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Future of the Global Patient Engagement Technology Market: Trends, Innovations, and Key Forecasts Through 2034
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Patient Engagement Technology Market Size Growth Forecast: What to Expect by 2025?
The sphere of patient engagement technology has seen robust expansion lately, projected to advance from a valuation of $7.06 billion in 2024 to $7.44 billion by 2025, reflecting a steady compound annual growth rate of 5.5%. This upward trajectory in the documented timeframe is supported by several key factors, notably the enactment of governmental rules and programs pushing for care models centered around the patient, a substantial post-pandemic need for systems designed to involve patients, the expanding adoption of mobile health applications, a greater frequency of alliances and cooperative ventures between various healthcare entities, and the heightened incorporation of remote care solutions.
How Will the Patient Engagement Technology Market Size Evolve and Grow by 2029?
Anticipation surrounds the patient engagement technology sector, projecting substantial expansion in the ensuing years, with the market valuation projected to reach 9.34 billion USD by 2029, reflecting a steady compound annual growth rate of 5.8%. This upward trajectory observed during the projection timeframe is fueled by several key factors, including a scarcity of skilled information technology experts, the necessity for safeguarding patient data, advancements in technology, an escalating need for patient engagement platforms, and the wider integration of electronic health records and mobile health applications. Over the forecasted period, prominent shifts include the increased uptake of virtual care options, a movement emphasizing patient-centric care models, a growing frequency of alliances and cooperative arrangements between various healthcare participants, and the increasing incidence of long-term health conditions.
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What Drivers Are Propelling the Growth of Patient Engagement Technology Market Forward?
The escalating need for remote healthcare solutions is anticipated to fuel the advancement of the patient engagement technology sector in the near future.This rising requirement for remote care signifies an expanding expectation for medical provisions accessible outside traditional clinical settings, negating the necessity for physical site visits.Healthcare access is broadened through remote options, permitting individuals to receive necessary attention directly from their residences.Such enhanced ease of access naturally fosters greater involvement from patients, as people tend to become more proactive partners in managing their well-being when services are readily and conveniently available.As an illustration, data released by Rock Health, a healthcare entity situated in the United States, indicated in February 2023 that 80 percent of survey participants had utilized telemedicine at some juncture, marking an increase from 72 percent recorded in 2021.Moreover, the reported utilization of telemedicine stood at 82 percent, representing a 9-point rise compared to the figures from 2021.Consequently, the increasing appetite for remote medical services serves as a major impetus behind the market expansion for patient engagement technologies.
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Which Emerging Trends Are Transforming the Patient Engagement Technology Market in 2025?
Market leaders within the patient engagement technology sector are actively engineering novel solutions, exemplified by ZAIDYN connected health, with the goal of boosting their financial returns.ZAIDYN Connected Health represents an artificial intelligence driven solution curated to empower pharmaceutical firms, medical service institutions, and insurance providers to drive advancements across the entire healthcare spectrum.As a concrete illustration, in October of 2023, ZS Associates, a consulting firm originating from the United States, introduced the ZAIDYN-connected health system, establishing capabilities for ensuring patients stick to their prescribed medications, keeping tabs on conditions that are long-term, and permitting prompt intervention should complications arise.This process of monitoring patients from a distance captures essential patient health metrics.Ultimately, this collection of technological capabilities serves to support all involved parties in healthcare by pinpointing deficiencies in care protocols and unmet requirements from the patient's perspective.
What Are the Key Segments in the Patient Engagement Technology Market?
The patient engagement technologymarket 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
Subsegments:
1) By Hardware: Patient Kiosks; Wearable Devices; Tablets And Mobile Devices; Telehealth Equipment
2) By Software: Patient Portal Software; Mobile Health Applications; Communication And Messaging Platforms; Telemedicine Software; Analytics Tools
3) By Services: Consulting Services; Implementation Services; Training And Support Services; Engagement Strategy Development
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Who Are the Key Players Shaping the Patient Engagement Technology Market's Competitive Landscape?
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.
What Geographic Markets Are Powering Growth in the Patient Engagement Technology Market?
North America was the largest region in the patent engagement technology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the patient engagement technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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