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Patient Engagement Solutions Market Size, Share, Growth, Trends, Opportunities And Forecast to 2033
Patient Engagement Solutions Market Size
As per the report, the patient engagement solutions market size has grown rapidly in recent years. It will grow from $20.65 billion in 2023 to $23.55 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%. The patient engagement solutions market size is expected to see rapid growth in the next few years. It will grow to $42.78 billion in 2028 at a compound annual growth rate (CAGR) of 16.1%.
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Rising Chronic Disease Prevalence Drives Growth In Patient Engagement Solutions Market
The increasing prevalence of chronic diseases is significantly driving the growth of the patient engagement solutions market. Patient engagement solution is crucial in chronic disease management as patients with chronic conditions constant monitoring their health and the minor changes occurring in their bodies. These patient engagement solutions keep patients informed and engaged in their care program and adhere to the treatment plans, leading to more compliant patients, increased communication, more proactive interventions, lower costs, and higher quality of care. For instance, according to the study published by the National Council of Aging in 2021, in the United States, approximately 85% of older adults have been affected by one chronic disease, while 60% of older adults are affected by two or more chronic diseases. Therefore, the increasing prevalence of chronic diseases is expected to boost the patient engagement solution industry during the forecast period.
Technological Innovation Drives Advancements In The Patient Engagement Solutions Market
Technological innovation is a key trend gaining popularity in the patient engagement solutions market. Major companies operating in the patient engagement solutions market are focused on providing technologically-advanced solutions with integration of innovative features such as salesforce CRM, video API, text API, end to end patient engagement through AI and ML to strengthen their market position. For instance, In March 2022, UST, a US-based based provider of digital transformation solutions, and Well-Beat, an Israeli start-up added human touch to healthcare through behavioral AI. They jointly developed a digital patient engagement SaaS solution that takes patient records based on data from short surveys, medical records, and linked devices to give intelligent interventions and personalized patient experiences.
The patient engagement solutions market covered in this report is segmented -
1) By Component: Software & Hardware, Services
2) By Delivery Type: Web And Cloud-Based, On-Premise
3) By Application: Health Management, Home Health Management, Social and Behavioural Management, Financial Health Management
4) By Therapeutic Area: Chronic diseases, Women's Health, Fitness, Other Therapeutic Areas
5) By End-User: Payers, Providers, Other End Users
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Major companies operating in the patient engagement solutions market report are Cerner Corporation, Epic Systems Corporation, Allscripts Healthcare Solutions Inc., McKesson Corporation, athenahealth Inc., International Business Machines Corporation, Medecision Inc., Orion Health Ltd., GetWellNetwork Inc., Oneview Healthcare PLC, Medical Information Technology Inc., IQVIA Holdings Inc., Computer Programs and Systems Inc., Cognizant Technology Solutions Corporation, Symphony Care LLC, Harris Computer Corporation, Kareo Inc., CureMD Healthcare Inc., eClinicalWorks LLC, Well-Beat Interactive Limited, AdvancedMD Inc., WellSky Inc., CipherHealth Inc., drchrono Inc., Luma Health Inc., PatientPoint LLC, Experian Health PLC, Agilon Health Inc., Medtronic plc, Physitrack Health Pty. Ltd.
Contents of the report:
1. Executive Summary
2. Patient Engagement Solutions Market Report Structure
3. Patient Engagement Solutions Market Trends And Strategies
4. Patient Engagement Solutions Market - Macro Economic Scenario
5. Patient Engagement Solutions Market Size And Growth
…..
27. Patient Engagement Solutions Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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