Global Patient Engagement Technology Market to Reach $59.03 Billion by 2028 at a CAGR of 18.5%

DUBLIN, August 10, 2022 /PRNewswire/ — The “Patient Engagement Technology Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Component, Therapeutic Area, Delivery Mode, Application and End User” report has been added to ResearchAndMarkets.com’s The offer of

The patient engagement technology market is expected to grow from 21,354.38 million dollars in 2022 until 59,003.21 million dollars until 2028; estimated to grow to one CAGR of 18.5% from 2022 to 2028.

Increasing prevalence of chronic disorders such as cardiovascular disorders, diabetes, and obesity, increasing government initiatives, and growing number of start-ups are likely to fuel the growth of the patient engagement market.

Technology increases the quality of service and guarantees security. Wireless technologies are built around hospital environments through which patients and healthcare providers can manage personalized data. According to a white paper released by UbiCare, the use of the patient engagement system decreases [length of stay (LOS)] by 25% per day for hip replacement patients and 13% for knee replacement patients.

Empowering patients through enhanced health knowledge, timely scheduling of doctor/caregiver appointments, increased adherence to recommended medical treatments, and increased interaction with providers through online tools are advantages of patient engagement technology solutions. These solutions are approved 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, the benefits associated with the patient engagement system are promoting the growth of the patient engagement technology market.

The COVID-19 pandemic has accelerated the growth of digital health, a broad concept that includes telemedicine and teleconsultation solutions, connected devices, and digital health platforms and health apps. The concept covers analytics related to health data and components in big data-based systems, such as epidemiological research and AI-enabled diagnosis support. Digital technologies for digital healthcare delivery are becoming critical during the ongoing COVID-19 pandemic. They are used for online medical consultations from home to increase efficiency in the diagnosis and treatment of patients through telemedicine.

Based on therapeutic area, the patient engagement technology market is segmented into fitness, chronic disease, women’s health, and others. The chronic diseases segment held the largest market share in 2022; however, the fitness segment is projected to register the highest CAGR in the market during the forecast period.

Based on the mode of delivery, the patient engagement technology market is segmented into cloud-based and on-premises. The cloud-based segment held the largest market share in 2022 and is projected to register the highest CAGR in the market during the forecast period.

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 2022 and is projected to register the highest CAGR in the market during the forecast period.

Based on end-user, the patient engagement technology market is segmented into patients, payers, providers, and others. The provider segment held the largest market share in 2022, however, the payer segment is projected to register the highest CAGR in the market during the forecast period.

Market Dynamics
Key market leaders

  • Growing adoption of patient-centric engagement solutions
  • Raising favorable government initiatives
  • Growing number of start-ups

Market restrictions

  • Lack of qualified IT technicians
  • Risk of Cyber ​​Threats

Market Opportunities

  • The increase in the use of smart phones,

Future trends

  • Strategic Developments by Market Players

Main topics covered:

1. Introduction

2. Patient Engagement Technology Market – Key Issues

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 Delivery 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 the COVID-19 pandemic on the patient engagement technology market

14. Patient Engagement Technology Market – Industry Landscape

15. Company Profiles

The companies mentioned

  • Allscripts Healthcare, LLC
  • athenahealth, inc.
  • GetWellNetwork, Inc.
  • AdvancedMD, Inc.
  • Cerner Corporation
  • Epic Systems Corporation
  • Orion Health Group of Companies.
  • McKesson Corporation
  • Lincor, Inc.
  • DECISION

For more information about this report, visit https://www.researchandmarkets.com/r/7mo3o6

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SOURCE Research and Markets

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