Patient Engagement Solutions Market by Component (Hardware (Tablet)), Software (Integrated), Therapy (CVD, Diabetes), Functionality (Education, Scheduling), User (Provider, Payer (Public)), Unmet Need, Investment, Buying Criteria – Global Forecast 2024 – 2029

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OVERVIEW

The Patient Engagement Solutions Market is currently valued at USD 22.5 billion in 2024 and will be growing at a CAGR of 13.2% over the forecast period to reach an estimated USD 41.8 billion in revenue in 2029. The patient engagement solutions market is a dynamic sector within healthcare aimed at fostering collaboration between patients and healthcare providers to enhance care delivery and patient outcomes. These solutions encompass a wide array of technologies and strategies designed to empower patients with access to their health information, facilitate communication with healthcare providers, and encourage active participation in their own healthcare journey. From mobile health apps and patient portals to telemedicine platforms and remote monitoring devices, the market is driven by the growing demand for personalized, accessible, and efficient healthcare services. Additionally, regulatory mandates, such as Meaningful Use requirements in the United States, and the increasing focus on value-based care further propel the adoption of patient engagement solutions by healthcare organizations worldwide.

The patient engagement solutions market features a diverse landscape of players ranging from established healthcare IT giants to innovative startups and niche service providers. Leading companies such as Cerner Corporation, Epic Systems Corporation, and Allscripts Healthcare Solutions dominate the market with their comprehensive electronic health record (EHR) systems and integrated patient engagement modules. Additionally, technology giants like Microsoft, Google, and IBM have made significant forays into the healthcare sector, offering advanced analytics, cloud computing, and AI-driven solutions to enhance patient engagement. Furthermore, a multitude of startups and specialized firms contribute to the market’s dynamism by developing niche solutions such as remote patient monitoring devices, virtual care platforms, and behavior change applications. Collaborations, mergers, and acquisitions are common strategies among market players to expand their product portfolios, enhance technological capabilities, and capture a larger share of the burgeoning patient engagement solutions market.

Market Dynamics

Drivers:

The patient engagement solutions market features a diverse landscape of players ranging from established healthcare IT giants to innovative startups and niche service providers. Leading companies such as Cerner Corporation, Epic Systems Corporation, and Allscripts Healthcare Solutions dominate the market with their comprehensive electronic health record (EHR) systems and integrated patient engagement modules. Additionally, technology giants like Microsoft, Google, and IBM have made significant forays into the healthcare sector, offering advanced analytics, cloud computing, and AI-driven solutions to enhance patient engagement. Furthermore, a multitude of startups and specialized firms contribute to the market’s dynamism by developing niche solutions such as remote patient monitoring devices, virtual care platforms, and behavior change applications. Collaborations, mergers, and acquisitions are common strategies among market players to expand their product portfolios, enhance technological capabilities, and capture a larger share of the burgeoning patient engagement solutions market.

Key Offerings:

Key offerings in the patient engagement solutions market encompass a spectrum of technologies and services aimed at improving patient outcomes and healthcare delivery. These offerings typically include patient portals for secure access to health records and communication with providers, mobile health applications enabling remote monitoring and medication adherence, telehealth platforms facilitating virtual consultations and remote care delivery, and interactive educational resources to empower patients with information about their health conditions and treatment options. Additionally, analytics and predictive modeling tools are becoming increasingly prevalent, enabling healthcare organizations to personalize patient engagement efforts and identify at-risk populations for proactive interventions. Integration capabilities with existing electronic health record systems and interoperability standards are also crucial offerings to ensure seamless data exchange and continuity of care across different healthcare settings.

