USD 5.09 billion
US Patient Engagement Solutions Market Size, Share, Growth Analysis, By Delivery Type(Web-based, Cloud-based), By Component(Software, Hardware), By End User(Providers, Payers) - Industry Forecast 2024-2031
Report ID:
SQSU45B2021 |
Region:
Global |
Published Date: February, 2024
Pages:
278
|
Tables:
90 |
Figures:
76
US Patient Engagement Solutions Market Insights
US Patient Engagement Solutions Market size was valued at USD 5.09 billion in 2019 and is poised to grow from USD 5.87 billion in 2023 to USD 17.64 billion by 2031, growing at a CAGR of 15.28% in the forecast period (2024-2031).
The market for patient engagement solutions is made up of companies (organisations, partnerships, and sole proprietors) that sell passive or active electronic systems intended to interact with patients in order to maintain their health through health management software and technology. Wearables, smartphone apps, educational tools, and other technologies are used by healthcare providers to reassure and engage their patients. In order to make educated health decisions, these technologies give patients instant access to doctors, real-time monitoring of important bodily signs, and electronic record preservation. Some of the main growth drivers of this market include the rising acceptance of digital health technology, supportive government initiatives, the prevalence of chronic diseases, and stakeholder investments. The COVID-19 pandemic had a major impact on market expansion. In response to the COVID-19 epidemic, market companies launched new products and features, and the government and regulatory agencies encouraged the use of these products by enacting favourable regulations.
Growing public awareness of patient engagement programmes funded by government agencies like the Office of the National Coordinator for Health Information Technology and the Agency of Healthcare Research and Quality is anticipated to boost industry expansion. Additionally, it is anticipated that over the course of the forecast period, demand for patient engagement solutions will rise as a result of improved reimbursement policies and government and non-government organisations providing funding for the implementation of health information exchange systems.
US Patient Engagement Solutions Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Cloud Based
Fastest Growth
Cloud Based
Growth Rate
15.28% CAGR
Global Patient Engagement Solutions Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Patient Engagement Solutions Market Size By Delivery Mode 2022-2028 ($ Bn)
Global Patient Engagement Solutions Market Size By Delivery Mode 2022-2028 (%)
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US Patient Engagement Solutions Market Segmental Analysis
The US patient engagement solutions market is segmented based on Delivery Type, Component, End Users and Region. Based on Delivery Type US Patient Engagement Solutions Market is segmented into Web-based, Cloud-based, On-premise. Based on Component US Patient Engagement Solutions Market is segmented into: Software, Hardware, Services. Based on End Users US Patient Engagement Solutions Market is trifurcated into Providers, Payers, Individual users. Based on region it is categorized into: North America & Canda.
US Patient Engagement Solutions Market Analysis by Delivery Type
In terms of revenue, the web-based solutions category had more than 75% of the market for patient engagement solutions in the United States in 2021. Over the projection period, the segment for cloud-based solutions is expected to grow at the quickest CAGR. The expansion is predicted to be fueled by government programmes like the Electronic Health Record Incentive Program, which intends to increase patient engagement in the United States with the aid of patient portals. Icon plc released a web-based clinical trial platform in May 2019 to connect patients with the closest investigative site and provide them with study-related data. Due to increasing demand for cloud-based healthcare technology among healthcare providers, the cloud-based segment is predicted to have a significant growth by the conclusion of the analysis timeframe. These tools aid healthcare personnel in overcoming a variety of obstacles, increasing efficiency, and streamlining processes. This is motivating market participants to introduce cutting-edge cloud-based patient interaction solutions that will support the market's further expansion. Contrarily, in September 2020, Elsevier introduced PatientPass, a cloud-based platform for patient education.
US Patient Engagement Solutions Market Analysis by Component
Software and hardware as well as services make up the primary categories of patient engagement solutions. For patient involvement, a software and hardware to software and hardware solution is deployed. The EMR software and tablet devices utilised by various health management are just two examples of patient engagement solutions that are made simple to use by a combination of hardware and software.
Since software is a major component of patient engagement solutions, the software category held a 49% revenue share in 2021. It is also anticipated that the increasing use of mHealth apps and remote monitoring tools would aid in the segment's expansion.
From 2022 to 2028, the services sector is anticipated to grow at the fastest CAGR of 17%. The growing use of digital health solutions by hospitals, clinics, and other healthcare facilities is anticipated to boost demand for training, consulting, and implementation services and propel the market's expansion. For instance, educational services assist doctors in informing and involving patients to improve the effectiveness of treatment. It assists in keeping track of patient data, assisting doctors in scheduling patient appointments, and keeping track of dietary and prescription information. Patient portals can record and save the doctor-patient conversations for further analysis and interpretation. This makes it easier for patients to participate and lowers the rate of readmission.
Global Patient Engagement Solutions Market By Delivery Mode 2021 (%), 2023 (%)
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US Patient Engagement Solutions Market Regional Insights
In terms of geography, North America dominates the market for patient engagement solutions. This is ascribed to a rise in the availability of high-quality healthcare services, as well as to more extensive legislative changes and innovative incentive-based payment systems.
