Patient Engagement Solutions Market by Delivery Mode(On-Premise, Cloud), by Application (Health Management, Social and Behavioral Management, and Other Applications ),and by Region and Companies Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032.

Patient Engagement Solutions Market Overview:

Тhе Patient Engagement Solutions Market ассоuntеd fоr UЅD 93.50 bіllіоn іn 2021 and estimated САGR оf 10% оvеr thе fоrесаѕt реrіоd.

The healthcare system is complex, owing to the diversity of tasks involved in the delivery of patient care, the diversity of patients, clinicians, and other respective staff, tedious documentation, variations in the physical layout of clinical environments, a lack of regulations, as well as the implementation of latest technologies.

Patients have to schedule appointments, followed by filling up registration forms and thereafter going for doctor visits. All these aforementioned processes are handled manually. This may cause delays/discrepancies in operational processes related to patient data. Patient engagement software solutions facilitate patient data and hospital management.

This software automates appointment management, which in turn eliminates waiting hours for patients. Patient engagement solutions improve patient data management, and can easily handle large volumes of data in an effective way through secure & automated data management systems.

Connectivity and emerging technologies are rapidly transforming the relationship between patients and healthcare companies. With the help of these technologies, doctors can easily reach their patients and provide helpful information at the right time. Benefits of patient engagement systems are – enhancing communication between patients as well as their respective healthcare providers, automatic appointment reminders via text/voice messages, etc. These aforementioned factors are anticipated to bolster revenue growth prospects for the global patient engagement solutions market.

Detailed Segmentation:

The global patient engagement solutions market is segmented on the basis of – delivery mode, application, and region. A detailed segmental description is listed below:

Based on Delivery Mode

• On-Premise
• Cloud

By Application

• Health Management
• Home Health Management
• Social and Behavioral Management
• Financial Health Management

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• The Middle East and Africa

Market Dynamics

Increase in the demand for patient engagement solutions, owing to its several applications such as health management, home health management, social & behavioral management, and financial health management. This is a crucial factor that is anticipated to bolster the revenue growth of the global patient engagement solutions market over the forecast period.

In addition, the increasing prevalence of chronic diseases, paired with a steady surge in geriatric populations has led to the adoption of patient engagement solutions across the globe. For instance, as per the American Diabetes Association 2020, annually there were 1.5 million new cases of diabetes in the United States. Owing to this spike in the number of diabetic patients, companies are constantly focusing on the development of patient-centric engagement solutions for end-users. These in turn are anticipated to augment projected revenues for the global patient engagement solutions market.

Concerns related to patient health data security are likely to create barriers pertaining to the transfer of respective data among various stakeholders in the healthcare industry. This in turn is anticipated to affect patient engagement initiatives in various healthcare organizations. This is expected to restrain potential opportunities for this industry to a certain extent.

However, the increasing adoption of healthcare IT solutions, surging government healthcare expenditures, and the presence of skilled IT experts in Asian countries such as China and India, are expected to propel the financial development of the global patient engagement solutions market in the foreseeable future.

Moreover, consistent growth in the GDP of both developed and developing nations have also aided in the evolution of the healthcare sector. Owing to this aforementioned spike in GDP, particularly in that emerging countries, prominent market players have exhibited a keen sense of interest in these regions, thereby further complementing revenue expansion prospects for the global patient engagement solutions market in the process.

Competitive Landscape:

Certain key players operating in this global market are :

• McKesson Corporation
• Allscripts
• IBM
• AdvancedMD
• Cerner Corporation
• Epic Systems Corporation
• Cisco Systems Inc.
• and Welvu Inc.
• among others

These aforementioned companies develop new products/services, adopt expansion strategies, and undertake partnerships, collaborations, and mergers & acquisitions to gain traction in the global patient engagement solutions market.

Key Developments:

• In 2020, Get Real Health launched Talk With Your Doc, a telehealth solution that enables providers to manage their revenue-generating healthcare services
• In 2020, Orion Health has developed the first comprehensive pandemic outbreak monitoring platform in order to curb the spread of the coronavirus. This platform engages patients in their homes and facilitates communication between quarantined patients and healthcare service providers.
• In 2019, Harris Healthcare acquired Uniphy Health Systems to extend its clinical software solution.

For the XXXXX Market research study, the following years have been considered to estimate the market size: