Meticulous Research®, a leading global market research company, has released a new report titled, “Patient Engagement Solutions Market by Offering (Software, Service), Delivery Mode (On-premise, Cloud), Application (Home Healthcare, Population Health, Patient Journey, Outpatient, Financial, Wellness, Disease Management), End User - Global Forecast to 2030.”
According to the latest findings from Meticulous Research®, the patient engagement solutions market is projected to reach $99.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 19.2% during the forecast period. This significant growth is driven by the increasing demand and adoption of patient engagement solutions, initiatives to enhance patient-centric care, industry consolidation through partnerships and collaborations, government initiatives and regulatory updates, rising healthcare expenditure, and the growing prevalence of chronic diseases alongside an aging population. However, concerns about patient data privacy and safety are hindering market growth.
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The report identifies substantial opportunities in the growing adoption of wearable and mobile-based digital healthcare solutions and emerging economies. Conversely, challenges such as digital literacy gaps, high costs associated with healthcare IT deployment, and a shortage of skilled IT personnel in the healthcare sector persist.
Key Market Players
Prominent companies operating in the patient engagement solutions market include:
Allscripts Healthcare Solutions, Inc. (U.S.), athenahealth, Inc. (U.S.) , Oracle Corporation (U.S.)
IBM Corporation (U.S.), McKesson Corporation (U.S.), Oneview Healthcare (Ireland), IQVIA (U.S.)
Epic Systems Corporation (U.S.), AdvancedMD, Inc. (U.S.) , Cognizant Technology Solutions Corporation (U.S.), Siemens Healthineers AG (Germany) ,Harris Healthcare (U.S.), Medical Information Technology, Inc. (U.S.)
Market Segmentation and Future Outlook
The patient engagement solutions market is segmented by:
Offering: Hardware, Software, Services
Mode of Delivery: Web and Cloud-based Solutions, On-premise Solutions
Application: Care Management Applications (including Health Management, Home Healthcare Management, Patient Journey Mapping and Analysis, Population Health Management, Outpatient Health Management, Financial Health Management), Therapeutic Applications (Disease Management, Health & Wellness)
End User: Healthcare Payers, Healthcare Providers, Patients
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The report also provides an in-depth analysis of market competitors and evaluates the market at regional and country levels.
Key Insights by Segment
Offering: In 2023, the software segment is expected to dominate the patient engagement solutions market, driven by the software's ability to enable personalized care plans, integrate workflow, collect data, and facilitate communication between patients and caregivers.
Delivery Mode: The web and cloud-based solutions segment is projected to lead in 2023, owing to benefits such as remote data accessibility, high storage capacity, reduced operational costs, and lower data misuse risks.
Application: The therapeutic applications segment is anticipated to hold the largest market share in 2023, due to the critical role health management solutions play in disease management and health & wellness tracking.
End User: Healthcare providers are expected to account for the largest market share in 2023, attributed to their large patient volumes and the increasing patient pool.
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Geographic Analysis
The report offers a comprehensive geographic analysis, covering major regions:
North America: U.S. and Canada
Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe
Asia-Pacific: China, Japan, India, and Rest of Asia-Pacific
Latin America
Middle East & Africa
In 2023, North America is projected to dominate the patient engagement solutions market, followed by Europe and Asia-Pacific. The U.S. is expected to lead the North American market due to high adoption of advanced technologies, a literate population favorable to adopting advanced solutions, and significant government healthcare spending.
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