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Patient Engagement Solutions Market Analysis US - Size and Forecast 2024-2028

Patient Engagement Solutions Market Analysis US - Size and Forecast 2024-2028

Published: Jul 2024 155 Pages SKU: IRTNTR76463

Market Overview at a Glance

$6.78 B
Market Opportunity
15.11%
CAGR
14.11
YoY growth 2023-2024(%)

US Patient Engagement Solutions Market Size 2024-2028

The US patient engagement solutions market size is forecast to increase by USD 6.78 billion at a CAGR of 15.11% between 2023 and 2028. 

The Patient Engagement Solutions market in the US is witnessing substantial growth, fueled by regulatory requirements and incentives, value-based care initiatives, and evolving consumer expectations and empowerment. These factors are driving the demand for innovative patient engagement solutions, which are increasingly being adopted to meet the needs of a healthcare system that prioritizes efficiency, accessibility, and higher industry standards. Regulatory mandates, such as the Meaningful Use program, have played a significant role In the market's expansion. These initiatives incentivize healthcare providers to implement electronic health records and patient engagement technologies, which enable better communication between patients and healthcare providers. 

Value-based care initiatives, which reward providers based on patient outcomes rather than the number of procedures performed, have also contributed to the growth of the market. Consumers are increasingly demanding more control over their healthcare, and patient engagement solutions are helping to meet this need. These solutions enable patients to access their health information, communicate with their healthcare providers, and manage their appointments and medications online. As a result, patient engagement solutions are becoming essential tools for healthcare organizations looking to meet the changing needs of their patients and remain competitive In the market.

What will be the size of the market during the forecast period?

Patient Engagement Solutions Market in US Size

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US Patient Engagement Solutions Market Segmentation

The patient engagement solutions market in US research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

  • Type
    • On-premises
    • Web and cloud-based
  • Application
    • Health management
    • Home health management
    • Social
    • Financial health management
  • Component
    • Software
    • Services
    • Hardware
  • Geography
    • US

Which is the largest segment driving market growth?

The on-premises segment is estimated to witness significant growth during the forecast period.

Patient engagement solutions in the US market cater to healthcare providers' needs for controlling patient data in compliance with regulations like HIPAA. Premise solutions offer personalized and adaptable patient interaction technologies, enabling seamless integration with existing infrastructure and better functionality control. These solutions enhance patient experience by facilitating digital patient engagement through software platforms, virtual healthcare, telehealth, and remote monitoring devices. Patient engagement strategies include teleconsultations, patient education, real-time data management, prescription refills, and patient portals. Key components include electronic health records, healthcare IT systems, software, hardware, infrastructure, maintenance expenses, staff training, data migration, system customization, upgradation, managed services, and patient education solutions.

The market is driven by factors like financial health management, fitness and wellbeing, home health management, social health management, and chronic diseases. Key players include Athenahealth, GetWellNetwork, Health Catalyst, MediBuddy, Mocero Health, Orion Health, Physitrack, SolvEdge, Veradigm, Well-Beat, and Wolters Kluwer. The landscape is evolving with trends like artificial intelligence, machine learning, and personalized care.

Patient Engagement Solutions Market in US Size

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The On-premises segment was valued at USD 2.18 billion in 2018 and showed a gradual increase during the forecast period.

How do company ranking index and market positioning come to your aid?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the market.

Technavio's patient engagement solutions market in US research and growth report provides the ranking index for the top 20 companies along with insights on the market positioning of: 

  • athenahealth Inc.
  • Cognizant Technology Solutions Corp.
  • CureMD
  • Experian Plc
  • GetWellNetwork Inc.
  • International Business Machines Corp.
  • IQVIA Holdings Inc.
  • Koninklijke Philips N.V.
  • Lincor Inc.
  • McKesson Corp.
  • MEDHOST
  • Medical Information Technology Inc.
  • Modernizing Medicine Inc.
  • Nuance Communications Inc.
  • Oracle Corp.
  • ResMed Inc.
  • Solutionreach Inc.
  • Tebra Technologies Inc.
  • TruBridge, Inc.
  • Veradigm LLC

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What is the market structure and year-over-year growth of the Patient Engagement Solutions Market in US?

