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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

1. Type
   • Hardware
   • Software
   • Services
2. Delivery Mode
   • Web-Based And Cloud-Based
   • On-Premise
3. Application
   • Health Management
   • Social Management
   • Home Healthcare Management
   • Financial Health Management
4. 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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