Patient Engagement Solutions Market by Component (Services, Hardware, and Software), Therapeutic Area (Fitness, Chronic Diseases, Women\'s Health, and Others), Delivery Mode (Cloud-Based Solutions and On-Premises Solutions), Application (Health Management, Financial Health Management, Home Healthcare Management, and Others), and End User (Patients, Payers, Providers, and Others): Global Market Size Estimates and Forecast (2022-2030)

The market crossed US$ 17.24 billion mark in 2022 and is expected to hit US$ 44.21 billion by 2030, recording a CAGR of 12.4% during the forecast period.

Healthcare initiatives are Expected to promote patient-centric care and increase the demand for solutions.

Favorable government initiatives and growing demand for patient engagement solutions in the post pandemic period are major factors that are driving the market’s growth. In March 2019, Columbia Asia Hospitals, which includes locations in Malaysia, India, Indonesia, and Vietnam, collaborated with MphRx and introduced a patient engagement application suite. The program aimed to improve patient engagement, digitally transform healthcare services, and lead to clinical excellence. With the increasing adoption of patient engagement technology systems in the healthcare sector, more organizations are entering into the market such as, Estimtrack (Spanish start-up), Tracworx (Irish start-up), and it is projected to witness considerable growth during the forecast period. The software segment is expected to pace up with the increasing adoption of advanced patient engagement software to improve real-time patient monitoring, appointment scheduling, and data sharing. Increase in usage of smart devices and surge in digital services in healthcare and other sectors are further expected to rise the demand for software thus promoting the growth of software segment.

Within the report, the market is segmented into component, therapeutic area, delivery mode, application, end user, and geography. Based on component, the market is categorized into services, hardware, and software. Based on therapeutic area, the market is segmented into fitness, chronic diseases, women’s health, and others. Based on the delivery mode, the market is sub segmented into cloud-based solutions and on-premises solutions. By application, the market is divided into health management, financial health management, home healthcare management, and others. Based on end user, the market is segmented into patients, payers, providers, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Advancements in technology provides growth opportunities for futuristic innovations.

Patient engagement solutions allows management of the healthcare information and provides access to the healthcare professionals to interact with the patients. For effective patient care, the patient engagement solutions offer the medical team enhanced access to the patient information. The smartphone is the fastest-growing segments in the technology sector. According to a survey, hospitals are investinfg in smartphone and secure mobile platforms to permit communications between clinicians and patients. For example, purpose-built devices can be united with in-hospital patient call systems, so nurses are contacted when a patient presses the call button, further increasing approachability. The rising usage of smartphones is expected to trigger the usage of mobile-based applications by healthcare providers and patients to simplify workflow and avoid inconveniences.

Rising adoption of cloud-based technology by th providers of patient engagement solution

Over the past few years, the deployment of the could-based solution has increased in every industry such as healthcare, entertainment, transportation, telecommunications, and others due to various advantages such as easy access, simple setup, and others. Small and medium enterprises are also opting for cloud-based delivery model due to which the segment is expected to contribute the market growth in near future.  In addition, advanced features of cloud-based patient engagement solutions, includes highly intuitive, automated facilitating quick, real-time notification, healthcare solutions enhancement, and others. Adoption of the technology can help healthcare industries store all that data while avoiding extra costs for maintaining physical servers.

Recent strategic developments in patient engagement solutions market

The patient engagement solutions market has undergone several significant developments, and a few of these have been mentioned below:

• In October 2020, Cerner and Zesty, Induction Healthcare’s patient portal for hospitals, developed a joint patient engagement solution to help NHS trusts deliver more efficient service for patients to manage their outpatient appointments and correspondence online. The collaboration aligns existing patient-facing technology in the UK and Ireland, building on patient portal solution Healthelife and Zesty's integration capability with Cerner's electronic health record (EHR), Cerner Millennium.
• In December 2021, athenahealth’s medical billing and patient engagement services were selected by Allied Digestive Health to drive patient relations and revenue cycle excellence and support the organization’s growth.
• In April 2022, Medecision and Clearstep, Inc., entered a strategic partnership. The partnership will bring Clearstep’s Smart Care Routing to Medecision’s current and future health system and health plan customers, enabling an enhanced patient engagement experience. Clearstep Smart Care Routing provides patient-consumers with self-service access to the right care and services within a healthcare system or payer network.

Several players drive the patient engagement solutions market by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Allscripts Healthcare, LLC; GetWellNetwork, Inc.; Cerner Corporation; McKesson Corporation; Lincor, Inc.; and Epic Systems Corporation are among the prominent players operating in the market.

Target audience for the report:

• Raw material providers
• Patient engagement solutions companies
• Patient engagement solutions vendors
• Hospitals
• Drug manufacturing companies
• Research institutes and organizations.

Scope of the report:

In this report, the market has been segmented on the basis of:

• Component:
  • Services
  • Hardware
  • Software
• Therapeutic Area:
  • Fitness
  • Chronic Diseases
  • Women's Health
  • Others
• Delivery Mode:
  • Cloud-Based Solutions
  • On-Premises Solutions
• Application:
  • Health Management
  • Financial Health Management
  • Home Healthcare Management
  • Others
• End User:
  • Patients
  • Payers
  • Providers
  • Others
• Region
  • North America
  • Europe
  • Asia Pacific (APAC)
  • South & Central America
  • Middle East & Africa
• Companies profiled
  • Allscripts Healthcare, LLC                
  • athenahealth, Inc.
  • GetWellNetwork, Inc.      
  • Cerner Corporation                           
  • Orion Health group of companies            
  • McKesson Corporation    
  • Lincor, Inc.            
  • Medecision
  • AdvancedMD, Inc.      
  • Epic Systems Corporation

Companies profiled
- Allscripts Healthcare, LLC
- athenahealth, Inc.
- GetWellNetwork, Inc.
- Cerner Corporation
- Orion Health group of companies
- McKesson Corporation
- Lincor, Inc.
- Medecision
- AdvancedMD, Inc.
- Epic Systems Corporation