Restraints :

One significant challenge is the issue of interoperability and data integration, as disparate systems and standards often hinder seamless exchange of patient information between different healthcare providers and platforms. Additionally, concerns regarding data privacy and security present barriers to widespread adoption, as patients and healthcare organizations alike are cautious about the protection of sensitive health information. Moreover, there may be resistance to change among both patients and healthcare professionals, stemming from factors such as cultural norms, technological literacy, and entrenched workflows. Financial constraints, particularly for smaller healthcare organizations, can also limit investment in patient engagement solutions, despite their potential long-term benefits. Lastly, regulatory complexities and compliance requirements pose additional challenges, as healthcare providers navigate evolving legal frameworks and standards while implementing patient engagement technologies.

Regional Information:

• In North America, Cerner Corporation, Epic Systems Corporation, and Allscripts Healthcare Solutions are prominent players dominating the patient engagement solutions market. These companies provide comprehensive electronic health record systems and patient engagement modules tailored to the specific needs of healthcare providers in the region, ensuring seamless communication and coordinated care delivery.

• Across Europe, Siemens Healthineers, Agfa-Gevaert Group, and Orion Health are key players shaping the patient engagement landscape. Siemens Healthineers specializes in advanced medical imaging and diagnostic solutions, complemented by Agfa-Gevaert Group’s expertise in healthcare IT systems. Orion Health focuses on interoperability and population health management platforms, addressing the diverse healthcare needs of European populations.

• In the Asia-Pacific region, Allm Inc., TietoEVRY, and WeDoctor Holdings Limited lead the way in patient engagement solutions. Allm Inc. offers mobile health apps tailored to the region’s digital-savvy population, while TietoEVRY provides innovative healthcare IT solutions. WeDoctor Holdings Limited is a prominent player in the digital health ecosystem, offering telemedicine and healthcare services across Asia-Pacific markets.

Recent Developments:

• In June 2022, Francisco Partners (US), a leading global investment firm that specializes in partnering with technology businesses, completed the acquisition of healthcare data and analytics assets that were chunk of IBM Watson Health. Under the ownership of Francisco Partners, the new standalone company has been called Merative. The company combines market-leading products that deliver value across the global healthcare ecosystem, serving clients in life sciences, imaging, health plans, and government health & human service sectors.

• In 2021, McKesson (US) announced a strategic agreement with Merck (US) that provided the two healthcare leaders to connect the power of real-world evidence (RWE) regarding the common goal of enhancing patient outcomes and the quality of cancer care.

Key Players:

Cerner Corporation, Epic Systems Corporation, Allscripts Healthcare Solutions,Siemens Healthineers,  Allm Inc., Grupo Fleury, and Middle East & Africa’s Al-Futtaim Health. 

Frequently Asked Questions

1) What is the projected market value of the Patient Engagement Solutions Market?

– The Patient Engagement Solutions Market is expected to reach an estimated value of USD 41.8 billion in revenue by 2029. 

2) What is the estimated CAGR of the Patient Engagement Solutions Market over the 2024 to 2029 forecast period?

– The CAGR is estimated to be 13.2% for the Patient Engagement Solutions Market over the 2024 to 2029.

3) Who are the key players in the Patient Engagement Solutions Market?

– Cerner Corporation, Epic Systems Corporation, Allscripts Healthcare Solutions,Siemens Healthineers,  Allm Inc., Grupo Fleury, and Middle East & Africa’s Al-Futtaim Health. 

4) What are the drivers for the Patient Engagement Solutions Market?

– The patient engagement solutions market is dominated by major healthcare IT companies like Cerner Corporation, Epic Systems Corporation, and Allscripts Healthcare Solutions, along with technology giants like Microsoft, Google, and IBM. Startups and specialized firms also contribute to the market. Collaborations, mergers, and acquisitions are common strategies for expanding product portfolios and technological capabilities.

5) What are the restraints and challenges in the Patient Engagement Solutions Market?

– Interoperability and data integration are key challenges in patient engagement, with disparate systems and standards hindering seamless exchange. Privacy and security concerns, cultural norms, financial constraints, and regulatory complexities also pose barriers to widespread adoption. Resistance, financial constraints, and evolving legal frameworks further complicate the process.

6) What are the key applications and offerings of the Patient Engagement Solutions Market?

