Press release
Strategic Forecast for the Patient Engagement Solutions Industry: Market Outlook 2025-2034
Patient Engagement Solutions Market Size
Patient Engagement Solutions Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a significant expansion in the size of the patient engagement solutions market. The market is predicted to surge from $23.04 billion in 2024 to $26.01 billion in 2025, with a compound annual growth rate (CAGR) of 12.9%. The growth experienced in the past can be credited to a transition to value-based treatment, an increase in knowledgeable patients, prioritization of preventative healare, the development of individualized health plans and care trajectories, and population health management tactics.
How Will the Patient Engagement Solutions Market Size Evolve and Grow by 2029?
Predicted rapid escalation is anticipated in the patient engagement solutions market over the coming years, with the market potentially growing to $51.45 billion in 2029, reflecting a compound annual growth rate (CAGR) of 18.6%. The surge in the forecast period can be linked to factors such as remote patient monitoring, patient-centric medicine, patient-reported outcomes, boosting health literacy, efficient data analytics for the management of population health, precision medicine campaigns, focus on health equity, and enhancement of personalization through predictive analytics. Key trends during the speculated timeframe encompass integration of telehealth and remote surveillance, seamless data exchange with EHRs, bidirectional communication and virtual consultation, emphasis on user-oriented design, and initiatives for patient education and health literacy.
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What Drivers Are Propelling the Growth of Patient Engagement Solutions Market Forward?
The rising occurrence of chronic illnesses is notably propelling the advancement of the patient engagement solutions industry. Patient engagement solutions play an essential role in managing chronic diseases because individuals with long-lasting health issues regularly track their wellbeing and slight transformations happening within their bodies. These systems of patient engagement keep them well-informed and actively involved in their care routine, resulting in higher patient compliance, enhanced communication, prompt interventions, reduced expenses, and improved care quality. For example, the World Health Organization, a UN-linked agency based in Switzerland, projected in February 2024 that there will be more than 35 million fresh cancer cases by 2050, which depicts a 77% rise compared to the predicted 20 million cases in 2022. Consequently, the escalating occurrence of chronic diseases is anticipated to further propel the growth of the patient engagement solutions market throughout the forecast period.
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Which Emerging Trends Are Transforming the Patient Engagement Solutions Market in 2025?
Technological advancement is a major trend gaining momentum in the patient engagement solutions market. Many leading companies in this market are offering state-of-the-art solutions, with features such as Salesforce CRM, video API, text API, as well as AI and ML integrated patient engagement to fortify their position in the market. For instance, in March 2022, UST, a digital transformation solutions company based in the US, along with Well-Beat, an Israeli start-up infused a human element into healare via behavioral AI. They collaborated to create a digital SaaS patient engagement solution which utilizes data from brief surveys, medical records, and connected devices to provide smart interventions and tailor-made patient experiences.
What Are the Key Segments in the Patient Engagement Solutions Market?
The patient engagement solutions market covered in this report is segmented -
1) By Component: Software And Hardware, Services
2) By Delivery Type: Web And Cloud-Based, On-Premise
3) By Application: Health Management, Home Health Management, Social and Behavioral Management, Financial Health Management
4) By Therapeutic Area: Chronic diseases, Women's Health, Fitness, Other Therapeutic Areas
Subsegments:
1) By Software And Hardware: Patient Portals, Mobile Health Applications, Remote Monitoring Devices, Wearable Devices, Telehealth Platforms, Electronic Health Records (EHR) Integration Tools
2) By Services: Consulting Services, Implementation And Integration Services, Training And Education Services, Technical Support And Maintenance, Data Analytics And Reporting Services
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Who Are the Key Players Shaping the Patient Engagement Solutions Market's Competitive Landscape?
Major companies operating in the patient engagement solutions market include Cerner Corporation, Epic Systems Corporation, Allscripts Healare Solutions Inc., McKesson Corporation, athenahealth Inc., International Business Machines Corporation, Medecision Inc., Orion Health Ltd., GetWellNetwork Inc., Oneview Healare PLC, Medical Information Technology Inc., IQVIA Holdings Inc., Computer Programs and Systems Inc., Cognizant Technology Solutions Corporation, Harris Computer Corporation, Kareo Inc., CureMD Healare Inc., eClinicalWorks LLC, 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.
What Geographic Markets Are Powering Growth in the Patient Engagement Solutions Market?
North America was the largest region in the patient engagement solutions market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the patient engagement solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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