The global patient engagement solutions market size is expected to reach USD 70.79 billion by 2028 according to a new study by Polaris Market Research. The report “Patient Engagement Solutions Market Share, Size, Trends, Industry Analysis Report, By Component (Software, Services, Hardware); By Delivery Type (Web-based/Cloud-based, On-premises); By End-Use (Payers, Providers, Individual Users); By Application; By Regions; Segment Forecast, 2021 - 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
A growing aging population in the market coupled with a surge in chronic diseases were largely responsible for the market growth for patient engagement solutions. For instance, according to the statistics published by the American Diabetes Association, in 2020, there were around 1.5 million new diabetic patients in the U.S. each year. In line with this, the companies are engaged in developing patient-centric connected healthcare.
For instance, in December 2020, Roche in Thailand released its digital platform to personalize diabetes management among sufferers. Thailand has around 4.3 million people suffering from diabetes of which one-third in the market are attaining proper treatment guidelines.
The platform collects individual medical data and facilitates communication between patient and caregiver. Also, innovations like this help in cutting down costs, and operational difficulties with better patient outcomes. This is likely to drive the market for patient engagement solutions over the forecast period.
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Ongoing coronavirus pandemic had a severe consequence on the daily life of the individual and the country’s economy. Healthcare systems all over the globe suffered from unprecedented burdens in providing optimal healthcare service. This has created opportunity for the patient engagement solutions providers in the market.
Caregivers and healthcare establishments struggled with a sudden rise in cases, to counter this, patients stumbled upon digital technologies. COVID-19 outbreak has encouraged market companies in innovating patient engagement platforms and cloud computing services. In line with this, in April 2020, GE Healthcare introduced a cloud-based remote-monitoring tool to assist caregivers to take care of COVID-19 patients, to get rid of the infection.
Market participants operating in the patient engagement solutions industry include Allscripts Healthcare Solutions, Cerner Corporation, McKesson Corporation, Phytel Inc., Medecision Inc., YourCareUniverse Inc., GetWellNetwork Inc., Orion Health Ltd., Lincor Solutions Ltd., and Athenahealth, Inc.
Polaris Market research has segmented the patient engagement solutions market report on the basis of component, delivery type, end-use, application, and region:
Patient Engagement Solutions, Component Outlook (Revenue - USD Million, 2016 - 2028)
Patient Engagement Solutions, Delivery Type Outlook (Revenue - USD Million, 2016 - 2028)
Patient Engagement Solutions, End Use Outlook (Revenue - USD Million, 2016 - 2028)
Patient Engagement Solutions, Application Outlook (Revenue - USD Million, 2016 - 2028)
Patient Engagement Solutions, by Regional Outlook (Revenue - USD Million, 2016 - 2028)