Patient Engagement Solutions Market Outlook 2028

• The global patient engagement solutions market was valued at US$ 17.56 Bn in 2020
• It is estimated to expand at a CAGR of 15.7% from 2021 to 2028
• The global patient engagement solutions market is expected to reach the value of US$ 56.33 Bn by the end of 2028

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Analysts’ Viewpoint on Patient Engagement Solutions Market Scenario

Governments across the globe are engaging in providing subsidies and incentives to its citizens, thus increasing the demand for patient engagement solutions. The increased need for engagement and involvement of patients in the management of various diseases is one of the prime factors boosting the global market. The meaningful relationship and exchange between doctors and patients is anticipated to drive the patient engagement solutions market during the forecast period. Lack of expert healthcare professionals and absence of healthcare literacy in many of developing nations are likely to impede the growth of the patient engagement solutions market.

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Increase in Demand for Patient-centric Healthcare Services Drives Global Market

Patient engagement solutions are a bundle of various healthcare services, healthcare information technology solutions, and associated hardware for improved communication and exchange of information between health caregiver and patients. Factors such as increasing awareness of mobile health, rising spending on healthcare, and favorable regulatory frameworks are creating opportunities in the patient engagement solutions market. Patient engagement solutions use patient centric healthcare delivery systems to ensure value-based healthcare and improve patient outcomes. Patient engagement solutions enable better reach and engagement of patients, help build trust, improve communication between health caregiver and patients, and augment patient compliance via automated reminders. The increasing use of wearable healthcare trackers, along with increasing use of mobile health apps is expanding the horizon of the patient engagement solutions market.

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Expansion of Hospitals and Healthcare Sectors Fuel Patient Engagement Solutions Market Growth

Patient engagement solutions help patients manage their healthcare data. It also provides improvised interaction among patients and medical teams. This factor will lead to rise of the global patient engagement solutions market globally. The advancement in technology has helped the healthcare sector to provide necessary tools to patients so that they can actively participate and manage their own health. This provision helps patients to effectively deliver self-care.

The rising number of hospitals and healthcare centers across the globe is also driving the global patient engagement solutions market. Pharmaceutical companies are also expected to witness significant growth opportunities in the upcoming years, owing to various pharmaceutical enterprises implementing patient engagement solutions to manage the incurred capital to meet their research requirement demands.

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North America to Offer Lucrative Growth Opportunities

North America is expected to account for the largest share of the global patient engagement solutions market, owing to increasing number of quality healthcare services and rising governmental reforms, along with changed incentive-based payment methods. This region is anticipated to remain dominant during the forecast period. Regulations and initiatives by governments of countries in the region to implement various patient-centric care and solutions together with extensive adoption of mobile health solutions are likely to widen the scope of growth for the North America patient engagement solutions market in the near future. Moreover, rise in aging population is one of the major factors for the expansion of the market in North America.

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