– The patient engagement solutions market offers various technologies and services to enhance patient outcomes and healthcare delivery. These include patient portals, mobile health applications, telehealth platforms, interactive educational resources, analytics, predictive modeling tools, and integration with existing electronic health record systems for seamless data exchange and care continuity.

7) Which region is expected to drive the market for the forecast period?

– North America is expected to have the highest market growth from 2024 to 2029

 Why Choose Us?

Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients make strategic decisions, such as product development, market positioning, and marketing strategies.

Competitor Analysis: Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.

Industry Forecasts: Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.

Access to Industry Experts: Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market.

Time and Cost Savings: Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.

METHODOLOGY

At Global Market Studies, extensive research is done to create reports which have in-depth insights across all aspects of the market such as drivers, opportunities, challenges, restraints, market trends, regional insights, market segmentation, latest developments, key players for the forecast period. Multiple methods are used to derive both qualitative and quantitative information for the report:Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 1

PRIMARY RESEARCH

Through surveys and interviews, primary research is sourced mainly from experts from the core and related industry. It includes distributors, manufacturers, Directors, C-Level Executives and Managers, alliances certification organisations across various segments of the markets value chain. Both the supply-side and demand-side is interviewed.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 2

SECONDARY RESEARCH

Our sources of secondary research include Annual Reports, Journals, Press Releases, Company Websites, Paid Databases and our own Data Repository. They also include, investor presentations, certifies publications and articles by authorised regulatory bodies, trade directories and databases.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 3

MARKET SIZE ESTIMATION

After extensive secondary and primary research, both the Bottom-up and Top-down methods are used to analyse the data. In the Bottom-up Approach, Company revenues across multiple segments are gathered to derive the percentage split per market segment. From this the Segment wise market size is derived to give the Total Market Size. In the Top-down Approach the reverse method is used where the Total Market Size is first derived from primary sources and is split into Market Segment, Regional Split and so on.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 4Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 5

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 6

DATA TRIANGULATION:

All statistics are collected through extensive secondary research and verified by interviews conducted with supply-side and demand-side in the primary research to ensure that both primary and secondary data percentages, statistics and findings corroborate.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 7

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OVERVIEW

The Patient Engagement Solutions Market is currently valued at USD 22.5 billion in 2024 and will be growing at a CAGR of 13.2% over the forecast period to reach an estimated USD 41.8 billion in revenue in 2029. The patient engagement solutions market is a dynamic sector within healthcare aimed at fostering collaboration between patients and healthcare providers to enhance care delivery and patient outcomes. These solutions encompass a wide array of technologies and strategies designed to empower patients with access to their health information, facilitate communication with healthcare providers, and encourage active participation in their own healthcare journey. From mobile health apps and patient portals to telemedicine platforms and remote monitoring devices, the market is driven by the growing demand for personalized, accessible, and efficient healthcare services. Additionally, regulatory mandates, such as Meaningful Use requirements in the United States, and the increasing focus on value-based care further propel the adoption of patient engagement solutions by healthcare organizations worldwide.

The patient engagement solutions market features a diverse landscape of players ranging from established healthcare IT giants to innovative startups and niche service providers. Leading companies such as Cerner Corporation, Epic Systems Corporation, and Allscripts Healthcare Solutions dominate the market with their comprehensive electronic health record (EHR) systems and integrated patient engagement modules. Additionally, technology giants like Microsoft, Google, and IBM have made significant forays into the healthcare sector, offering advanced analytics, cloud computing, and AI-driven solutions to enhance patient engagement. Furthermore, a multitude of startups and specialized firms contribute to the market’s dynamism by developing niche solutions such as remote patient monitoring devices, virtual care platforms, and behavior change applications. Collaborations, mergers, and acquisitions are common strategies among market players to expand their product portfolios, enhance technological capabilities, and capture a larger share of the burgeoning patient engagement solutions market.

