Patient Engagement Technology Market worth $27.9 billion, Global trend, Application, Recent Company Update, Forecast by 2027

Posted January 12, 2023 by Prachi001

The global patient engagement technology market is projected to reach USD 27.9 billion by 2027 from USD 17.3 billion in 2022, at a CAGR of 10.0%.
The Global Report Patient Engagement Technology Market an Innovative Tool for Healthcare Industry, Global End User Market Trends and Analysis - (Price Analysis, Replacement Trends and Factor Analysis, Selection Criteria, Buying Behavior and Mobile health)", examines and studies the patient engagement technology in terms of pricing, role of Mhealth,vendor replacement trends, and selection criteria of implementing patient engagement technology from providers’ perspective. The global patient engagement technology market is projected to reach USD 27.9 billion by 2027 from USD 17.3 billion in 2022, at a CAGR of 10.0%.

Download PDF Brochure:

Browse in-depth TOC on "Patient Engagement Technology Market”

16 – Tables

9 – Figures

70 – Pages

Scope of the Report:

This report provides a qualitative assessment of the patient engagement technology in terms of pricing, vendor replacement trends, factors affecting replacement trends, and selection criteria of adopting patient engagement technology from providers’ perspective.

Patient Engagement Technology Market: Pricing Analysis of Patient Engagement Technology

Licensing fees
Implementation fees
Annual license maintenance fees
Up-gradation and integration fees
Consulting fees
The patient engagement technology market is projected to rapidly grow as the healthcare industry witnessed a change to a value-based reimbursement system from the traditional volume-based fee for reimbursement system and quality treatment. Adoption of patient engagement technology provides the healthcare industry to minimize price while improving the quality of healthcare. The patient engagement technology also delivers positive returns on investment.

Furthermore, legislative reforms of The Health Insurance Portability and Accountability Act (HIPAA), Affordable Care Act (ACA) in the U.S. and Health and Social Care Act 2008 in Europe, government incentives, increasing aging population, and rising awareness to self-monitor health, has stimulated the adoption of patient engagement technology in the healthcare industry. However, in spite of numerous benefits, certain barriers such as large investments requirement, fragmented end-user market, and security and safety of patient data are restraining the growth of this market.

The study provides granular information about the pricing of patient engagement technology with a breakdown into several price components. The report also provides insights on replacement market for patient engagement technology and factors affecting the replacement trends; this market presents numerous opportunities for vendors in the market due to the dearth of allied functionality and interoperability issues in the existing patient engagement technology.

Request Sample Pages:

The research findings included in the report encapsulate the buying behavior of hospitals for patient engagement technology. It analyses hospitals buying behavior taking into account the role of key stakeholders in the hospital and the size of the hospital. Physicians are reported to use this technology majorly to improve patient communication and satisfaction, better serve patients to self-manage their care, and a large percentage of patients reported that they used it for viewing diagnostic tests and records. Selection criteria considered by providers for embracing patient engagement technology is also considered in the scope of the study. A separate section on assessment of lucrative end-user segments is a value-add for the report as well as for its stakeholders. The report also analyzes at length vendor replacement trends and the implementation status (2022) of mobile technology used for patient engagement against various applications.

Get 10% Free Customization on this Report:

Browse Adjacent Market: Surgical Instrument Tracking Systems Market Research Reports & Consulting

Related Reports:

laboratory-equipment-service-market by Type (Repair & Maintenance, Calibration, Validation), Contract (Standard, Custom), Equipment (Analytical, Equipment, General, Support), Service Provider (OEM), and End User (Pharmaceutical) - Global Forecast to 2024

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Aashish Mehra
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: [email protected]

Visit Our Website:

Content Source:
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By
Business Address PUNE
Country India
Categories Health , Industry , Internet
Tags patient engagement technology market , patient engagement technology market by application , patient engagement technology market growth
Last Updated January 12, 2023