Market structure

Fragmented

YoY growth 2023-2024

14.11

US Patient Engagement Solutions Market Dynamics

The patient engagement solutions market in the US is experiencing significant growth, driven by the increasing emphasis on patient-centric care and the integration of technology into healthcare. Mobile health apps, digital patient engagement platforms, and remote patient monitoring solutions are becoming essential tools for healthcare systems, providers, payers, life science companies, and skilled IT professionals to enhance patient outcomes. Interoperability and data sharing are critical factors fueling this trend, enabling seamless communication between various stakeholders and facilitating shared decision-making. Artificial intelligence (AI) and machine learning technologies are revolutionizing patient engagement by offering personalized care and remote monitoring capabilities. Telemedicine and remote home monitoring solutions are increasingly popular, especially among smartphone users, as they enable convenient access to healthcare services and enable continuous patient monitoring.

The global economy's shift towards next-gen healthcare and the need for cost-effective, efficient, and patient-focused care further underscore the market's direction. Overall, the patient engagement solutions market is poised for continued expansion, with a focus on improving patient experiences, enhancing care quality, and optimizing healthcare delivery.

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the primary factors driving the market growth?

Regulatory requirements and incentives is the key driver of the market.

Patient engagement initiatives have gained significant importance In the US healthcare landscape due to regulatory requirements and incentives. The Meaningful Use program, which promoted interoperability, required eligible healthcare providers to use approved electronic health record (EHR) technology that incorporates patient interaction functions. Providers must engage patients through secure messaging, electronic health information access, and clinical summaries to qualify for incentives. Furthermore, the Merit-Based Incentive Payment System (MIPS) and Alternative Payment Models (APMs) under the Medicare Access and CHIP Reauthorization Act (MACRA) have been established to reward quality patient care. These programs emphasize patient-centric care through digital patient engagement, telehealth, remote patient monitoring, shared decision-making, artificial intelligence, and machine learning.

Patient engagement software solutions, such as patient portals, mobile applications, and virtual healthcare services, have become essential for patient experience, financial health management, fitness and wellbeing, home health management, and social health management. Market dynamics include investment activity, patient awareness, and the integration of software platforms, services, and virtual healthcare solutions from solution providers like Athenahealth, GetWellNetwork, Health Catalyst, MediBuddy, Mocero Health, Orion Health, Physitrack, SolvEdge, Veradigm, Well-Beat, Wolters Kluwer, Upfront Healthcare, NextGen Healthcare, and others. The global economy, healthcare systems, providers, payers, and life science companies are also investing in remote home monitoring, smartphone users, and mHealth apps to improve healthcare delivery, particularly for chronic diseases like diabetes and cardiovascular disorders.

What are the significant market trends being witnessed?

mHealth apps is the upcoming market trend.

The patient engagement solutions market In the US is witnessing significant growth with the increasing adoption of mobile health (mHealth) apps. These apps, which run on mobile devices like smartphones and tablets, are designed to enhance patient engagement, streamline healthcare delivery, and improve overall health outcomes. Patients can use these apps to schedule appointments, access electronic health records, receive prescription refills, and communicate with healthcare providers. MHealth apps enable patients to manage their health more actively by tracking vital signs, monitoring chronic conditions, setting health goals, and accessing educational resources. Furthermore, these solutions facilitate remote patient monitoring, shared decision-making, and telehealth services through artificial intelligence (AI), machine learning, and virtual care.

The market is driven by the need for patient-centric care, interoperability, and digital patient engagement strategies. Healthcare providers, payers, life science companies, and individuals are investing in patient engagement software, cloud-based solutions, on-premise solutions, and web-based solutions to enhance the patient experience and optimize healthcare delivery. The market encompasses patient education solutions, financial health management, fitness and wellbeing, home health management, social health management, and virtual consultations. Key trends include investment activity in AI chatbots, such as ChatGPT, and remote home monitoring devices from companies like GE Healthcare and MediBuddy. The market is expected to continue growing due to the increasing number of smartphone users and the demand for personalized care.

What are the major market challenges?

Data security and privacy is a key challenge affecting the industry growth.