In the following years, Canada is likewise anticipated to show a high CAGR. This is partly attributable to the healthcare industry's growing adoption of digital technologies. Additionally, the business growth is being aided by the supportive government measures aimed at digitising healthcare services. The development of novel solutions that may successfully match customer requests and give them a competitive edge in the market is where they are mostly concentrating their efforts.
Global Patient Engagement Solutions Market By Geography, 2022-2028, 2024-2031
- Largest
- Fastest
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US Patient Engagement Solutions Market Dynamics
US Patient Engagement Solutions Market Driver
- The CARES Act also gives Medicare more leeway to cover telehealth services, permits physician assistants, nurse practitioners, and certified nurse specialists to be certified by Medicare for home health services, and raises Medicare payments for hospital stays connected to COVID-19 and durable medical equipment. The demand for and acceptance of patient engagement solutions in important areas around the world are anticipated to expand as a result of such initiatives and legislation.
- Growing public awareness of patient engagement programmes funded by government agencies like the Office of the National Coordinator for Health Information Technology and the Agency of Healthcare Research and Quality is anticipated to boost industry expansion.
- Some of the main growth drivers of this market include the rising acceptance of digital health technology, supportive government initiatives, the prevalence of chronic diseases, and stakeholder investments.
US Patient Engagement Solutions Market Restraint
- Payers have previously made large investments in infrastructure and exclusive systems. These firms will face a number of cost-related difficulties when moving or integrating these systems with patient engagement solutions. Additionally, they will need to make adjustments to their current systems, which are designed exclusively to meet their present needs. Additionally, switching to cloud-based patient interaction systems will necessitate altering the existing IT architecture, particularly in hospitals that already act as hubs linking numerous doctors, labs, and pharmacists. Therefore, finding the resources to enable widespread interoperability and interconnection could impede the shift for such healthcare institutions to cloud-based patient engagement systems.
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US Patient Engagement Solutions Market Competitive Landscape
The existence of several international players defines the market. To increase their market share, businesses use a variety of techniques, including partnerships, agreements, regional growth, mergers, acquisitions, and new product creation. In our US Patient Engagement Solutions market reports, some of the leading quality US Patient Engagement Solutions manufacturers are as follows: IBM (US), McKesson Corporation (US), Allscripts (US), Cerner Corporation (US), Epic Systems Corporation (US), GetWellNetwork (US), athenahealth (US), MEDITECH (US), IQVIA (US), Get Real Health (US), Cognizant (US), Symphony Care (US), Harris Healthcare (US), Kareo (US), CureMD Healthcare (US), eClinicalWorks (US), Lincor Solutions (US), AdvancedMD (US), WellStack(US), IQVIA (US), Vivify Health (US), Medhost (US), Validic (US) MEDISYSINC (US), Patient point LLC (US)
US Patient Engagement Solutions Market Top Players Company Profiles
- Allscripts
- athenahealth
- CareCloud
- Cerner Corporation
- CipherHealth
- Docent Health
- Epic Systems Corporation
- GetWellNetwork
- HealthLoop
- Luma Health
- Medallia
- Medfusion
- Meditech
- NextGen Healthcare
- NRC Health
- Phreesia
- Practo
- Press Ganey
- Qventus
- Solutionreach
US Patient Engagement Solutions Market Recent Developments
- In March 2022, Tryl has been purchased by YPrime, LLC, a US-based provider of cloud-based eClinical solutions, for an unknown sum. With the market shifting toward decentralised clinical trial models, YPrime will seek to create the first solution in the sector to assist patients in staying more informed and involved throughout the clinical trial process.
- In February 2022, with the help of behavioural AI, UST, a US-based provider of digital transformation solutions, and Well-Beat, an Israeli start-up, gave healthcare a human touch. Together, they created a SaaS platform for digital patient engagement that uses patient data from brief questionnaires, medical records, and connected devices to provide individualised patient experiences and intelligent interventions.
US Patient Engagement Solutions Key Market Trends
- The adoption of mHealth by both consumers and providers has accelerated due to the rising number of smartphone users worldwide. Due to their ease of installation on smartphones, healthcare apps are growing in popularity with consumers. Patients are becoming more confident in mHealth apps since they can connect to wearable technology to help users maintain their health.
- The market for patient engagement solutions is booming due to the rising popularity of mobile health apps and wearable healthcare trackers.
US Patient Engagement Solutions Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, based on delivery type, the web-based category held the largest market share in 2021 for patient engagement solutions globally. Healthcare organisations can share and integrate data in real time across several systems or locations thanks to cloud-based technologies. In the market for patient engagement solutions in 2021, North America held the biggest market share. The adoption of mHealth and electronic health records (EHR) as well as the major firms' growing investment in patient engagement software are credited as crucial reasons in this development. Additionally, the North American region's market for global patient engagement solutions is anticipated to grow faster than other regions due to rising public awareness and greater government investment in the healthcare sector.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.09 billion |
| Market size value in 2031 | USD 17.64 billion |
| Growth Rate | 15.28% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on US Patient Engagement Solutions Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on US Patient Engagement Solutions Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the US Patient Engagement Solutions Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the US Patient Engagement Solutions Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the US Patient Engagement Solutions Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the US Patient Engagement Solutions Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
US Patient Engagement Solutions Market Report Snapshots
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