Computer Aided Engineering Market Innovations In Product Design And Development

 The global Computer-Aided Engineering (CAE) market is experiencing significant growth, projected to reach a value of USD 10,175.4 million in 2023. This market is set to expand at a Compound Annual Growth Rate (CAGR) of 12.8% from 2024 to 2030. This growth is primarily driven by the outsourcing of manufacturing processes to emerging economies like China, India, and Russia.

 

The increasing adoption of integrated CAE software solutions is a major factor contributing to this growth. These solutions eliminate the need for multiple physical prototypes, significantly reducing costs associated with prototyping and product recalls. Additionally, the rising use of Computational Fluid Dynamics (CFD) software for analyzing battery module temperatures and enhancing battery life and performance is further propelling market growth.

 

The global market is witnessing a substantial shift from traditional on-premise computing to cloud-based computing. Cloud computing offers significant cost advantages by reducing expenses related to hardware acquisition, software licensing, installation, and support. This trend is expected to boost the adoption of CAE software. Furthermore, the implementation of Hyper-Converged Infrastructure (HCI) platforms for building private clouds enables advanced computational and storage services, further accelerating market growth.

 

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Deployment Model Segmentation Insights

 

In 2023, the on-premise segment dominated the global market, accounting for over 63% of the market share. This segment is projected to maintain a robust growth trajectory, with an estimated CAGR of nearly 10.5% from 2023 to 2030.

 

The software industry is characterized by rapid innovation and the timely introduction of new products is crucial for a company's success. To stay ahead of the curve, many companies are actively pursuing mergers and acquisitions to acquire cutting-edge software technologies.

 

Based on deployment models, the industry is primarily divided into on-premise and cloud solutions. Cloud computing offers a host of advantages, including easy data access, ample storage space, and enhanced security. Furthermore, cloud-based Computer-Aided Engineering (CAE) solutions, delivered as Software-as-a-Service (SaaS), provide tailored applications to CAE users. As a result, the cloud-based deployment model is anticipated to witness significant growth during the forecast period.

 

Cloud-based deployment offers several benefits, such as faster distribution, minimal maintenance requirements, reduced costs, and increased scalability. While on-premise software implementation may incur higher initial deployment costs and subsequent upgrade expenses, it still held a substantial market share in 2023 due to its early adoption and the perceived convenience of on-site deployment for companies prioritizing data confidentiality. For these reasons, the on-premise segment is expected to retain its dominant position throughout the forecast period.

 

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Loyalty Management Market Insights: Strategies for Enhanced Customer Engagement

The global loyalty management market is currently valued at USD 10.67 billion and is projected to grow at a substantial rate of 9.2% annually from 2024 to 2030. These platforms empower businesses to create, execute, and oversee effective loyalty programs. The retail industry's rapid digital transformation is significantly fueling the adoption of loyalty management solutions. Innovative digital loyalty and engagement platforms, including mobile apps and online portals, are enabling retail businesses to connect with customers across multiple touchpoints. Digital loyalty cards, personalized offers, and mobile wallets are key components of modern loyalty programs, driving their popularity in the retail sector.

 

Loyalty management software facilitates businesses in cultivating enduring relationships with existing customers by stimulating repeat business and fostering brand loyalty. This strategy involves implementing loyalty programs, rewards, and incentives to encourage customers to make recurring purchases. Loyalty management software also enables businesses to transcend mere transactions and establish an emotional bond between the brand and its customers. By offering exclusive discounts, special offers, and VIP treatment, organizations can motivate customers to remain loyal to their brand over an extended period. Consequently, the primary objective of loyalty management programs is to retain and nurture the customer base, as loyal customers tend to be more profitable and act as brand advocates. These factors are anticipated to drive market growth.

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Offering Segmentation Insights

 

The solution segment was the dominant player in the market in 2023, capturing over 58% of the market share. This segment's growth can be attributed to the increasing adoption of loyalty management solutions by various industries to implement and manage loyalty programs. Loyalty management solutions offer a range of features, including tracking and analytics, flexible API integration, and compliance with regulations like GDPR, CCPA, and PCI DSS. Companies in this market are actively innovating and introducing new loyalty management solutions to enhance brand value. For example, Kognitiv Corporation launched Kognitive Pulse in March 2023, an AI-powered loyalty management and partner collaboration solution that enables data-driven personalization and optimization of customer journeys across omnichannel SaaS platforms.

 

The services segment is projected to grow at a CAGR of 9.6% from 2024 to 2030. The loyalty management services segment, in particular, is anticipated to experience significant growth during this period due to its wide array of features, such as customer report analysis, multichannel marketing, workflow management, dispute resolution, creation of new loyalty programs, and post-sale analysis. Loyalty management services empower end-users to conduct in-depth data analysis, extract valuable insights, and make informed decisions. Additionally, loyalty management service providers like IGT Solutions Pvt. Ltd., Flatworld Solutions Inc., and OSF Digital prioritize providing 24/7 support to their clients, fostering stronger customer relationships and improving customer retention rates.

 

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System Integrators Market: Mergers, Acquisitions, and Strategic Alliances

 

 

The global system integrators market, valued at $29.10 billion in 2023, is projected to experience a compound annual growth rate (CAGR) of 8.2% from 2024 to 2030. This substantial growth is fueled by several key factors:

• Digital Transformation: As businesses strive to optimize operations, enhance connectivity, and improve efficiency, the demand for integrated technology solutions is surging. System integrators play a crucial role in streamlining operations and implementing digital transformation initiatives.

• Emerging Technologies: The growing adoption of IoT, AI, and cloud-based services necessitates complex deployments and integrations with existing systems. System integrators possess the expertise to manage these integrations and ensure seamless operations.

• Industry-Specific Needs: Industries such as manufacturing, healthcare, BFSI, and automotive are increasingly turning to system integrators for automation, data management, and cybersecurity solutions. These specialized requirements drive market expansion.

• Government and Enterprise Investments: Governments and enterprises worldwide are investing heavily in smart city projects, digital infrastructure, and Industry 4.0 initiatives. This investment creates opportunities for system integrators to provide essential solutions.

In conclusion, the global system integrators market is witnessing significant growth due to the increasing demand for digital transformation, emerging technologies, industry-specific needs, and government investments. As businesses continue to embrace technology-driven solutions, the importance of system integrators will only grow in the coming years.

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Type Segmentation Insights

 

Hardware Market:

 

Hardware accounted for the largest market share of over 41% in 2023. This segment is driven by the increasing demand for advanced infrastructure across various industries. As businesses move towards interconnected systems, the need for robust networking hardware, servers, and data storage solutions is growing. Advancements in IoT, AI, and cloud computing have further fueled the demand for specialized hardware. In regions like the UAE and KSA, investments in smart city initiatives are driving the growth of hardware procurement services.

 

Services Market:

 

The services market is expected to grow significantly during the forecast period. The increasing complexity of IT systems and the shift towards digital transformation are driving this growth. Services such as consulting, implementation, customization, and support are crucial as organizations adopt cloud-based platforms, IoT solutions, and AI technologies. In regions like Qatar, driven by initiatives like the Smart Qatar Program (TASMU), there is a heightened demand for system integration services. Focusing on IT infrastructure modernization, cybersecurity, and real-time analytics also drives the need for comprehensive integration services, particularly for industries such as BFSI and healthcare.

 

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AI in Oncology Market Trends: Transforming Cancer Diagnosis and Treatment

 

 

The global market for artificial intelligence (AI) in oncology is currently valued at $2.80 billion and is projected to expand at a substantial annual growth rate of 28.92% between 2024 and 2030. This growth is primarily driven by several factors, including the rising incidence of cancer, advancements in cancer diagnostics and healthcare infrastructure, and a growing demand for early and accurate cancer detection.

 

Public and private organizations are actively investing in research and development (R&D) to introduce innovative AI technologies, further stimulating market growth. For instance, Tempus, a company specializing in precision medicine and AI, recently launched a program called Tempus+. This proprietary program leverages real-world data to facilitate collaborative research in precision oncology. A network of researchers, including institutions like Baylor College of Medicine, Allegheny Health Network, Stanford Cancer Center, Rush University Medical Center, TriHealth, and others, are already utilizing the Tempus+ program to advance their research. Additionally, the increasing approval of AI-related medical devices is expected to boost market growth. In January 2024, the U.S. FDA granted approval to DermaSensor, the first AI medical device designed to detect skin cancer.

 

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Product Segmentation Insights 

 

The hospitals segment dominated the market with a revenue share of 48.2% in 2023 due to increased adoption of AI-powered solutions. This segment is expected to grow significantly during the forecast period due to rising number of companies entering the market to cater cancer care in hospitals and positive responses from patients.

The hospitals segment is also expected to grow at the fastest CAGR over the forecast period, owing to technological advancements in the healthcare sector. Digitalizing processes and implementing AI, virtual reality, and immersive technologies are key examples that changed healthcare institutions’ diagnostic, treatment, and data collection processes, including hospitals. Furthermore, hospitals are integrating AI-powered algorithms in cancer therapy to enhance accuracy by avoiding misdiagnosis.

 

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Digital Pathology Market: Integrating Telepathology Into Routine Practice

 The global digital pathology market, valued at $1.03 billion in 2023, is projected to expand at a steady 8% annual rate from 2024 to 2030. This growth is primarily driven by several factors: the increasing prevalence of cancer, the need to improve workflow efficiency, and the growing demand for faster diagnostic tools. Furthermore, rising investments in healthcare, coupled with strategic initiatives from key market players, including new product launches, expanding telepathology adoption, and a focus on drug discovery and precision medicine, are accelerating market growth.

 

The increasing adoption of healthcare IT solutions is fueling the demand for digital pathology solutions. Organizations are increasingly implementing 1 these solutions to reduce costs, streamline processes, address resource constraints, and facilitate efficient content sharing. The growing need for collaborations and the expanding use of digital documentation across various scientific fields further drive demand. Additionally, factors such as the heightened adoption of digital pathology to enhance laboratory efficiency, the surge in teleconsultations, and increased applications in companion diagnostics and drug discovery are expected to contribute to the market's growth.

 

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Product Segmentation Insights 

 

The device segment, comprising slide management systems and scanners, held the largest market share of 51.72% in 2023. This segment is poised for significant growth in the coming years due to the increasing adoption of digital pathology in academic research. The enhanced resolution offered by these devices is a key driver behind this trend.

 

A notable example is the VENTANA DP 600 slide scanner, introduced by F. Hoffmann-La Roche Ltd. in June 2022. This cutting-edge scanner generates high-resolution digital images of tissue samples, aiding in cancer diagnosis and treatment planning.

 

Software Segment's Rapid Expansion

 

The software segment is projected to experience the fastest growth rate from 2024 to 2030. The rising incidence of cancer and the focus of key industry players on developing innovative digital pathology systems are driving this expansion.

 

Xybion Corp.'s Pristima XD Digital Pathology is a prime example of this trend. Launched in August 2021, this software enhances lab throughput and streamlines workflows. Similarly, F. Hoffmann-La Roche Ltd.'s uPath enterprise software, introduced in January 2019, improves performance, speed, and overall usability in digital pathology.

 

Conclusion

The digital pathology market is characterized by the dominance of the device segment, driven by advancements in slide management systems and scanners. However, the software segment is rapidly gaining traction due to its crucial role in enhancing efficiency and improving diagnostic outcomes.

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Clinical Decision Support Systems Market: Impact of Telehealth Integration

 The global clinical decision support systems market size was estimated at USD 5.30 billion in 2023 and is projected to grow at a CAGR of 10.79% from 2024 to 2030. Clinical decision support systems (CDSSs) have experienced significant advancement in recent decades, providing clinicians with vital tools to make informed decisions in patient care. These systems have emerged as a promising means to improve patient outcomes and reduce overall healthcare costs.

