The global Patient Engagement Market size is expected to reach USD 39.79 billion in 2028 and register a revenue CAGR of 16.2% over the forecast period, according to a latest report by Reports Data. Major factors driving market revenue growth are increasing awareness regarding the benefits of Patient Engagement, rapid urbanization and advancements in IoT (Internet of Things) and data analytics.
The mandatory social distancing and lockdowns during Covid 19 pandemic has made Patient Engagement the safest interactive system between doctors and patients, both infected and uninfected globally. Patient Engagement provide educational resources, increased patient satisfaction, timely exchange of patient health records and lowers cost.
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Some Key Highlights From the Report:
- On the basis of component type, the market report is segmented into hardware, software, and services. Among these, the software segment is expected to register a significantly rapid revenue CAGR during the forecast period due to fast and efficient data transfer of patient health.
- On the basis of delivery mode, the market report is segmented into on-premise, and cloud. The cloud segment is expected to register largest revenue share over the forecast period due to increasing need for real-time analytics, convenient accessibility and rapid digitalization.
- On the basis of end use, the market report is segmented into provider and payer. Among these, provider segment is expected to register robust revenue CAGR during the forecast period due to increasing adoption of Patient Engagement to implement favorable financial solutions and reduce cost.
- On the basis of application, the market report is segmented into home healthcare management, health management, financial health and others. The home healthcare management segment accounted for the largest revenue share in the global market in 2020 due to rapid digitalization, increasing popularity if telehealth and online payments due to Covid-19 lockdowns.
- On the basis of therapeutic area, the market report is segmented into women’s health, chronic diseases, fitness and others. Among these, the chronic diseases segment is expected to register a significantly rapid revenue CAGR during the forecast period due to increasing need for better management of chronic illnesses.
- Asia Pacific Patient Engagement market is expected to register fastest revenue growth rate over the forecast period due to government initiatives and investments for availability of basic health technologies owing to rapid urbanization in countries in the region.
- North America Patient Engagement market revenue is expected to remain significantly larger and dominate other regional markets over the forecast period. This can be attributed to increasing adoption of mHealth apps, and growing awareness among patients in countries in the region.
Key companies profiled in the report include:
Allscripts Healthcare Solutions Inc., Lincor Solutions Ltd., Phytel Inc., Orion Health Ltd., McKesson Corporation, Cerner Corporation, Medecision Inc., Athena Health Inc., and YourCareUniverse Inc.
By Component Type (Revenue, USD Billion; 2018 – 2028)
- Hardware
- Software
- Services
By Delivery Mode (Revenue, USD Billion; 2018 – 2028)
- On-premise
- Cloud
By End Use (Revenue, USD Billion; 2018 – 2028)
- Provider
- Payer
By Application (Revenue, USD Billion; 2018 – 2028)
- Home Healthcare Management
- Health Management
- Financial Health
- Others
By Therapeutic Area (Revenue, USD Billion; 2018 – 2028)
- Women’s Health
- Chronic Diseases
- Fitness
- Others
Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East Africa
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