Global Patient Engagement Solutions Market

Report ID : 1429 | Published : 2022-10-30 | Pages: | Format: PDF/EXCEL

The market size of the Global Patient Engagement Solutions Market in the year 2021 is valued at 12.16 billion and is predicted to reach 31.85 billion by the year 2030 at an 11.56% CAGR during the forecast period.

The term "patient engagement" describes how involved healthcare workers are in their patient's health and wellness. Clinicians have access to the patient data that is kept in a patient engagement system. Patients can use a mobile device, tablet, or computer to contact their healthcare providers using a patient engagement platform. Due to the global increase in chronic disease cases, patient engagement solutions enjoy increasing popularity. The International Diabetes Federation estimates that 537 million individuals worldwide between the ages of 20 and 79 have diabetes. By 2030, there will be 643 million cases of diabetes worldwide, and by 2045, there will be 783 million cases. The main drivers of market expansion include the rising adoption of smartphones and mobile health (mHealth) to facilitate better inpatient treatments. Solutions for patient participation aid in enhancing hospital efficiency, security, economics, and patient outcomes, among other things.

Their rising popularity, supported by several beneficial government measures, will create profitable expansion opportunities for the industry. However, the lack of health literacy has done more to impede market expansion. Additionally, there would be more chances due to the need for value-based medications brought on by increased social pressure and a significant move toward patient-specific treatments.

Market Segmentation:

The patient engagement solutions market is segmented on component, functionality, delivery mode and end-use. Based on components, the market is segmented into software & hardware, standalone, integrated, service, consulting, training, training & implementation, support & maintenance and others. Based on the functionality, the market is segmented into communication, health tracking & insights, billing & payments, administration, patient education and others. Based on the delivery mode, the market is segmented into on-premise and cloud-based solutions. Based on application, the market is segmented into home health management, population health management, outpatient health management and financial health management. Based on the end-user, the market is segmented into providers, payers, patients and others. Based on the therapeutic area, the market is segmented into health & wellness, chronic disease management and others.

Based on delivery mode, the cloud-based solution category is accounted as a major contributor to the patient engagement solutions market.

The cloud-based solution category dominated the market in 2021. These solutions are becoming more popular due to their integrated features, convenient accessibility, low handling costs, remote real-time data tracking, and simple data backup capabilities. Companies are investing in web- and cloud-based patient engagement solutions because of the factors above. For instance, Microsoft debuted its first industry-specific cloud, Microsoft Cloud for Healthcare, in May 2020. The platform's telemedicine and data analytics features help physicians improve patient engagement and collaboration among health teams.

The outpatient health management category witnessed growth at a rapid rate.

The outpatient health management category dominated the market in 2021. Patients diagnosed with chronic diseases need to be watched and informed about how to treat their condition. Patients are now more involved in planning, monitoring, and optimizing their care due to growing healthcare consumerism. Patient engagement tools also allow patients to communicate with their healthcare professionals at a distance, facilitating the efficient exchange of information, patient feedback, and other health-related data. For instance, the CDC supported 13 state programs for managing and preventing arthritis in November 2019 to raise the standard of living and patient care for people with arthritis in rural areas. Due to the expanding selection of goods and rising demand, it is anticipated that more medical device, pharmaceutical, and other life science companies will employ patient engagement solutions for R&D.

The North American patient engagement solutions market holds a significant regional revenue share.

The North American patient engagement solutions market is expected to register the highest market share in revenue shortly because of important players, increased mHealth and EHR usage, and growing investment in patient engagement software by big businesses. Additionally, the rise is anticipated to be accelerated by rising awareness levels and government spending in the healthcare industry. Most of the major market players are based in the region, which is one of the key factors boosting the market's growth. Other essential factors include government regulations supporting the healthcare system, the need to lower healthcare costs for better accessibility, the rising prevalence of chronic diseases, and the rising prevalence of infectious diseases. In addition, Asia Pacific is projected to increase in the global patient engagement solutions market. A growing patient population, an improved healthcare infrastructure, an increase in the quality of care, and local companies are just a few of the essential aspects projected to provide the market with profitable growth prospects over the projection period. The expansion of this region is also being aided by the economic progress of nations like China and India.

