The global patient engagement platforms market is positioned for unprecedented expansion, with projections indicating a significant increase from US$ 16.6 billion in 2021 to an impressive US$ 93.4 billion by 2032. This growth, driven by a robust compound annual growth rate (CAGR) of 17%, underscores the escalating demand for digital health solutions that enhance patient care and communication.
Patient engagement platforms are revolutionizing the healthcare landscape by fostering better collaboration between patients and providers. These platforms leverage cutting-edge technology to offer personalized health management tools, remote monitoring capabilities, and seamless communication channels. As healthcare systems worldwide embrace digital transformation, patient engagement platforms have emerged as critical enablers of improved outcomes and operational efficiency.
The remarkable growth trajectory of this market reflects the increasing adoption of telehealth, wearable devices, and mobile health applications. With healthcare providers focusing on patient-centered care, these platforms are playing an integral role in meeting the rising demand for accessible, scalable, and user-friendly solutions. Additionally, government initiatives and investments in healthcare IT infrastructure further bolster the adoption of these transformative platforms.
Get Full Report Now – https://www.futuremarketinsights.com/reports/patient-engagement-platforms-market
Key Takeaways:
- The global patient engagement platforms market is projected to grow at an impressive CAGR of 17%, surging from US$ 16.6 billion in 2021 to US$ 93.4 billion by 2032.
- Digital transformation in healthcare and rising demand for patient-centered solutions are key drivers of market growth.
- Enhanced capabilities like remote monitoring, personalized care, and telehealth integration fuel the adoption of these platforms.
- Government support and investments in healthcare IT infrastructure accelerate the market’s expansion.
Market Drivers
- Impact of the COVID-19 Pandemic: The pandemic accelerated the adoption of digital health solutions, enhancing the demand for patient engagement platforms as healthcare providers sought to maintain consultations and treatments remotely.
- Technological Advancements: Ongoing innovations in mobile health applications, telehealth services, and electronic health records (EHR) are facilitating better patient-provider communication and engagement.
- Growing Emphasis on Patient-Centric Care: There is an increasing focus on personalized healthcare solutions, which drives the need for platforms that enhance patient involvement in their own care processes.
- Rising Healthcare Costs: As healthcare costs continue to rise, there is a growing need for solutions that improve efficiency and reduce unnecessary expenditures through better patient management.
- Increased Investment in Digital Health Solutions: Significant investments by healthcare organizations in digital technologies are expected to further propel the growth of patient engagement platforms.
Regional Insights
- North America is anticipated to hold the largest market share due to its advanced healthcare infrastructure and rapid adoption of digital health technologies.
- The Asia-Pacific region is expected to exhibit the highest growth potential, driven by increasing healthcare investments and a growing emphasis on improving patient engagement.
Challenges
- Fragmented Market Landscape: The presence of numerous small and large players can lead to intense competition, impacting pricing strategies and market dynamics.
- Regulatory Hurdles: Navigating complex regulations related to data privacy and security can pose challenges for companies operating in this space.
What are the Various Competition going on in the Patient Engagement Platforms Market?
The global market for patient engagement platforms is severely fragmented by the presence of a number of solution-providing companies that range widely in size.
The major players are well equipped with the most advanced technology and software products that provide them an edge over the local players.
The main strategy adopted by these players to capture the digital patient engagement platforms market is to collaborate and partner with renowned healthcare service providers already well-established in the
What are the Most Recent Developments Adopted by the Market Players Influencing the Global Patient Engagement Platforms Market?
- Press Ganey Company of the USA partnered with another USA global network company of healthcare professionals and experienced doctors by the name of the Beryl Institute in 2021. This partnership is expected to increase the focus of Press Ganey in accelerating its healthcare engagement platforms for its patients and advancing the healthcare experience movement ahead.
- Two companies in the USA named Vocera and Amazon collaborated in 2021 to build a product for the Alexa assistant devices named Vocera skill tool. This collaboration will expand Vocera’s pharma patient engagement platforms ecosystem by providing hands-free and voice experiences for aged patients and families.
- SONIFI Health and Cipher Health of the USA entered into a partnership in 2021 to offer a more holistic approach to patient communications via mobile patient engagement platforms. Both solution providers are focusing to leverage their key capabilities of providing successful care planning for their customers worldwide.
Key Players
- Allscripts Healthcare Solutions
- Orion Health Ltd.
- McKesson Corporation
- Cerner Corporation
- GetwellNetwork Inc.
- Phytel Inc.
- Medecision Inc.
- Lincor Solutions Ltd.
- YourCareUniverse Inc.
- Athenahealth Inc.
Key Segments
By Component:
- Technology
- Patient Rounding
- Patient Experience Survey
- Consulting Services
By Facility Type:
- Acute Care Facility
- Acute Hospitals
- Children’s Hospitals
- Academic Medical Centre
- Military Treatment Facility
- Ambulatory Surgery Centre
- Post Acute Care Facility
- Long-Term Acute Facility
- Skilled Nursing Facility
- Other
- Non-Acute Care Facility
- Physicians Office
- Clinics
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
Explore FMI’s Related Ongoing Coverage on Healthcare Market Insights Domain:
Medical Waste Management System Market
Liver Transplantation Market
Minimally Invasive Neurosurgery Devices Market
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube