Patient Engagement Solution Market to Grow at 13% CAGR By 2031 Owing to Seamless Access of Patient Data & Increasing Workflow Efficacy
NEW YORK, Oct. 12, 2021 /PRNewswire/ -- As per findings by Persistence Market Research, the worldwide patient engagement solution market reached a valuation of around US$ 12.2 Bn in 2020, and is anticipated to surge at a CAGR of 13% over the next ten years.
Patient engagement software solutions facilitate patient data management and hospital management. These are patient engagement platforms that automate appointment management, which reduces long waiting hours for patients.
The healthcare sector has shifted from paper to electronic due to speedy growth of digital technology. This has resulted in growth of patient engagement services globally. Healthcare organizations generate a significant amount of data daily, and managing a lot of data can be a challenging task with in-house equipment. With the help of cloud computing and virtual infrastructure, caregivers can obtain real-time information and offer evidence-based treatment for patients.
Companies are involved in partnerships, mergers, acquisitions, and innovative product launches to drive revenue and sustain in the competition.
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"Key players are focusing on continuous developments and implementation of new technologies/software such as advanced patient engagement technology and integrated patient engagement software offering various applications such as social management, financial health management, and home healthcare management. Real-time patient monitoring and online appointment scheduling features will create attractive opportunities for the market participants," says a Persistence Market Research analyst.
Easy & Efficient Access to Patient Engagement Tools & Solutions Driving Market Growth
Healthcare providers are using powerful patient engagement tools with artificial intelligence (AI), Internet of Things (IoT) and chatbots to provide highly personalized medical advice. Internet of Things is monitoring micro-processes such as patient discharge and hospital bed availability. Technology to facilitate more engagement and to smoothen patient care will be highly sought-after in the healthcare market.
Medical professionals can effectively communicate with patients, create new channels of patient engagement, and treat them with the help of new connected health solutions. This will help in informing patients about their health and give them better outcomes.
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Persistence Market Research puts forward an unbiased analysis of the global market for patient engagement solution market, providing historical demand data (2016-2020) and forecast statistics for the period 2021-2031.
To understand the opportunities in the market, it has been segmented on the basis of solution (software (integrated patient engagement software, and standalone software (scheduling software, billing software, secure messaging software, and others)), services (implementation & integration, consulting, and support & maintenance)), deployment (cloud and on-premise), and application (health management, social management, home healthcare management, financial health management, and others), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Pacific, and MEA).
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