Competitive Landscape

The key players in the patient engagement solutions market have shifted their focus toward product manufacturing and are initiating significant strategies such as mergers, acquisitions, and joint ventures of major and domestic players to enhance their product portfolio and strengthen their global market footprint. Key players in the patient engagement solutions market are Cerner Corporation (Oracle), NXGN Management, LLC., Epic Systems Corporation, Allscripts Healthcare, LLC, McKesson Corporation, ResMed, Klara Technologies, Inc., Koninklijke Philips N.V., Athenahealth Inc. and CPSI.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Patient Engagement Solutions Market Snapshot

Chapter 4. Global Patient Engagement Solutions Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Component Type Estimates & Trend Analysis

5.1. by Component Type & Market Share, 2019 & 2030

5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Component Type:

5.2.1. Software & Hardware

5.2.2. Standalone

5.2.3. Integrated

5.2.4. Service

5.2.5. Consulting

5.2.6. Training

5.2.7. Training & Implementation

5.2.8. Support & Maintenance

5.2.9. Others

Chapter 6. Market Segmentation 2: by Functionality Estimates & Trend Analysis

6.1. by Functionality & Market Share, 2019 & 2030

6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Functionality:

6.2.1. Communication

6.2.2. Health Tracking & Insights

6.2.3. Billing & Payments

6.2.4. Administration

6.2.5. Patient Education

6.2.6. Others

Chapter 7. Market Segmentation 3: by Delivery Mode Estimates & Trend Analysis

7.1. by Delivery Mode & Market Share, 2019 & 2030

7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Delivery Mode:

7.2.1. On-premise Solution

7.2.2. Cloud-based Solution

Chapter 8. Market Segmentation 4: by Application Estimates & Trend Analysis

8.1. by Application & Market Share, 2019 & 2030

8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Application:

8.2.1. Home Health Management

8.2.2. Population Health Management

8.2.3. Outpatient Health Management

8.2.4. Financial Health Management

Chapter 9. Market Segmentation 5: by End-use Estimates & Trend Analysis

9.1. by End-use & Market Share, 2019 & 2030

9.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by End-use:

9.2.1. Providers

9.2.2. Payers

9.2.3. Patients

9.2.4. Others

Chapter 10. Market Segmentation 6: by Therapeutic Area Estimates & Trend Analysis

10.1. by Therapeutic Area & Market Share, 2019 & 2030

10.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Therapeutic Area:

10.2.1. Health & Wellness

10.2.2. Chronic Disease Management

10.2.3. Others

Chapter 11. Patient Engagement Solutions Market Segmentation 7: Regional Estimates & Trend Analysis

11.1. North America

11.1.1. North America Patient Engagement Solutions Market Revenue (US$ Million) Estimates and Forecasts by Component Type, 2022-2030

11.1.2. North America Patient Engagement Solutions Market Revenue (US$ Million) Estimates and Forecasts by Functionality, 2022-2030

