Patient engagement is a partnership between a patient and their healthcare provider team where both sides share information and search for the best treatment options. It is opposed to the conventional rigid system where the doctor prescribes one treatment course, and the patient feels free to either accept or ignore it instead of attempting to discuss other options. In addition, using technology, doctors can reach their patients anytime and anywhere, foresee and mitigate deterioration in conditions of patients, and provide helpful information at the right time. These goals can be achieved with the help of patient engagement software - an application or a set of interconnected systems designed to facilitate communication between patients and healthcare providers, offer educational resources, and otherwise manage the patient-doctor relationship.
Growth in emphasis on automation trends across regions is one of the major driving factors for the patient engagement solution market. It provides many beneficial aspects such as registering new patients and managing their medical history online, scheduling and rescheduling appointments, and others. It also offers to send automatic appointment reminders either via text or voice messages. Thus, there is a growth in demand for real-time identification, monitoring, and response capabilities provided by patient engagement solutions. These factors are further expected to propel the growth of the global patient engagement solution market.
Furthermore, the market is profoundly influenced by considerable expenses related to patient engagement solutions and services. Primarily, these expenses can serve as a deterrent for smaller and medium-sized enterprises (SMEs) with constrained budgets. SMEs may perceive patient engagement solutions as a financial burden, leading to insufficient investment in healthcare measures. In addition, even larger organizations may exhibit hesitation in allocating substantial resources to patient engagement solutions, particularly when faced with competing budgetary demands.
The notable factors positively affecting the patient engagement solutions market include rise in awareness regarding mobile health among people and growing emphasis on electronic health record (HER) reports. However, extensive investments required for healthcare infrastructure and high complexity associated with the integration of advanced solutions with existing healthcare infrastructure components often hinder market growth. However, rise in significance of cloud computing technologies to deliver remote patient monitoring and assistance services offers lucrative market opportunities for the market players.
The patient engagement solution market is segmented on the basis of component, deployment mode, functionality, end user, and region. On the basis of component, the market is segmented into hardware, software, and service. On the basis of deployment mode, the market is bifurcated into on-premise and cloud. On the basis of functionality, the market is segmented into communication, health tracking and insight, billing and payments, administrative, and others. On the basis of end user, the market is segmented into providers, payers and patients. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the global patient engagement solutions market. This report further outlines the current trends and key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key market players to increase their market share and sustain intense competition in the industry. The key players operating in the market include Aetna Inc., Allscripts Healthcare Solutions, Inc. (Veradigm LLC), Athenahealth, Oracle Corporation, EPIC Systems Corporation, GetWellNetwork, Inc., IBM Corporation, IQVIA Inc., Lumeon Inc. and McKesson Corporation.
Growth in emphasis on automation trends across regions is one of the major driving factors for the patient engagement solution market. It provides many beneficial aspects such as registering new patients and managing their medical history online, scheduling and rescheduling appointments, and others. It also offers to send automatic appointment reminders either via text or voice messages. Thus, there is a growth in demand for real-time identification, monitoring, and response capabilities provided by patient engagement solutions. These factors are further expected to propel the growth of the global patient engagement solution market.
Furthermore, the market is profoundly influenced by considerable expenses related to patient engagement solutions and services. Primarily, these expenses can serve as a deterrent for smaller and medium-sized enterprises (SMEs) with constrained budgets. SMEs may perceive patient engagement solutions as a financial burden, leading to insufficient investment in healthcare measures. In addition, even larger organizations may exhibit hesitation in allocating substantial resources to patient engagement solutions, particularly when faced with competing budgetary demands.
The notable factors positively affecting the patient engagement solutions market include rise in awareness regarding mobile health among people and growing emphasis on electronic health record (HER) reports. However, extensive investments required for healthcare infrastructure and high complexity associated with the integration of advanced solutions with existing healthcare infrastructure components often hinder market growth. However, rise in significance of cloud computing technologies to deliver remote patient monitoring and assistance services offers lucrative market opportunities for the market players.
The patient engagement solution market is segmented on the basis of component, deployment mode, functionality, end user, and region. On the basis of component, the market is segmented into hardware, software, and service. On the basis of deployment mode, the market is bifurcated into on-premise and cloud. On the basis of functionality, the market is segmented into communication, health tracking and insight, billing and payments, administrative, and others. On the basis of end user, the market is segmented into providers, payers and patients. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the global patient engagement solutions market. This report further outlines the current trends and key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key market players to increase their market share and sustain intense competition in the industry. The key players operating in the market include Aetna Inc., Allscripts Healthcare Solutions, Inc. (Veradigm LLC), Athenahealth, Oracle Corporation, EPIC Systems Corporation, GetWellNetwork, Inc., IBM Corporation, IQVIA Inc., Lumeon Inc. and McKesson Corporation.
Key Benefits For Stakeholders
- The study provides an in-depth analysis of the patient engagement solutions market forecast along with the current and future trends to explain the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on patient engagement solutions market trends is provided in the report.
- The Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the patient engagement solutions market from 2022 to 2032 is provided to determine the market potential.
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Key Market Segments
By End User
- Providers
- Payers
- Patients
By Component
- Hardware
- Software
- Services
By Deployment Mode
- On-premise
- Cloud
By Functionality
- Communication
- Health Tracking and Insights
- Biling and Payments
- Administrative
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Aetna Inc.
- Athenahealth
- EPIC Systems Corporation
- IBM Corporation
- IQVIA Inc.
- Lumeon Inc.
- Allscripts Healthcare Solutions, Inc. (Veradigm LLC)
- Oracle Corporation
- GetWellNetwork, Inc.
- McKesson Corporation.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PATIENT ENGAGEMENT SOLUTIONS MARKET, BY COMPONENT
CHAPTER 5: PATIENT ENGAGEMENT SOLUTIONS MARKET, BY DEPLOYMENT MODE
CHAPTER 6: PATIENT ENGAGEMENT SOLUTIONS MARKET, BY FUNCTIONALITY
CHAPTER 7: PATIENT ENGAGEMENT SOLUTIONS MARKET, BY END USER
CHAPTER 8: PATIENT ENGAGEMENT SOLUTIONS MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- Aetna Inc.
- Athenahealth
- EPIC Systems Corporation
- IBM Corporation
- IQVIA Inc.
- Lumeon Inc.
- Allscripts Healthcare Solutions, Inc. (Veradigm LLC)
- Oracle Corporation
- GetWellNetwork, Inc.
- McKesson Corporation.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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