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The patient engagement technology market is expected to grow from $21,354.38 million in 2022 to $59,003.21 million in 2028; It is estimated to grow at a CAGR of 18.5% from 2022 to 2028.
Rising prevalence of chronic diseases such as cardiovascular disease, diabetes, and obesity, increase in government initiatives, and growing number of startups are expected to drive the growth of the patient engagement market.
Technology increases service quality and ensures security. Wireless technologies have emerged in the hospital environments to allow patients and healthcare providers to manage personalized data. According to a white paper published by UbiCare, the use of patient retention systems is declining [length of stay (LOS)] by 25% per day for hip replacement patients and by 13% for knee replacement patients.
Empowering patients through increased health knowledge, timely appointment scheduling with physicians/carers, increased adherence to recommended medical treatments, and increased interaction with providers via online tools are benefits of patient engagement technology solutions. These solutions are adopted based on the level of patient empowerment they offer. When patients access their medical records and track their progress, they become more engaged in their care. Thus, the benefits associated with the patient retention system are fueling the growth of the patient retention technology market.
The COVID-19 pandemic has accelerated the rise of digital health, a comprehensive concept that includes telemedicine and teleconsultation solutions, connected devices, and digital health platforms and apps. The concept includes the related analysis of health data and components in systems based on big data, such as epidemiological research and AI-supported diagnostic support. Digital technologies for the digital delivery of healthcare are becoming increasingly important during the ongoing COVID-19 pandemic. They are used for online medical consultations from home to increase efficiency in diagnosing and treating patients through telemedicine.
Based on therapeutic area, Patient Engagement Technology market is segmented into Fitness, Chronic Diseases, Women’s Health and Others. The chronic diseases segment had the largest market share in 2022; However, the fitness segment is expected to register the highest CAGR in the market during the forecast period.
Based on deployment mode, patient engagement technologies market is segmented into cloud-based and on-premises. The cloud-based segment held the largest market share in 2022 and is expected to register the highest CAGR in the market during the forecast period.
Based on Application, Patient Engagement Technology Market is segmented into Healthcare Management, Financial Healthcare Management, Home Healthcare Management, and Others. The Healthcare Management segment held the largest market share in 2022 and is expected to register the highest CAGR in the market during the forecast period.
Based on End User, Patient Engagement Technology market is segmented into Patient, Payer, Provider and Other. The provider segment held the largest market share in 2022, however, the payer segment is expected to register the highest CAGR in the market during the forecast period.
Important market drivers
Increasing acceptance of patient-centric engagement solutions
Increasing positive government initiatives
Increasing number of start-ups
Lack of qualified IT technicians
Risk of cyber threats
increasing use of smartphones,
Strategic developments of market participants
Main topics covered:
2. Patient Engagement Technology Market – Key Takeaways
3. Research methodology
4. Patient Engagement Technology Market – Market Landscape
5. Patient Engagement Technology Market – Key Market Dynamics
6. Patient Engagement Technology Market – Global Analysis
7. Patient Engagement Technology Market Analysis – by Component
8. Patient Engagement Technology Market Analysis – by Therapeutic Area
9. Patient Engagement Technology Market Analysis – by Deployment Mode
10. Patient Engagement Technology Market Analysis – by Application
11. Patient Engagement Technology Market – by End User
12. Global Patient Engagement Technology Market – Geographical Analysis
13. Impact of COVID-19 Pandemic on Patient Engagement Technology Market
14. Patient Engagement Technology Market – Industry Landscape
15. Company Profiles
Allscripts Healthcare, LLC
GetWell Network, Inc.
Epic Systems Corporation
Orion Health group of companies.
For more information about this report, visit https://www.researchandmarkets.com/r/61bprz