What This Report
Will Provide?
This study involved four major activities in estimating the current size of the
interactive patient engagement solution market. Exhaustive secondary research
was carried out to collect information on the market, its peer markets, and its
parent market.
The next step was to validate these findings, assumptions, and sizing with
industry experts across the value chain through primary research. Both top-down
and bottom-up approaches were employed to estimate the complete market size.
After that, market breakdown and data triangulation procedures were used to
estimate the size of segments and subsegments.
Expected Revenue Growth:
[152
Pages Report] The interactive
patient engagement solution market is projected to reach USD 291 million by
2026 from USD 127 million in 2021, at a CAGR of 17.9%
Major Growth Boosters:
The growth of this market is
driven by the need for the adoption of improved Interactive Patient Engagement
Solution, growing number of collaborations and partnerships between
stakeholders, and favorable government regulations and initiatives to promote
the adoption of these solutions. However, high infrastructural requirements and
implementation costs and data security concerns are expected to restrain the
growth of this market to a certain extent during the forecast period.
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Recent Developments:
In March 2021, Get Well Network launched GetWell Anywhere, a mobile experience
providing patients easy access to engagement solutions on their personal
devices across all interactive patient care settings.
In January 2021, GetWellNetwork acquired Docent Health, an innovative
enterprise consumer engagement platform. The combined product offerings will
help GetWellNetwork to create a more comprehensive, seamless, and integrated
patient engagement experience.
In September 2020, SONIFI Health collaborated with Siemens Connect Ecosystem.
The collaborative effort was aimed at serving healthcare systems that are
shifting towards smart rooms. The integration of Siemens platforms with SONIFI
Health’s patient engagement system will help in providing hospitals and other
healthcare organizations greater control and comfort to patients.
North America to Register Highest Growth Market:
In 2020, North America
accounted for the largest share of 60.9% of the Interactive Patient Engagement
Solution market. This market is also expected to grow at the highest CAGR
during the forecasted period. The large share and the high growth of this
market can be attributed to favorable government initiatives, the rising
prevalence of chronic diseases, and rising awareness about digital healthcare
products.
Key
Questions Addressed in The Report:
1.
Who are the top 10 players
operating in the global Interactive Patient Engagement Solution Market?
2. What are the drivers, restraints, opportunities, and challenges in the
Industry?
3. What are the opportunities for stakeholders and provide details of the
competitive landscape for key players?
4. What will be growth of Interactive
Patient Engagement Solution Market in North America, Europe, Asia Pacific, Latin
America, and the Middle East and Africa?
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Key Players:
The key players have a strong
foothold in the market and offer a wide range of products. Some of the key
players in this market are GetWellNetwork (US), SONIFI Health (US), Epic
Systems Corporation (US), and Allen Technologies (US).