Patient Engagement Solutions Market expected to reach USD 82.35 billion by 2032 with 15.47% CAGR.
From GlobeNewswire: 2024-12-09 08:00:00
The Patient Engagement Solutions Market was valued at USD 22.60 Billion in 2023, expected to reach USD 82.35 Billion by 2032 with a CAGR of 15.47% over 2024-2032. Factors driving growth include digital health technology adoption, better patient-provider communication, and rising demand for personalized healthcare services.
The market includes technologies like patient portals, mobile health apps, and remote monitoring systems aimed at improving patient-provider interaction. As healthcare shifts towards patient-centered care, technology plays a crucial role in enhancing communication and providing real-time health insights for better patient experiences and care delivery.
Software solutions, including patient portals and mobile apps, dominated the market in 2023 due to their role in enabling patient-provider communication and supporting personalized medicine and population health management. Cloud-based deployment mode led the market with its scalability, cost-effectiveness, and flexibility, facilitating remote patient monitoring and telehealth services.
The health tracking and insights functionality segment held the largest market share, driven by the widespread use of wearable devices and mobile health applications for real-time monitoring of vital health metrics. North America led the market in 2023, with high adoption rates of digital healthcare technologies and a focus on value-based care models, while Europe and Asia Pacific regions are expected to witness significant growth driven by government initiatives and increasing healthcare expenditure. In October 2024, patient engagement platform RadiantGraph raised USD 11 million in Series A funding. Zappix, a digital patient engagement solutions company, has acquired a new healthcare client, expanding its presence in the healthcare market and enhancing patient experiences. In August 2024, the NHS clarified its Patient Communication and Engagement Solutions 2 framework, focusing on patient portals and mobile apps to improve patient-provider communications in the UK. Cerner and IBM have agreed to collaborate in using AI to enhance patient engagement, integrating AI technologies into EHRs for actionable insights. The company has also partnered with AWS, Google Cloud, Databricks, and Snowflake to offer better patient engagement solutions.
Read more at GlobeNewswire: Patient Engagement Solutions Market to Reach USD 82.35