Patient engagement solutions In the US market face significant challenges related to data security and privacy. Given the sensitive nature of healthcare data, ensuring patient information is protected and privacy is preserved is crucial. The healthcare sector is subject to stringent regulations, with HIPAA being one of the most well-known. Compliance with these rules is essential to avoid legal issues and maintain patient trust. A healthcare data breach can disclose private and medical information of numerous patients, exposing institutions to legal risks and damaging their reputation. In the US market, patient engagement software includes digital patient engagement, remote patient monitoring, shared decision-making, artificial intelligence, machine learning, personalized care, telemedicine, remote monitoring devices, patient education solutions, financial health management, fitness and wellbeing, home health management, social health management, virtual consultations, prescription refills, patient portals, mobile applications, patient retention rates, clinical trials, and healthcare delivery for chronic diseases such as diabetes and cardiovascular disorders.

Market dynamics include investment activity, data analytics, AI, and various solution providers offering cloud-based, on-premise, and web-based solutions. Service segments include data migration, system customization, upgradation, managed services, and staff training. Key players include athenahealth, GetWellNetwork, Health Catalyst, MediBuddy, Mocero Health, Orion Health, Physitrack, SolvEdge, Veradigm, Well-Beat, and Wolters Kluwer, among others. The healthcare landscape is influenced by providers, payers, life science companies, and remote home monitoring solutions from companies like GE Healthcare and smartphone users utilizing mHealth apps. Market trends include the increasing use of AI chatbots like ChatGPT and services from companies like Nuance Mix, Leidos, NextGen Healthcare, and Upfront Healthcare.

Exclusive Customer Landscape

The patient engagement solutions market in US forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the patient engagement solutions market in US report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Patient Engagement Solutions Market in US Share by Geography

 Customer Landscape

Market Analyst Overview

The patient engagement solutions market In the global healthcare landscape is witnessing significant growth due to the increasing emphasis on patient-centric care. This trend is driven by the need to improve patient outcomes, enhance the patient experience, and reduce healthcare costs. Patient engagement solutions encompass a range of offerings, including mobile health apps, electronic health records (EHRs), healthcare IT systems, and remote patient monitoring. The adoption of these solutions is being fueled by several factors. The availability of skilled IT professionals and the increasing importance of interoperability are key drivers. Interoperability enables seamless data exchange between different healthcare systems and devices, leading to more effective care coordination and improved patient outcomes.

Moreover, the rising adoption of cloud-based solutions, telehealth, and virtual care is transforming the healthcare landscape. These solutions offer convenience, accessibility, and cost savings, making them increasingly popular among both healthcare providers and patients. The use of artificial intelligence (AI) and machine learning in patient engagement solutions is another recent trend. These technologies enable personalized care, shared decision-making, and real-time data management. They also facilitate remote consultations, prescription refills, and patient education. Patient engagement software is a critical component of these solutions. It allows patients to access their health information, manage their appointments, and communicate with their healthcare providers.

Patient portals and mobile applications are popular patient engagement software solutions, offering convenience and accessibility. The healthcare providers segment is a significant market for patient engagement solutions. These solutions help providers improve patient retention rates, streamline operations, and enhance the patient experience. They also enable remote home monitoring for chronic diseases, such as diabetes and cardiovascular disorders. The services segment is another key market for patient engagement solutions. Managed services, system customization, upgradation, and maintenance expenses are major areas of focus for solution providers. Data migration and system integration are also critical services, ensuring seamless implementation and adoption of patient engagement solutions.

Recent investment activity In the patient engagement solutions market reflects the growing importance of these solutions. Life science companies, payers, and healthcare systems are investing in patient engagement solutions to improve patient outcomes, reduce costs, and enhance the patient experience. In conclusion, the patient engagement solutions market is witnessing significant growth due to the increasing emphasis on patient-centric care and the availability of advanced technologies. Mobile health apps, electronic health records, healthcare IT systems, and remote patient monitoring are key offerings in this market. The use of AI, machine learning, and cloud-based solutions is transforming the healthcare landscape, offering convenience, accessibility, and cost savings.

The services segment is a significant market for patient engagement solutions, with managed services, system customization, and maintenance expenses being major areas of focus. Investment activity in this market reflects the growing importance of patient engagement solutions in improving patient outcomes, reducing costs, and enhancing the patient experience.

Patient portals and telehealth apps are revolutionizing healthcare by enabling patients to easily access their health information and engage in virtual consultations. Integrated with health trackers, wearable devices, and biometric sensors, these platforms facilitate remote monitoring and provide real-time health data, empowering patients to manage chronic conditions effectively. Features like appointment reminders, secure messaging, and self-scheduling enhance patient convenience, while medication adherence tools and virtual support ensure continuous care. Digital consent and data privacy measures safeguard sensitive patient information, supporting clinical integration and seamless communication between healthcare providers. Health dashboards and patient analytics offer insights into wellness programs and care plans, promoting patient education and health literacy. Additionally, the use of patient feedback, care reminders, and telehealth notifications encourages proactive engagement and patient outreach. By leveraging these tools, healthcare providers can improve care coordination, foster patient empowerment, and optimize chronic disease management, ultimately enhancing overall health outcomes and patient satisfaction.

Market Scope

Report Coverage

Details

Page number

155

Base year

2023

Historic period

2018 - 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 15.11%

Market growth 2024-2028

USD 6778.6 million

Regional analysis

US

Performing market contribution

North America at 100%

Key countries

US and North America

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

athenahealth Inc., Cognizant Technology Solutions Corp., CureMD, Experian Plc, GetWellNetwork Inc., International Business Machines Corp., IQVIA Holdings Inc., Koninklijke Philips N.V., Lincor Inc., McKesson Corp., MEDHOST, Medical Information Technology Inc., Modernizing Medicine Inc., Nuance Communications Inc., Oracle Corp., ResMed Inc., Solutionreach Inc., Tebra Technologies Inc., TruBridge, Inc., and Veradigm LLC

Market Segmentation

Type (On-premises and Web and cloud-based), Application (Health management, Home health management, Social, and Financial health management), Component (Software, Services, and Hardware), and Geography (North America)

Customization purview

If our patient engagement solutions market in US forecast 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 Data Covered in this Patient Engagement Solutions Market in US Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
  • Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming market growth and trends and changes in consumer behavior
  • Growth of the market across US
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

1 Executive Summary

  • 1.1 Market overview
    • Executive Summary - Chart on Market Overview
    • Executive Summary - Data Table on Market Overview
    • Executive Summary - Chart on Country Market Characteristics
    • Executive Summary - Chart on Market Segmentation by Type
    • Executive Summary - Chart on Market Segmentation by Application
    • Executive Summary - Chart on Market Segmentation by Component
    • Executive Summary - Chart on Company Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Parent Market
    • Data Table on - Parent Market
  • 2.2 Market characteristics
    • Market characteristics analysis
  • 2.3 Value chain analysis
    • Value Chain Analysis

3 Market Sizing

  • 3.1 Market definition
    • Offerings of companies included in the market definition
  • 3.2 Market segment analysis
    • Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Chart on US - Market size and forecast 2023-2028 ($ million)
      • Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Chart on US: Year-over-year growth 2023-2028 (%)
      • Data Table on US: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Patient Engagement Solutions Market in US 2018 - 2022
      • Historic Market Size - Data Table on Patient Engagement Solutions Market in US 2018 - 2022 ($ million)
    • 4.2 Type segment analysis 2018 - 2022
      • Historic Market Size - Type Segment 2018 - 2022 ($ million)
    • 4.3 Application segment analysis 2018 - 2022
      • Historic Market Size - Application Segment 2018 - 2022 ($ million)
    • 4.4 Component segment analysis 2018 - 2022
      • Historic Market Size - Component Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Bargaining power of buyers - Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Threat of new entrants - Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Threat of substitutes - Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Threat of rivalry - Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Chart on Type - Market share 2023-2028 (%)
      • Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Chart on Comparison by Type
      • Data Table on Comparison by Type
    • 6.3 On-premises - Market size and forecast 2023-2028
      • Chart on On-premises - Market size and forecast 2023-2028 ($ million)
      • Data Table on On-premises - Market size and forecast 2023-2028 ($ million)
      • Chart on On-premises - Year-over-year growth 2023-2028 (%)
      • Data Table on On-premises - Year-over-year growth 2023-2028 (%)
    • 6.4 Web and cloud-based - Market size and forecast 2023-2028
      • Chart on Web and cloud-based - Market size and forecast 2023-2028 ($ million)
      • Data Table on Web and cloud-based - Market size and forecast 2023-2028 ($ million)
      • Chart on Web and cloud-based - Year-over-year growth 2023-2028 (%)
      • Data Table on Web and cloud-based - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Type
      • Market opportunity by Type ($ million)
      • Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Chart on Application - Market share 2023-2028 (%)
      • Data Table on Application - Market share 2023-2028 (%)
    • 7.2 Comparison by Application
      • Chart on Comparison by Application
      • Data Table on Comparison by Application
    • 7.3 Health management - Market size and forecast 2023-2028
      • Chart on Health management - Market size and forecast 2023-2028 ($ million)
      • Data Table on Health management - Market size and forecast 2023-2028 ($ million)
      • Chart on Health management - Year-over-year growth 2023-2028 (%)
      • Data Table on Health management - Year-over-year growth 2023-2028 (%)
    • 7.4 Home health management - Market size and forecast 2023-2028
      • Chart on Home health management - Market size and forecast 2023-2028 ($ million)
      • Data Table on Home health management - Market size and forecast 2023-2028 ($ million)
      • Chart on Home health management - Year-over-year growth 2023-2028 (%)
      • Data Table on Home health management - Year-over-year growth 2023-2028 (%)
    • 7.5 Social - Market size and forecast 2023-2028
      • Chart on Social - Market size and forecast 2023-2028 ($ million)
      • Data Table on Social - Market size and forecast 2023-2028 ($ million)
      • Chart on Social - Year-over-year growth 2023-2028 (%)
      • Data Table on Social - Year-over-year growth 2023-2028 (%)
    • 7.6 Financial health management - Market size and forecast 2023-2028
      • Chart on Financial health management - Market size and forecast 2023-2028 ($ million)
      • Data Table on Financial health management - Market size and forecast 2023-2028 ($ million)
      • Chart on Financial health management - Year-over-year growth 2023-2028 (%)
      • Data Table on Financial health management - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by Application
      • Market opportunity by Application ($ million)
      • Data Table on Market opportunity by Application ($ million)

    8 Market Segmentation by Component

    • 8.1 Market segments
      • Chart on Component - Market share 2023-2028 (%)
      • Data Table on Component - Market share 2023-2028 (%)
    • 8.2 Comparison by Component
      • Chart on Comparison by Component
      • Data Table on Comparison by Component
    • 8.3 Software - Market size and forecast 2023-2028
      • Chart on Software - Market size and forecast 2023-2028 ($ million)
      • Data Table on Software - Market size and forecast 2023-2028 ($ million)
      • Chart on Software - Year-over-year growth 2023-2028 (%)
      • Data Table on Software - Year-over-year growth 2023-2028 (%)
    • 8.4 Services - Market size and forecast 2023-2028
      • Chart on Services - Market size and forecast 2023-2028 ($ million)
      • Data Table on Services - Market size and forecast 2023-2028 ($ million)
      • Chart on Services - Year-over-year growth 2023-2028 (%)
      • Data Table on Services - Year-over-year growth 2023-2028 (%)
    • 8.5 Hardware - Market size and forecast 2023-2028
      • Chart on Hardware - Market size and forecast 2023-2028 ($ million)
      • Data Table on Hardware - Market size and forecast 2023-2028 ($ million)
      • Chart on Hardware - Year-over-year growth 2023-2028 (%)
      • Data Table on Hardware - Year-over-year growth 2023-2028 (%)
    • 8.6 Market opportunity by Component
      • Market opportunity by Component ($ million)
      • Data Table on Market opportunity by Component ($ million)

    9 Customer Landscape

    • 9.1 Customer landscape overview
      • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    10 Drivers, Challenges, and Opportunity/Restraints

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market opportunities/restraints

          11 Competitive Landscape

          • 11.1 Overview
            • 11.2 Competitive Landscape
              • Overview on criticality of inputs and factors of differentiation
            • 11.3 Landscape disruption
              • Overview on factors of disruption
            • 11.4 Industry risks
              • Impact of key risks on business

            12 Competitive Analysis

            • 12.1 Companies profiled
              • Companies covered
            • 12.2 Market positioning of companies
              • Matrix on companies position and classification
            • 12.3 athenahealth Inc.
              • athenahealth Inc. - Overview
              • athenahealth Inc. - Product / Service
              • athenahealth Inc. - Key offerings
            • 12.4 Cognizant Technology Solutions Corp.
              • Cognizant Technology Solutions Corp. - Overview
              • Cognizant Technology Solutions Corp. - Business segments
              • Cognizant Technology Solutions Corp. - Key news
              • Cognizant Technology Solutions Corp. - Key offerings
              • Cognizant Technology Solutions Corp. - Segment focus
            • 12.5 CureMD
              • CureMD - Overview
              • CureMD - Product / Service
              • CureMD - Key offerings
            • 12.6 Experian Plc
              • Experian Plc - Overview
              • Experian Plc - Business segments
              • Experian Plc - Key offerings
              • Experian Plc - Segment focus
            • 12.7 International Business Machines Corp.
              • International Business Machines Corp. - Overview
              • International Business Machines Corp. - Business segments
              • International Business Machines Corp. - Key news
              • International Business Machines Corp. - Key offerings
              • International Business Machines Corp. - Segment focus
            • 12.8 IQVIA Holdings Inc.
              • IQVIA Holdings Inc. - Overview
              • IQVIA Holdings Inc. - Business segments
              • IQVIA Holdings Inc. - Key news
              • IQVIA Holdings Inc. - Key offerings
              • IQVIA Holdings Inc. - Segment focus
            • 12.9 Koninklijke Philips N.V.
              • Koninklijke Philips N.V. - Overview
              • Koninklijke Philips N.V. - Business segments
              • Koninklijke Philips N.V. - Key news
              • Koninklijke Philips N.V. - Key offerings
              • Koninklijke Philips N.V. - Segment focus
            • 12.10 McKesson Corp.
              • McKesson Corp. - Overview
              • McKesson Corp. - Business segments
              • McKesson Corp. - Key news
              • McKesson Corp. - Key offerings
              • McKesson Corp. - Segment focus
            • 12.11 Nuance Communications Inc.
              • Nuance Communications Inc. - Overview
              • Nuance Communications Inc. - Product / Service
              • Nuance Communications Inc. - Key offerings
            • 12.12 Oracle Corp.
              • Oracle Corp. - Overview
              • Oracle Corp. - Business segments
              • Oracle Corp. - Key news
              • Oracle Corp. - Key offerings
              • Oracle Corp. - Segment focus
            • 12.13 ResMed Inc.
              • ResMed Inc. - Overview
              • ResMed Inc. - Business segments
              • ResMed Inc. - Key news
              • ResMed Inc. - Key offerings
              • ResMed Inc. - Segment focus
            • 12.14 Solutionreach Inc.
              • Solutionreach Inc. - Overview
              • Solutionreach Inc. - Product / Service
              • Solutionreach Inc. - Key offerings
            • 12.15 Tebra Technologies Inc.
              • Tebra Technologies Inc. - Overview
              • Tebra Technologies Inc. - Product / Service
              • Tebra Technologies Inc. - Key offerings
            • 12.16 TruBridge, Inc.
              • TruBridge, Inc. - Overview
              • TruBridge, Inc. - Business segments
              • TruBridge, Inc. - Key offerings
              • TruBridge, Inc. - Segment focus
            • 12.17 Veradigm LLC
              • Veradigm LLC - Overview
              • Veradigm LLC - Business segments
              • Veradigm LLC - Key news
              • Veradigm LLC - Key offerings
              • Veradigm LLC - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Inclusions checklist
                • Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Currency conversion rates for US$
              • 13.4 Research methodology
                • Research methodology
              • 13.5 Data procurement
                • Information sources
              • 13.6 Data validation
                • Data validation
              • 13.7 Validation techniques employed for market sizing
                • Validation techniques employed for market sizing
              • 13.8 Data synthesis
                • Data synthesis
              • 13.9 360 degree market analysis
                • 360 degree market analysis
              • 13.10 List of abbreviations
                • List of abbreviations

              Research Methodology

              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.

