Patient Engagement Technology Market Size & Trends 2022, 28

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Patient Engagement Technology Market Forecast to 2028 - COVID-19 Impact and Global 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)

Publication Month: May 2022 | Report Code: TIPRE00029385 | No. of Pages: 227 | Category: Healthcare IT | Status: Published

The patient engagement technology market is expected to grow from US$ 21,354.38 million in 2022 to US$ 59,003.21 million by 2028; it is expected to register a CAGR of 18.5% from 2022 to 2028.

Patient engagement technology enables patients to be involved in self-care and significantly increases healthcare understanding regarding their health condition, allowing patients to make informed decisions regarding healthcare. The rising adoption of a patient-centric approach, shortage of nursing staff and doctors, and rising numbers of start-ups are the key factors that are driving the growth of the patient engagement technology market. However, the shortage of skilled IT technicians and the risks of cyber threats hamper the market growth.

The report offers insights and in-depth analysis of the patient engagement technology market emphasizing on various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players globally. It also includes the impact of the COVID-19 pandemic on the market across all regions. The COVID-19 pandemic sparked new developments in patient monitoring and cloud computing. For instance, GE Healthcare unveiled in April 2020 an innovative cloud-based remote-monitoring technology to help doctors care for ventilated COVID-19 patients. EmOpti, a company established in the US, provides a telehealth platform compatible with patient electronic health information (EHR). The startup provides the EmOpti Requestor, which consists of a nursing device and a patient device. Nurses and technicians can effectively control variable patient numbers due to the proprietary hardware and software. EmOpti Insights is a collection of carefully chosen real-time patient flow analytics for healthcare professionals. This allows the EmOpti Responder to monitor and act across various facilities in a hospital environment. As a result, the COVID-19 pandemic is expected to impact digital transformation significantly. Thus, these factors have shown steady growth in the patient engagement technology market.

Strategic Insights

Report Coverage - Patient Engagement Technology Market
Report CoverageDetails
Market Size Value inUS$ 21,354.38 Million in 2022
Market Size Value byUS$ 59,003.21 Million by 2028
Growth rateCAGR of 18.5% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
No. of Pages227
No. of Tables139
No. of Charts & Figures85
Historical data availableYes
Segments coveredComponent, Therapeutic Area, Delivery Mode, Application, and End User
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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The patient engagement technology market is segmented into component, therapeutic area, delivery mode, application, end user, and geography. By region, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America.

Lucrative Regions for Patient Engagement Technology Market

Lucrative Regions for Patient Engagement Technology Market

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Market Insights
Rising Adoption of Patient-Centric Engagement Solutions

Patient engagement refers to anything that allows healthcare organizations to communicate with their patients, such as using an online patient portal. However, patient involvement is more than just interactive technology such as a portal or automated message. Moreover, the medical procedure scheduled for patients is critical in assuring patient satisfaction. Technology increases service quality and ensures safety. Wireless technologies have been built around the hospital environments through which patients and healthcare providers can manage personalized data. According to a white paper issued by UbiCare, patient engagement system usage reduces [length of stay (LOS)] by 25% per day for hip replacement patients and 13% for knee replacement patients. For instance, in 2021, an innovative patient engagement program, enhanced recovery after surgery (ERAS), was implemented at university hospitals (UH), which yielded notable results. According to a news release, it led to shorter hospital stays, less use of opioids, fewer post-surgical infections, and lower costs for patients. The program included pre-operative counseling to set expectations with patients and families, optimizing pre-operative and post-operative nutrition, minimizing the use of narcotic pain relievers after surgery, promoting early mobility after surgery, and getting patients healthier. ERAS was first implemented at UH Cleveland Medical Center and used at all hospitals across the UH system. Further, in May 2022, the program won the Patient Engagement Best Practice Award from the Ohio Patient Safety Institute for 2021.

Patient empowerment through enhanced health knowledge, timely appointment scheduling with doctors/caregivers, increasing adherence to recommended medical treatments, and rising interaction with providers via online tools are advantages of patient engagement technology solutions. These solutions are adopted based on the level of patient empowerment they provide. When patients access their medical records and track their progress, they become more engaged in their care. Thus, benefits associated with the patient engagement system are promoting the patient engagement technology market growth.

Component-Based Insights

Based on component, the global patient engagement technology market is segmented into services, software, and hardware. In 2022, the software segment accounted for the largest share of the market; it is further expected to continue its dominance over the forecast period. The software is mostly used in patient engagement technology-based products as it helps patients to connect with healthcare providers and receive required services. Moreover, the software segment is expected to register the highest CAGR in patient engagement technology market from 2022 to 2028.

