Newark, Nov. 07, 2022 (GLOBE NEWSWIRE) -- Upcoming Opportunities
The brainy Insights estimates that the USD 20.1 billion in 2022 patient engagement solution market will reach USD 75.04 billion by 2030. In just eight years, patient engagement solution has moved from an uncertain, standalone niche use case to a fast-growing, high return on investment (ROI) application that delivers user value. These developments indicate the power of the Internet of Things (IoT) and artificial intelligence (A.I.), and the market is still in its infancy.
Request market scope and parent market analysis sample PDF: https://www.thebrainyinsights.com/enquiry/sample-request/13001
Key Insight of Patient Engagement Solution Market
North America to account for the largest market size during the forecast period.
North America is expected to have the largest patient engagement solution market share. Key factors favoring the growth of the patient engagement solution market in North America include the increasing technological advancements in the region. The growing internet penetration and high investment by prominent market players across the North American region are expected to drive market growth further.
The software segment is expected to augment the patient engagement solution market during the forecast period.
The software segment held the largest market share in 2022 and is expected to continue during the forecast period, as software is easy to install and simple to use. Furthermore, intuitive user interfaces and continuous product upgrades in the patient engagement software are expected to drive the segment's growth.
The provider segment market size is 9.1 billion in 2022
The provider segment is anticipated to dominate the market over the forecast period. Due to the increased use of routine care procedures, sophisticated healthcare decision-making, and patient portals for information access, providers encourage improved patient engagement solutions.
The web-based & cloud-based segment dominated the market, with a market share of around 58% in 2030.
The web-based & cloud-based segment is anticipated to dominate the market in the forthcoming years, owing to the features such as quick accessibility, low handling costs, access to real-time data tracking, integrated features, and simple data backup.
Get a comprehensive report summary describing the market size and forecast: https://www.thebrainyinsights.com/report/patient-engagement-solution-market-13001
Patient Engagement Solution Market Scope:
| Report Coverage | Details |
| Page number | 235 |
| Base year | 2021 |
| Forecast period | 2022-2030 |
| Growth momentum & CAGR | Accelerate at a CAGR of 17.9% |
| Market growth 2022-2030 | USD 75.04 billion |
| Market structure | Fragmented |
| Regional analysis | APAC, Europe, North America, South America, and MEA |
| Performing market contribution | North America emerged as the largest market for patient engagement solutions. |
| Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
| Companies profiled | Allscripts Healthcare,LLC,Orion Health,Cerner Corporation,McKesson Corporation,AthenahealthInc.,ForceTherapeutics LLC,Medecision,GetWellNetwork, Inc.,MEDHOST,Greenway Health, LLC,Wolters Kluwer N.V.,Greenway Health, LLC |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period. |
| Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Advancement in market
In April 2020, A cutting-edge cloud-based remote monitoring solution was unveiled by G.E. Healthcare to help doctors care for ventilated COVID-19 patients. Globally increasing smartphone usage has sped up the adoption of mHealth by both consumers and providers in the industry. Smartphone users may easily download healthcare apps, which are on the rise. These apps can be connected to wearable technology and assist users in managing their overall health, which has increased patients' reliance on mHealth apps.
In March 2019, In partnership with MphRx, Columbia Asia Hospitals, with locations in Malaysia, India, Indonesia, and Vietnam, unveiled a range of patient engagement applications. This program aims to improve patient involvement, digitally modernize healthcare services, and foster clinical excellence.
Market Dynamics
Driver: Ageing population
Rapid growth in the geriatric population increases the demand for patient engagement solutions to reduce the time to book healthcare services for older people and reduce the need to stand in long queues to consult doctors. Patient engagement solutions also help provide all health-related aids to the elderly, increasing the market demand.
Restraint: Huge investment
The development of patient engagement solutions requires huge investment, which restraints the market's growth. Integrating the patient engagement solutions with the latest ones will require changes to the current ones, increasing the overall cost of integrating patient engagement solutions based on the latest technologies. This hampers the market's growth over the forecast period.
Opportunity: Increasing government initiatives
Governments of all the major and developing economies are investing in the healthcare sector to improve patient care. There are also improvements in the healthcare infrastructure, and research and development activities are widely initiated to help grow healthcare services. This is expected to provide growth opportunities for the market over the forecast period.
Challenge: Stringent government regulations
There are several stringent government regulations related to patient engagement solutions because there is a high risk of data and identity theft. This challenges the market's growth. However, because this is a different healthcare concept, there aren't many people working in information technology. Online patient data is also handled like a public treasure, which creates security issues. These restrictions consequently prevent the market for patient engagement products from growing.
Get additional highlights on the growth strategies adopted by vendors and their product offerings: https://www.thebrainyinsights.com/enquiry/request-customization/13001
Some of the major players operating in the patient engagement solution market are:
● Allscripts Healthcare, LLC
● Orion Health
● Cerner Corporation
● McKesson Corporation
● Athenahealth, Inc.
● Force Therapeutics LLC
● Medecision
● GetWellNetwork, Inc.
● MEDHOST
● Greenway Health, LLC
● Wolters Kluwer N.V.
● Greenway Health, LLC
Key Segments cover in the market:
By Component:
● Software
● Service
By End User:
● Provider
● Patient
● Others
By Delivery Mode:
● Web-based & Cloud-based
● On-Premis
By Region
● North America (U.S., Canada, Mexico)
● Europe (Germany, France, the U.K., Italy, Spain, Rest of Europe)
● Asia-Pacific (China, Japan, India, Rest of APAC)
● South America (Brazil and the Rest of South America)
● The Middle East and Africa (UAE, South Africa, Rest of MEA)
Interested in Procure Data? Visit: https://www.thebrainyinsights.com/buy-now/13001/single
About the report:
The market is analyzed based on value (USD Billion). All the segments have been analyzed worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyzes driving factors, opportunities, restraints, and challenges for gaining critical insight into the market. The study includes porter's five forces model, attractiveness analysis, Product analysis, supply, and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
About The Brainy Insights:
The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirement whether they are looking to expand or planning to launch a new product in the global market.
Contact Us
Avinash D
Head of Business Development
Phone: +1-315-215-1633
Email: sales@thebrainyinsights.com
Web: http://www.thebrainyinsights.com