              INFORMATION 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

              DATA 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

              REPORT 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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              Frequently Asked Questions

              Patient Engagement Solutionsin US market growth will increase by $ 6778.6 mn during 2024-2028 .

              The Patient Engagement Solutionsin US market is expected to grow at a CAGR of 15.11% during 2024-2028 .

              Patient Engagement Solutionsin US market is segmented by Type( On-premises, Web and cloud-based, cloud-based) Application( Health management, Home health management, Social, Financial health management) Component( Software, Services, Hardware)

              athenahealth Inc., Cognizant Technology Solutions Corp., CureMD, Experian Plc, GetWellNetwork Inc., International Business Machines Corp., IQVIA Holdings Inc., Koninklijke Philips N.V., Lincor Inc., McKesson Corp., MEDHOST, Medical Information Technology Inc., Modernizing Medicine Inc., Nuance Communications Inc., Oracle Corp., ResMed Inc., Solutionreach Inc., Tebra Technologies Inc., TruBridge, Inc., Veradigm LLC are a few of the key vendors in the Patient Engagement Solutionsin US market.

              North America will register the highest growth rate of 100% among the other regions. Therefore, the Patient Engagement Solutionsin US market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

              US, North America

              • Regulatory requirements and incentivesRegulatory requirements and incentives have significantly influenced the patient engagement solutions market in US. These elements have pushed healthcare organizations to design and implement patient engagement programs to comply with regulations and earn rewards. Meaningful use (promoting interoperability) program: The Promoting Interoperability program is the driving factor this market.
              • later renamed Meaningful Use is the driving factor this market.
              • was a key factor. It required approved electronic health record (EHR) technology is the driving factor this market.
              • which incorporates patient interaction functions is the driving factor this market.
              • to be used meaningfully by eligible healthcare providers such as hospitals and clinics. Providers have to engage patients using features including secure messaging is the driving factor this market.
              • electronic health information access is the driving factor this market.
              • and clinical summaries in order to qualify for incentives. MACRA and quality payment programs: The Merit-Based Incentive Payment System (MIPS) and Alternative Payment Models (APMs) are two of the Quality Payment Programs (QPP) that were established by the Medicare Access and CHIP Reauthorization Act (MACRA). Patient involvement and communication are only two of the performance metrics used to evaluate physicians under MIPS. Providers are encouraged to invest in patient engagement solutions because high performance can result in financial incentives is the driving factor this market.
              • and negative performance can result in penalties. Data security and HIPAA compliance: Handling patient health information (PHI) securely is required by laws relating to the Health Insurance Portability and Accountability Act (HIPAA). To preserve patient privacy is the driving factor this market.
              • patient engagement systems must adhere to HIPAA standards. Adherence to these standards is a motivator for implementing compliant patient engagement solutions because non-compliance can result in harsh penalties. Patient control and access to health records: Under the Information Blocking provisions of the 21st Century Cures Act is the driving factor this market.
              • healthcare providers must grant patients access to their electronic health records. Solutions for patient engagement make it possible for patients to see is the driving factor this market.
              • download is the driving factor this market.
              • and send their medical records electronically. To prevent fines and legal repercussions is the driving factor this market.
              • compliance with these regulations is crucial. Consumer-centric healthcare: Patients are becoming more involved in their healthcare decisions is the driving factor this market.
              • which has led to an increase in healthcare consumerism. By encouraging providers to offer patient engagement technologies that enable patients to manage their health and healthcare interactions more successfully is the driving factor this market.
              • regulatory requirements and incentives support the shift toward healthcare that is focused on the needs of the consumer. Thus is the driving factor this market.
              • the Regulatory requirements and incentives will drive the growth of the patient engagement solutions market during the forecast period. is the driving factor this market.

              The Patient Engagement Solutionsin US market vendors should focus on grabbing business opportunities from the On-premises segment as it accounted for the largest market share in the base year.