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Patient Engagement Technology Market by Delivery Mode and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR40803
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The patient engagement technology market has the potential to grow by USD 18.58 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 17.06%.

This patient engagement technology market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by delivery mode (on-premise solution and web and cloud-based solution) and geography (North America, Europe, Asia, and ROW). The patient engagement technology market report also offers information on several market vendors, including Allscripts Healthcare Solutions Inc., athenahealth Inc., Cerner Corp., CipherHealth Inc., Epic Systems Corp., GetWellNetwork Inc., International Business Machines Corp., McKesson Corp., Solutionreach Inc., and Sonifi Solutions Inc. among others.

What will the Patient Engagement Technology Market Size be in 2021?

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Patient Engagement Technology Market: Key Drivers and Trends

The benefits of patient engagement solutions are notably driving the patient engagement technology market growth, although factors such as stringent regulations on patient engagement solutions may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the patient engagement technology industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the patient engagement technology market is the benefits of patient engagement solutions.
  • Secure messaging enables both patients and providers to engage through encrypted patient engagement solutions.
  • View-download-transmit allows patients to view, download, and share their results.
  • Patient registration allows patients to record their health information for registering in medication lists, health history, and immunization records.
  • Patient scheduling allows patients to request appointments.
  • Prescription refills through patient engagement solutions save time by eliminating unnecessary appointments.
  • The features of patient engagement solutions aim at yielding improved patient outcomes, which, in turn, will drive the market growth.
  • The increasing adoption of healthcare technology by large companies is another major factor supporting the patient engagement technology market share growth.
  • Healthcare technology is bringing efficiency in the healthcare results by increasing the accessibility of diagnosis, treatment, and prevention and also reducing the overall healthcare costs.
  • Established technology companies are moving into the healthcare space, which is a significant driver for the growth of healthcare technology.
  • IBM offers automated engagement and care management platforms that help healthcare providers manage the patient population, reduce their workload, and provide transparent and trackable data.
  • Established companies are setting an example for other companies and the healthcare industry by modernizing healthcare and increasing awareness about health via education programs.

This patient engagement technology market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Patient Engagement Technology Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Allscripts Healthcare Solutions Inc.
  • athenahealth Inc.
  • Cerner Corp.
  • CipherHealth Inc.
  • Epic Systems Corp.
  • GetWellNetwork Inc.
  • International Business Machines Corp.
  • McKesson Corp.
  • Solutionreach Inc.
  • Sonifi Solutions Inc.

 

This statistical study of the patient engagement technology market encompasses successful business strategies deployed by the key vendors. The patient engagement solutions market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The patient engagement technology market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Patient Engagement Technology Market?

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40% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for patient engagement technology in North America. Market growth in this region will be faster than the growth of the market in the European and ROW regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Delivery Mode Segments in the Patient Engagement Technology Market?

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The patient engagement technology market share growth by the on-premise solutions segment will be significant during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the patient engagement solutions market size and actionable market insights on post COVID-19 impact on each segment.

 

Patient Engagement Technology Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 17.06%

Market growth 2021-2025

$ 18.58 billion

Market structure

Fragmented

YoY growth (%)

16.75

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 40%

Key consumer countries

US, UK, Germany, Canada, and China

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Allscripts Healthcare Solutions Inc., athenahealth Inc., Cerner Corp., CipherHealth Inc., Epic Systems Corp., GetWellNetwork Inc., International Business Machines Corp., McKesson Corp., Solutionreach Inc., and Sonifi Solutions Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Patient Engagement Technology Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive patient engagement solutions market growth during the next five years
  • Precise estimation of the patient engagement technology market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the patient engagement technology industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of patient engagement technology market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Delivery mode

  • Market segments
  • Comparison by Delivery mode
  • On-premise solution - Market size and forecast 2020-2025
  • Web and cloud-based solution - Market size and forecast 2020-2025
  • Market opportunity by Delivery mode

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • Asia - Market size and forecast 2020-2025
  • ROW - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Allscripts Healthcare Solutions Inc.
  • athenahealth Inc.
  • Cerner Corp.
  • CipherHealth Inc.
  • Epic Systems Corp.
  • GetWellNetwork Inc.
  • International Business Machines Corp.
  • McKesson Corp.
  • Solutionreach Inc.
  • Sonifi Solutions Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The patient engagement solutions market growth will increase by $18576.84 million during 2020-2025.
The patient engagement solutions market is expected to grow at a CAGR of 17.06% during 2020-2025.
Technavio has segmented the patient engagement solutions market by other1 (On-premise solution and Web and cloud-based solution) and geographic (North America, Europe, Asia, and ROW).
Allscripts Healthcare Solutions Inc., athenahealth Inc., Cerner Corp., CipherHealth Inc., Epic Systems Corp., GetWellNetwork Inc., International Business Machines Corp., McKesson Corp., Solutionreach Inc., Sonifi Solutions Inc. are a few of the key vendors in the patient engagement solutions market.
North America will register the highest growth rate of 39.68% among the other regions. Therefore, the patient engagement solutions market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the patient engagement solutions market growth are:
  • Benefits of patient engagement solutions
The patient engagement solutions market vendors should focus on grabbing business opportunities from the on-premise solution segment as it accounted for the largest market share in the base year.
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