Patient Engagement Solutions Market size to grow by USD 26.37 billion from 2022 to 2027, North America is estimated to account for 40% of the growth of the global market - Technavio

NEW YORK, Oct. 27, 2023 /PRNewswire/ -- The patient engagement solutions market size is estimated to grow by USD 26.37 billion from 2022 to 2027, growing at a CAGR of 17.83% during the forecast period. North America is estimated to account for 40% of the growth of the global market during the forecast period. The growth of the regional market can be attributed to the rise in demand for improved healthcare outcomes and the increasing incidence of chronic diseases such as heart disease, cancer, diabetes, and others. Furthermore, the need for better management of chronic illnesses such as diabetes or heart disease drives the market growth in the North American region. For instance, many clinical trial sponsors adopted patient engagement technology solutions to enable continuity in data collection, including COVID-19 cases during the pandemic. Hence, such factors drive the regional market growth during the forecast period. For Comprehensive details on the market size of the historic period(2017 to 2021) and forecast period (2023-2027) - View Sample Report

Patient Engagement Solutions Market - Vendor Landscape
The patient engagement solutions market is fragmented; the vendors are competing with competitors and are trying to get a greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products - The report provides a full list of key vendors, their strategies, and the latest developments. Buy The Report 

Patient Engagement Solutions Market - Market Dynamics

Major Drivers & Challenges-

Advanced benefits of patient engagement solutions notably drive the patient engagement solution market growth. These solutions help patients share health information in a secure manner. Some of the solutions include periodic healthcare tips, trigger-based appointment reminders, prescription refill reminders, and post-diagnosis notes. Furthermore, they offer various advantages to patients and providers. For instance, patient registration allows patients to record their health information, such as medication lists, health history, and immunization records. Also, an ideal patient engagement software is a combination of practice management software, customer relationship management (CRM) systems, medical billing software, marketing automation, and other features. Hence, such factors drive the market growth during the forecast period.

Stringent regulations on patient engagement solutions are a major challenge hindering the growth of the market during the forecast period. The Health Insurance Portability and Accountability Act (HIPAA) has laid down requirements for safeguarding patient data from unauthorized access and to adhere to these requirements, healthcare providers should sign a contract with patient engagement software vendors before working with them. Stringent regulations such as HIPAA limit the capabilities of modern patient portals, which results in patient portals failing to meet the criteria for efficient patient engagement. Hence, such factors are expected to hinder the growth of the global patient engagement solution market during the forecast period.

Key Trends

The increasing adoption of mobile technology for patient engagement is an emerging market trend that is influencing the growth of the market. Healthcare providers adopt new solutions in order to enhance workflows and boost patient engagement. Furthermore, health-tracking apps help track the behavioral and vital signs of patients, which can track parameters such as heart rate, calories burnt, and sleep period. The adoption of mobile patient engagement technology is increasing because smartphones provide consumers with instant access to services. Hence, such factors will support market growth during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. - View Sample Report

Company Profiles

The patient engagement solutions market report includes information on the product launches, sustainability, and prospects of leading vendors including Agilon health Inc., ALLSCRIPTS HEALTHCARE SOLUTIONS INC., Athenahealth Inc., CipherHealth, Computer Programs and Systems Inc., DrChrono Inc., eClinical Works LLC, Epic Systems Corp., GetWellNetwork Inc., International Business Machines Corp., Lincor Inc., Luma Health Inc., McKesson Corp., Medical Information Technology Inc., Medtronic Plc, Oneview Healthcare Plc, Oracle Corp., Solutionreach Inc., Sonifi Solutions Inc., and Tebra Technologies Inc.

Patient Engagement Solutions Market - Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others.

 Patient Engagement Solutions Market - Market Segmentation

This patient engagement solutions market report extensively covers market segmentation by delivery mode (on-premise solution, web, and cloud-based solution), end-user (providers, payers, and individual users), and geography (North America, Europe, Asia, and Rest of World (ROW)). 

• The market share growth by the on-premise solution segment will be significant for the overall market growth during the forecast period. These solutions require the purchase of licenses or a software copy, and the entire software solution is stored on the company premises. Thus, they are more secure and protected than cloud computing infrastructure. Furthermore, healthcare data is located within onsite servers and IT infrastructure. Moreover, when any system breaks down or becomes inoperable, the expenditure to fix it is very high. Hence, such factors fuel the segment growth during the forecast period.

