Jun 19, 2023

News provided by Share this article Share this article NEW YORK, June 19, 2023 /PRNewswire/ -- The patient engagement solutions market  size is estimated to grow by USD 26,378.82 million from 2022 to 2027, growing at a CAGR of 17.83% during the forecast period. North America is estimated to account for 40% of the growth of the global market during the forecast period. The growth of the regional market can be attributed to the rise in demand for improved healthcare outcomes and the increasing incidence of chronic diseases such as heart disease, cancer, diabetes, and others. Furthermore, the need for better management of chronic illnesses such as diabetes or heart disease drives the market growth in the North American region. For instance, many clinical trial sponsors adopted patient engagement technology solutions to enable continuity in data collection, including COVID-19 cases during the pandemic. Hence, such factors drive the regional market growth during the forecast period. For Comprehensive details on the market size of the historic period(2017 to 2021) and forecast period (2023-2027) - View Sample Report Patient Engagement Solutions Market - Vendor Landscape The patient engagement solutions market is fragmented; the vendors are competing with competitors and are trying to get a greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products - The report provides a full list of key vendors, their strategies, and the latest developments. Buy The Report Patient Engagement Solutions Market - Market Dynamics Major Drivers & Challenges- Advanced benefits of patient engagement solutions notably drive the patient engagement solution market growth. These solutions help patients share health information in a secure manner. Some of the solutions include periodic healthcare tips, trigger-based appointment reminders, prescription refill reminders, and post-diagnosis notes. Furthermore, they offer various advantages to patients and providers. For instance, patient registration allows patients to record their health information, such as medication lists, health history, and immunization records. Also, an ideal patient engagement software is a combination of practice management software, customer relationship management (CRM) systems, medical billing software, marketing automation, and other features. Hence, such factors drive the market growth during the forecast period. Stringent regulations on patient engagement solutions are a major challenge hindering the growth of the market during the forecast period. The Health Insurance Portability and Accountability Act (HIPAA) has laid down requirements for safeguarding patient data from unauthorized access and to adhere to these requirements, healthcare providers should sign a contract with patient engagement software vendors before working with them. Stringent regulations such as HIPAA limit the capabilities of modern patient portals, which results in patient portals failing to meet the criteria for efficient patient engagement. Hence, such factors are expected to hinder the growth of the global patient engagement solution market during the forecast period. Key Trends The increasing adoption of mobile technology for patient engagement is an emerging market trend that is influencing the growth of the market. Healthcare providers adopt new solutions in order to enhance workflows and boost patient engagement. Furthermore, health-tracking apps help track the behavioral and vital signs of patients, which can track parameters such as heart rate, calories burnt, and sleep period. The adoption of mobile patient engagement technology is increasing because smartphones provide consumers with instant access to services. Hence, such factors will support market growth during the forecast period. Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. - View Sample Report Company Profiles The patient engagement solutions market report includes information on the product launches, sustainability, and prospects of leading vendors including Agilon health Inc., ALLSCRIPTS HEALTHCARE SOLUTIONS INC., Athenahealth Inc., CipherHealth, Computer Programs and Systems Inc., DrChrono Inc., eClinical Works LLC, Epic Systems Corp., GetWellNetwork Inc., International Business Machines Corp., Lincor Inc., Luma Health Inc., McKesson Corp., Medical Information Technology Inc., Medtronic Plc, Oneview Healthcare Plc, Oracle Corp., Solutionreach Inc., Sonifi Solutions Inc., and Tebra Technologies Inc. Patient Engagement Solutions Market - Competitive Analysis The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others. Patient Engagement