Patient Engagement Technology Market Set to Expand, Anticipated Size of $8.85 Billion by 2033 Driven by Digital Health Initiatives and Patient-Centered Care

The new report published by The Business Research Company, titled "Patient Engagement Technology Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the patient engagement technology market size has grown strongly in recent years. It will grow from $6.63 billion in 2023 to $7.06 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The patient engagement technology market size is expected to see strong growth in the next few years. It will grow to $8.85 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%.

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The Role of Remote Care Demands in Fueling Patient Engagement Technology Market Growth
Growing remote care demands are expected to propel the growth of the patient engagement technology market going forward. The demand for remote care refers to the growing need and expectations for healthcare services that can be delivered remotely without needing in-person visits to healthcare facilities. Remote care enables patients to access healthcare services from their homes. This increased accessibility and convenience lead to higher patient engagement, as individuals are more likely to participate actively in their healthcare when it is actively and energetically accessible. For instance, in February 2023, according to a report by Rock Health, a US-based healthcare organization, 80% of all respondents accessed care via telemedicine at some point, up eight people from 72% in 2021. Further, 82% of reported telemedicine use reflects a 9-person increase in 2021. Therefore, growing remote care demands are driving the growth of the patient engagement technology market.

ZAIDYN Connected Health and Pioneering Technologies Transforming the Patient Engagement Technology Landscape
Major companies operating in the patient engagement technology market are developing innovative technologies such as ZAIDYN connected health to increase profitability in the market. ZAIDYN Connected Health is an AI-powered platform designed to help pharmaceutical companies, healthcare providers, and payers innovate in the healthcare industry. For instance, in October 2023, ZS Associates, a US-based management consulting services company, launched ZAIDYN-connected health technology to ensure medication adherence, monitor chronic illnesses, and take early action in the event of complications. Remote patient monitoring tracks patient health data. This suite of technologies assists stakeholders in the healthcare industry in identifying treatment gaps and unfulfilled patient needs.

The patient engagement technology market covered in this report is segmented -

1) By Type: Hardware, Software, Services
2) By Delivery Mode: Web-Based And Cloud-Based , On-Premise
3) By Application: Health Management, Social Management, Home Healthcare Management, Financial Health Management
4) By End User: Providers, Payers, Patients

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Major companies operating in the patient engagement technology market are Mckesson Corporation, Johnson and Johnson, The International Business Machines Corporation, Oracle Corporation, Medtronic Plc, Northwell Health, IQVIA, Cerner Corporation, Epic Systems Corporation, Palantir Technologies, Athenahealth Inc, eClinical Works LLC, Allscripts Healthcare Solutions Inc. , Computer Programs and Systems Inc., Medical Information Technology Inc., Medecision Inc., PATIENTPOINT LLC , MEDHOST, Orion Health Limited, GetWellNetwork Inc., HealthHub Patient Engagement Solutions , DrChrono Inc., Luma Health Inc., Lincor Solutions Ltd., CipherHealth Inc., Phytel Inc., Oneview Healthcare Plc, SONIFI Health Incorporated. , Get Real Health , WelVU Inc., Yourcareuniverse Inc.

Contents of the report:
1. Executive Summary
2. Patient Engagement Technology Market Report Structure
3. Patient Engagement Technology Market Trends And Strategies
4. Patient Engagement Technology Market - Macro Economic Scenario
5. Patient Engagement Technology Market Size And Growth
…..
27. Patient Engagement Technology Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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