# The Patient Engagement Solutions Market to grow on a satisfactory note
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2021-12-13
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Patient Engagement Solutions Market to Witness Remarkable
Meta Description: Explore the growth of patient engagement solutions in healthcare, with a projected CAGR of 13% over the next decade. Discover key trends and innovative
URL: https://financedigest.com/the-patient-engagement-solutions-market-to-grow-on-a-satisfactory-notehtml

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The Patient Engagement Solutions Market, in the next 10 years, is expected to substantiate. Hospital decision support solutions are being floated, and the status quo is expected to stay the same even going forward. Herein, value propositions are made to the society on the whole and patients in particular by the government, private insurance companies, and social [security organizations working](https://www.financedigest.com/combating-the-security-risk-of-remote-working.html "Combating the security risk of remote working ") in unison. As such, the healthcare industry is [expected to witness a good number of clinical outcomes in the forthcoming period](https://www.financedigest.com/inflatable-tents-market-is-expected-to-grow-at-a-cagr-of-7-5-during-the-period-2022-and-2028-says-fmi.html "Inflatable Tents Market is expected to grow at a CAGR of 7.5% during the period 2022 and 2028, Says FMI").

As per findings by Persistence Market Research, the worldwide [**patient engagement solution market**](https://www.persistencemarketresearch.com/market-research/patient-engagement-solutions-market.asp) 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](https://www.financedigest.com/redpalm-enhances-client-engagement-with-vias-advanced-call-routing-solution.html "REDPALM ENHANCES CLIENT ENGAGEMENT WITH VIA’S ADVANCED CALL ROUTING SOLUTION ") facilitate patient data management and hospital management. These are patient [engagement platforms](https://www.financedigest.com/5-ways-a-ccm-platform-can-help-improve-customer-engagement-in-insurance.html "5 Ways a CCM platform can help improve customer engagement in insurance") 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](https://www.financedigest.com/digital-technology-and-startups-during-a-recession-how-to-stay-afloat.html "Digital Technology and Startups During a Recession — How to Stay Afloat"). This has resulted in [growth of patient engagement](https://www.financedigest.com/different-employee-engagement-outcomes-for-u-s-and-canadian-companies-amidst-continued-economic-growth-pressures.html "DIFFERENT EMPLOYEE ENGAGEMENT OUTCOMES FOR U.S. AND CANADIAN COMPANIES AMIDST CONTINUED ECONOMIC GROWTH Pressures") 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](https://www.financedigest.com/the-value-of-cloud-computing.html "The Value of Cloud Computing") and virtual infrastructure, caregivers can obtain real-time information and offer evidence-based treatment for patients.

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Companies are involved in partnerships, mergers, acquisitions, and [innovative product launches](https://www.financedigest.com/new-charitable-commission-sharing-model-is-for-lifeprice-comparison-website-launch-bolstered-by-innovative-approach.html "New charitable commission-sharing model is for lifePrice comparison website launch bolstered by innovative approach") to drive revenue and sustain in the competition.

