Overview and Scope
Patient engagement technology refers to digital tools and platforms that enable and encourage patients to manage their health actively. This technology encompasses multiple solutions, including virtual care, wearable monitoring devices, mobile wellness apps, and telehealth.
Sizing and Forecast
The patient engagement technology market size has grown strongly in recent years. It will grow from $6.63 billion in 2023 to $7.06 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to implementation of government regulations and initiatives to promote patient-centric care, high demand for patient engagement solutions post-pandemic, increasing use of mobile health apps, rising number of collaborations and partnerships among healthcare stakeholders, and growing utilization of telehealth services.
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Segmentation & Regional Insights
The patient engagement technology market covered in this report is segmented –
1) By Type: Hardware, Software, Services
2) By Delivery Mode: Web-Based And Cloud-Based , On-Premise
3) By Application: Health Management, Social Management, Home Healthcare Management, Financial Health Management
4) By End User: Providers, Payers, Patients
North America was the largest region in the patent engagement technology market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the patient engagement technology 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
Growing remote care demands are expected to propel the growth of the patient engagement technology market going forward. The demand for remote care refers to the growing need and expectations for healthcare services that can be delivered remotely without needing in-person visits to healthcare facilities. Remote care enables patients to access healthcare services from their homes. This increased accessibility and convenience lead to higher patient engagement, as individuals are more likely to participate actively in their healthcare when it is actively and energetically accessible. For instance, in February 2023, according to a report by Rock Health, a US-based healthcare organization, 80% of all respondents accessed care via telemedicine at some point, up eight people from 72% in 2021. Further, 82% of reported telemedicine use reflects a 9-person increase in 2021. Therefore, growing remote care demands are driving the growth of the patient engagement technology market.
Key Industry Players
Major companies operating in the patient engagement technology market are Mckesson Corporation, Johnson and Johnson, The International Business Machines Corporation, Oracle Corporation, Medtronic Plc, Northwell Health, IQVIA, Cerner Corporation, Epic Systems Corporation, Palantir Technologies, Athenahealth Inc, eClinical Works LLC, Allscripts Healthcare Solutions Inc. , Computer Programs and Systems Inc., Medical Information Technology Inc., Medecision Inc., PATIENTPOINT LLC , MEDHOST, Orion Health Limited, GetWellNetwork Inc., HealthHub Patient Engagement Solutions , DrChrono Inc., Luma Health Inc., Lincor Solutions Ltd., CipherHealth Inc., Phytel Inc., Oneview Healthcare Plc, SONIFI Health Incorporated. , Get Real Health , WelVU Inc., Yourcareuniverse Inc.
The patient engagement technology market report table of contents includes:
1. Executive Summary
2. Patient Engagement Technology Market Characteristics
3. Patient Engagement Technology Market Trends And Strategies
4. Patient Engagement Technology Market – Macro Economic Scenario
5. Global Patient Engagement Technology Market Size and Growth
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32. Global Patient Engagement Technology Market Competitive Benchmarking
33. Global Patient Engagement Technology Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Patient Engagement Technology Market
35. Patient Engagement Technology Market Future Outlook and Potential Analysis
36. Appendix
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