Global Patient Engagement Technology Market, By Delivery Type (Web Based, Cloud Based, On Premise), Component (Software, Service, Hardware), Application (Social Management, Health Management, Home Healthcare Management, Financial Health Management), End- User (Payers, Providers, Individual Users), Therapeutic Area (Chronic Diseases, Fitness, Women Health, Mental Health, Others) – Industry Trends and Forecast to 2030.
Patient Engagement Technology Market Analysis and Size
Growing technological developments, adoption of EHR and m health solutions, the prevalence of chronic diseases, supportive initiatives by key market stakeholders, and healthcare consumerism are some of the market's key drivers. According to NextGen Healthcare's 2021 survey, 83% of ambulatory healthcare survey respondents believed that patient engagement solutions were critical to organizational financial success and patient outcomes. According to the survey, the COVID-19 pandemic fuelled market growth.
Data Bridge Market Research analyses that the patient engagement technology market which was USD 16027.20 million in 2022, is expected to reach USD 74870.66 million by 2030, at a CAGR of 21.25% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Patient Engagement Technology Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Delivery Type (Web Based, Cloud Based, On Premise), Component (Software, Service, Hardware), Application (Social Management, Health Management, Home Healthcare Management, Financial Health Management), End- User (Payers, Providers, Individual Users), Therapeutic Area (Chronic Diseases, Fitness, Women Health, Mental Health, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Allscripts Healthcare, LLC (U.S.), Athenahealth (U.S.), Oracle (U.S.), Lincor (Ireland), Oneview Ltd. (Ireland), Medecision (U.S.), MCKESSON CORPORATION (U.S.), Orion Health group of companies (U.S.), GetWellNetwork, Inc. (U.S.), Get Real Health (U.S.), PATIENTPOINT, LLC (U.S.), SONIFI Health Incorporated. (U.S.), CipherHealth Inc (U.S.), PALANTIR (U.S.), HealthHub Patient Engagement Solutions (Canada), IQVIA (U.S.)
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Market Opportunities
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Market Definition
Patient engagement is the process of enlisting patients as partners in their healthcare. Patients who participate can improve their health literacy and become empowered to participate in the care plan decision-making process. When technology is added to the mix, care teams can create a collection of on-demand health self-management, communication, and education services. Customer Relationship Management (CRM) software, telehealth, and wearable devices are all examples of patient engagement technology solutions.
Patient Engagement Technology Market Dynamics
Drivers
- Rise in diabetes
Factors such as the increasing burden of chronic diseases and an increase in the geriatric population have prompted the global adoption of patient engagement solutions. For instance, according to the American Diabetes Association 2020, 1.5 million new cases of diabetes are diagnosed in the United States each year. Companies are focusing on the development of patient-centric engagement solutions in response to the growing number of diabetic patients.
- Growing number of smartphone users
The growing number of smartphone users around the world has accelerated the adoption of mHealth across the sector, both from providers and consumers. Healthcare apps are becoming more popular, and they are simple to install on smartphones. These apps can be linked to wearable devices and help users manage their overall health, which has increased patients' reliance on mHealth apps. As a result, the COVID-19 pandemic is expected to significantly impact digital transformation.
Opportunities
- Government initiatives
Favourable government initiatives are likely to have an impact on market growth in the coming years. For instance, in 2018, the FDA launched the Patient and Caregiver Connection programme. Throughout the treatment evaluation and surveillance, the programme aimed to foster engagement with patients, patient advocates, and caregivers. Furthermore, favourable government initiatives encourage the adoption of these solutions in developing countries such as India. For instance, Columbia Asia Hospitals, launched a patient engagement application suite in collaboration with MphRx in March 2019. This programme aims to digitally transform healthcare services, improve patient engagement, and lead to clinical excellence.
Restraints/Challenges
- High cost associated with deployment
Lack of health literacy, high deployment costs, a shortage of qualified IT professionals, and patient information protection are all anticipated to restrain market growth.
This patient engagement technology market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the patient engagement technology market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In December 2020, Roche launched a digital platform to personalize diabetes management in Thailand. In Thailand, there are 4.3 million diabetics, half of whom are analysed and treated, and only one-third of those analyzed and treated meet their treatment goals.
- In May 2020, Microsoft launched its first sector-specific cloud, Microsoft Cloud for Healthcare. With telehealth and data analytics features, the platform is designed to help providers advance patient engagement and collaboration among health teams.
Global Patient Engagement Technology Market Scope
The patient engagement technology market is segmented on the basis of delivery type, component, application, end-users and therapeutic area. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Delivery Type
- Web Based
- Cloud Based
- On Premise
Component
- Software
- Service
- Hardware
Application
- Social Management
- Health Management
- Home Healthcare Management
- Financial Health Management
End-User
- Payers
- Providers
- Individual Users
Therapeutic Area
- Chronic Diseases
- Fitness
- Women Health
- Mental Health
- Others
Patient Engagement Technology Market Regional Analysis/Insights
The patient engagement technology market is analyzed and market size insights and trends are provided by country, delivery type, component, application, end-users and therapeutic area as referenced above.
The countries covered in the patient engagement technology market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the patient engagement technology market because of rising awareness about the patient engagement solutions.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 owing to the growing healthcare infrastructure.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The patient engagement technology market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for patient engagement technology market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the patient engagement technology market. The data is available for historic period 2011-2021.
Competitive Landscape and Patient Engagement Technology Market Share Analysis
The patient engagement technology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to patient engagement technology market.
Some of the major players operating in the patient engagement technology market are:
- Allscripts Healthcare, LLC (U.S.)
- Athenahealth (U.S.)
- Oracle (U.S.)
- Lincor (Ireland)
- Oneview Ltd. (Ireland)
- Medecision (U.S.)
- MCKESSON CORPORATION (U.S.)
- Orion Health group of companies (U.S.)
- GetWellNetwork, Inc. (U.S.)
- Get Real Health (U.S.)
- PATIENTPOINT, LLC (U.S.)
- SONIFI Health Incorporated. (U.S.)
- CipherHealth Inc (U.S.)
- PALANTIR (U.S.)
- HealthHub Patient Engagement Solutions (Canada)
- IQVIA (U.S.)
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