- In January 2021, Nuance Communications, Inc. introduced a new patient engagement [platform that provides](https://www.financedigest.com/fico-provides-decisioning-platform-for-smartphone-only-buddybank-in-italy.html "FICO Provides Decisioning Platform for Smartphone-Only buddybank in Italy") seamless, consistent, and unified omni-channel experiences, advanced and unified data analytics, and integrates and extends capabilities of core systems infrastructure. The company [launched an AI-powered patient engagement virtual assistant platform](https://www.financedigest.com/fime-launches-the-next-generationof-its-emv-level-3-test-platform.html "FIME launches the next generationof its EMV Level 3 test platform") to transform voice and digital experiences across the patient journey.
- In October 2019, McKesson and Augmedix [expanded a collaboration to enhance the doctor-patient relationship](https://www.financedigest.com/de-surinaamsche-bank-expands-relationship-with-fiserv-to-upgrade-core-banking-platform-and-add-new-digital-banking-capabilities.html "De Surinaamsche Bank Expands Relationship with Fiserv to Upgrade Core Banking Platform and Add New Digital Banking Capabilities"). With this collaboration, McKesson will offer Augmedix EHR charting services to specialty practices with a mission for providers to spend less time on data entry and more time on [patient care](https://www.financedigest.com/health-care-systems-show-moderate-decrease-in-liability-claims-find-correlation-between-worker-safety-and-patient-safety.html "Health Care Systems Show Moderate Decrease in Liability Claims, Find Correlation Between Worker Safety and Patient Safety").
- In June 2021, Athenahealth, a leading provider of network-enabled [software and services for medical groups](https://www.financedigest.com/iris-software-group-acquires-ps-financials.html "IRIS Software Group acquires PS Financials ") and health systems, announced that with iOS, 15 customers in the U.S. can offer their patients the option to [share important everyday health information stored in the Apple Health app –heart rate](https://www.financedigest.com/shares-steady-dollar-dips-as-us-holiday-lifts-rates-gloom.html "Shares steady, dollar dips as US holiday lifts rates gloom"), detected falls, hours of sleep, or exercise minutes – directly with their providers.

**Company Profiles:**

- Allscripts Healthcare Solutions
- McKesson Corporation
- Cerner Corporation
- Phytel Inc
- Medecision Inc
- Athenahealth, Inc.
- Novartis
- Roche Holding AG
- Bayer
- GlaxoSmithKline
- IQVIA

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**Key Takeaways from Market Study**

- The South Asia & Pacific region is expected to create lucrative growth opportunities for [market players due to increased need](https://www.financedigest.com/why-markets-need-a-players-more-than-ever-before.html "Why markets need A-Players more than ever before") for cost-effective and quality care, and replacement and progression of medical infrastructure in the region.
- Key players in the market are focusing on [acquisitions to complement their product portfolios](https://www.financedigest.com/incentive-fm-group-strengthenswindow-cleaning-portfolio-with-acquisition.html "INCENTIVE FM GROUP STRENGTHENSWINDOW CLEANING PORTFOLIO WITH ACQUISITION"), so as to cater to the needs of a variety of customers. Market participants are also focusing on [providing products directly to end users to improve direct customer](https://www.financedigest.com/banks-can-provide-a-protective-shield-to-defend-customers-from-cyber-attack.html "Banks can provide a protective shield to defend customers from cyber attack") relations.
- The market in the U.S. is [projected to expand at a CAGR](https://www.financedigest.com/rapid-expansion-projected-for-metallized-films-market-during-2018-2028-at-a-cagr-of-5-1.html "Rapid Expansion Projected for Metallized Films Market during (2018- 2028) at a CAGR of 5.1%") of 9.3% through 2031, while that in Germany at around 10.7%.
- Market growth in China, Japan, and India is expected to be much higher, at CAGRS of around 15%, 17.0%, and 23%, respectively.

**“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](https://www.financedigest.com/how-can-fintechs-better-engage-zillennials-with-their-financial-health-the-answer-lies-in-speaking-to-them-in-their-own-language.html "How can fintechs better engage Zillennials with their financial health? The answer lies in speaking to them in their own language") 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.

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**Easy & Efficient Access to Patient Engagement Tools &** [Solutions Driving Market Growth](https://www.financedigest.com/retreating-up-the-risk-curve-is-no-solution-to-the-growth-challenge.html "Retreating up the risk curve is no solution to the growth challenge")

Healthcare providers are using powerful patient engagement tools with artificial intelligence (AI), [Internet of Things](https://www.financedigest.com/2017-the-year-of-the-internet-of-some-things.html "2017 – The year of the Internet of ‘SOME’ 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](https://www.financedigest.com/aon-completes-acquisition-of-health-and-benefits-brokerage-and-solutions-firm-admix.html "Aon completes acquisition of health and benefits brokerage and solutions firm Admix"). 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](https://www.financedigest.com/toyotas-july-global-vehicle-output-drops-again-puts-annual-target-in-doubt.html "Toyota’s July global vehicle output drops again, puts annual target in doubt") 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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