Latest News- Patient Engagement Technology Market: On-premise solution is expected to lead the Delivery Mode segment during 2025-2029

The Patient Engagement Technology Market is being driven by Increasing cases of chronic diseases

The Patient Engagement Technology Market is expected to grow at a CAGR of 21.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 47061.6 million. In today's digital age, healthcare systems are leveraging advanced technologies such as artificial intelligence (AI) and cloud computing to enhance patient engagement and improve overall healthcare delivery. Digitization offers numerous benefits, including streamlined doctor-patient communication, coordination between multiple physicians, real-time access to health information, and robust data security. The healthcare and diagnostics industry has experienced significant transformation through digitization, with applications in genomic research, big data analysis, organ-on-chips, genetic engineering, telemedicine, and 3D bioprinting. To maximize the potential of these innovations, it is crucial for healthcare providers to foster an informed and engaged patient base. By promoting healthcare awareness and education, healthcare systems can foster better health outcomes and ultimately contribute to a more effective and efficient healthcare ecosystem. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Delivery Mode

  • On-premise solution
  • Web and cloud-based solution

• End-user

  • Providers
  • Payers
  • Individual users

• Component

  • Software
  • Service
  • Others

• Therapy Area

  • Chronic diseases
  • Fitness
  • Women health
  • Mental health
  • Others

• Application

  • Social management
  • Home healthcare management
  • Financial health management
  • Others

• Geography

  • North America

    • Canada
    • US

  • Europe

    • Germany
    • UK
    • France

  • Asia

    • China
    • India
    • Japan

  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing cases of chronic diseases
• Advanced benefits of patient engagement solutions
• Favorable government initiatives by adopting IT in healthcare services

However, the market also witnesses some limitations, which are as follows:

• Stringent regulations on patient engagement solutions
• Data breach, security, and transparency issues
• Lack of access to quality healthcare in underdeveloped regions

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Market Scope in Patient Engagement Technology Market Research Report

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Research Analysis Overview

The Patient Engagement Technology Market encompasses various stakeholders, including Payers, Providers, and Individual Users. It caters to diverse health needs such as Chronic Diseases, Fitness, Women's Health, and Mental Health. Technologies like Virtual Consultations, Clinical Trials, Healthcare Apps, and Wearable Devices are integral. AI Technologies, Preventive Care, and Cloud-based or On-Premise Solutions are offered as Software and Hardware, accessible via mobile devices and wearables, patient portals, and mobile applications, with an assessment timeline for effective healthcare consumerism.

Market Research Overview

The Patient Engagement Technology Market encompasses the income generated from the sale of healthcare applications, IT systems, monitoring devices connected via the internet, telehealth technologies, digital health solutions, and IT consulting services to healthcare providers, payers, and individual users. According to Technavio, the global healthcare market size is determined by the consolidated revenue of equipment, supplies, pharmaceuticals, biotechnology, healthcare technology players, and life sciences tools and services manufacturers/providers. The expansion of the healthcare technology market is influenced by factors impacting both the healthcare industry and the IT spending market. Notable drivers include the continuous demand for cost reduction in healthcare delivery across developed and developing economies.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/