 

AI and ML technologies are transforming the CDSS market, offering advanced functionalities such as predictive analytics, pattern recognition, and tailored recommendations. AI-driven CDSSs can analyze extensive datasets, detect patterns, anticipate outcomes, and suggest optimal treatment strategies. Researchers are integrating AI with CDSS, as demonstrated by the University of Texas at Austin’s Dell Medical School researchers who developed an AI-based CDSS to aid clinicians in discussing nutrition and making decisions with patients about diet improvements in December 2022.

 

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Detailed Segmenatation

Product Insights

The standalone CDSS segment held the market with the largest revenue share of over 30.0% in 2023, because it is widely adopted for its low cost and simplicity. They don't require standardization or extensive clinical expertise and can operate without real patient data. Their user-friendly nature contributes to dominance in hospitals and clinical settings.
The integrated EHR with CDSS segment is expected to grow at the fastest CAGR during the forecast period, driven by increasing EHR adoption in multi-specialty healthcare facilities.

Delivery Mode Insights

Based on delivery mode, the on premise segment led the market with the largest revenue share of 42.35% in 2023. On-premise CDSS solutions offer flexibility for customization and integration with existing healthcare systems and workflows, catering to specific organizational needs. Multispecialty hospitals and large healthcare organizations prefer this system for greater data control within their infrastructure. Integration with existing systems like EHRs enables smoother data flow and interoperability, enhancing decision support efficiency.

Application Insights

Based on application, the drug allergy alerts segment held the market with the largest revenue share of over 25.0% in 2023, because it is widely utilized in clinical decision support systems (CDSSs) to enhance patient safety and prevent adverse drug reactions (ADRs). CDSSs allow customization of alerts based on individual patient profiles and specific allergy information. Healthcare providers can tailor alert thresholds and preferences to ensure relevance and actionability for each patient. The rising burden of drug allergies is driving CDSS adoption, fueling segment growth. For example, approximately 10% of the U.S. population is allergic to penicillin, according to the CDC.

Component Insights

Based on component, the services segment led the market with the largest revenue share of 42.49% in 2023, offering implementation, training, support, customization, and consulting services to help healthcare organizations maximize CDSS software value and optimize clinical decision-making. This segment dominated the market as continuous technical support ensures CDSS functionality and performance. In addition, healthcare professionals require training to effectively utilize CDSS, further propelling segment growth.

Regional Insights

 

The clinical decision support systems market in North America accounted for the revenue share of 43.76% in 2023. This dominance is fueled by the rising demand for IT solutions in healthcare and the emphasis on delivering quality healthcare services. Rapid technological advancements further drive market growth. Initiatives promoting CDSS adoption, like EBSCO Information Services' Dyna Innovation Center launch in December 2023, contribute to regional market expansion.

 

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• The global patient engagement solutions market size was valued at USD 22.7 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 17.7% from 2024 to 2030.
• The healthcare reimbursement market size was valued at USD 21.83 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 18.3% from 2024 to 2030. 

 

Key Companies profiled:

• McKesson Corporation
• Oracle (Cerner Corporation)
• Siemens Healthineers GmbH
• Allscripts Healthcare, LLC
• athenahealth, Inc.
• NextGen Healthcare Inc.
• Koninklijke Philips N.V.
• IBM
• Agfa-Gevaert Group (IG Farben)
• Wolters Kluwer N.V.