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Delivery Mode
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (USD million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (USD million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global patient engagement technology market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global patient engagement technology market 2017 - 2021 (USD million)

• 4.2 Delivery Mode Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Delivery Mode Segment 2017 - 2021 (USD million)

• 4.3 End-user Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 (USD million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (USD million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (USD million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Delivery Mode

• 6.1 Market segments 
• Exhibit 30: Chart on Delivery Mode - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Delivery Mode - Market share 2022-2027 (%)

• 6.2 Comparison by Delivery Mode 
• Exhibit 32: Chart on Comparison by Delivery Mode
• Exhibit 33: Data Table on Comparison by Delivery Mode

• 6.3 On-premise solution - Market size and forecast 2022-2027 
• Exhibit 34: Chart on On-premise solution - Market size and forecast 2022-2027 (USD million)
• Exhibit 35: Data Table on On-premise solution - Market size and forecast 2022-2027 (USD million)
• Exhibit 36: Chart on On-premise solution - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on On-premise solution - Year-over-year growth 2022-2027 (%)

• 6.4 Web and cloud-based solution - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Web and cloud-based solution - Market size and forecast 2022-2027 (USD million)
• Exhibit 39: Data Table on Web and cloud-based solution - Market size and forecast 2022-2027 (USD million)
• Exhibit 40: Chart on Web and cloud-based solution - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Web and cloud-based solution - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Delivery Mode
• Exhibit 42: Market opportunity by Delivery Mode (USD million)
• Exhibit 43: Data Table on Market opportunity by Delivery Mode (USD million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 46: Chart on Comparison by End-user
• Exhibit 47: Data Table on Comparison by End-user

• 7.3 Providers - Market size and forecast 2022-2027
• Exhibit 48: Chart on Providers - Market size and forecast 2022-2027 (USD million)
• Exhibit 49: Data Table on Providers - Market size and forecast 2022-2027 (USD million)
• Exhibit 50: Chart on Providers - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Providers - Year-over-year growth 2022-2027 (%)

• 7.4 Payers - Market size and forecast 2022-2027
• Exhibit 52: Chart on Payers - Market size and forecast 2022-2027 (USD million)
• Exhibit 53: Data Table on Payers - Market size and forecast 2022-2027 (USD million)
• Exhibit 54: Chart on Payers - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Payers - Year-over-year growth 2022-2027 (%)

• 7.5 Individual users - Market size and forecast 2022-2027
• Exhibit 56: Chart on Individual users - Market size and forecast 2022-2027 (USD million)
• Exhibit 57: Data Table on Individual users - Market size and forecast 2022-2027 (USD million)
• Exhibit 58: Chart on Individual users - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Individual users - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by End-user 
• Exhibit 60: Market opportunity by End-user (USD million)
• Exhibit 61: Data Table on Market opportunity by End-user (USD million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 (USD million)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 (USD million)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 (USD million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 (USD million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 Asia - Market size and forecast 2022-2027
• Exhibit 75: Chart on Asia - Market size and forecast 2022-2027 (USD million)
• Exhibit 76: Data Table on Asia - Market size and forecast 2022-2027 (USD million)
• Exhibit 77: Chart on Asia - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 (USD million)
• Exhibit 80: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 (USD million)
• Exhibit 81: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 9.7 US - Market size and forecast 2022-2027
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 (USD million)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 (USD million)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.8 UK - Market size and forecast 2022-2027
• Exhibit 87: Chart on UK - Market size and forecast 2022-2027 (USD million)
• Exhibit 88: Data Table on UK - Market size and forecast 2022-2027 (USD million)
• Exhibit 89: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027
• Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 (USD million)
• Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 (USD million)
• Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 (USD million)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 (USD million)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 Canada - Market size and forecast 2022-2027
• Exhibit 99: Chart on Canada - Market size and forecast 2022-2027 (USD million)
• Exhibit 100: Data Table on Canada - Market size and forecast 2022-2027 (USD million)
• Exhibit 101: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.12 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography (USD million)
• Exhibit 104: Data Tables on Market opportunity by geography (USD million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 agilon health Inc. 
• Exhibit 111: agilon health Inc. - Overview
• Exhibit 112: agilon health Inc. - Product / Service
• Exhibit 113: agilon health Inc. - Key offerings

• 12.4 ALLSCRIPTS HEALTHCARE SOLUTIONS INC.
• Exhibit 114: ALLSCRIPTS HEALTHCARE SOLUTIONS INC. - Overview
• Exhibit 115: ALLSCRIPTS HEALTHCARE SOLUTIONS INC. - Business segments
• Exhibit 116: ALLSCRIPTS HEALTHCARE SOLUTIONS INC. - Key news
• Exhibit 117: ALLSCRIPTS HEALTHCARE SOLUTIONS INC. - Key offerings
• Exhibit 118: ALLSCRIPTS HEALTHCARE SOLUTIONS INC. - Segment focus

• 12.5 Athenahealth Inc. 
• Exhibit 119: Athenahealth Inc. - Overview
• Exhibit 120: Athenahealth Inc. - Product / Service
• Exhibit 121: Athenahealth Inc. - Key offerings

• 12.6 CipherHealth 
• Exhibit 122: CipherHealth - Overview
• Exhibit 123: CipherHealth - Product / Service
• Exhibit 124: CipherHealth - Key offerings

• 12.7 Computer Programs and Systems Inc.
• Exhibit 125: Computer Programs and Systems Inc. - Overview
• Exhibit 126: Computer Programs and Systems Inc. - Business segments
• Exhibit 127: Computer Programs and Systems Inc. - Key offerings
• Exhibit 128: Computer Programs and Systems Inc. - Segment focus

• 12.8 Epic Systems Corp. 
• Exhibit 129: Epic Systems Corp. - Overview
• Exhibit 130: Epic Systems Corp. - Product / Service
• Exhibit 131: Epic Systems Corp. - Key offerings

• 12.9 GetWellNetwork Inc. 
• Exhibit 132: GetWellNetwork Inc. - Overview
• Exhibit 133: GetWellNetwork Inc. - Product / Service
• Exhibit 134: GetWellNetwork Inc. - Key offerings

• 12.10 International Business Machines Corp.
• Exhibit 135: International Business Machines Corp. - Overview
• Exhibit 136: International Business Machines Corp. - Business segments
• Exhibit 137: International Business Machines Corp. - Key news
• Exhibit 138: International Business Machines Corp. - Key offerings
• Exhibit 139: International Business Machines Corp. - Segment focus

• 12.11 Luma Health Inc. 
• Exhibit 140: Luma Health Inc. - Overview
• Exhibit 141: Luma Health Inc. - Product / Service
• Exhibit 142: Luma Health Inc. - Key offerings

• 12.12 McKesson Corp. 
• Exhibit 143: McKesson Corp. - Overview
• Exhibit 144: McKesson Corp. - Business segments
• Exhibit 145: McKesson Corp. - Key offerings
• Exhibit 146: McKesson Corp. - Segment focus

• 12.13 Medtronic Plc 
• Exhibit 147: Medtronic Plc - Overview
• Exhibit 148: Medtronic Plc - Business segments
• Exhibit 149: Medtronic Plc - Key news
• Exhibit 150: Medtronic Plc - Key offerings
• Exhibit 151: Medtronic Plc - Segment focus

• 12.14 Oneview Healthcare Plc 
• Exhibit 152: Oneview Healthcare Plc - Overview
• Exhibit 153: Oneview Healthcare Plc - Product / Service
• Exhibit 154: Oneview Healthcare Plc - Key offerings

• 12.15 Oracle Corp. 
• Exhibit 155: Oracle Corp. - Overview
• Exhibit 156: Oracle Corp. - Business segments
• Exhibit 157: Oracle Corp. - Key news
• Exhibit 158: Oracle Corp. - Key offerings
• Exhibit 159: Oracle Corp. - Segment focus

• 12.16 Solutionreach Inc. 
• Exhibit 160: Solutionreach Inc. - Overview
• Exhibit 161: Solutionreach Inc. - Product / Service
• Exhibit 162: Solutionreach Inc. - Key offerings

• 12.17 Sonifi Solutions Inc. 
• Exhibit 163: Sonifi Solutions Inc. - Overview
• Exhibit 164: Sonifi Solutions Inc. - Product / Service
• Exhibit 165: Sonifi Solutions Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 166: Inclusions checklist
• Exhibit 167: Exclusions checklist

• 13.3 Currency conversion rates for USUSD
• Exhibit 168: Currency conversion rates for USUSD

• 13.4 Research methodology 
• Exhibit 169: Research methodology
• Exhibit 170: Validation techniques employed for market sizing
• Exhibit 171: Information sources

• 13.5 List of abbreviations 
• Exhibit 172: List of abbreviations

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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