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Patient Engagement Solutions Market Size to Expand Lucratively and Reach $42.43 Bn by 2031 – Explained Details | Updated InsightAce Study
JERSEY CITY, N.J., July 20, 2023 /PRNewswire/ — InsightAce Analytic Pvt. Ltd. announces the release of the market assessment report on “Global Patient Engagement Solutions Market Size, Share & Trends Analysis Report By Deployment Option (Cloud-based Solutions, On-Premise Solutions, and Web-based Solutions), By Type of Solution Offered (Appointment Management Solutions, Electronic Health Record Integration Solutions, Patient Education Solutions, Remote Patient Monitoring Solutions, and Other Solutions), By Application Area (Financial Health Management, Fitness & Wellbeing, Home Health Management, Research & Development, and Social Health Management), By End-user (Healthcare Providers, Individuals, Payers, and Other End-users) Market Outlook And Industry Analysis 2031″
According to the latest research by InsightAce Analytic, the Global Patient Engagement Solutions Market Size is valued at US$ 10.70 Bn in 2022, and it is expected to reach US$ 42.43 Bn in 2031, recording a promising CAGR of 17.05% during the forecast period of 2023-2031.
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Patient Engagement Solutions involve innovative healthcare technologies that connect clinicians, patients, payers, and partners in differentiated ways. The patient engagement solutions allow access to patient data anytime, anywhere, which aids in delivering high-quality and sustainable healthcare for all.
Patient engagement software and platforms allow patients to access their medical records, schedule appointments and communicate with doctors, making remote patient monitoring easy. Recent advances in patient engagement technology, including artificial intelligence (AI), machine learning, personalized care, telemedicine, and remote monitoring tools, have revolutionized the healthcare sector by digitizing all aspects of care.
Nowadays, the healthcare sector is turning to information technologies to increase patient engagement in general and handle COVID-19 in particular. Doctors can use modern IT technology to reach their patients anytime and anywhere and provide helpful information at the right time.
Patient engagement systems have various benefits, including appointment reminders and effortless rescheduling, ease of access, patient education, real-time data management, prescription refills, chatbot or messaging options, enhanced communication between patients and their healthcare providers, and remote access to healthcare services. Considering these benefits and the need for virtual healthcare, companies are innovating and implementing different patient engagement strategies, likely to surge the market growth during the forecast period.
Some of the prominent players in the Patient Engagement Solutions Market are:
- AdvancedMD
- Allscripts Healthcare Solutions
- athenahealth, Inc.
- Boston Scientific Corporation
- Cerner Corporation
- Cisco Systems, Inc.
- Cognizant
- Coviu
- CPSI
- CureMD Healthcare
- eClinicalWorks
- Epic Systems Corporation
- GE Healthcare
- Get Real Health
- GetWellNetwork Inc.
- Harris Healthcare
- Health Catalyst
- IBM Corporation
- IQVIA
- Kareo
- Klara Technologies, Inc.
- Koninklijke Philips N.V.
- Lincor Solutions Ltd.
- McKesson Corporation
- Medecision Inc.
- Medhost
- MediBuddy
- Medisysinc.Com
- Meditech
- Medtronic
- Microsoft
- Mocero Health
- NextGen Healthcare, Inc.
- Nuance Communications, Inc.
- Oneview Healthcare
- Orion Health Ltd.
- Patient point LLC
- Philips
- Physitrack
- Phytel Inc.
- ResMed
- Solutionreach, Inc.
- SolvEdge
- Symphony Care
- Validic
- Veradigm (formly Allscript)
- Vivify Health
- Well-Beat
- WellStack
- Wolters Kluwer
- YourCareUniverse Inc.
Patient Engagement Solutions Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 10.70 Bn |
|
Revenue Forecast In 2031 |
USD 42.43 Bn |
|
Growth Rate CAGR |
CAGR of 17.05 % from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Deployment Option, By Type of Solution Offered, By Application Area, By End-User |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Athenahealth, Coviu, GetWellNetwork, Health Catalyst, MediBuddy, Mocero Health, Orion Health, Physitrack, SolvEdge, Veradigm (formly Allscript), Well-Beat, Wolters Kluwer, IBM, McKesson Corporation, Allscripts, Cerner Corporation, Epic Systems Corporation, Orion Health, GetWellNetwork athenahealth, Oneview Healthcare, MEDITECH, IQVIA, Get Real Health, Cognizant, Symphony Care, Harris Healthcare, Kareo, CureMD Healthcare, eClinicalWorks, Lincor Solutions, AdvancedMD, WellStack, IQVIA, Vivify Health, Medhost, Validic, MEDISYSINC, Patient point LLC, and Others. |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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Market Dynamics:
Drivers:
The rising trend of using digital applications has accelerated the growth of this market. Additionally, the high prevalence of chronic diseases, rising government efforts to create awareness regarding healthcare engagement solutions, R&D activities by market players to innovate tools with high efficiency & security and government support to develop easily accessible healthcare solutions have further helped this market to grow during the forecast period.
