Patient Engagement Solutions Market Analysis, Share, Trend, Industry Report Forecast till 2032 | McKesson Corporation (US), Veradigm (US)

Global Patient Engagement Solutions Market Size, Status, and forecast for the 2025-2032. The research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Patient Engagement Solutions Market industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data. Additionally, the report includes upstream and downstream analyses of key players, as well as global certainties and assurances. The report evaluates dynamic aspects such as forecast market information, Porter's Five Forces Analysis, sales estimates, wide product portfolio, market scenarios, and possibility studies.

The global patient engagement solutions market, valued at US$19.7 billion in 2023, is forecasted to grow at a robust CAGR of 13.3%, reaching US$22.6 billion in 2024 and an impressive US$41.8 billion by 2032.

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Market Growth Drivers:

In recent years, the implementation of government initiatives and regulations to promote patient-centric care has become a driving force in advancing the patient engagement solutions market. Governments worldwide have increasingly acknowledged the pivotal role of patient involvement in healthcare decision-making and overall outcomes. For instance, in the United States, the Centers for Medicare & Medicaid Services (CMS) launched the Promoting Interoperability program, which, since 2020, incentivizes healthcare providers to adopt electronic health records (EHRs) that enhance patient engagement. This initiative reflects a commitment to empowering patients by improving access to their health information.

Market Restraint:

The lack of interoperability across healthcare providers is a barrier to advancing patient engagement. Confronted with poor interoperability, hospitals classically build or license interfaces to import and export information from internal and external sources, such as the hospital's EHR, medical devices, laboratories, admit/discharge/transfer processes, and outside laboratories. Thus, a separate hospital may employ a few dozen interfaces, while a greater health system with several sites may have to hire hundreds or even thousands of interfaces. For care coordination models, far more complex interfaces will be important to accommodate data exchange. These interfaces prove costly and hard to maintain and demand highly skilled technicians for their effective operation. The health information exchanges employed by hospitals as a solution to interoperability barriers also pose several challenges involving capital-intensive operation and technical problems in their management.

Major Players in Patient Engagement Solutions Markets are:

McKesson Corporation (US) Veradigm (US) Oracle Corporation (US) Merative (US) Epic Systems Corporation (US) Orion Health (New Zealand) GetWellNetwork (US) athenahealth (US) Oneview Healthcare (Ireland) MEDITECH (US) IQVIA (US) Get Real Health (US) Cognizant (US) Harris Healthcare (US) Kareo (US) CureMD Healthcare (US) eClinicalWorks (US) Lincor Solutions (US) AdvancedMD (US) Luma Health Inc. (US) WellStack (US) Vivify Health (US) Medhost (US) MEDISYSINC (US) PatientPoint LLC (US)

Industry News:

In June 2022, Francisco Partners (US), a leading global investment firm that specializes in partnering with technology businesses, completed the acquisition of healthcare data and analytics assets that were chunk of IBM Watson Health. Under the ownership of Francisco Partners, the new standalone company has been called Merative. The company combines market-leading products that deliver value across the global healthcare ecosystem, serving clients in life sciences, imaging, health plans, and government health & human service sectors. In 2021, McKesson (US) announced a strategic agreement with Merck (US) that provided the two healthcare leaders to connect the power of real-world evidence (RWE) regarding the common goal of enhancing patient outcomes and the quality of cancer care.

In 2021, Humana (US) collaborated with Merative (US) to install Merative Watson Assistant for Health Benefits; it is an AI-enabled virtual agent built in the Cloud. This agent helps offer a beneficial member experience while supporting greater clarity and transparency on benefits and other related matters for Humana Employer Group members. In 2021, Allied Digestive Health (ADH) selected Athenahealth's (US) cloud-based healthcare payments and patient engagement solutions to direct patient relations and revenue cycle excellence, thus maintaining the organization's growth in the coming years.

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Global Patient Engagement Solutions Market Segmentation:

Breakup by Component:
Software
Services
Hardware

Breakup by Application:
Social Management
Health Management
Home Healthcare Management
Financial Health Management

Breakup by End User:
Payers
Providers
Others

Breakup by Delivery Type:
Web-based/Cloud-based
On-premises

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The following areas and countries are covered in the worldwide Patient Engagement Solutions Market file:

North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)

In 2022, North America accounted for the largest share of the global patient engagement solutions market by region. Favorable government initiatives and regulations, the need to curb healthcare costs, and the rising prevalence of chronic diseases are key factors driving market growth in the region. Several key players in the patient engagement solutions market are based in the US. This factor is also expected to contribute to the large share of North America in the global market.

Detailed industry forecast-Brief Introduction to the research report:

Additional information on company participants
Customized reports and analyst assistance are available upon request.
Recent market developments and potential future growth opportunities
Personalized regional/country reports upon request
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