McKesson Corporation (US) and Veradigm (US) are Leading players in the Patient Engagement Solutions Market
The patient engagement solutions market is projected to reach USD 41.8 billion by 2028 from USD 22.5 billion in 2023, at a CAGR of 13.2% during the forecast period. The growth of this market is propelled by the embrace of government regulations and initiatives aimed at fostering patient-centric care, coupled with the increasing utilization of mobile health (m-health) applications. Nonetheless, the substantial investments needed for healthcare infrastructure and a scarcity of skilled IT professionals in the healthcare sector are anticipated to hinder the market's growth in the forecast period.
The prominent players in patient engagement solutions market are McKesson Corporation (US), Epic Systems Corporation (US), Veradigm (US), Oracle Corporation (US), Merative (US), IQVIA (US), Kareo (US), Orion Health (New Zealand), GetWellNetwork (US), MEDISYSINC (US), Cognizant (US), athenahealth (US), Oneview Healthcare (Ireland), eClinicalWorks (US), MEDITECH (US), Harris Healthcare (US), Get Real Health (US), AdvancedMD (US), CureMD Healthcare (US), and Lincor Solutions (US), Luma Health Inc. (US), WellStack(US), Vivify Health (US), Medhost (US), and Patient point LLC (US). These players are increasingly focusing on new product launches and partnerships to expand their product offerings in the patient engagement solutions market.
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McKesson Corporation (US) stands out as a key player in the patient engagement solutions market in 2022, recognized for its leading role in providing healthcare IT solutions. Renowned for its cutting-edge technological solutions in workflow management, business intelligence, claims and disease management, and predictive modeling, McKesson Corporation is a prominent figure in the industry. The company is dedicated to advancing patient management and care through the development of existing products, the introduction of technologically advanced solutions, collaboration with providers, and strategic acquisitions, all aimed at expanding its product portfolio and reinforcing its position in the market.
Veradigm (US) secured the second position in the patient engagement solutions market in 2022. In a significant development, Allscripts Healthcare Solutions, Inc. formally declared its rebranding as Veradigm LLC, effective from January 1, 2023. Veradigm offers an extensive range of products and services within the patient engagement solutions market. The company specializes in developing integrated clinical software applications for various entities, including governments, health systems, health plans, physicians, hospitals, life sciences companies, retail clinics, pharmacy benefit managers, retail pharmacies, insurance companies, employer wellness clinics, and post-acute organizations. Through the Paradigm Network, the company connects with over 300,000 healthcare providers in the US, facilitating the transition to value-based care and representing a patient base of over 170 million. With a robust global presence, Veradigm is a key player in the industry.
Oracle Corporation (US) is renowned for its database software, cloud computing services, and enterprise software solutions; Oracle Corporation is a leading provider in the industry. The company extends its offerings to include a comprehensive connected clinical and financial ecosystem designed to efficiently manage day-to-day revenue functions, along with a diverse range of services supporting clinical, financial, and operational needs. In a significant move in June 2022, Oracle (US) completed the acquisition of all outstanding shares of Cerner, merging it with Oracle, with Cerner now functioning as a wholly-owned subsidiary.Oracle operates through three distinct business segments: Cloud and License, Hardware, and Services. Each segment represents a single operating unit, with patient engagement solutions falling under the purview of the Cloud and License segment. The company's has geographical footprint in North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa.
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Patient Engagement Solutions Market by Component (Hardware (Tablet)), Software (Integrated), Therapy (CVD, Diabetes), Functionality (Education, Scheduling), User (Provider, Payer (Public)), Unmet Need, Investment, Buying Criteria - Global Forecast to 2028
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