Furthermore, the rapid implementation of cloud-based platforms and easy access to real-time data contributes to market growth. Several pharmaceutical companies use patient engagement tools to improve patient retention rates in clinical studies, which is anticipated to compel the demand for patient engagement solutions in the coming future. The COVID-19 outbreak has expanded the use of patient engagement solutions such as telehealth and virtual care, which is likely to witness significant growth during the projected period.
Challenges:
However, the lack of awareness bout digital healthcare solutions and patient data security concerns are predicted to impede market expansion during the forecast period. In addition, the scarcity of skilled IT professionals, high-priced healthcare IT systems, and maintenance & software update costs of these systems may restrict the market demand.
Regional Trends:
North America accounted for the maximum revenue share of the patient engagement solutions market in 2022. Major driving factors of this market are the increasing prevalence of chronic diseases, the need to reduce healthcare costs for better accessibility, well-developed infrastructure of industries, rising government initiatives to improve healthcare systems, and the demand for real-time data access.
In addition, Asia Pacific is expected to increase its participation in the global patient engagement solutions market over the projected period. The market in this region can be driven by the rapid expansion of cloud-based technology in healthcare and the high demand for high-quality, affordable healthcare services.
Key developments in the market:
- In May 2023, Athenahealth, Inc. announced that LCH Health and Community Services had implemented athenaOne, athenahealth’s integrated, cloud-based electronic health record (EHR), medical billing, and patient engagement solution, and athenaOne Dental, to provide a more unified experience for its patients & providers and to support the nonprofit’s growth strategy.
- In May 2023, MediBuddy collaborated with Indel Money Limited to provide Indel Money Gold customers with access to various healthcare services, including unlimited General Physician consultation, health check-ups, and lab benefits up to Rs. 1000, and free delivery of medicines.
- In April 2023, Athenahealth rolled out a new tool called the Patient Digital Engagement Index to measure how well patients engage with digital health.
- In July 2022, Health Catalyst, Inc. partnered with MemorialCare Miller Children’s & Women’s Hospital Long Beach, a leading, innovative nonprofit health system in Orange and Los Angeles Counties to improve care outcomes with innovative patient engagement technology.
- In July 2022, MediBuddy acquired Clinix, an online doctor consultation startup. This acquisition will help MediBuddy penetrate the domestic rural market.
Market Segments
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on Deployment Option
- Cloud-based Solution
- On-Premise Solutions
- Web-based Solutions
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on Type of Solution Offered
- Appointment Management Solutions
- Electronic Health Record Integration Solutions
- Patient Education Solutions
- Remote Patient Monitoring Solutions
- Other Solutions
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on Application Area
- Financial Health Management
- Fitness and Wellbeing
- Home Health Management
- Research and Development
- Social Health Management
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on End-user
- Healthcare Providers
- Individuals
- Payers
- Others
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
North America Patient Engagement Solutions Market Revenue (US$ Bn) by Country, 2023 to 2031
- U.S.
- Canada
Europe Patient Engagement Solutions Market Revenue (US$ Bn) by Country, 2023 to 2031
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia Pacific Patient Engagement Solutions Market Revenue (US$ Bn) by Country, 2023 to 2031
- India
- China
- Japan
- South Korea
- Australia & New Zealand
Latin America Patient Engagement Solutions Market Revenue (US$ Bn) by Country, 2023 to 2031
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa Patient Engagement Solutions Market Revenue (US$ Bn) by Country, 2023 to 2031
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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Why should buy this report:
- To receive a comprehensive analysis of the prospects for the global Patient Engagement Solutions Market
- To receive an industry overview and future trends in the global Patient Engagement Solutions Market
- To analyze the Patient Engagement Solutions Market drivers and challenges
- To get information on the Patient Engagement Solutions Market size value (US$ Mn) forecast till 2031
- Major Investments, Mergers & Acquisitions in the global Patient Engagement Solutions Market industry
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Binance, a leading cryptocurrency exchange, has announced adjustments to the tick size (the minimum change in the unit price) of specific spot trading pairs. These adjustments are aimed at enhancing market liquidity and improving the overall trading experience for users. The changes are scheduled to be completed by 05:00 (UTC) and 07:00 (UTC) on May 23, 2024.