Patient Engagement Technology Market, by Component – 2022 and 2028

Patient Engagement Technology Market, by Component – 2022 and 2028

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Therapeutic Area-Based Insights

Based on therapeutic area, the patient engagement technology market is segmented into fitness, chronic diseases, women’s health, and others. The chronic diseases segment held the largest market share in 2021. However, the fitness segment is anticipated to register the highest CAGR during the forecast period.

Delivery Mode-Based Insights

Based on delivery mode, the patient engagement technology market is bifurcated into cloud-based and on-premises. The cloud-based segment held the largest market share in 2021 and is anticipated to register the highest CAGR during the forecast period.

Application-Based Insights

Based on application, the patient engagement technology market is segmented into health management, financial health management, home health management, and others. The health management segment held the largest market share in 2021, and it is anticipated to register the highest CAGR during the forecast period.

End User-Based Insights

Based on end user, the patient engagement technology market is segmented into patient, payers, providers, and others. In 2021, the providers segment held the largest share of the market. However, the payers segment is expected to register the highest CAGR in the patient engagement technology market from 2021 to 2028.

The patient engagement technology market players adopt organic strategies such as product launch and expansion to expand their footprint and product portfolio worldwide and meet the growing demand. In April 2022, Medecision and Clearstep, Inc., a healthcare technology company entered into 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. The AI technology will be available through Medecision’s HITRUST CSF-certified, SaaS solution, Aerial. Clearstep Smart Care Routing provides patient-consumers with self-service access to the right care and services within a healthcare system or payer network, driving better patient engagement, acquisition, and retention.

Geography-Based Insights

By geography, the patient engagement technology market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Spain, Italy, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of APAC), the Middle East & Africa (Saudi Arabia, the UAE, South Africa, and the Rest of MEA), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

Company-Based Insights

Allscripts Healthcare, LLC; athenahealth, Inc. (Veritas Capital); Carilex Medi GetWellNetwork, Inc.; AdvancedMD, Inc.; Cerner Corporation; Epic Systems Corporation; Orion Health group of companies; McKESSON CORPORATION; Lincor, Inc.; and Medecision are among the leading companies operating in the patient engagement technology market.

Frequently Asked Questions

Patient engagement technology allows the involvement of patients and their friends, family members in self-care. They are widely used in application such as social management, financial health management, home healthcare management, health management and others.
The factors that are driving the growth of market are rising adoption of patient-centric engagement solutions, rising numbers of startups, and favorable government initiatives. However, the shortage of skilled IT technicians and risks associated with cyber threats are the major factor hindering the patient engagement technology market growth.
The patient engagement technology market majorly consists of the players, such as Allscripts Healthcare, LLC; athenahealth, Inc.; GetWellNetwork, Inc.; AdvancedMD, Inc.; Cerner Corporation; Epic Systems Corporation; Orion Health; McKesson Corporation; Lincor, Inc.; Medecision among others.
The market is estimated to grow at a CAGR of 18.5% during the forecast period.
The patient engagement technology market is estimated to be valued at US$ 21,354.38 million in 2022.
The patient engagement technology market is expected to be valued at US$ 59,003.21 million in 2028.
The patient engagement technology market is analyzed in the basis of component, therapeutic area, delivery mode, application, and end user. Based on component, the market is segmented into services, hardware, and software. The software segment held the largest share of the market. Moreover, the same segment is anticipated to register the highest CAGR in the forecast period.
North America accounts for the major market share of patient engagement technology market in 2022 due to presence of developed healthcare IT infrastructure which led to the high adoption of patient engagement technology.
Asia Pacific is expected to be the fastest growing region in patient engagement technology market over the forecast period due to developing healthcare infrastructure and significant prevalence of chronic infectious diseases in countries’.

The List of Companies - Patient Engagement Technology Market

  1. Allscripts Healthcare, LLC                 
  2. athenahealth, Inc.
  3. GetWellNetwork, Inc.       
  4. AdvancedMD, Inc.              
  5. Cerner Corporation            
  6. Epic Systems Corporation                
  7. Orion Health group of companies.               
  8. McKesson Corporation     
  9. Lincor, Inc.             
  10. Medecision
  • Provide strong and enough study of the Patient Engagement Technology market that help in understanding the market.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Patient Engagement Technology market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global Patient Engagement Technology market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
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