 

Clinical Decision Support Systems Market Segmentation

 

Grand View Research has segmented the global clinical decision support systems market report based on product, application, delivery mode, component, and region:

 

Clinical Decision Support Systems Product Outlook (Revenue, USD Million, 2018 - 2030)

• Standalone CDSS
• Integrated CPOE with CDSS
• Integrated EHR with CDSS
• Integrated CDSS with CPOE & EHR

 

Clinical Decision Support Systems Application Outlook (Revenue, USD Million, 2018 - 2030)

• Drug-drug interactions
• Drug allergy alerts
• Clinical reminders
• Clinical guidelines
• Drug dosing support
• Others

 

Clinical Decision Support Systems Delivery Mode Outlook (Revenue, USD Million, 2018 - 2030)

• Web-based Systems
• Cloud-based Systems
• On-premise Systems

 

Clinical Decision Support Systems Component Outlook (Revenue, USD Million, 2018 - 2030)

• Hardware
• Software
• Services

 

Clinical Decision Support Systems Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Italy
• Spain
• France
• Sweden
• Denmark
• Norway
• Asia Pacific
• China
• India
• Japan
• Thailand
• South Korea
• Australia
• Latin America
• Brazil
• Mexico
• Argentina
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE
• Kuwait

 

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Recent Developments

• In October 2023, Wolters Kluwer Health launched AI Labs, a collective resource to integrate generative AI with UpToDate, its CDS solution, enabling medical professionals to make better-informed decisions
• In August 2023, GE HealthCare launched CardioVisio for Atrial Fibrillation, a patient-centric, digital CDS tool to allow precision care
• In February 2023, EBSCO Information Services launched new features in DynaMedex Mobile App to improve clinical decision support. These enhancements improve the mobile experience for users by enabling clinicians to deliver evidence-based patient care efficiently
• Moreover, in May 2020, DHIndia announced a partnership with EHRC@IIITB & Healthelife to develop a CDSS for the screening of COVID-19. The partnership also included the formation of a minimal triage application for front-line doctors
• In March 2020, IBM Watson Health partnered with EBSCO Information Services to enhance CDSS and operations for healthcare systems and providers 

Simulation Software Market Opportunities For Growth And Development Report To 2030

 The global simulation software market size is estimated to reach USD 51.11 billion by 2030, registering a CAGR of 13.8% from 2024 to 2030, according to a new study by Grand View Research, Inc. Simulation software is being used for training personnel. It is replacing the traditional real-time training techniques, which incurred huge investments annually for companies. The use of simulation for training purposes helps reduce training costs as companies need to make a one-time investment for software implementation. The software also helps enterprises minimize production costs by enhancing the product development process.

 

The need for developing prototypes and the chances of product failure are considerably reduced through the use of simulators, as the product is virtually tested for all possible glitches before the commencement of production. Furthermore, simulation-based tools help product developers reduce the time spent on R&D processes as it enables them to obtain a realistic view of a product or process under study or review. Organizations across the globe are increasingly implementing the program and analyzing tools to enhance the entire product development cycle, reduce time to production, ensure delivery of high-quality products in minimal time, and reduce the overall cost to the company with respect to R&D.

 

It requires a skilled workforce or personnel with the required knowledge and understanding. This is leading to several manufacturers being reluctant to adopt this technology as the need for a skilled workforce incurs additional costs. The COVID-19 pandemic had an adverse impact on the global market. The closure of national and international borders in major countries, such as China, Japan, and India, has caused severe supply chain disruptions. In addition, the temporary shutdown of manufacturing operations has led manufacturing companies to face severe budgetary issues, resulting in delayed subscription renewal payments during the pandemic’s initial phase. However, recovering economies and opening businesses are expected to help the market grow at a rapid pace over the forecast period.

 

Simulation Software Market Report Highlights

• The market is being driven by reduced training costs for personnel in various industries and sectors, such as automotive, defense, healthcare, and electrical
• The service segment is expected to register a CAGR of 15.0% owing to the growing demand for customized simulation solutions, such as design and consulting
• The cloud-based segment is expected to register the fastest CAGR of approximately 15.4% over the forecast period owing to benefits, such as easy and low-cost implementation
• The automotive segment dominated the market in 2023 and is expected to hold a major share by 2030 owing to the early adoption of virtual testing tools in the automotive industry
• North America is expected to account for the highest market share followed by Asia Pacific, by 2030 owing to the growing investments in R&D and defense in countries, such as the U.S.
• Leading players are focusing on developing new simulation software solutions, to capture maximum share

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• The global fraud detection and prevention market size was valued at USD 25.67 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 17.6% from 2023 to 2030.

