Technology market

Global Patient Engagement Technology Market Report 2022:

Dublin, Aug. 11, 2022 (GLOBE NEWSWIRE) — The “Patient Engagement Technology Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Component, Therapeutic Area, Delivery Mode, Application and End User” report has been added to from ResearchAndMarkets.com offer.

The patient engagement technology market is expected to grow from US$21,354.38 million in 2022 to US$59,003.21 million by 2028; it is estimated to grow at a CAGR of 18.5% from 2022 to 2028.

Rising prevalence of chronic diseases such as cardiovascular disorders, diabetes, and obesity, increasing number of government initiatives, and growing number of start-ups are likely to fuel the growth of the patient engagement market.

Technology increases the quality of service and guarantees security. Wireless technologies have been built around hospital environments through which patients and healthcare providers can manage personalized data. According to a white paper published by UbiCare, the use of the patient engagement system reduces [length of stay (LOS)] 25% per day for hip replacement patients and 13% for knee replacement patients.

Empowering patients through improved health literacy, timely scheduling of appointments with physicians/caregivers, increased adherence to recommended medical treatments, and increased interaction with providers via Online tools are benefits of patient engagement technology solutions. These solutions are adopted based on the level of patient empowerment they provide. When patients access their medical records and track their progress, they become more engaged in their care. Thus, the benefits associated with the patient engagement system are driving the growth of the patient engagement technology market.

The COVID-19 pandemic has accelerated the rise of digital health, a broad concept that includes telemedicine and teleconsultation solutions, connected devices, digital health platforms and health apps. The concept covers the analysis of related health data and components of big data-based systems, such as epidemiological research and AI-based diagnostic support. Digital technologies for digital healthcare delivery are becoming essential during the ongoing COVID-19 pandemic. They are used for online medical consultations at home to increase the efficiency of diagnosis and treatment of patients through telemedicine.

Based on therapeutic area, the patient engagement technology market is segmented into fitness, chronic disease, women’s health, and others. The chronic disease segment held the largest market share in 2022; however, the fitness segment is expected to register the highest CAGR in the market during the forecast period.

Based on delivery mode, the patient engagement technology market is divided into cloud and on-premises. The cloud-based segment held the largest market share in 2022, and it is expected to register the highest CAGR in the market during the forecast period.

Based on application, the patient engagement technology market is segmented into health management, financial health management, home health management, and others. The healthcare management segment held the largest market share in 2022, and it is expected to register the highest CAGR in the market during the forecast period.

Based on end-user, the patient engagement technology market is segmented into patients, payers, providers, and others. The provider segment held the largest market share in 2022, however, the payer segment is expected to register the highest CAGR in the market during the forecast period.

Market dynamics
Key Market Drivers

  • Growing adoption of patient-centric engagement solutions
  • Positive government initiatives on the rise
  • Growing number of start-ups

Market constraints

  • Shortage of qualified computer technicians
  • Risk of cyber threats

Market opportunities

  • Increase in the use of smartphones,

Future trends

  • Strategic Developments by Market Players

Main topics covered:

1. Introduction

2. Patient Engagement Technology Market – Key Takeaways

3. Research methodology

4. Patient Engagement Technology Market – Market Landscape

5. Patient Engagement Technology Market – Key Market Dynamics

6. Patient Engagement Technology Market – Global Analysis

7. Patient Engagement Technology Market Analysis – By Component

8. Patient Engagement Technology Market Analysis – By Therapeutic Area

9. Patient Engagement Technology Market Analysis – By Delivery Mode

10. Patient Engagement Technology Market Analysis – By Application

11. Patient Engagement Technology Market – By End User

12. Global Patient Engagement Technology Market – Geographical Analysis

13. Impact of the COVID-19 pandemic on the patient engagement technology market

14. Patient Engagement Technology Market – Industry Landscape

15. Business Profiles

Companies cited

  • Allscripts Healthcare, LLC
  • athenahealth, Inc.
  • GetWellNetwork, Inc.
  • AdvancedMD, Inc.
  • Cerner Company
  • Epic Systems Corporation
  • Orion Health group of companies.
  • McKesson Corporation
  • Lincor, Inc.
  • Medicision

For more information on this report, visit https://www.researchandmarkets.com/r/q6mb41