Patient Engagement Technology Market Size 2022 Increased Patient Satisfaction and Experience Driving Growth at 15% CAGR by 2029

In-depth research into the patient engagement technology market has shown that patient engagement in healthcare is an important Measure of Effectiveness in Hospital Safety & Care Quality Management.

Luton, Bedfordshire, United Kingdom, November 01, 2022 (GLOBE NEWSWIRE) — Exactitude Consultancy, the market research and consultancy arm of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of a comprehensive research report on the patient experience technology market.

The global patient care technology market is projected to grow at 15% CAGR from 2022 to 2029. It is expected to reach over USD 42.21 billion by 2029.

The patient engagement technology market is expected to grow rapidly as the healthcare industry undergoes a transition from traditional volume-based payment systems to value-based payment systems. By adopting patient engagement technology, the healthcare industry can reduce costs while improving the quality of care. This technology also provides a good return on investment.

Mobile healthcare technology has also proven to be a powerful tool for engaging patients in healthcare. The adoption of mHealth applications is increasing due to the increasing emphasis on continuous monitoring of vital signs to manage various diseases such as cardiovascular diseases, obesity and diabetes. Mobile health technology can improve the care system by increasing the ability of health workers to reach vulnerable people and engage them in care. Many healthcare organizations offer mobile healthcare technology to their patients.

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As the patient engagement technology market is dynamic, a positive patient experience plays an important role in the success of patient engagement. However, many patient engagement technologies do not provide a better patient experience and there have been many complaints about them, resulting in healthcare providers looking to replace their current providers. I was needed. Therefore, the alternative market for patient engagement technology presents a huge opportunity for marketers due to the limited use of current patient engagement technology.

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Recent Developments:

  • In 2021, Press Ganey (US) joined the Beryl Institute (US), an international network of health professionals and professional champions. Through this collaboration, Press Ganey will focus on improving the health care experience.

  • In 2021, Vocera (US) has partnered with Amazon (US) to build Vocera technology for Alexa. Vocera Skill will expand the Vocera ecosystem to include a hands-free and immersive voice experience for patients and families.

  • In 2021, SONIFI Health (US) and CipherHealth (US) entered into a strategic partnership to take advantage of the key opportunities of both solution providers and provide the health system with a comprehensive patient network and an efficient care system.

Report Format

Details

Market size growth in 2022

12 billion US dollars

Revenue projections in 2030

42.21 billion US dollars

A lot of growth

CAGR of 15% from 2022 to 2029

Base year for evaluation

2021

Historical information

2017-2020

During the forecast

2022 to 2029

Unit count

Revenue in million dollars and CAGR from 2022 to 2029

Reporting

Revenue forecast, company profile, competitive landscape, developments, and trends

closed sections

Delivery type, segment, services, therapeutic area, application, end user, region

Areas covered

North America; Europe; Asia Pacific; Latin America; MEA

National Family

America; You have; Great Britain; Germany; Italy; France; Spain; Netherlands; Sweden; Russia; Japan; China; India; Australia; South Korea; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; Israel; UAE

Big companies appear

Cerner Corporation (Oracle); NextGen Healthcare, Inc.; Epic Systems Corporation; Allscripts Healthcare, LLC; McKesson Corporation; ResMed; Koninklijke Philips NV; Clear Technologies, Inc.; CPSI; Experian Information Solutions, Inc.; athenahealth, Inc.; Solutionreach, Inc.; IBM; MEDHOST; Provided by Nuance Communications, Inc.

Pricing and purchasing options

Use the special shopping options to meet your exact search needs. Check out the purchase options

Professional Professionals Professional Professionals

The leading technology players include Epic MyChart Bedside, Spok, Care Systems (formerly Mobizio), Getwell, AthenaCoordinator, eClinicalWorks, SimplePractice, Luma Health, Allscripts, ChiroTouch, Phreesia, DrChrono, SoftClinic, Solutionreach, WebPT, RevenueWell, Salesforce Health Cloud, patientNOW, PracticeSuite.

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https://exactitudeconsultancy.com/reports/10262/patient-experience-technology-market

Market Key: Patient Experience Technology Market

Patient Experience Technology Market by TypePatient Care Program (IPC)

Patient Experience Technology Market by Application

Area Analysis

North America will receive the largest revenue share of over 35.0% in 2021 due to the presence of major players, increasing adoption of mHealth and EHR, and increasing investment in patient engagement software by major players. Also, increasing public awareness and government spending on healthcare is expected to boost growth. Europe has the second largest share in 2021, which public support systems such as the British National Health Service (NHS). For example, the NHS plans to go completely paperless by 2020 and give patients access to an EHR from 2018.

Driver: Government regulations and good policies to increase the adoption of HCIT methods

Increasing patient demand for quality care is driving health systems around the world to adopt modern technologies that help reduce costs, improve quality of care, and reduce administrative inefficiencies. This ensures access to an efficient patient experience platform for all hospitals. The HITECH Act established ONC and authorized the US Department of Health and Human Services to establish programs to improve the efficiency, safety, and quality of health care through the development of health IT. Initiatives like this are expected to drive innovative technology solutions for the patient experience.

Opportunity: The benefits of patient experience methods have been proven in improving the financial performance of hospitals

Payers are looking for better value and helping hospitals focus on the patient experience. Programs like the Hospital Value-Based Purchasing (VBP) program reward hospitals for accurate patient reporting. As a result, patient satisfaction for various reasons, such as nighttime noise levels and the communication skills of doctors and nurses, have become important performance indicators for hospitals.

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Benefits for Hospitals and Clinics (Providers)/Payers

  • Increase patient satisfaction and experience

  • Improved clinical outcomes and quality of care

  • More on-time appointments and fewer shows

  • Help to meet the Terms of Reasonable Use (MU).

  • Reduction in hospital readmission rates

  • Increase patient retention

  • Lower costs overall

Benefits for Patients

  • Easy access to health information – Patients can easily access medical information anytime, anywhere through patient engagement technology or platforms

  • Easy communication between patient and provider – e-visits and secure messaging for patients to communicate with providers using mobile devices.

  • Effortlessly monitor treatment progress – Patients can view and share their medical information and receive test results on their mobile devices

  • Increased patient satisfaction: Greater understanding of care through PES; The value-based care program feature in PES allows patients to pay more for the value of care received.

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