Market Size – USD 13.49 Billion in 2021, Market Growth – at a CAGR of 10.2%, Market Trend – Rising prevalence of chronic diseases

VANCOUVER, BC, CANADA, July 20, 2022 /EINPresswire.com/ -- The global patient engagement solutions market size reached USD 13.49 Billion in 2021 and is expected to register a revenue CAGR of 10.2% during the forecast period, according to latest analysis by Emergen Research. Market revenue growth of patient engagement solutions can be attributed to increasing investments in healthcare Information Technology (IT) sector, rising incidence of chronic diseases, and increasing acceptance of patient engagement solutions in the healthcare industry.

Patient engagement solutions are used to manage healthcare data and give access to the database of patient contact details to medical teams. Patient engagement relies on technology, such as a portal or automated message, and the procedure is essential for ensuring patient satisfaction. To get patient health information, a variety of hardware, software, and services are employed. Demand for patient engagement solutions is expected to increase due to technological advancements, increase in the number of ambulatory services, and favorable government initiatives.

The latest report titled ‘Global Patient Engagement Solutions Market,’ published by Emergen research, provides the reader with a comprehensive view of the global Patient Engagement Solutions industry, acquainting them with the latest market trends, industry insights, and market share. The report provides an in-depth investigation of the global market, largely focusing on each segment and sub-segment of the Patient Engagement Solutions market. The market forecasts included in the report are performed by our team of experts and are of great significance as they provide deep insights into various crucial industry parameters. These facts and figures help readers evaluate the global market growth, production, and consumption rates, volatility in demand and product prices, and upcoming market trends over the projected period. The market research report contains significant details on the global Patient Engagement Solutions market value based on market dynamics and various growth factors.

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Some Key Highlights from the Report

Cloud-based distribution helps to promote a hassle-free exchange of knowledge between patients and healthcare professionals, as bulk data can be kept on these systems and remote access is also possible.

Software & hardware segment accounted for largest revenue share in 2021, due to continuous development of patient engagement solutions and their expanding applications in consulting, education, and implementation. Electronic solutions are simple to set up and use, and they enable easy access to vital pharmaceutical information, along with allowing healthcare practitioners to share drugs remotely.

Patient engagement solutions market in North America accounted for largest revenue share in 2021. Increasing geriatric population, high incidence/prevalence of chronic diseases, rising adoption of the Internet of Things (IoT), rapid adoption of technology, and increasing awareness about the benefits of early disease diagnosis are some key factors driving revenue growth of the North America market.

However, the report takes into account the current COVID-19 impact on the global economy and this particular business sector. The global Patient Engagement Solutions market growth has been extensively hampered by the current economic situation triggered by the COVID-19 pandemic. The pandemic has led to some devastating effects on the global economy, besides disrupting the functioning of the Patient Engagement Solutions industry. It offers an exhaustive analysis of the present and future effects of the pandemic on this business sphere. Moreover, the adverse effects of the coronavirus pandemic on the global Patient Engagement Solutions market, as well as its fundamental segments, have also been elucidated in this report.

Major Players/Manufacturers profiled in the report are:

Cerner Corporation (Oracle), NXGN Management, LLC, Epic Systems Corporation, Allscripts Healthcare, LLC, McKesson Corporation, ResMed, Klara Technologies, Inc., Koninklijke Philips N.V., Athenahealth Inc., and CPSI.

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For better understanding, the report further divides the market into key segments such as product types and application spectrum. The report also offers estimates about the segment and sub-segment expected to grow at a rapid pace and the key factors expected to drive revenue growth of the segments during the forecast timeline of 2022-2030.

Emergen Research has segmented the global patient engagement solutions market on the basis of component, functionality, delivery mode, application, end-use, therapeutic area, and region:

Component Outlook (Revenue, USD Billion; 2019–2030)

Software & Hardware

Standalone

Integrated

Service

Consulting

Training & Implementation

Support & Maintenance

Others

Functionality Outlook (Revenue, USD Billion; 2019–2030)

Communication

Health Tracking & Insights

Billing & Payments

Administration

Patient Education

Others

Delivery Mode Outlook (Revenue, USD Billion; 2019–2030)

On-premise Solution

Cloud-based Solution

Application Outlook (Revenue, USD Billion; 2019–2030)

Home Health Management

Population Health Management

Outpatient Health Management

In-Patient Health Management

Financial Health Management

End-use Outlook (Revenue, USD Billion; 2019–2030)

Providers

Payers

Patients

Others

Therapeutic Area Outlook (Revenue, USD Billion; 2019–2030)

Health & Wellness

Chronic Disease Management

Others

The regional analysis states the global market is bifurcated into North America, Europe, Latin America, Asia-Pacific, and Middle East & Africa. The report also covers import export consumption, supply and demand ratio, cost, pricing analysis, gross margin, and revenue estimation of each player in each region. The report also offers a country-wise analysis of the key regions to offer a better understanding of the global market.

Regional Segmentation Covers:

North America (U.S., Canada, Mexico)

Europe (U.K., Italy, Germany, France, Rest of Europe)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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The report further sheds light on the strength, weaknesses, opportunities, and threats faced by the companies in the global Patient Engagement Solutions market and additionally measures the feasibility and investment return analysis in the report. Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market and covers the initial and future assessment of the COVID-19 impact on the market. The report is a qualitative and quantitative assessment of the global Patient Engagement Solutions market that has been formulated by extensive primary and secondary research with the data further validated from industry experts and professionals.

Key Reasons to Buy This Report:

The report presents a thorough examination of the Patient Engagement Solutions market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.

The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.

The report is inclusive of an in-depth study of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and effective business tactics.

The report further identifies the key regions and segments dominating the market. These regions are foreseen to register fast-paced growth over the forecast duration.

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Thank you for reading our report. To inquire about customization or any query about the report, please get in touch with us. Our team will make sure the report is best suited to your needs. Emergen Research also offers a country-wise customized report as per clients’ needs. 

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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Emergen Research
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Patient Engagement Solutions Market Size Worth USD 32.41 Billion in 2030

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