Patient engagement solutions are becoming integral to the healthcare system, enabling patients, clinicians, and other stakeholders to collaborate effectively to enhance healthcare outcomes. In 2024, the market for patient engagement solutions is valued at $21.12 billion and is projected to reach $51.15 billion by 2031, growing at a compound annual growth rate (CAGR) of 13.50%. These solutions provide patients with real-time access to their health records, dosages, and medications, allowing them to manage their healthcare alongside their consultants. The software’s benefits include cost-effective healthcare, improved patient outreach, fewer complications, reduced hospital readmission rates, shorter hospital stays, and enhanced healthcare quality. However, patient engagement strategies require further development to motivate increased patient participation in education.
The global market for patient engagement solutions is driven by several factors, including rising government spending on healthcare and prescription drugs, increased smartphone usage in healthcare, and growing investments and alliances among stakeholders. Additionally, the aging population and the prevalence of chronic diseases are prompting the creation of these solutions worldwide. Government regulations and initiatives focused on patient-centric care are expected to further fuel market growth. Governments globally are implementing policies and programs to encourage the adoption of patient engagement technologies. The increasing use of cloud-based systems in healthcare facilities and advancements in wearable health technology and other innovations are also creating new opportunities for market expansion. The shift towards value-based healthcare programs, which lead to better health outcomes, lower healthcare costs, and higher patient satisfaction, is anticipated to support market growth.
Market Dynamics in the U.S.
The U.S. is a key market for patient engagement solutions within North America, with significant developments driven by government initiatives promoting patient-centric care. These initiatives enhance the flexibility for Medicare to protect telehealth services and authorize home health services by various healthcare professionals. Additionally, Medicare payments for hospitals and medical equipment have increased, further supporting market growth.
In terms of deployment, the market is divided into on-premise and cloud segments. On-premise solutions hold a major share of the market due to the secure management of information within the premises and the organization’s infrastructure handling software installation and use. This deployment model is expected to maintain its position over the forecast period.
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The global market for patient engagement solutions is driven by several factors, including rising government spending on healthcare and prescription drugs, increased smartphone usage in healthcare, and growing investments and alliances among stakeholders. Additionally, the aging population and the prevalence of chronic diseases are prompting the creation of these solutions worldwide. Government regulations and initiatives focused on patient-centric care are expected to further fuel market growth. Governments globally are implementing policies and programs to encourage the adoption of patient engagement technologies. The increasing use of cloud-based systems in healthcare facilities and advancements in wearable health technology and other innovations are also creating new opportunities for market expansion. The shift towards value-based healthcare programs, which lead to better health outcomes, lower healthcare costs, and higher patient satisfaction, is anticipated to support market growth.
Regional Market Insights
North America holds a leading position in the global patient engagement solution market, with significant demand expected to continue throughout the forecast period. The European market is also notable, with a substantial share of the global market. These regions are likely to maintain their dominance due to advanced healthcare infrastructure and supportive government policies.Growth Restraints
The growth of the patient engagement solution market faces certain restraints. One major challenge is the high investment required for implementing these solutions. Organizations need to invest in proprietary systems and infrastructure, which can be costly. Furthermore, existing systems must be modified to accommodate new technologies, particularly cloud-based patient engagement solutions. This is especially true for hospitals that already function as hubs connecting multiple physician labs and clinics. The transition to new systems may require significant changes to the current IT architecture, posing another obstacle.Recent Developments
Recent developments in the market include several strategic agreements and technological upgrades. For example, Allied Digestive Health (ADH) selected Athenahealth's cloud-based healthcare payment and patient engagement solutions to enhance patient relations and revenue cycle management. Another example is Happydemic, which upgraded its cloud Analysis with the implementation of SAP Business by Design, a comprehensive cloud enterprise resource planning (ERP) system.Market Dynamics in the U.S.
The U.S. is a key market for patient engagement solutions within North America, with significant developments driven by government initiatives promoting patient-centric care. These initiatives enhance the flexibility for Medicare to protect telehealth services and authorize home health services by various healthcare professionals. Additionally, Medicare payments for hospitals and medical equipment have increased, further supporting market growth.
Opportunities in Japan
The patient engagement solution market in Japan offers substantial growth opportunities, driven by technological advancements in healthcare and supportive government initiatives. The country's rising expenditure on healthcare facilities and the presence of skilled IT experts also contribute to market expansion. Innovations in artificial intelligence (AI), the Internet of Things (IoT), and other technologies are expected to boost the adoption of patient engagement solutions in Japan.Europe's Market Analysis
In Europe, the adoption of home healthcare management services is particularly notable in Germany. Advanced patient engagement solutions enable patients to manage appointments, pay bills online, and communicate with healthcare providers from the comfort of their homes. This growing adoption is expected to drive market growth in Germany and other parts of Europe.Category-wise Insights
The patient engagement solution market is segmented into software and services. The software segment includes integrated patient software and standalone software, with the latter accounting for a significant share of the market. Standalone software’s seamless integration with electronic medical records provides users with real-time clinical intelligence, making it suitable for both clinicians and patients.In terms of deployment, the market is divided into on-premise and cloud segments. On-premise solutions hold a major share of the market due to the secure management of information within the premises and the organization’s infrastructure handling software installation and use. This deployment model is expected to maintain its position over the forecast period.
Competitive Analysis
Leading companies in the patient engagement solution market are engaging in collaborations and partnerships to enhance their offerings. For instance, McKesson announced a strategic agreement with Merck to leverage real-world evidence for improving patient outcomes and developing cancer treatments. Similarly, Humana collaborated with IBM to deploy IBM Watson Assistant for Health Benefits, an AI-enabled virtual agent that enhances member experience by providing clarity and transparency on benefits and related matters.Key Companies Profiled
The patient engagement solution market includes several prominent players, such as:
- Allscripts Healthcare Solutions
- McKesson Corporation
- Cerner Corporation
- Phytel Inc
- Medecision Inc
- Athenahealth, Inc.
- Novartis
- Roche Holding AG
- Bayer
- GlaxoSmithKline
- IQVIA
Key Segments of Patient Engagement Solution Market Industry Research
By Solution:
- Software
- Integrated Patient Software
- Standalone Software
- Scheduling Software
- Billing Software
- Secure Messaging Software
- Others
- Services
- Implementation and Integration
- Consulting
- Support & Maintenance
By Deployment:
- Cloud
- On Premise
By Application:
- Health Management
- Social Management
- Home Healthcare Management
- Financial Health Management
- Others
By End User:
- Patients
- Payers
- Healthcare Providers
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- Middle East and Africa
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Table of Contents
1. Executive Summary
2. Market Overview
3. Global Patient Engagement Solution Market Outlook, 2019-2031
4. North America Patient Engagement Solution Market Outlook, 2019-2031
5. Europe Patient Engagement Solution Market Outlook, 2019-2031
6. Asia Pacific Patient Engagement Solution Market Outlook, 2019-2031
7. Latin America Patient Engagement Solution Market Outlook, 2019-2031
8. Middle East & Africa Patient Engagement Solution Market Outlook, 2019-2031
9. Competitive Landscape
10. Appendix
Companies Mentioned
- Allscripts Healthcare Solutions
- Mckesson Corporation
- Cerner Corporation
- Phytel Inc
- Medecision Inc
- Athenahealth Inc
- Novartis
- Roche Holding AG
- Bayer
- GlaxoSmithkline
- IQVIA
Methodology
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