Solutions Market - Market Segmentation This patient engagement solutions market report extensively covers market segmentation by delivery mode (on-premise solution, web, and cloud-based solution), end-user (providers, payers, and individual users), and geography (North America, Europe, Asia, and Rest of World (ROW)). The market share growth by the on-premise solution segment will be significant for the overall market growth during the forecast period. These solutions require the purchase of licenses or a software copy, and the entire software solution is stored on the company premises. Thus, they are more secure and protected than cloud computing infrastructure. Furthermore, healthcare data is located within onsite servers and IT infrastructure. Moreover, when any system breaks down or becomes inoperable, the expenditure to fix it is very high. Hence, such factors fuel the segment growth during the forecast period. Gain instant access to 17,000+ market research reports. Related Reports: The Global Remote Patient Monitoring Market size is estimated to grow at a CAGR of 22.22% between 2022 and 2027 and the size of the market is forecast to increase by USD 1,733.81 million. This remote patient monitoring market report extensively covers market segmentation by product (vital signs and implantable), end-user (hospitals, ASCs, and home care), and geography (North America, Europe, Asia, and Rest of World (ROW)). The Emergence of digital healthcare services and healthcare 4.0 is driving the remote patient monitoring system market growth. The patient monitoring equipment market size in Japan is expected to increase by USD 366.62 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.79%. Furthermore, this report extensively covers the patient monitoring equipment market in Japan segmentation by product (electroencephalography (EEG), magnetoencephalography (MEG), transcranial doppler (TCD), pulse oximeter, and others) and end-user (hospitals, clinics, and ambulatory care services). The growing preference for self-care monitoring devices is one of the key drivers supporting the patient monitoring equipment market growth in Japan. Patient Engagement Solutions Market Scope Report Coverage Key companies profiled agilon health Inc., ALLSCRIPTS HEALTHCARE SOLUTIONS INC., Athenahealth Inc., CipherHealth, Computer Programs and Systems Inc., DrChrono Inc., eClinical Works LLC, Epic Systems Corp., GetWellNetwork Inc., International Business Machines Corp., Lincor Inc., Luma Health Inc., McKesson Corp., Medical Information Technology Inc., Medtronic Plc, Oneview Healthcare Plc, Oracle Corp., Solutionreach Inc., Sonifi Solutions Inc., and Tebra Technologies Inc. Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Table of Contents Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million) Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million) Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%) Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%) 4 Historic Market Size 4.1 Global patient engagement technology market 2017 - 2021 Exhibit 18: Historic Market Size – Data Table on global patient engagement technology market 2017 - 2021 ($ million) 4.2 Delivery Mode Segment Analysis 2017 - 2021 Exhibit 19: Historic Market Size – Delivery Mode Segment 2017 - 2021 ($ million) 4.3 End-user Segment Analysis 2017 - 2021 Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million) 4.4 Geography Segment Analysis 2017 - 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million) 4.5 Country Segment Analysis 2017 - 2021 Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million) 5 Five Forces Analysis 6 Market Segmentation by Delivery Mode 6.1 Market segments Exhibit 31: Data Table on Delivery Mode - Market share 2022-2027 (%) 6.2 Comparison by Delivery Mode Exhibit 32: Chart on Comparison by Delivery Mode Exhibit 33: Data Table on Comparison by Delivery Mode 6.3 On-premise solution - Market size and forecast 2022-2027 Exhibit 34: Chart on On-premise solution - Market size and forecast 2022-2027 ($ million) Exhibit 35: Data Table on On-premise solution - Market size and forecast 2022-2027 ($ million) Exhibit 36: Chart on On-premise solution - Year-over-year growth 2022-2027 (%) Exhibit 37: Data Table on On-premise solution - Year-over-year growth 2022-2027 (%) 6.4 Web and cloud-based solution - Market size and forecast 2022-2027 Exhibit 38: Chart on Web and cloud-based solution - Market size and forecast 2022-2027 ($ million) Exhibit 39: Data Table on Web and cloud-based solution - Market size and forecast 2022-2027 ($ million) Exhibit 40: Chart on Web and cloud-based solution - Year-over-year growth 2022-2027 (%) Exhibit 41: Data Table on Web and cloud-based solution - Year-over-year growth 2022-2027 (%) 6.5 Market opportunity by Delivery Mode Exhibit 42: Market opportunity by Delivery Mode ($ million) Exhibit 43: Data Table on Market opportunity by Delivery Mode ($ million) 7 Market Segmentation by End-user 7.1 Market segments Exhibit 47: Data Table on Comparison by End-user 7.3 Providers - Market size and forecast 2022-2027 Exhibit 48: Chart on Providers - Market size and forecast 2022-2027 ($ million) Exhibit 49: Data Table on Providers - Market size and forecast 2022-2027 ($ million) Exhibit 50: Chart on Providers - Year-over-year growth 2022-2027 (%) Exhibit 51: Data Table on Providers - Year-over-year growth 2022-2027 (%) 7.4 Payers - Market size and forecast 2022-2027 Exhibit 52: Chart on Payers - Market size and forecast 2022-2027 ($ million) Exhibit 53: Data Table on Payers - Market size and forecast 2022-2027 ($ million) Exhibit 54: Chart on Payers - Year-over-year growth 2022-2027 (%) Exhibit 55: Data Table on Payers - Year-over-year growth 2022-2027 (%) 7.5 Individual users - Market size and forecast 2022-2027 Exhibit 56: Chart on Individual users - Market size and forecast 2022-2027 ($ million) Exhibit 57: Data Table on Individual users - Market size and forecast 2022-2027 ($ million) Exhibit 58: Chart on Individual users - Year-over-year growth 2022-2027 (%) Exhibit 59: Data Table on Individual users - Year-over-year growth 2022-2027 (%) 7.6 Market opportunity by End-user Exhibit 60: Market opportunity by End-user ($ million) Exhibit 61: Data Table on Market opportunity by End-user ($ million) 8 Customer Landscape Exhibit 66: Data Table on Geographic comparison 9.3 North America - Market size and forecast 2022-2027 Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million) Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million) Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%) Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%) 9.4 Europe - Market size and forecast 2022-2027 Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%) Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%) 9.5 Asia - Market size and forecast 2022-2027 Exhibit 75: Chart on Asia - Market size and forecast 2022-2027 ($ million) Exhibit 76: Data Table on Asia - Market size and forecast 2022-2027 ($ million) Exhibit 77: Chart on Asia - Year-over-year growth 2022-2027 (%) Exhibit 78: Data Table on Asia - Year-over-year growth 2022-2027 (%) 9.6 Rest of World (ROW) - Market size and forecast 2022-2027 Exhibit 79: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million) Exhibit 80: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million) Exhibit 81: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%) Exhibit 82: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%) 9.7 US - Market size and forecast 2022-2027 Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million) Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million) Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%) Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%) 9.8 UK - Market size and forecast 2022-2027 Exhibit 87: Chart on UK - Market size and forecast 2022-2027 ($ million) Exhibit 88: Data Table on UK - Market size and forecast 2022-2027 ($ million) Exhibit 89: Chart on UK - Year-over-year growth 2022-2027 (%) Exhibit 90: Data Table on UK - Year-over-year growth 2022-2027 (%) 9.9 Germany - Market size and forecast 2022-2027 Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ million) Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ million) Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%) Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%) 9.10 China - Market size and forecast 2022-2027 Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million) Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million) Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%) Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%) 9.11 Canada - Market size and forecast 2022-2027 Exhibit 99: Chart on Canada - Market size and forecast 2022-2027 ($ million) Exhibit 100: Data Table on Canada - Market size and forecast 2022-2027 ($ million) Exhibit 101: Chart on Canada - Year-over-year growth 2022-2027 (%) Exhibit 102: Data Table on Canada - Year-over-year growth 2022-2027 (%) 9.12 Market opportunity by geography Exhibit 103: Market opportunity by geography ($ million) Exhibit 104: Data Tables on Market opportunity by geography ($ million) 10 Drivers, Challenges, and Trends 10.1 Market drivers About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact