Patient Engagement Solutions Market Is Expected To Generate A Revenue Of USD 1693.3 million By 2028

The latest market report published by Credence Research, Inc., "Global Patient Engagement Solutions Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Patient Engagement Solutions Market generated revenue of around USD 19.2 billion in 2021 and is anticipated to grow a CAGR of over 17.2% during the forecast period from 2022 to 2028 to reach around USD 49.8 billion in 2028.
The use of patient engagement solutions has increased dramatically worldwide due to factors including the burden of chronic diseases and the aging population. For instance, the ADA (American Diabetes Association) 2020 anticipates that 1.5 million new cases of diabetes are experienced each year in the United States. Companies are concentrating on developing patient-centric engagement solutions in response to the rising number of diabetic patients. For instance, Roche launched a digital platform to customize diabetes therapy in Thailand in December 2020. There are 4.3 million diabetics in Thailand, of whom half have their diabetes evaluated; of those evaluated and receiving treatment, only a third are meeting their treatment goals.
The is bifurcated into Delivery Type, Component, Application, Functionality, Therapeutic Area, End-User, and Geography. Based on delivery type, the market is categorized into web & cloud-based and on-premise. Based on components, the market is categorized into software & hardware, standalone, integrated, hardware, services, consulting, implementation & training, support & maintenance, and others. Based on functionality, the market is categorized into communication, health tracking & insights, billing & payments, administration, patient education, and others. The market is categorized as web & cloud-based and on-premise based on delivery type. Based on therapeutic areas, the market is categorized into health & wellness, chronic disease management, and others. On the basis of application, the global market is segmented into population health management, outpatient health management, in-patient health management, and others. Based on end-user, the market is categorized into payers, providers, and others. The market is segmented based on geography: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Due to the presence of key enterprises, increased mHealth and EHR adoption, and big corporations' rising investments in patient engagement software, North America held the largest revenue share of nearly 35.0% in 2021. Additionally, it is anticipated that rising public awareness and government investment will speed the sector's expansion. Because of publicly supported organizations like the National Health Services (NHS) in the U.K., Europe had the second-largest proportion in 2021. For instance, the NHS started allowing access to EHRs for patients in 2018 to do away with paper by 2020.
There are a few major players that come to mind. These companies provide a variety of products and services that can help improve the experience of patients and their caregivers. Some of the more well-known players include IBM, Oracle, and CA Technologies.
IBM has been around for over 100 years and is known for its data processing and business software products. Oracle is another long-standing player in the industry and provides a range of database management systems (DBMSs). CA Technologies is one of the leading providers of enterprise IT services and specializes in helping businesses manage their information technology (IT) infrastructure.
Each company has its own strengths and weaknesses. For example, IBM is well-known for its technical expertise, while Oracle has a strong reputation for developing reliable DBMSs. CA Technologies is good at providing comprehensive IT management services, but may not have as much expertise when it comes to specific technologies.
Why Buy This Report-
· The report provides a qualitative and quantitative analysis of the global patient engagement solutions market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
· The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level.
· In-depth analysis of the global patient engagement solutions market segmentation based on delivery type, component, application, functionality, therapeutic area, and end-user.
· Major countries in each region with their import/export statistics
· The global patient engagement solutions market report also includes analyzing the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.
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