Global Patient Engagement Technology Market Growth and Segmentation 2022, Size, Industry Share and Characteristics, Company Profiles, Top Revenues and SWOT Analysis to 2031

Kenneth Research, in its repository of market research reports, have recently added a report on the Global Patient Engagement Technology Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Global Patient Engagement Technology Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Patient Engagement Technology Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Patient Engagement Technology Market valued approximately USD 9.1 billion in 2017 is anticipated to grow with a healthy growth rate of more than 20.7% over the forecast period 2018-2025. The Patient Engagement Technology is developing and expanding at a significant pace. The Patient engagement technology market is mainly driven owing to rising initiatives taken by both the developed and developing countries, escalating awareness among the patient about patient engagement technology, rising number of chronic and infectious diseases and surging health benefits for individuals. In the present scenario, patients want to be involved in their healthcare decision-making process & those who are involved as decision-makers in their healthcare.

Patient engagement technologies precisely include factors such as health management, home health & financial health of the individual or patient. Key motive of the patient engagement is to recuperate the physician-patient bonding by making better health conditions and situations. It is pivotal for the healthcare providers to ensure security & follow the safety & privacy regulations during utilizing patient engagement tools and technology to convey medical information.

The regional analysis of Global Patient Engagement Technology Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the fastest growing region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to be the dominating region over the forecast period 2018-2025.

The leading market players mainly include-
Intelichart
Medfusion
MobileSmith
PDI Communications
Tactio Health
Max India
Roche Diagnostics Corporation
Religare

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Picture Archiving and Communication System
Vendor Neutral Archive
Application-Independent Clinical Archives
Enterprise Viewers

By End User:
Hospitals
Diagnostic Imaging Centres
Other End Users

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

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Target Audience of the Global Patient Engagement Technology Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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