The global patient engagement solutions market size is expected to reach USD 31.78 billion by 2028, growing at a CAGR of 10.17% from 2023 to 2028. The increasing prevalence of chronic diseases, rising adoption of digital health technologies, and growing consumerism in healthcare are some of the key factors driving the growth of the market.
According to Stratview Research, the patient engagement solution market size was valued at USD 17.64 billion in 2022 and it is projected to reach USD 31.78 billion by 2028, growing at a CAGR of 10.17% during the forecast period.
Patient engagement solutions are a set of tools and technologies that help patients to manage their health. These solutions can be used to provide patients with access to their medical records, track their health data, and communicate with their healthcare providers. Patient engagement solutions can also be used to educate patients about their health conditions and provide them with support and resources.
The increasing prevalence of chronic diseases is one of the key drivers of the patient engagement solutions market. Chronic diseases, such as diabetes, heart disease, and cancer, are a major cause of morbidity and mortality worldwide. These diseases require patients to take medication and make lifestyle changes on a regular basis. Patient engagement solutions can help patients to manage their chronic diseases by providing them with the tools and resources they need to stay on track.
The rising adoption of digital health technologies is another key driver of the patient engagement solutions market. Digital health technologies, such as mobile apps and wearable devices, are becoming increasingly popular among patients. These technologies can be used to track health data, provide reminders for medication, and connect patients with their healthcare providers.
Growing consumerism in healthcare is also driving the growth of the patient engagement solutions market. Patients are becoming more involved in their own healthcare and are demanding more information and control over their care. Patient engagement solutions can help patients to be more active participants in their care by providing them with access to information and resources.
The global patient engagement solutions market is segmented by delivery type, component, application, therapy area, end user, and region.
By delivery type, the market is segmented into web-based, cloud-based, and on-premises. The cloud-based segment is expected to grow at the highest CAGR during the forecast period. This is due to the increasing adoption of cloud computing in the healthcare industry. Cloud-based patient engagement solutions offer a number of advantages over on-premises solutions, such as lower cost, scalability, and ease of maintenance.
By component, the market is segmented into software and services. The software segment is expected to account for the largest share of the market during the forecast period. This is due to the increasing demand for patient engagement software solutions that can help patients to manage their health.
By therapy area, the market is segmented into chronic diseases, mental health, and others. The chronic diseases segment is expected to account for the largest share of the market during the forecast period. This is due to the increasing prevalence of chronic diseases worldwide.
By end user, the market is segmented into patients, healthcare providers, and payers. The patients segment is expected to account for the largest share of the market during the forecast period. This is due to the increasing demand for patient-centric care.
The key players in the global patient engagement solutions market include Allscripts Healthcare Solutions, Inc., Cerner Corporation, Epic Systems Corporation, IBM Corporation, McKesson Corporation, Qualcomm Life, Inc., SAP SE, WellDoc, Inc., and others.
These companies are investing in research and development to develop innovative patient engagement solutions. They are also expanding their geographic reach to capture new market opportunities.
The patient engagement solutions market is a rapidly growing market with a lot of potential. The market is expected to grow at a significant CAGR during the forecast period. The growth of the market is driven by a number of factors, including the increasing prevalence of chronic diseases, rising adoption of digital health technologies, and growing consumerism in healthcare.
The key players in the market are focusing on developing innovative patient engagement solutions that can help patients to manage their health. They are also expanding their geographic reach to capture new market opportunities. The patient engagement solutions market is expected to continue to grow in the coming years.
