Global Patient Engagement Solutions Market to Reach USD 56,398.18 Million by 2031 | CAGR of 13.1%
Category : Pharmaceuticals | Published Date : Nov 2024 | Type : Press Release
Patient Engagement Solutions Market Scope & Overview:
In the newly published report, Consegic Business Intelligence states that the Patient Engagement Solutions Market size was valued at USD 21,311.80 million in 2023 and is projected to grow at a CAGR of 13.1%, reaching USD 56,398.18 million by 2031. Patient engagement solutions are digital tools designed to enhance communication and collaboration between healthcare providers and patients. These solutions empower patients to actively manage their healthcare by providing access to personalized health information, secure messaging platforms, and remote monitoring tools, ultimately improving health outcomes and satisfaction.
The report comprises the Patient Engagement Solutions Market Share, Size & Industry Analysis, based on Components (Software, Hardware, Services), Deployment (Web-Based, Cloud-Based, On-Premises), End-User (Hospitals, Ambulatory Surgical Centers, Clinics, Others), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024-2031.
The report contains detailed information on Patient Engagement Solutions Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profiles, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
The market is driven by rising adoption of telemedicine, wearable devices, and AI-enabled solutions in healthcare, while data privacy concerns challenge its growth.
Segmental Analysis :
Based on components, the market is segmented into Software, Hardware, and Services.
- The software segment accounted for the largest share in 2023 and is projected to grow at the fastest rate during the forecast period. This growth is attributed to its ability to provide patient portals, telehealth capabilities, and appointment scheduling systems, enhancing communication and patient satisfaction.
Based on deployment, the market is segmented into Web-Based, Cloud-Based, and On-Premises.
- The web-based segment held the largest revenue share in 2023, driven by its flexibility and accessibility, allowing patients to engage with healthcare providers via web browsers.
- The cloud-based segment is anticipated to grow at the highest CAGR, supported by its scalability, cost-effectiveness, and ability to facilitate remote patient monitoring and telehealth consultations.
Based on end-user, the market is categorized into Hospitals, Ambulatory Surgical Centers, Clinics, and Others.
- The hospitals segment dominated the market in 2023 with a share of 46.87%, attributed to the adoption of patient engagement platforms to enhance care delivery, streamline operations, and improve patient satisfaction.
- The ambulatory surgical center segment is projected to grow at the fastest rate, supported by the adoption of digital tools to improve patient outcomes and operational efficiency.
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
- North America: Accounted for the highest market share in 2023 at 40.20%, driven by advanced healthcare infrastructure, growing adoption of telehealth, and increased prevalence of chronic diseases.
- Asia-Pacific: Expected to grow at the fastest CAGR of 13.7%, supported by rising healthcare awareness, aging populations, and adoption of digital health technologies.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 56,398.18 Million |
| CAGR (2024-2031) | 13.1% |
| Components | Software, Hardware, Services |
| Deployment | Web-Based, Cloud-Based, On-Premises |
| End-User | Hospitals, Ambulatory Surgical Centers, Clinics, Others |
| By Region | North America (U.S., Canada, Mexico), Europe (Germany, UK, France, Spain, Italy, Russia, BENELUX, Rest of Europe), APAC (China, Japan, India, South Korea, Australia, ASEAN, Rest of APAC), LATAM (Brazil, Argentina, Chile, Rest of LATAM), MEA (GCC, Turkey, South Africa, Rest of MEA) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Patient Engagement Solutions Industry:
- HealthAsyst (India)
- IQVIA (United States)
- OSP (United States)
- Greenway Health, LLC (United States)
- athenahealth (United States)
- Oracle (United States)
- Nuance Communications, Inc. (United States)
- Orion Health Group of Companies (New Zealand)
- McKesson Corporation (United States)
- Koninklijke Philips N.V. (Netherlands)
Recent Industry Developments:
- August 2024: PatientPoint launched PatientPoint Focus, a new platform designed to enhance personalized patient engagement beyond healthcare facilities.
- March 2023: EATRIS, in collaboration with EPF and EATG, introduced the Patient Engagement Resource Centre to empower researchers in engaging patients effectively.
- June 2024: MedAdvisor Solutions unveiled AI-powered omnichannel engagement for pharmacies, simplifying patient communication and improving health outcomes.
