Report : Asia Pacific Patient Engagement Technology Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Services, Hardware, and Software), Therapeutic Area (Fitness, Chronic Diseases, Women’s Health, and Others), Delivery Mode (Cloud-Based and On-Premises), Application (Health Management, Financial Health Management, Home Healthcare Management, and Others), and End User (Patients, Payers, Providers, and Others)
At 19.3% CAGR, the APAC Patient Engagement Technology Market is speculated to be worth US$ 11,446.62 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the APAC patient engagement technology market was valued at US$ 3,969.78 million in 2022 and is expected to reach US$ 11,446.62 million by 2028, registering an annual growth rate of 19.3% from 2022 to 2028. Increasing use of smartphones, tablets, and pads in healthcare and strategic developments by market players are the critical factors attributed to the market expansion.
Advancements in technology will have a significant impact on the healthcare industry. The smartphone is one of the fastest-growing segments in the technology sector, and it has a proven significant impact on the healthcare sector. Smartphones are making day-to-day chores easier, and the technology is also streamlining care for both physicians and patients. According to a new survey, hospitals are making significant investments in smartphone and secure mobile platforms to enable communications between clinicians and patients. For example, purpose-built devices can be integrated with in-hospital patient call systems, so nurses are paged when a patient hits the call button, further increasing responsiveness. The increasing penetration of smartphones and growing wireless network technology supports improvements in digital healthcare systems with novel opportunities to address more challenges associated with accessibility, quality, effectiveness, efficiency, and healthcare costs. Smartphones are increasingly being used by the common populace for accessing healthcare applications. The increasing use of smartphones is expected to trigger the use of mobile-based applications by healthcare providers and patients to streamline workflow and avoid inconveniences, such as hospital waiting time, availability of admission beds, and others, which will provide significant opportunities for patient engagement technology market players across the region.
On the contrary, shortage of skilled IT technicians hurdles the growth of APAC patient engagement technology market.
Based on component, the APAC patient engagement technology market is segmented into services, hardware, and software. The software segment held 42.1% market share in 2022, amassing US$ 1,672.44 million. It is projected to garner US$ 4,975.11 million by 2028 to expand at 16.9% CAGR during 2022–2028.
Based on therapeutic area, the APAC patient engagement technology market is segmented into fitness, chronic diseases, women’s health, and others. The chronic diseases segment held 43.1% market share in 2022, amassing US$ 1,709.04 million. It is projected to garner US$ 4,807.89 million by 2028 to expand at 15.9% CAGR during 2022–2028.
Based on delivery mode, the APAC patient engagement technology market is bifurcated into cloud-based and on-premises. The cloud-based segment held 64.1% market share in 2022, amassing US$ 2,543.76 million. It is projected to garner US$ 7,472.24 million by 2028 to expand at 16.6% CAGR during 2022–2028.
Based on application, the APAC patient engagement technology market is segmented into health management, financial health management, home healthcare management, and others. The health management segment held 44.6% market share in 2022, amassing US$ 1,771.08 million. It is projected to garner US$ 5,272.25 million by 2028 to expand at 16.9% CAGR during 2022–2028.
Based on end user, the APAC patient engagement technology market is segmented into patients, payers, providers, and others. The providers segment held 38.0% market share in 2022, amassing US$ 1,507.57 million. It is projected to garner US$ 4,425.28 million by 2028 to expand at 16.6% CAGR during 2022–2028.
Based on country, the APAC patient engagement technology market has been categorized into China, India, Japan, South Korea, Australia, and rest of APAC. Our regional analysis states that China captured 24.0% market share in 2022. It was assessed at US$ 951.50 million in 2022 and is likely to hit US$ 2,787.74 million by 2028, exhibiting a CAGR of 19.6% during the forecast period.
Key players dominating the APAC patient engagement technology market are AdvancedMD, Inc.; Allscripts Healthcare, LLC; athenahealth, Inc. (Veritas Capital); Cerner Corporation; Epic Systems Corporation; McKesson Corporation; and Orion Health Group of Companies among others.
In March 2019, Allscripts partnered with Ephraim McDowell Health on its enterprise and mobile patient engagement platform to enhance its patient portal tool, FollowMyHealth. The enhancement efforts focus on creating a more holistic patient engagement technology experience. In addition, Ephraim McDowell Health integrate all of its patient engagement platforms into one interface on the FollowMyHealth platform, including the patient portal, as well as other patient engagement applications.
In Sep 2019, Cerner Corporation and GetWellNetwork, collaborated to bridge gaps between providers and patients from inpatient to outpatient settings and the home. Care teams can engage patients before and after admission. Cerner and GetWellNetwork helps patients become more aware of the details of their treatment and active in the decision-making process, while also supporting lower costs for providers.
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