The Global Patient Engagement Solutions Market size was estimated at USD 15.1 billion in 2020 and is expected to reach USD 58.70 billion in 2027 anticipated to register a CAGR of 21.4% over the forecast period. The market for patient engagement solutions is mainly driven by the increasing utilization of electronic health records for patient-centric care and the adoption of mobile health devices. According to a survey conducted by the NHS in 2019, approximately 92.0% of patients feel assured in self-managing treatment.
Patient engagement solutions help patients manage their healthcare information and allows for greater interaction of the medical team with the patients. It is essential for to provide the necessary tools to actively engage in the management of their own health. Better access to healthcare providers and personal healthcare information helps patients to assists effective self-care. Cost-effective healthcare, increased patient outreach, fewer complications, lower hospital readmission rates, shorter hospitalization periods, and improved quality of health care are some of the benefits associated with patient engagement solutions. It shares information and communication to support patient and to improve workflow efficiencies. Moreover, it helps to reduce administrative costs. Patient engagement solutions enhance patient-provider communication and keep both the patient and care team up to date about the individual health data.
Healthcare organizations must improve quality and efficiency with few resources with the help of the solution. It assists physicians in providing better diagnosis and more coordinated care by recording information about patients' healthcare and also allows for the sharing of clinical summaries among care teams. There is growing interest among patients to track their personal health by accessing electronic health records. Moreover, the growing trend of mobile health applications and wearable health data trackers are influencing consumers to access their personal healthcare records, in turn, increasing demand for patient engagement solutions.
North America dominates the global market for patient engagement solutions due to rising chronic diseases, regulatory mandates by Affordable Care Act, increasing demand for quality care, rising healthcare costs, and rise in geriatric population in the region. Asia is expected to show high growth rates over the next five years in the global patient engagement solutions market. China and India are anticipated to be the fastest growing markets in the Asia-Pacific region. The key driving forces for the market in developing countries are the large pool of patients, increasing awareness about diseases, rising healthcare costs, improving healthcare infrastructure, increasing healthcare information technology adoption, and growth of medical tourism in these regions.
Patient engagement solutions help patients manage their healthcare information and allows for greater interaction of the medical team with the patients. It is essential for to provide the necessary tools to actively engage in the management of their own health. Better access to healthcare providers and personal healthcare information helps patients to assists effective self-care. Cost-effective healthcare, increased patient outreach, fewer complications, lower hospital readmission rates, shorter hospitalization periods, and improved quality of health care are some of the benefits associated with patient engagement solutions. It shares information and communication to support patient and to improve workflow efficiencies. Moreover, it helps to reduce administrative costs. Patient engagement solutions enhance patient-provider communication and keep both the patient and care team up to date about the individual health data.
Healthcare organizations must improve quality and efficiency with few resources with the help of the solution. It assists physicians in providing better diagnosis and more coordinated care by recording information about patients' healthcare and also allows for the sharing of clinical summaries among care teams. There is growing interest among patients to track their personal health by accessing electronic health records. Moreover, the growing trend of mobile health applications and wearable health data trackers are influencing consumers to access their personal healthcare records, in turn, increasing demand for patient engagement solutions.
North America dominates the global market for patient engagement solutions due to rising chronic diseases, regulatory mandates by Affordable Care Act, increasing demand for quality care, rising healthcare costs, and rise in geriatric population in the region. Asia is expected to show high growth rates over the next five years in the global patient engagement solutions market. China and India are anticipated to be the fastest growing markets in the Asia-Pacific region. The key driving forces for the market in developing countries are the large pool of patients, increasing awareness about diseases, rising healthcare costs, improving healthcare infrastructure, increasing healthcare information technology adoption, and growth of medical tourism in these regions.
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