According to the latest report by IMARC Group “Patient Engagement Solutions Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global patient engagement solutions market reached a value of US$ 26 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 69.5 Billion by 2027, exhibiting a CAGR of 16.71% during 2022-2027.
Patient engagement solutions refer to a system that combines patient activation with treatments to improve health outcomes while providing better patient care at a lesser cost. These technologies also enable healthcare practitioners to communicate with their patients through an online portal. Patient engagement solutions make use of numerous technologies, such as portals and automated messaging, to ensure patient happiness, service quality, and safety.
Market Trends:
The growing public awareness of mobile health is essentially driving the worldwide patient engagement solutions market. Mobile or electronic health platforms provide patients with useful information at every interaction, set up trigger-based appointments or prescription refill reminders, send out periodic healthcare recommendations, and provide post-diagnosis comments. Aside from that, governments in some countries are providing incentives for digitally transformed healthcare services, which is giving the sector a good perspective. Furthermore, as technology advances, companies are increasingly investing in innovative cloud or web-based patient-centric engagement solutions that aid in improving the patient healthcare experience by creating efficient operations through changes in payment methods, models, and regulations, as well as lowering the cost of health plans. All of the aforementioned reasons are expected to boost market expansion in the approaching years.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Competitive Landscape:
- AdvancedMD (Global Payments Inc.)
- Allscripts Healthcare Solutions Inc.
- Athenahealth Inc.
- Cerner Corporation
- EMMI Solutions LLC (Wolters Kluwer N.V.)
- Epic Systems Corporation
- GetWellNetwork Inc.
- Lincor Solutions Limited
- McKesson Corporation
- Medecision Inc. (Health Care Service Corporation)
- Orion Health Ltd.
- Phytel Inc. (International Business Machines Corporation).
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The report has segmented the market on the basis of Product Type, Distribution Channel, Packaging Type and Region.
Breakup by Therapeutic Area:
- Chronic Diseases
- Obesity
- Diabetes
- Cardiovascular
- Others
- Fitness
- Women’s Health
- Mental Health
- Others
Breakup by Application:
- Social Management
- Health Management
- Home Healthcare Management
- Financial Health Management
Breakup by Component:
- Software
- Services
- Hardware
Breakup by Delivery Type:
- Cloud-based
- On-premises
Breakup by End User:
- Payers
- Providers
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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