• The global core banking software market size was valued at USD 10.89 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 9.3% from 2023 to 2030.

Simulation Software Market Segmentation

Grand View Research has segmented the global simulation software market on the basis of component, deployment, application, end-use, and region:

Simulation Software Component Outlook (Revenue, USD Million, 2017 - 2030)
• Software
• Services
o Simulation Development Services
o Training and Support & Maintenance

Simulation Software Deployment Outlook (Revenue, USD Million, 2017 - 2030)
• On-Premise
• Cloud

Simulation Software Application Outlook (Revenue, USD Million, 2017 - 2030)
• Engineering, Research, Modeling & Simulated Testing
• High Fidelity Experiential 3D Training
• Gaming & Immersive Experiences
• Manufacturing Process Optimization
• AI Training & Autonomous Systems
• Planning And Logistics Management & Transportation
• Cyber Simulation

Simulation Software End-use Outlook (Revenue, USD Million, 2017 - 2030)
• Conventional Automotive
• Electric Automotive and Autonomous Vehicles
• Aerospace & Defense
• Electrical, Electronics and Semiconductor
• Healthcare
• Robotics
• Entertainment
• Architectural Engineering and Construction
• Others

Simulation Software Regional Outlook (Revenue, USD Million, 2017 - 2030)
• North America
o U.S.
o Canada
• Europe
o U.K.
o Germany
o France
• Asia Pacific
o China
o India
o Japan
o South Korea
o Australia
• Latin America
o Brazil
o Mexico
• Middle East & Africa (MEA)
o KSA
o UAE
o South Africa

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Patient Engagement Solutions Market Is Bridging The Gap Between Patients And Providers

 The global patient engagement solutions market size is expected to reach USD 70.3 billion by 2030, expanding at a CAGR of 17.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Key factors fueling the market growth include rising digitalization across healthcare, increasing prevalence of chronic conditions, and technological advancements. COVID-19 pandemic boosted digitalization across healthcare. This, in turn, has fueled the awareness and adoption of patient engagement solutions, thus propelling the market growth.

 

As healthcare providers were battling the constant upsurge in cases, patients were looking to digital technologies for care delivery and monitoring. This contributed to the market growth. Key companies released multiple COVID-19-related features as part of their patient engagement lineup to enhance their offerings. In December 2020, athenahealth released new features to its athenaOne platform-such as scheduling, workflow, documentation, and reporting capabilities-to enable immediate administration of COVID-19 vaccines as and when they become available.

 

The necessity of social distancing resulted in increased demand for remote patient monitoring solutions and prerequisite for the precise and timely exchange of patient well-being records. Pandemic has also made healthcare professionals look for alternate methods to traditional processes and systems. As a result, market participants have developed COVID-19-related features in their existing patient engagement solutions. For instance, in June 2020, Orion Health partnered with a network of more than 350 healthcare facilities called Keystone Health Information Exchange to enable real-time automated COVID-19 reporting for improved public health data collection across Pennsylvania and New Jersey.

 

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As per a survey by Twilio, a cloud communications provider and customer engagement, 68% of respondents reported accelerated digitalization in their organizations due to COVID-19. Companies reported easing of barriers at organizational levels, such as getting executive approvals, the need for a clear strategy, and reluctance to replace legacy software. In fact, according to the Chief Product Officer at Mount Sinai Health System, their newly developed text?to?chat platform witnessed a 10x surge in volume due to the pandemic. Growing number of smartphone users around the globe expedited the adoption of digital health technologies across the sector, both from providers and consumers, which, in turn, has augmented the dependability of patients on mHealth apps.

