Patient Engagement Solution Market is estimated to be US$ 56.6 Billion by 2034; Rising Adaptation of Digital Platforms to Fuel Market Growth

Published Date: February 2024

A patient engagement platform is a software program that they can be used to access on computer, tablet, or smartphone. It can be connected to the patient's medical file, which avenues for patient involvement. The healthcare sector has increased investment in the Patient Engagement Solution Platform Market as a result of its understanding of the population's growing adoption of digital living. The adoption rate of the Patient Engagement Solution Platform is rising, which may lead to market expansion, as a result of benefits including personalized medical protocols, reminders, and user-friendly interfaces. Merging big businesses that operate in several industries to create a digital platform that offers a wide range of services can grow the user base, which will likely spur market expansion. In the years to come, the market for patient engagement solutions is anticipated to grow as a result of the entry of startups with fresh ideas, which has already sparked competition between them and well-established businesses which acts as Patient Engagement Solution Markets booster.Patient Engagement Solution Market was valued at US$ 20.81 Billion in 2024 and is projected to grow at a CAGR of 10.60% to reach US$ 56.6 Billion by 2034.

The report “Patient Engagement Solution Market, By Delivery Mode (Web-based, Cloud-based, On-premise), By Application (Social Management, Health Management, Home Healthcare Management, and Financial Health Management), By End User (Providers, Payers, Individual Users, and Others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2034”

 Key Highlights:

  • In April 2023, WellSky, a US-based provider of health and community care technologies, introduces a new patient interaction platform. The new platform will aid in enhancing openness and communication between clinical care teams, families, and patients.

  • In March 2022, New Digital Patient Engagement Solution is Unveiled by UST in Collaboration with Well-Beat Built on unique blockchain technology, the new system dynamically adjusts to patients' behavior patterns to improve healthcare encounters. At the point of care, the digital solution provides the doctor with personalized conversational prompts that are tailored to the patient's motivational elements. It assists in providing patients with direct and indirect behavioral nudges based on many variables, including but not restricted to the development of their disease status. To provide intelligent interventions and individualized patient experiences, it dynamically adapts patient communication using inputs from brief surveys, medical records, and linked devices.
  • In April 2022, to power clinical patient engagement solutions, Reverba launched the reverbaBRIDG technology platform. reverbaBRIDGE, a comprehensive digital platform that drives patient engagement solutions for clinical teams in the biopharmaceutical industry, has been launched, according to Reverba, a leading worldwide patient engagement firm. The most difficult aspects of patient engagement for successful clinical trials can be addressed with the help of ReverbaBRIDGE's data and technology-driven solutions, from finding and enlisting the proper patients to fostering long-lasting bonds both before and after clinical research.
  • In March 2020, PatientPoint launched three new digital products and expanded its industry-leading engagement platform, PatientPoint Infuse, to reach more points of care online in an effort to improve patient-provider communication.

Analyst View:

The key factor propelling the growth of the Patient Engagement Solution Market is the rise in smartphone usage and rising adoption of digital platforms by the populace due to various benefits. The patient engagement solution falls under this category due to a number of benefits such as personalized protocol, user-friendly interface, protocol reminders, and cost effectiveness. The market for patient engagement solutions is anticipated to grow as major established organizations enter the digital space and merge with other businesses to create products with a diversity of offerings. Startups technological development is anticipated to increase demand for patient engagement solutions in the future. Due of increased market competition, both major international and startups are jostling for their position in Patient Engagement Solution Market

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC onPatient Engagement Solution, By Delivery Mode (Web-based, Cloud-based, On-premise), By Application (Social Management, Health Management, Home Healthcare Management, and Financial Health Management), By End User (Providers, Payers, Individual Users, and Others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Patient Engagement Solution Market was valued at US$ 20.81 Billion in 2024 and is projected to grow at a CAGR of 10.60% to reach US$ 56.6 Billion by 2034. The Patient Engagement Solution Market is segmented based on Deliver Mode, Application, End User and Region.

  • Based on Delivery Mode, Patient Engagement Solution Market is segmented into Web-based, Cloud-based, On-premise.
  • Based on Application, Patient Engagement Solution Market is segmented into Social Management, Health Management, Home Healthcare Management, and Financial Health Management
  • Based on End User, Patient Engagement Solution Market is Segmented into Providers, Payers, Individual Users, and Others
  • By Region, the Patient Engagement Solution Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Patient Engagement Solution Market:

The prominent players operating in the Patient Engagement Solution Market includes, McKesson Corporation, Managed Health Care Associates, Inc., Aspect Software, Allscripts Healthcare Solutions, Inc., Saama Technologies, Inc., Phytel, Inc., Athena Health, Inc., , Cerner Corporation, Lincor Solutions Ltd., Orion Health Ltd.,Medecision, Inc., and YourCareUniverse, Inc.

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