Traders can find details about the tick sizes of all spot trading pairs on Binance in the platform’s Trading Rules. Importantly, the adjustment will not impact spot trading and related functionalities. API users will also observe changes in the tick size, and they can stay updated with the latest tick size using the GET /api/v3/exchangeInfo endpoint. Additional details and updates can be found in the API Changelog.
Existing spot orders will not be affected by the tick size update. Orders placed before the update will continue to be matched with the original tick size. However, traders are advised to adjust their trading strategies accordingly to avoid any unnecessary impact on their trading activities.
Binance emphasizes the importance of referencing the English version of the announcement for the most accurate and up-to-date information, as there may be discrepancies in translated versions. The exchange remains committed to providing a seamless trading experience and appreciates the support of its users. Users are reminded to exercise caution and make informed decisions when trading on the platform.
Source: blockchain.news
The post Binance Announces Adjustment of Tick Size for Spot Trading Pairs appeared first on HIPTHER Alerts.
According to an official announcement released on May 16, 2024, OKX will introduce new USDC trading pairs in the spot trading section between 7:00 am and 8:00 am UTC on May 20, 2024. This addition aims to broaden trading options for OKX users and contribute to the expanding USDC ecosystem.
In light of the risks associated with digital asset trading, OKX has issued a cautionary note to all users. They emphasize that information provided by OKX and third parties is for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information and does not provide financial, investment, or other forms of advice.
OKX highlights the speculative nature and high volatility of digital assets, cautioning that they may become illiquid at any time, potentially resulting in the loss of the entire investment. Therefore, OKX advises users to conduct thorough research and assess their risk tolerance before engaging in digital asset trading.
For inquiries regarding the new USDC spot trading pairs or any other concerns, users can contact OKX through their support center or engage with the OKX team on various platforms. OKX’s proactive approach in addressing user inquiries and fostering community interaction underscores its commitment to user satisfaction and the overall growth of the crypto ecosystem.
Source: blockchain.news
The post OKX Announces Support for New USDC Spot Trading Pairs appeared first on HIPTHER Alerts.
ShibaSwap, the decentralized exchange (DEX) affiliated with the Shiba Inu ecosystem, has announced a significant upgrade by migrating to the Shibarium blockchain. This move is expected to introduce a range of new utilities for users, as stated in a recent press release.
The upgrade includes features such as a revamped dashboard, enhanced user experience, discovery charts for trending tokens, and an improved process for onboarding new tokens onto the DEX.
Lead developer Shytoshi Kusama expressed enthusiasm for the upgrade, highlighting its potential to empower DEFI innovators and facilitate community token interaction on Shibarium. Kusama also invited the community to explore the new swap and encouraged existing Shibarium tokens to transition to the platform seamlessly, while assuring that further updates are in the pipeline.
A portion of transaction fees will be utilized to enhance liquidity pool (LP) value in swap transactions, benefiting users and the yield farming community, according to the press release.
The upgrade rollout will prioritize enhancing discovery and can be expected to include more regular updates and upgrades, as noted by fellow developer and contributor Kaal.
The upgrade aims to minimize gas fees and ensure faster transactions, in addition to supporting various segments of the Shiba Inu Ecosystem, including $SHIB and $LEASH tokens, SHEboshis DN-404 tokens, SHIB The Metaverse, ShibaSwap DEX, and the Shiba Eternity game.
Shibarium’s layer 2 mainnet, launched in August 2023, saw the creation of 21 million wallets and was trialed by millions of users. It introduced a new consensus mechanism called proof-of-participation (PoP), which selects validators based on their holdings of the associated cryptocurrency.
As of the latest data, the price of SHIB stands at $0.0002548, reflecting an almost 7% increase in the last 24 hours, with SHIB being the 11th largest in terms of market cap, according to CoinMarketCap.
Source: cointelegraph.com
The post ShibaSwap rolls out major upgrade, moves to Shibarium appeared first on HIPTHER Alerts.
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