What are the Historical Developments and Current Growth Metrics of the Patient Engagement Technology Market?
The patient engagement technology market has seen considerable growth due to a variety of factors.
• Over the past few years, the patient engagement technology market has seen robust growth. The market size will rise from $7.06 billion in 2024 to approximately $7.47 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.8%.
The historical growth has been propelled by factors like the establishment and execution of government rules and initiatives advocating for patient-centric care, a significant post-pandemic need for patient engagement solutions, the proliferation of mobile health apps, an increase in collaborations and partnerships within the healthcare sector, and an escalating use of telehealth services.
What Does Future Hold for The Patient Engagement Technology Market By 2029?
The patient engagement technology market is expected to maintain its strong growth trajectory in upcoming years.
• The market for patient engagement technology is predicted to undergo significant expansion in the coming years, reaching a value of $9.39 billion in 2029, with a compound annual growth rate (CAGR) of 5.9%.
The predicted surge over the forecast period is linked to factors such as a lack of skilled IT professionals, protection of patient data, advancements in technology, escalating demand for patient engagement solutions, along with the rising adoption of EHR and mHealth solutions. Important trends for the forecast period encompass a growing use of telehealth services, a transition towards patient-focused healthcare, an increase in collaborations and partnerships among healthcare stakeholders, as well as a rising number of chronic disease cases.
What Are The Primary Growth Drivers In The Patient Engagement Technology Market?
The escalating requirements for remote care are predicted to boost the expansion of the patient engagement technology market. The term remote care pertains to the increasing necessity and desire for healthcare services deliverable from a distance, negating the need for in-person visits to medical establishments. The convenience and increased accessibility offered by remote care facilitates patient engagement, as people are more likely to be actively involved in their health management when it is readily available. For example, a survey conducted by Rock Health, a healthcare firm based in the United States, in February 2023, revealed that 80% of all participants utilized telemedicine at some juncture, an increase of eight individuals from 72% in 2021. Moreover, the reported telemedicine usage accounted for 82%, marking a 9-person surge in 2021. Consequently, the burgeoning demands for remote care are propelling the growth of the patient engagement technology market.
What Is The Segmentation Of The Global Patient Engagement Technology Market?
The patient engagement technology market covered in this report is segmented –
1) By Type: Hardware, Software, Services
2) By Delivery Mode: Web-Based And Cloud-Based, On-Premise
3) By Application: Health Management, Social Management, Home Healthcare Management, Financial Health Management
4) By End User: Providers, Payers, Patients
Subsegments:
1) By Hardware: Patient Kiosks, Wearable Devices, Tablets And Mobile Devices, Telehealth Equipment
2) By Software: Patient Portal Software, Mobile Health Applications, Communication And Messaging Platforms, Telemedicine Software, Analytics Tools
3) By Services: Consulting Services, Implementation Services, Training And Support Services, Engagement Strategy Development
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Which Emerging Market Trends Are Altering The Patient Engagement Technology Industry?
Leading firms in the patient engagement technology market are introducing novel technologies like ZAIDYN connected health to amplify their market profitability. This AI-driven platform, ZAIDYN Connected Health, is engineered to support pharmaceutical companies, healthcare providers, and insurance companies to innovate within the healthcare sector. For instance, in October 2023, ZS Associates, a consultancy firm based in the U.S., unveiled the ZAIDYN-connected health technology to ensure patient medication adherence, oversee chronic diseases, and prompt early intervention during complications. This technology aids in remote patient monitoring by tracking their health information. The suite of technologies is instrumental to stakeholders in the healthcare industry in recognizing treatment voids and unmet patient needs.
Who Are the Key Players In The Patient Engagement Technology Market?
Major companies operating in the patient engagement technology market are:
• Mckesson Corporation
• Johnson and Johnson
• The International Business Machines Corporation
• Oracle Corporation
• Medtronic Plc
• Northwell Health
• IQVIA
• Cerner Corporation
• Epic Systems Corporation
• Palantir Technologies
• Athenahealth Inc
• eClinical Works LLC
• Allscripts Healthcare Solutions Inc.
• Computer Programs and Systems Inc.
• Medical Information Technology Inc.
• Medecision Inc.
• PATIENTPOINT LLC
• MEDHOST
• Orion Health Limited
• GetWellNetwork Inc.
• HealthHub Patient Engagement Solutions
• DrChrono Inc.
• Luma Health Inc.
• Lincor Solutions Ltd.
• CipherHealth Inc.
• Phytel Inc.
• Oneview Healthcare Plc
• SONIFI Health Incorporated.
• Get Real Health
• WelVU Inc.
• Yourcareuniverse Inc.
What Are The Regional Insights Into The Patient Engagement Technology Market?
North America was the largest region in the patent engagement technology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the patient engagement technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
