Global Patient Engagement Solutions Market

Patient Engagement Solutions Market Size, Share, Growth Analysis, By Component(Hardware, Software), By Delivery Mode(Premise, Cloud Based), By Application(Health Management, Home Health Management), By Therapeutic Area(Chronic diseases, Cardiovascular diseases (CVD)), By Functionality(Introduction, E-Prescribing), By End User(Providers, Payers) - Industry Forecast 2024-2031

Report ID: SQMIG35A2540 | Region: Global | Published Date: July, 2001
Pages: 165 | Tables: 181 | Figures: 79

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Patient Engagement Solutions Market size was valued at USD 16.58 billion in 2019 and is poised to grow from USD 19.5 billion in 2023 to USD 70.2 billion by 2031, growing at a CAGR of 17.54% in the forecast period (2024-2031).

Numerous businesses are actively working to increase their market share and diversify their product offerings on the worldwide market. By making investments in R&D, incorporating cutting-edge technology into their products, and releasing updated items for the market, the players continue to dominate the market. To gain a competitive edge and solidify their market positions, these industry actors are exploring a range of inorganic growth strategies. 'Allscripts Healthcare Solutions, Inc.', 'Athenahealth, Inc.', 'Cerner Corporation', 'GetWellNetwork, Inc.', 'IBM Watson Health', 'Lincor Solutions Ltd.', 'McKesson Corporation', 'Medtronic plc', 'Microsoft Corporation', 'Orion Health Ltd.', 'Philips Healthcare', 'Salesforce.com, Inc.', 'Siemens Healthineers AG', 'Sonifi Health, Inc.', 'Stericycle Communication Solutions', 'Teladoc Health, Inc.', 'Vocera Communications, Inc.', 'WebMD Health Corp.', 'Wolters Kluwer N.V.', 'Zocdoc, Inc.'

As health problems are growing more prevalent, health tracking is getting more widespread. In today's technologically advanced environment, patients have access to information that help in providing them with tailored care and allowing them to monitor their health. In order to monitor their health, more people are keeping track of their data, and many of them share it with their doctors and fitness instructors. During the anticipated period, the market for patient engagement solutions will continue to develop due to the high demand for health and fitness tracking gadgets.

Growing Adoption: In order to improve patient adherence to therapy and health outcomes, businesses in the life sciences sector are concentrating on making their organisations, people, processes, and platforms more engaging for patients. 

Due to the presence of major market players in the region, growing acceptance of medical and electronic health records (EHR), and rising investments in patient engagement software by major corporations, the market for patient engagement solutions in North America accounted for the largest revenue share in 2022. Additionally, rising awareness is anticipated to support market revenue growth in the area, along with increased government investment in the healthcare sector and the advancement of contemporary technology.

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