Patient Engagement Solutions Market worth USD 69.25 billion by 2030, growing at a CAGR of 17.2% - Exclusive Report by SNS Insider

The global patient engagement solutions market size was valued at USD 19.45 billion in 2022, and it is expected to reach USD 69.25 billion by 2030, growing at a compound annual growth rate (CAGR) of 17.2% over the forecast period of 2023-2030, according to a new report by SNS Insider.

Report Scope
The comprehensive report provides a detailed analysis of the market dynamics, trends, and growth opportunities. It covers various segments, including software, hardware, and services, across different end-users such as hospitals, clinics, and home healthcare. The report also delves into the technological advancements driving the market, regulatory landscapes, and strategic initiatives by key players.

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Market Analysis
The surge in market size is attributed to the growing demand for personalized healthcare solutions, government initiatives promoting patient-centric care, and the rising prevalence of chronic diseases. Technological innovations such as mobile health apps, wearable devices, and telemedicine platforms are transforming patient engagement, making healthcare more accessible and efficient.

List of Patient Engagement Solutions Companies Profiled in Report:
• Allscripts Healthcare LLC
• athenahealth, Inc.
• Cerner Corporation (Oracle)
• CPSI
• Epic Systems Corporation
• Experian Information Solutions, Inc.
• IBM
• Klara Technologies Inc.
• Koninklijke Philips N.V.
• McKesson Corporation
• MEDHOST
• NextGen Healthcare, Inc.
• Nuance Communications, Inc.
• ResMed
• Solutionreach, Inc.

(To view Full list of companies, Ask for Sample Report)

Patient Engagement Solutions Market Segmentation as Follows:
By Delivery Type
• On-premise
• Cloud-based

By Component Type
• Software & Hardware
- Integrated
- Standalone
• Services
- Consulting
- Support & Maintenance
- Implementation & Training
- Others

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

By Therapeutic Area
• Chronic Disease Management
• Health & Wellness
• Others

By Application
• Population Health Management
• In-patient Health Management
• Outpatient Health Management
• Others

By End-user
• Providers
• Payers
• Others

Impact of the Russia-Ukraine Conflict
The ongoing Russia-Ukraine conflict has had a mixed impact on the Patient Engagement Solutions market. While the geopolitical instability has led to disruptions in the supply chain and healthcare infrastructure in the affected regions, it has also highlighted the critical need for robust patient engagement systems that can function effectively in crisis situations. This has accelerated the adoption of digital health tools in conflict zones, underscoring their importance in maintaining healthcare continuity.

Impact of Economic Slowdown
The global economic slowdown has posed challenges to the market, with budget constraints affecting healthcare spending in several regions. However, the essential nature of healthcare services has somewhat insulated the Patient Engagement Solutions market. The economic pressure has prompted healthcare providers to seek cost-effective and efficient solutions, further driving the demand for innovative patient engagement technologies.

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Regional Analysis
• North America: Dominates the market due to advanced healthcare infrastructure, high adoption of digital health technologies, and favorable government policies.
• Europe: Shows significant growth potential driven by increasing healthcare digitization initiatives and rising patient awareness.
• Asia-Pacific: Expected to witness the highest growth rate, fueled by large populations, improving healthcare facilities, and growing investment in health IT.
• Latin America and Middle East & Africa: Gradually adopting patient engagement solutions with efforts to enhance healthcare accessibility and quality.

Key Takeaways
• The Patient Engagement Solutions market is projected to grow at a CAGR of 17.2% from 2023 to 2030.
• Technological advancements and the increasing need for efficient healthcare delivery are major growth drivers.
• The Russia-Ukraine conflict has underscored the importance of robust patient engagement systems in crisis scenarios.
• The economic slowdown presents challenges but also opportunities for cost-effective healthcare solutions.
• North America and Europe are leading markets, while Asia-Pacific is the fastest-growing region.
• The adoption of digital health technologies, such as mHealth apps and telemedicine, is expanding the applications of patient engagement solutions.
• The development of personalized and interactive patient engagement platforms is improving patient adherence and satisfaction.
• The market is highly competitive, with key players focusing on product innovation, strategic partnerships, and mergers and acquisitions.

Recent Developments
• In April 2023, Cerner Corporation launched the Cerner Patient Experience Platform, a comprehensive solution designed to enhance patient engagement and improve care coordination.
• In March 2023, GetWellNetwork acquired HealthLoop, a leading provider of digital patient engagement solutions, to expand its suite of patient engagement offerings.
• In February 2023, Wellbe, Inc. introduced the Wellbe Connected Health Platform, a cloud-based solution that integrates virtual care, remote patient monitoring, and patient engagement capabilities.

Recent advancements in the market include the integration of AI and machine learning in patient engagement platforms, enhancing predictive analytics and personalized care. Key players are focusing on strategic partnerships and acquisitions to expand their product offerings and global presence. Regulatory approvals for innovative digital health solutions are also accelerating market growth.

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Table of Content
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Patient Engagement Solutions Market Dynamics
Chapter 4 Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)
Chapter 5 Value Chain Analysis
Chapter 6 Porter's 5 forces model
Chapter 7 PEST Analysis
Chapter 8 Patient Engagement Solutions Market Segmentation, By Delivery Type
Chapter 9 Patient Engagement Solutions Market Segmentation, By Component Type
Chapter 10 Patient Engagement Solutions Market Segmentation, By Functionality
Chapter 11 Patient Engagement Solutions Market Segmentation, By Therapeutic Area
Chapter 12 Patient Engagement Solutions Market Segmentation, By Application
Chapter 13 Patient Engagement Solutions Market Segmentation, By End-user
Chapter 14 Regional Analysis
Chapter 15 Company profile
Chapter 16 Competitive Landscape
Chapter 17 Use Case and Best Practices
Chapter 18 Conclusion
Continued…

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This release was published on openPR.