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AI In Patient Engagement Market Analysis Of Industry Size, Share And Trends, Forecasts To 2033
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.AI In Patient Engagement Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $16.88 billion In 2028 At A CAGR Of 21.8% :
The AI in patient engagement market size has grown exponentially in recent years. It will grow from $6.28 billion in 2023 to $7.67 billion in 2024 at a compound annual growth rate (CAGR) of 22.1%. The growth in the historic period can be attributed to improved patient communication, rising demand for personalized healthcare, growing adoption of wearable devices, increased focus on patient-centered care, enhanced data security measures, rising chronic disease incidences.
The AI in patient engagement market size is expected to see exponential growth in the next few years. It will grow to $16.88 billion in 2028 at a compound annual growth rate (CAGR) of 21.8%. The growth in the forecast period can be attributed to accelerated integration of AI in healthcare systems, expansion of telehealth services, increased emphasis on remote patient monitoring, continued development of AI-powered chatbots, surge in health data analytics. Major trends in the forecast period include adoption of AI for predictive analytics in patient care, integration of AI in electronic health records (EHR) systems, ongoing technological innovations in AI, personalized healthcare solutions, advancements in natural language processing (NLP).
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AI In Patient Engagement Market Major Segments
The ai in patient engagement market covered in this report is segmented -
1) By Technology: Chatbots, Natural Language Processing (NLP), Computer Vision
2) By Delivery Type: Cloud-based, On-premise
3) By Therapeutic Area: Health And Wellness, Chronic Disease Management, Other Therapeutic Areas
4) By Application: Outpatient Health Management, In-patient Health Management, Population Health Management, Other Applications
5) By End-Use: Providers, Payers, Other End-Uses
Key Driver - Surge In Demand For Personalized Healthcare Solutions Boosts AI In Patient Engagement Market Growth
The rising demand for personalized healthcare solutions is expected to propel the growth of AI in the patient engagement market going forward. Personalized healthcare solutions, or personalized medicine, are tailored medical treatments and preventative care strategies that consider an individual's medical history, diagnostic testing, circumstances, and genetic information. AI in patient engagement is used in personalized healthcare solutions to leverage data analysis and machine learning to tailor treatments, predict patient outcomes, and optimize care plans based on individual genetic, lifestyle, and clinical factors. For instance, in 2022, according to the Personalized Medicine Coalition, a US-based organization that represents innovators, scientists, and patients, the Food and Drug Administration's Center for Drug Evaluation and Research (CDER) approved 37 new molecular entities (NMEs) in 2022. Further, out of these 37 NMEs, 35 are therapeutic, and among them, 12 are classified as personalized medicines by the Personalized Medicine Coalition (PMC). Therefore, the rising demand for personalized healthcare solutions is driving the growth of AI in the patient engagement market.
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Prominent Trend - AI-Powered Patient Engagement Tools Gain Traction In The Market
Major companies operating in the AI patient engagement market are developing innovative products with advanced technologies, such as artificial intelligence (AI) patient engagement tools, to gain a competitive edge in the market. Artificial intelligence patient engagement tools are AI-powered patient engagement tools utilized to improve communication, provide personalized care, and actively involve patients in their health management. For instance, in October 2023, ZS Associates, a US-based management consulting services company, launched the AI-powered ZAIDYN Connected Health solution, a comprehensive patient engagement platform that integrates AI-powered virtual assistants, personalized messaging, and actionable insights to improve patient care and experience. The platform is designed to help healthcare organizations scale personalized support across all points of care, ensuring patients receive timely and relevant information and resources.
AI In Patient Engagement Market Players
Major companies operating in the ai in patient engagement market report are ZS Associates, Health Catalyst, Viz.ai, Ada Health, Zocdoc, PathAI, Kyruus, Memora Health, HealthLoop, Qventus, Lark Health, Your.MD, Buoy Health, HealthTap, Welltok, Pillo Health, K Health, Mediktor, Clarify Health Solutions, Zebra Medical Vision, Sensely, Orbita, Ayasdi, Clinithink, WiserCare, Catalia Health, Conversa Health, Prevencio
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Largest And Fastest Growing Region In The Market
North America was the largest region in the AI in patient engagement market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ai in patient engagement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. AI In Patient Engagement Market Report Structure
3. AI In Patient Engagement Market Trends And Strategies
4. AI In Patient Engagement Market - Macro Economic Scenario
5. AI In Patient Engagement Market Size And Growth
…..
27. AI In Patient Engagement Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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