 

Mobile technology has emerged as a pivotal driver of healthcare's digital and telemedicine revolution. Smartphones, tablets, and wearable devices have simplified access to healthcare support & patient records, elevated the quality of patient care, and streamlined back-office operations & medical training. Leveraging platforms such as WhatsApp for engagement enabled hospitals to manage patient interactions through an accessible communication channel. Solutions such as Easyrewardz Healthcare CRM empower hospital staff to automate patient communication, appointment scheduling, and room availability checks. These advancements are poised to fuel market growth over the forecast period. 

 

Patient Engagement Solutions Market Report Highlights

• Based on delivery type, the web and cloud-based segment emerged as the largest segment in 2023 as it supports hassle-free information flow between patients and healthcare providers. Moreover, bulk data can be stored in these platforms and accessed remotely
• Based on component, the software and hardware segment dominated the market with a revenue share of 62.7% in 2023, owing to the continuous development of patient engagement solutions and increasing applications in health and wellness, patient education, and chronic disease management
• Based on therapeutic area, the chronic disease management segment dominated the market in 2023. The growth is attributed to the rising in the geriatric population and the increased prevalence of chronic diseases
• Based on functionality, the communication segment dominated the market in 2023 as it forms the core of any patient engagement solution. Market players are continuously releasing upgrades and new features to enhance offerings. For instance, in November 2020, Cerner partnered with WELL Health Inc. to boost the communication capabilities of its patient portal- HealtheLife.
• Based on end-use, the providers segment dominated the market due to increasing adoption of patient and customer engagement solutions that promote widespread coverage and enable value-based care delivery
• North America dominated the global market in 2023 owing to the increased adoption of m-health and electronic health records (EHRs) and growing investments in patient engagement software by major companies
• Companies are adopting various strategies to sustain competition. New product/solution development, partnerships, mergers, acquisitions, strategic collaborations, and geographical penetration are some of the key strategies adopted by market players

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• The global computerized physician order entry market size was valued at USD 1.94 billion in 2023 and is projected to grow at a CAGR of 6.3% from 2024 to 2030. This growth trajectory can be attributed to an escalating demand for precise and efficient data exchange between patients and healthcare entities, including hospitals, laboratories, and clinics.

• The global healthcare cloud computing market size was valued at USD 19.6 billion in 2023 and is projected to grow at a CAGR of 12.7% from 2024 to 2030. The rise in the prevalence of chronic diseases and the geriatric population demands an integrated information system, which acts as a significant contributing factor for the healthcare cloud computing market to grow.

Patient Engagement Solutions Market Segmentation

Grand View Research has segmented the global patient engagement solutions market based on delivery type, component, functionality, therapeutic area, application, end-use, and region:

Patient Engagement Solutions Delivery Type Outlook (Revenue, USD Million, 2018 - 2030)
• Web & Cloud-based
• On-premise

Patient Engagement Solutions Component Outlook (Revenue, USD Million, 2018 - 2030)
• Software & Hardware
o Standalone
o Integrated
• Services
o Consulting
o Implementation & Training
o Support & Maintenance
o Others

Patient Engagement Solutions Functionality Outlook (Revenue, USD Million, 2018 - 2030)
• Communication
• Health Tracking & Insights
• Billing & Payments
• Administrative
• Patient Education
• Others

Patient Engagement Solutions Therapeutic Area Outlook (Revenue, USD Million, 2018 - 2030)
• Health & Wellness
• Chronic Disease Management
• Others

Patient Engagement Solutions Application Outlook (Revenue, USD Million, 2018 - 2030)
• Population Health Management
• Outpatient Health Management
• In-patient Health Management
• Others

Patient Engagement Solutions End-use Outlook (Revenue, USD Million, 2018 - 2030)
• Payers
• Providers
• Others

Patient Engagement Solutions Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o France
o Italy
o Spain
o Sweden
o Norway
• Asia Pacific
o China
o India
o Japan
o Australia
o South Korea
• Latin America
o Brazil
o Mexico
o Argentina
• MEA
o South Africa
o Saudi Arabia
o Kuwait
o UAE

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