Global Patient Engagement Solutions Market Report 2022 to 2030

Global Patient Engagement Solutions Market Analysis

$ 3999

The Global patient engagement solutions market is projected to grow from $17.01 Bn in 2022 to $42.72 Bn by 2030, registering a CAGR of 12.2% during the forecast period of 2022 - 2030. The main factors driving the growth would be the implementation of government locations and initiatives to promote patient-centric care. The market is segmented by component, delivery mode, application, therapeutic area, functionality and by end-user. Some of the major players include Allscripts Healthcare, Orion Health, Cerner Corporation, McKesson, Athenahealth, IBM, Medecision, GetWellNetwork, Medhost, and Lincor.

ID: IN10GLHS015 CATEGORY: Healthcare Services GEOGRAPHY: Global AUTHOR: Neha Davda

Buy Now

Global Patient Engagement Solutions Market Executive Summary

North America held the greatest revenue share of approximately 35.0% in 2021 owning to the presence of prominent players, increased mHealth and EHR adoption, and growing investment in patient engagement software by the main corporations. Additionally, it is anticipated that rising awareness levels and government spending in the healthcare industry will speed up growth. As a result of publicly supported institutions like the National Health Services (NHS) in the UK, Europe had the second-largest proportion in 2021.

Future years are probably going to see a tremendous expansion of the Asia Pacific market. Developing nations like India and China, which have a sizable patient population, a rising number of internet and smartphone users, increased healthcare infrastructure and care quality, and the presence of local players, are supporting the growth of this region.

Global Patient Engagement Solutions Market

Market Dynamics

Market Growth Drivers

The Global patient engagement solutions market is expected to be driven by factors such as the implementation of government locations and initiatives to promote patient-centric care. The CARES Act, a $2 Mn emergency stimulus package for coronavirus, was signed by the US president in march 2020. The statute increases coverage for COVID-19-related treatment and services. The CARES Act gives Medicare more freedom to reimburse for telehealth services. Policies or initiatives like this are anticipated to boost the demand for and uptake of patient engagement solutions in key international markets.

Market Restraints

The integration of expensive healthcare infrastructure and systems with patient solutions will present firms with a number of financial challenges. In addition, changes must be made to their current system, which was created only to satisfy present needs. As a result, it will hinder the market from growing.

Competitive Landscape

Key Players

Allscripts Healthcare
Orion Health
Cerner Corporation
McKesson
Athenahealth
IBM
Medecision
GetWellNetwork
Medhost
Lincor

Healthcare Policies and Regulatory Landscape

The global market for patient engagement solutions is governed by a number of regionally specific healthcare regulations. Government organisations like the Food and Drug Administration (FDA), which is in charge of regulating the security and efficacy of medical equipment and software programmes used in patient engagement solutions, have a significant impact on the regulation of the healthcare sector in the United States. The security and privacy of patient health information are also governed under the Health Insurance Portability and Accountability Act (HIPAA).

The General Data Protection Regulation (GDPR) in Europe regulates the gathering, use, and archiving of personal data, including health data. The European Medicines Agency (EMA) also controls the software programs and medical devices used in patient engagement solutions.

Asia has its own regulatory agencies that supervise the healthcare sector, including those in China, Japan, and India. For instance, the National Medical Products Administration (NMPA) in China is in charge of approving and registering the software programs and medical devices utilised in patient engagement solutions.

Reimbursement Scenario

Many geographies and healthcare systems have varied patient engagement solution reimbursement policies. The Centers for Medicare and Medicaid Services (CMS), which is in charge of managing government-funded healthcare programmes including Medicare and Medicaid, is the main force behind patient engagement solution reimbursement in the US. The Chronic Care Management (CCM) program, which pays healthcare providers for delivering care coordination services to Medicare beneficiaries with multiple chronic diseases, is one of the compensation policies for patient engagement solutions that CMS has put into place.

In Europe, national health systems and insurance providers often set reimbursement guidelines for patient engagement solutions. Programs have been formed in several nations, like the UK, to facilitate the use of patient engagement solutions in primary care settings. However, based on the particular system and the solution utilised, the amount of compensation for these solutions may change.

In Asia, national health systems and insurance companies also set the terms of patient engagement solution reimbursement. In nations like Japan, the national health insurance system frequently provides compensation for medical gadgets and software programs utilised in patient engagement solutions.

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Patient Engagement Solutions Market Segmentation

By component (Revenue, USD Billion):

Hardware
Software
Standalone Software
Integrated Software
Services

By Delivery Mode (Revenue, USD Billion):

PREMISE Mode
CLOUD-BASED Mode

By Application (Revenue, USD Billion):

Health Management
Home Health Management
Social
Financial Health Management

By Therapeutic area (Revenue, USD Billion):

Chronic Diseases
Cardiovascular Diseases (CVD)
Diabetes
Obesity
Other chronic Diseases
Women's Health
Fitness
Other Therapeutic Areas

By Functionality (Revenue, USD Billion):

E-Prescribing
Virtual Consultation
Patient/Client Scheduling
Document Management

By End-user (Revenue, USD Billion):

Providers
Payers
Patients
Other End users

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.