PATIENT ENGAGEMENT SOLUTION MARKET ANALYSIS

Patient Engagement Solution MarketSize and Trends

Statistics:

The global patient engagement solutions market is estimated to account for US$ 20.0 Mn in terms of value in 2020 and is expected to reach US$ 80.1 Mn by the end of 2027.

Statistics:

On premise delivery mode held dominant position in the global patient engagement solutions market in 2019, accounting for 45.3% share in terms of value, followed by Software as a Service and Application Managed Service, respectively.

Figure 1. Global Patient Engagement Solutions Market Share (%), by Value, by Delivery Mode, 2019

The global patient engagement solutions market was valued at US$ 16.6 Mn in 2019 and is forecast to reach a value of US$ 80.1 Mn by 2027 at a CAGR of 21.9% between 2020 and 2027.

Figure 2. Global Patient Engagement Solutions Market Value (US$ Mn), and Y-o-Y Growth (%), 2019-2027

Market Trends/Key Takeaways

Major players in the global patient engagement solutions market are focused on adopting M&A strategies to expand their product portfolio. For instance, in June 2020, Pomelo Health (formerly Chronometriq) acquired Health Myself, a healthcare management company.

Increasing adoption of patient engagement solutions is expected to propel growth of the global patient engagement solutions market. For instance, in August 2020, Radix Health announced a partnership with Holyoke Health Center, a federally qualified community health center serving communities, under which the health center will use Radix Health’s DASHconnect to automate appointment scheduling and patient notifications.