AI In Patient Engagement Opportunities, Leading Players, Size And Forecast To 2033

"The Business Research Company recently released a comprehensive report on the Global AI In Patient Engagement Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, 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.

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Market Drivers and Trends:

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.

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.

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Major Key Players of the Market:

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

AI In Patient Engagement Market 2024 Key Insights:

• The ai in patient engagement market is expected to grow to $16.88 billion in 2028 at a compound annual growth rate (CAGR) of 21.8%.
• Surge In Demand For Personalized Healthcare Solutions Boosts AI In Patient Engagement Market Growth
• AI-Powered Patient Engagement Tools Gain Traction In The Market
• North America was the largest region in the AI in patient engagement market in 2023

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