Product ID: SQMIC45B2116
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 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.
US Patient Engagement Solutions Market Report Snapshots
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