Patient Engagement Technology Market Growth Analysis Till 2033 By The Business Research Company
The Business Research Company’s market reports offer an in-depth analysis on the market’s growth potential, major drivers, key trends and more.
Market Growth Overview
- Market size to grow from $6.63 billion in 2023 to $7.06 billion in 2024, with a CAGR of 6.4%.
- Forecasted growth to reach $8.85 billion by 2028, driven by technological advancements and increasing adoption of EHR and mHealth solutions.
Catalyst: Remote Care Demands
- Growing demand for remote care enhances patient engagement.
- Remote care allows patients to access healthcare services conveniently, fostering active participation in healthcare management.
Key Industry Leaders
- Mckesson Corporation, Johnson and Johnson, IBM, among others, lead innovation.
- Innovations like ZAIDYN Connected Health leverage AI to enhance patient monitoring and healthcare outcomes.
Read More On The Patient Engagement Technology Market Report 2024 – https://www.thebusinessresearchcompany.com/report/patient-engagement-technology-global-market-report
Impact of Remote Care Trends
- Increased utilization of telehealth services transforms patient engagement dynamics.
- Shift towards patient-centered care and collaborations among healthcare stakeholders drive market expansion.
Strategic Acquisition: TeleVox Software Inc. and Odeza, LLC
- Acquisition enhances TeleVox’s patient engagement portfolio, reinforcing market presence and client value.
Market Segmentation
- Type
- Hardware
- Software
- Services
- Delivery Mode
- Web-Based And Cloud-Based
- On-Premise
- Application
- Health Management
- Social Management
- Home Healthcare Management
- Financial Health Management
- End User
- Providers
- Payers
- Patients
Regional Insights
- North Americadominates in 2023; Asia-Pacific shows promising growth potential in the forecast period.
Conclusion
The patient engagement technology market is pivotal in advancing patient-centered healthcare through innovative solutions and enhanced accessibility to healthcare services. With the increasing adoption of telehealth services and AI-powered technologies like ZAIDYN Connected Health, stakeholders in the healthcare industry are transforming patient care delivery. Strategic acquisitions, such as TeleVox Software Inc.’s acquisition of Odeza, LLC, underscore a commitment to expanding service offerings and improving patient outcomes. As the healthcare landscape evolves towards more integrated and patient-focused approaches, the demand for robust patient engagement solutions continues to rise, ensuring improved healthcare delivery and patient satisfaction globally.
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