, as mentioned above, all these factors play a massive role in the development of the patient experience management market across the region.

Question 4: Which are the distinguished companies in the patient experience management market?

Answer: Change Healthcare, Ecosoft Health, Aritic, Leadsquared, Iqvia, Epic, Qualtrics, Philips Healthcare, Carecloud, Levo Health, All Covered, Medstatix Inc, Q-Nomy Inc, and PWC are distinguished companies in the patient experience management market.

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Global Artificial Intelligence (AI) in Healthcare Market

The global artificial intelligence in healthcare market is expected to advance during the forecast period 2019-2027 at a CAGR of 40.48%.
As per estimates, the amount of digital data extends every two years. In such a scenario, AI helps in maintaining the massive quantum of big data.

The rising use of big data in healthcare, the use of AI in genomics, and the increasing importance of precision medicine are widening the scope of the studied market.

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