Healthcare

Patient Engagement Solutions Market 2024 – Size, Industry Growth Rate, Top Trends, Major Players And Forecast To 2033 | Cerner Corporation, Epic Systems Corporation, Allscripts Healthcare Solutions Inc., McKesson Corporation, athenahealth Inc.

Overview and Scope
The patient engagement solutions refers to a passive or active electronic system designed to communicate with patients to maintain their health through health management software and hardware. Healthcare providers use various technologies to reassure and engage their patients through wearables, mobile apps, educational resources, and others. These solutions enable patients to have quick access to physicians, real-time monitoring of vital body signs, and electronic record storage to make well-informed health decisions.

Sizing and Forecast
The patient engagement solutions market size has grown rapidly in recent years. It will grow from $20.65 billion in 2023 to $23.55 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%. The growth in the historic period can be attributed to shift towards value-based care, empowerment of informed patients, focus on preventive healthcare, personalized health plans and care journeys, population health management strategies..

The patient engagement solutions market size is expected to see rapid growth in the next few years. It will grow to $42.78 billion in 2028 at a compound annual growth rate (CAGR) of 16.1%. The growth in the forecast period can be attributed to remote patient monitoring, personalized medicine, patient-reported outcomes, focus on health literacy, data analytics for population health management, precision medicine initiatives, focus on health equity, enhanced personalization through predictive analytics.. Major trends in the forecast period include telehealth and remote monitoring integration, data interoperability and integration with ehrs, two-way communication and teleconsultation, focus on user-centric design, patient education and health literacy initiatives..

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Segmentation & Regional Insights
The patient engagement solutions market covered in this report is segmented –
1) Patient Engagement Solutions Market By Component: Software & Hardware, Services
2) Patient Engagement Solutions Market By Delivery Type: Web And Cloud-Based, On-Premise
3) Patient Engagement Solutions Market By Application: Health Management, Home Health Management, Social and Behavioural Management, Financial Health Management
4) Patient Engagement Solutions Market By Therapeutic Area: Chronic diseases, Women’s Health, Fitness, Other Therapeutic Areas
5) Patient Engagement Solutions Market By End-User: Payers, Providers, Other End Users

Top Major Players

Cerner Corporation

Epic Systems Corporation

Allscripts Healthcare Solutions Inc.

McKesson Corporation

athenahealth Inc.

North America was the largest region in the patient engagement solutions market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the patient engagement solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The increasing prevalence of chronic diseases is significantly driving the growth of the patient engagement solutions market. Patient engagement solution is crucial in chronic disease management as patients with chronic conditions constant monitoring their health and the minor changes occurring in their bodies. These patient engagement solutions keep patients informed and engaged in their care program and adhere to the treatment plans, leading to more compliant patients, increased communication, more proactive interventions, lower costs, and higher quality of care. For instance, according to the study published by the National Council of Aging in 2021, in the United States, approximately 85% of older adults have been affected by one chronic disease, while 60% of older adults are affected by two or more chronic diseases. Therefore, the increasing prevalence of chronic diseases is expected to boost the patient engagement solution industry during the forecast period.

Key Industry Players
Major companies operating in the patient engagement solutions market report are Cerner Corporation, Epic Systems Corporation, Allscripts Healthcare Solutions Inc., McKesson Corporation, athenahealth Inc., International Business Machines Corporation, Medecision Inc., Orion Health Ltd., GetWellNetwork Inc., Oneview Healthcare PLC, Medical Information Technology Inc., IQVIA Holdings Inc., Computer Programs and Systems Inc., Cognizant Technology Solutions Corporation, Symphony Care LLC, Harris Computer Corporation, Kareo Inc., CureMD Healthcare Inc., eClinicalWorks LLC, Well-Beat Interactive Limited, AdvancedMD Inc., WellSky Inc., CipherHealth Inc., drchrono Inc., Luma Health Inc., PatientPoint LLC, Experian Health PLC, Agilon Health Inc., Medtronic plc, Physitrack Health Pty. Ltd.

The patient engagement solutions market report table of contents includes:

1. Executive Summary

2. Patient Engagement Solutions Market Characteristics

3. Patient Engagement Solutions Market Trends And Strategies

4. Patient Engagement Solutions Market – Macro Economic Scenario

5. Global Patient Engagement Solutions Market Size and Growth

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32. Global Patient Engagement Solutions Market Competitive Benchmarking

33. Global Patient Engagement Solutions Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Patient Engagement Solutions Market

35. Patient Engagement Solutions Market Future Outlook and Potential Analysis

36. Appendix