The global patient engagement solutions market is driven by the increasing adoption of government policies and programs that promote patient-centered care. Also, the shift in the healthcare industry towards a patient-centric approach is driving market growth. This approach helps in improving patient outcomes and experiences.
Major players in the patient engagement solutions market are Allscripts Healthcare Solutions, Inc, Athenahealth, Inc, Cerner Corporation, McKesson Corporation, Phytel, Inc, Orion Health Ltd, Lincor Solutions Ltd, GetWellNetwork, Inc, YourCareUniverse, Inc, and MEDecision, Inc. North America region holds a dominant position in the patient engagement solutions market.
Key Developments in the Patient Engagement Solutions Market
Key players are focusing on various strategies such as product launches and acquisitions to expand their product portfolio.
On June 1, 2023, Maxim Software Systems announced the launch of EngageB, a groundbreaking web application designed to transform patient engagement in dental clinics.
In September 2020, CloudMD Software & Services Inc., a telehealth company, entered into a Binding Term Sheet to acquire iMD Health Global Corp.
Report Metrics
Details
CAGR
19.2%
Forecast Period
2023-2030
Data Availability
Value (USD)
Segments Covered
By Product Components, By Mode of Delivery, By Application, By End User, By Therapeutic Areas, and By Region
Regions Covered
North America, Europe, Asia-Pacific, Latin America and Middle East & Africa
Fastest Growing Region
Asia-Pacific
Largest Market Share
North America
Report Insights Covered
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other Key insights.
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Patient Engagement Solutions Market: Overview
Patient engagement solutions refer to the various activities carried out by healthcare institutions to ensure patients are involved in their healthcare journey, thereby improving their overall experience. These solutions utilize various digital tools, communication platforms, and patient-centric approaches to foster engagement, enhance communication, and promote better healthcare outcomes.
Patient Engagement Solutions: Opportunities
Patient engagement solutions leveraging artificial intelligence and data analytics present a significant growth opportunity for the market players. By analyzing patient data, preferences, and behaviors, healthcare providers can tailor interventions to individual patients, enhancing engagement and health outcomes.
Patient Engagement Solutions: Dynamics
The increasing adoption of government policies and programs that promote patient-centered care. In March 2020, the IS President signed the CARES (Coronavirus Aid, Relief, and Economic Security) Act, a USD 2 million coronavirus emergency stimulus program. The bill expands coverage for therapy and assistance for persons affected by COVID-19.
Technological advancements and a shift towards value-based care are other major factors driving the growth of the market.
However, factors such as the large investment required for healthcare infrastructure and high implementation costs are restraining the market growth.
Patient Engagement Solutions Market: Segmentation
By Product Components
Hardware
Software
Services
By Mode of Delivery
On-Premise
Web-based
Cloud-based
By Application
Health Management
Social and Behavioral Management
Home Health Management
Financial Health Management
By End User
Individual Users
Providers
Payers
Other End Users
By Therapeutic Areas
Chronic Diseases
Women’s Health
Fitness
Other Therapeutic Areas
By Region
Latin America
Europe
Asia Pacific
Middle East
Africa
North America holds a dominant position in the patient engagement solutions market owing to the increasing adoption of mHealth and electronic health records and rising investment in patient engagement software.
In January 2022, Ashfielf Engage announced the acquisition of Medaxis, a company that provides healthcare professionals and patients with patient engagement services.
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