US Patient Engagement Solutions Market

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: SQMIC45B2116 | Region: Country | Published Date: February, 2024
Pages: 278 | Tables: 90 | Figures: 76

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.
$3,500
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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 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) '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'

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.

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.

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

US Patient Engagement Solutions Market

Product ID: SQMIC45B2116

$3,500
BUY NOW GET FREE SAMPLE