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    Patient Engagement Solutions Market Report

    Patient Engagement Solutions Market Report
    Report code - SR1016 Delivery - 2 Weeks
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    Global Patient Engagement Solutions Market, Trends, Dynamics, and Market Analysis
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    Market Insights

    The Global Patient Engagement Solutions Market is projected to grow from USD 15.6 billion in 2020 to USD 48.4 billion by 2026 at a CAGR of over 20.8% during the forecast period.

    Figure: Global Patient Engagement Solutions Market Size, 2020-2026 (USD Billion)

    Patient-Engagement-Solutions-Market-Forecast

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    What are Patient engagement solutions?

    Patient engagement solutions help patients to manage their healthcare information and allows for better interaction of the patients with the medical team. It is important to offer the necessary tools to actively improve the management of the patient’s health. Quick and better access to healthcare providers and personal healthcare information enables to help patients to assist effective self-care.

    Key Players

    Key players operating in the global patient engagement solutions market are-

    • Allscripts Healthcare Solutions (The U.S),
    • McKesson Corporation (The U.S),
    • Orion Health Ltd. (New Zealand),
    • Cerner Corporation (The U.S),
    • Phytel Inc. (The U.S),
    • Medecision Inc. (The U.S),
    • GetWellNetwork Inc. (The U.S),
    • YourCareUniverse Inc. (The U.S),
    • Lincor Solutions Ltd. (The U.S), and
    • Athenahealth, Inc. (The U.S).

    Market Dynamics

    Growing utilization of electronic health records for patient-centric care and the rising adoption of mobile health devices are some of the key factors boosting the demand for patient engagement solutions. According to a survey by the NHS in 2019, around 92% of the patients felt secure and assured in self-managing treatment. The staggering number of smartphone users across the globe expedited the implementation of mHealth across the industry both from consumers and providers, thus bolstering the industry's growth.

    Segments' Analysis

    Delivery Type Trends

    By delivery type, the patient engagement solutions market has been segmented into web-based/cloud-based and on-premises.

    • Under these, the web-based/cloud-based segment held the largest market share of almost 80% in 2020 and is projected to register a healthy CAGR during the review period.
    • The implementation of these portals is growing at an alarming rate due to remote access to real-time data tracking, easy accessibility, integrated features, insignificant handling costs, and easy data backup.

    Regional Trends

    By region, the market in the North America garnered the largest market share of around 39% in 2020 and is estimated to grow at a substantial CAGR during the assessment period.

    • This is mainly ascribed to the rising adoption of health and HER and increasing investment in patient engagement software by the major companies.
    • Furthermore, rising awareness level along with increasing government spending on the healthcare sector is further expected to proliferate the growth.

    COVID-19 Impact on Global Patient Engagement Solutions Market

    The ongoing COVID-19 pandemic has positively influenced the patient engagement solutions industry. There is a substantial burden on healthcare systems across the world. As healthcare providers were struggling with the continuous surge in several cases, patients were switching to digital technologies for assistance during the COVID-19 pandemic. The COVID-19 outbreak has encouraged strong innovation in cloud computing and patient monitoring.

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    Critical Questions Answered in the Report

    • What are the key trends in the global patient engagement solutions market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global patient engagement solutions market?
    • What are the key strategies adopted by the major vendors to lead in the global patient engagement solutions market?
    • What is the market share of the top vendors?

    Target Audience

    Here is the list of the group of customers that the Patient Engagement Solutions market hopes to have the greatest opportunity to convert-

    • Patient engagement solutions companies
    • Patient engagement solutions vendors
    • R&D companies
    • Hospitals
    • Drug manufacturing companies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The patient engagement solutions market size is expected to reach USD 48.4 billion in the foreseeable future.

    Allscripts Healthcare Solutions (The U.S), McKesson Corporation (The U.S), Orion Health Ltd. (New Zealand), Cerner Corporation (The U.S), Phytel Inc. (The U.S), Medecision Inc. (The U.S), GetWellNetwork Inc. (The U.S), YourCareUniverse Inc. (The U.S), Lincor Solutions Ltd. (The U.S) and Athenahealth, Inc. (The U.S) are among the key players in the patient engagement solution market.

    Patient engagement solutions market is expected to witness an impressive growth of 20.8% CAGR in the coming years.

    North America garnered the largest market share of around 39% in 2020 and is estimated to grow at a substantial CAGR.

    The web-based/cloud-based segment held the largest market share of almost 80% in 2020 and is projected to register a healthy CAGR.

    Patient engagement solutions companies, Patient engagement solutions vendors, R&D companies, Hospitals, Drug manufacturing companies are the target audience in the patient engagement solutions market.