Market Dynamics

Drivers:

The patient engagement solutions market features a diverse landscape of players ranging from established healthcare IT giants to innovative startups and niche service providers. Leading companies such as Cerner Corporation, Epic Systems Corporation, and Allscripts Healthcare Solutions dominate the market with their comprehensive electronic health record (EHR) systems and integrated patient engagement modules. Additionally, technology giants like Microsoft, Google, and IBM have made significant forays into the healthcare sector, offering advanced analytics, cloud computing, and AI-driven solutions to enhance patient engagement. Furthermore, a multitude of startups and specialized firms contribute to the market’s dynamism by developing niche solutions such as remote patient monitoring devices, virtual care platforms, and behavior change applications. Collaborations, mergers, and acquisitions are common strategies among market players to expand their product portfolios, enhance technological capabilities, and capture a larger share of the burgeoning patient engagement solutions market.

Key Offerings:

Key offerings in the patient engagement solutions market encompass a spectrum of technologies and services aimed at improving patient outcomes and healthcare delivery. These offerings typically include patient portals for secure access to health records and communication with providers, mobile health applications enabling remote monitoring and medication adherence, telehealth platforms facilitating virtual consultations and remote care delivery, and interactive educational resources to empower patients with information about their health conditions and treatment options. Additionally, analytics and predictive modeling tools are becoming increasingly prevalent, enabling healthcare organizations to personalize patient engagement efforts and identify at-risk populations for proactive interventions. Integration capabilities with existing electronic health record systems and interoperability standards are also crucial offerings to ensure seamless data exchange and continuity of care across different healthcare settings.

Restraints :

One significant challenge is the issue of interoperability and data integration, as disparate systems and standards often hinder seamless exchange of patient information between different healthcare providers and platforms. Additionally, concerns regarding data privacy and security present barriers to widespread adoption, as patients and healthcare organizations alike are cautious about the protection of sensitive health information. Moreover, there may be resistance to change among both patients and healthcare professionals, stemming from factors such as cultural norms, technological literacy, and entrenched workflows. Financial constraints, particularly for smaller healthcare organizations, can also limit investment in patient engagement solutions, despite their potential long-term benefits. Lastly, regulatory complexities and compliance requirements pose additional challenges, as healthcare providers navigate evolving legal frameworks and standards while implementing patient engagement technologies.

Regional Information:

• In North America, Cerner Corporation, Epic Systems Corporation, and Allscripts Healthcare Solutions are prominent players dominating the patient engagement solutions market. These companies provide comprehensive electronic health record systems and patient engagement modules tailored to the specific needs of healthcare providers in the region, ensuring seamless communication and coordinated care delivery.

• Across Europe, Siemens Healthineers, Agfa-Gevaert Group, and Orion Health are key players shaping the patient engagement landscape. Siemens Healthineers specializes in advanced medical imaging and diagnostic solutions, complemented by Agfa-Gevaert Group’s expertise in healthcare IT systems. Orion Health focuses on interoperability and population health management platforms, addressing the diverse healthcare needs of European populations.

• In the Asia-Pacific region, Allm Inc., TietoEVRY, and WeDoctor Holdings Limited lead the way in patient engagement solutions. Allm Inc. offers mobile health apps tailored to the region’s digital-savvy population, while TietoEVRY provides innovative healthcare IT solutions. WeDoctor Holdings Limited is a prominent player in the digital health ecosystem, offering telemedicine and healthcare services across Asia-Pacific markets.

Recent Developments:

• In June 2022, Francisco Partners (US), a leading global investment firm that specializes in partnering with technology businesses, completed the acquisition of healthcare data and analytics assets that were chunk of IBM Watson Health. Under the ownership of Francisco Partners, the new standalone company has been called Merative. The company combines market-leading products that deliver value across the global healthcare ecosystem, serving clients in life sciences, imaging, health plans, and government health & human service sectors.

• In 2021, McKesson (US) announced a strategic agreement with Merck (US) that provided the two healthcare leaders to connect the power of real-world evidence (RWE) regarding the common goal of enhancing patient outcomes and the quality of cancer care.

Key Players:

Cerner Corporation, Epic Systems Corporation, Allscripts Healthcare Solutions,Siemens Healthineers,  Allm Inc., Grupo Fleury, and Middle East & Africa’s Al-Futtaim Health. 

Frequently Asked Questions

1) What is the projected market value of the Patient Engagement Solutions Market?

– The Patient Engagement Solutions Market is expected to reach an estimated value of USD 41.8 billion in revenue by 2029. 

2) What is the estimated CAGR of the Patient Engagement Solutions Market over the 2024 to 2029 forecast period?

– The CAGR is estimated to be 13.2% for the Patient Engagement Solutions Market over the 2024 to 2029.

3) Who are the key players in the Patient Engagement Solutions Market?

– Cerner Corporation, Epic Systems Corporation, Allscripts Healthcare Solutions,Siemens Healthineers,  Allm Inc., Grupo Fleury, and Middle East & Africa’s Al-Futtaim Health. 

4) What are the drivers for the Patient Engagement Solutions Market?

– The patient engagement solutions market is dominated by major healthcare IT companies like Cerner Corporation, Epic Systems Corporation, and Allscripts Healthcare Solutions, along with technology giants like Microsoft, Google, and IBM. Startups and specialized firms also contribute to the market. Collaborations, mergers, and acquisitions are common strategies for expanding product portfolios and technological capabilities.

5) What are the restraints and challenges in the Patient Engagement Solutions Market?

– Interoperability and data integration are key challenges in patient engagement, with disparate systems and standards hindering seamless exchange. Privacy and security concerns, cultural norms, financial constraints, and regulatory complexities also pose barriers to widespread adoption. Resistance, financial constraints, and evolving legal frameworks further complicate the process.

6) What are the key applications and offerings of the Patient Engagement Solutions Market?

– The patient engagement solutions market offers various technologies and services to enhance patient outcomes and healthcare delivery. These include patient portals, mobile health applications, telehealth platforms, interactive educational resources, analytics, predictive modeling tools, and integration with existing electronic health record systems for seamless data exchange and care continuity.

7) Which region is expected to drive the market for the forecast period?

– North America is expected to have the highest market growth from 2024 to 2029

 Why Choose Us?

Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients make strategic decisions, such as product development, market positioning, and marketing strategies.

Competitor Analysis: Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.

Industry Forecasts: Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.

Access to Industry Experts: Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market.

Time and Cost Savings: Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.

METHODOLOGY

At Global Market Studies, extensive research is done to create reports which have in-depth insights across all aspects of the market such as drivers, opportunities, challenges, restraints, market trends, regional insights, market segmentation, latest developments, key players for the forecast period. Multiple methods are used to derive both qualitative and quantitative information for the report:Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 1

PRIMARY RESEARCH

Through surveys and interviews, primary research is sourced mainly from experts from the core and related industry. It includes distributors, manufacturers, Directors, C-Level Executives and Managers, alliances certification organisations across various segments of the markets value chain. Both the supply-side and demand-side is interviewed.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 2

SECONDARY RESEARCH

Our sources of secondary research include Annual Reports, Journals, Press Releases, Company Websites, Paid Databases and our own Data Repository. They also include, investor presentations, certifies publications and articles by authorised regulatory bodies, trade directories and databases.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 3

MARKET SIZE ESTIMATION

After extensive secondary and primary research, both the Bottom-up and Top-down methods are used to analyse the data. In the Bottom-up Approach, Company revenues across multiple segments are gathered to derive the percentage split per market segment. From this the Segment wise market size is derived to give the Total Market Size. In the Top-down Approach the reverse method is used where the Total Market Size is first derived from primary sources and is split into Market Segment, Regional Split and so on.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 4Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 5

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 6

DATA TRIANGULATION:

All statistics are collected through extensive secondary research and verified by interviews conducted with supply-side and demand-side in the primary research to ensure that both primary and secondary data percentages, statistics and findings corroborate.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 7

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