11.1.3. North America Patient Engagement Solutions Market revenue (US$ Million) by Delivery Mode, 2022-2030

11.1.4. North America Patient Engagement Solutions Market revenue (US$ Million) by Application, 2022-2030

11.1.5. North America Patient Engagement Solutions Market revenue (US$ Million) by End-use, 2022-2030

11.1.6. North America Patient Engagement Solutions Market revenue (US$ Million) by Therapeutic Area, 2022-2030

11.1.7. North America Patient Engagement Solutions Market revenue (US$ Million) by Delivery Mode, 2022-2030

11.1.8. North America Patient Engagement Solutions Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

11.2. Europe

11.2.1. Europe Patient Engagement Solutions Market revenue (US$ Million) by Component Type, 2022-2030

11.2.2. Europe Patient Engagement Solutions Market revenue (US$ Million) by Functionality, 2022-2030

11.2.3. Europe Patient Engagement Solutions Market revenue (US$ Million) by Delivery Mode, 2022-2030

11.2.4. Europe Patient Engagement Solutions Market revenue (US$ Million) by Application, 2022-2030

11.2.5. Europe Patient Engagement Solutions Market revenue (US$ Million) by End-use, 2022-2030

11.2.6. Europe Patient Engagement Solutions Market revenue (US$ Million) by Therapeutic Area, 2022-2030

11.2.7. Europe Patient Engagement Solutions Market revenue (US$ Million) by Delivery Mode, 2022-2030

11.2.8. Europe Patient Engagement Solutions Market revenue (US$ Million) by country, 2022-2030

11.3. Asia Pacific

11.3.1. Asia Pacific Patient Engagement Solutions Market revenue (US$ Million) by Component Type, 2022-2030

11.3.2. Asia Pacific Patient Engagement Solutions Market revenue (US$ Million) by Functionality, 2022-2030

11.3.3. Asia-Pacific Patient Engagement Solutions Market revenue (US$ Million) by Delivery Mode, 2022-2030

11.3.4. Asia Pacific Patient Engagement Solutions Market revenue (US$ Million) by Application, 2022-2030

11.3.5. Asia Pacific Patient Engagement Solutions Market revenue (US$ Million) by End-use, 2022-2030

11.3.6. Asia Pacific Patient Engagement Solutions Market revenue (US$ Million) by Therapeutic Area, 2022-2030

11.3.7. Asia Pacific Patient Engagement Solutions Market revenue (US$ Million) by Delivery Mode, 2022-2030

11.3.8. Asia Pacific Patient Engagement Solutions Market revenue (US$ Million) by country, 2022-2030

11.4. Latin America

11.4.1. Latin America Patient Engagement Solutions Market revenue (US$ Million) by Component Type, 2022-2030

11.4.2. Latin America Patient Engagement Solutions Market revenue (US$ Million) by Functionality, 2022-2030

11.4.3. Latin America Patient Engagement Solutions Market revenue (US$ Million) by Delivery Mode, 2022-2030

11.4.4. Latin America Patient Engagement Solutions Market revenue (US$ Million) by Application, 2022-2030

11.4.5. Latin America Patient Engagement Solutions Market revenue (US$ Million) by End-use, 2022-2030

11.4.6. Latin America Patient Engagement Solutions Market revenue (US$ Million) by Therapeutic Area, 2022-2030

11.4.7. Latin America Patient Engagement Solutions Market revenue (US$ Million) by Delivery Mode, 2022-2030

11.4.8. Latin America Patient Engagement Solutions Market revenue (US$ Million) by country, 2022-2030

11.5. Middle East & Africa

11.5.1. Middle East & Africa Patient Engagement Solutions Market revenue (US$ Million) by Component Type, 2022-2030

11.5.2. Middle East & Africa Patient Engagement Solutions Market revenue (US$ Million) by Functionality, 2022-2030

11.5.3. Middle East & Africa Patient Engagement Solutions Market revenue (US$ Million) by Delivery Mode, 2022-2030

11.5.4. Middle East & Africa Patient Engagement Solutions Market revenue (US$ Million) by Application, 2022-2030

11.5.5. Middle East & Africa Patient Engagement Solutions Market revenue (US$ Million) by End-use, 2022-2030

11.5.6. Middle East & Africa Patient Engagement Solutions Market revenue (US$ Million) by Therapeutic Area, 2022-2030

11.5.7. Middle East & Africa Patient Engagement Solutions Market revenue (US$ Million) by Delivery Mode, 2022-2030

11.5.8. Middle East & Africa Patient Engagement Solutions Market revenue (US$ Million) by country, 2022-2030

Chapter 12. Competitive Landscape

12.1. Major Mergers and Acquisitions/Strategic Alliances

12.2. Company Profiles

12.2.1. Cerner Corporation (Oracle)

12.2.2. NXGN Management LLC.

12.2.3. Epic Systems Corporation

12.2.4. Allscripts Healthcare LLC

12.2.5. McKesson Corporation

12.2.6. ResMed

12.2.7. Klara Technologies, Inc.

12.2.8. Koninklijke Philips N.V.

12.2.9. Athenahealth Inc.

12.2.10. CPSI

12.2.11. Other Prominent Players

By Component-

  • Software & Hardware
  • Standalone
  • Integrated
  • Service
  • Consulting
  • Training
  • Training & Implementation
  • Support & Maintenance
  • Others

By Functionality-

  • Communication
  • Health Tracking & Insights
  • Billing & Payments
  • Administration
  • Patient Education
  • Others

By Delivery Mode-

  • On-premise Solution
  • Cloud-based Solution

By Application-

  • Home Health Management
  • Population Health Management
  • Outpatient Health Management
  • Financial Health Management

By End-Use-

  • Providers
  • Payers
  • Patients
  • Others

By Therapeutic Area-

  • Health & Wellness
  • Chronic Disease Management
  • Others

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

 

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