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Patient Engagement Technology Market to grow by USD 37.41 Billion from 2024-2028, driven by rising chronic disease cases and AI’s impact on market trends – Technavio

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NEW YORK, Nov. 27, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global patient engagement technology market size is estimated to grow by USD 37.41 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 20.56%  during the forecast period. Increasing cases of chronic diseases is driving market growth, with a trend towards digitization of healthcare. However, stringent regulations on patient engagement solutions  poses a challenge. Key market players include agilon health Inc., ALLSCRIPTS HEALTHCARE SOLUTIONS INC., athenahealth Inc., CipherHealth, Computer Programs and Systems Inc., DrChrono Inc., eClinicalWorks LLC, Epic Systems Corp., GetWellNetwork Inc., International Business Machines Corp., Lincor Inc., Luma Health Inc., McKesson Corp., Medical Information Technology Inc., Medtronic Plc, Oneview Healthcare Plc, Oracle Corp., Solutionreach Inc., Sonifi Solutions Inc., and Tebra Technologies Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Delivery Mode (On-premise solution and Web and cloud-based solution), End-user (Providers, Payers, and Individual users), and Geography (North America, Europe, Asia, and Rest of World (ROW))

Region Covered

North America, Europe, Asia, and Rest of World (ROW)

Key companies profiled

agilon health Inc., ALLSCRIPTS HEALTHCARE SOLUTIONS INC., athenahealth Inc., CipherHealth, Computer Programs and Systems Inc., DrChrono Inc., eClinicalWorks LLC, Epic Systems Corp., GetWellNetwork Inc., International Business Machines Corp., Lincor Inc., Luma Health Inc., McKesson Corp., Medical Information Technology Inc., Medtronic Plc, Oneview Healthcare Plc, Oracle Corp., Solutionreach Inc., Sonifi Solutions Inc., and Tebra Technologies Inc.

Key Market Trends Fueling Growth

The Patient Engagement Technology market is experiencing significant growth as payers, providers, and individual users seek to improve healthcare consumerism. Chronic diseases like diabetes and infectious diseases require ongoing management, making telehealth, wearable devices, and healthcare apps essential tools. Women’s health and mental health are also priority areas, with next-gen healthcare focusing on patient engagement, health literacy, and care teams. Technologists and healthcare professionals are developing software and hardware solutions, including patient portals, mobile applications, and web-based, cloud-based, and on-premise systems. Payers and providers are investing in AI technologies for preventive care, arthritis management, and clinical trials. The market caters to various populations, including diabetic patients, geriatric population, and smartphone users. Healthcare benefits are maximized through consulting, support and maintenance, billing and payments, patient education, and health and wellness initiatives. Strict regulations ensure secure patient information management, while virtual consultations and social management tools enhance patient engagement. 

The healthcare industry has been significantly transformed by digitization, with technologies like AI and cloud computing playing a pivotal role. This digital revolution brings numerous advantages, such as improved doctor-patient coordination, communication among multiple physicians, real-time health information access, and enhanced data security. The benefits extend to various sectors, including genomic research, big data analysis, organ-on-chips, genetic engineering, telemedicine, and 3D bioprinting. Healthcare systems must prioritize data-driven and digital strategies to increase patient awareness and education. An informed and engaged patient base is essential for better health outcomes. 

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Market Challenges

The Patient Engagement Technology market is growing rapidly as payers, providers, and individual users seek to improve healthcare experiences and outcomes. Challenges include engaging chronic disease patients, such as diabetics and geriatric population, through fitness apps, women’s health, mental health, and telehealth solutions. NextGen healthcare providers use software and hardware, including patient portals, mobile applications, and wearables, for preventive care and population health management. Healthcare consumerism demands patient education, care teams, and virtual consultations. Strict regulations ensure secure handling of patient information. Technologists develop AI technologies for preventive care, arthritis management, and clinical trials. Billing and payments, consulting, support and maintenance, and healthcare benefits are essential services. Patient engagement is key to managing deadly and infectious diseases, improving healthcare literacy, and enhancing the role of healthcare professionals, including physicians.The Health Insurance Portability and Accountability Act (HIPAA) of 1996 sets strict regulations for safeguarding patient data, known as Protected Health Information (PHI). Healthcare providers must sign a contract with patient engagement software vendors, committing to HIPAA compliance and PHI protection. HIPAA’s stringent rules limit advanced patient portal capabilities, falling short of efficient patient engagement solutions. These solutions should provide quick access to patient data, instant information transfer, and personalized communication. Despite HIPAA-supported patient portals, there is a need for more effective patient engagement technologies that meet these criteria.

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Segment Overview 

This patient engagement technology market report extensively covers market segmentation by

Delivery Mode1.1 On-premise solution1.2 Web and cloud-based solutionEnd-user 2.1 Providers2.2 Payers2.3 Individual usersGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 On-premise solution-  On-premises patient engagement solutions involve purchasing licenses or software copies for use on a company’s own servers and IT infrastructure. This setup offers enhanced security as healthcare data remains onsite. However, managing and maintaining on-premises infrastructure comes with significant costs, including hardware, software licenses, and IT personnel. The high expenses associated with on-premises solutions may hinder their adoption in the global patient engagement technology market during the forecast period. Additionally, any system malfunctions or downtime can result in substantial repair costs. Despite these challenges, the on-premises segment is predicted to grow moderately due to its ability to integrate with on-premises Electronic Health Records (EHR) systems.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Patient Engagement Technology market is a dynamic and growing sector in the healthcare industry, focusing on enhancing communication and collaboration between Payers, Providers, and Individual Users. This market caters to various health needs, including Chronic Diseases, Fitness, Women’s Health, and Mental Health. It encompasses solutions for Healthcare Consumerism, Virtual Consultations, Clinical Trials, and Preventive Care. Technologies like AI, Cloud-Based, and On-Premise Software, Hardware (including mobile devices and wearables), and Patient Portals are integral to this market. Wearable devices and Healthcare apps enable users to monitor their health in real-time, while mobile applications facilitate virtual consultations and assessment timelines. Moreover, the market caters to specific health concerns, such as Chronic Diseases, Fitness, Women’s Health, and Mental Health, with tailored solutions. AI technologies play a crucial role in analyzing patient data and providing personalized care plans. The market’s growth is driven by the increasing demand for convenient, accessible, and cost-effective healthcare solutions.

Market Research Overview

The Patient Engagement Technology market is a rapidly growing sector in healthcare, focusing on enhancing communication and collaboration between Payers, Providers, and Individual Users. This market caters to various health conditions, including Chronic Diseases such as diabetes and Arthritis, Women’s Health, Mental Health, and Geriatric population. Fitness and Healthcare consumerism are significant drivers, with NextGen Healthcare and other technologists developing innovative solutions like telehealth, wearable devices, patient portals, mobile applications, and healthcare apps. These technologies facilitate assessment timelines, preventive care, and virtual consultations for Deadly and Infectious Diseases. AI technologies and Clinical trials are transforming patient care, offering personalized healthcare benefits to Diabetic Patients and other healthcare consumers. Healthcare professionals, including physicians, utilize these tools for Patient Education, Health and Wellness, Population Health Management, and In-patient Health Management. Despite the numerous advantages, the market faces strict regulations and social management challenges. The market offers various deployment models, including Web-Based, Cloud-Based, On-Premise, Software, and Hardware solutions, catering to mobile devices, wearables, and patient information management. Billing and Payments, Support and Maintenance, and Consulting services are essential components of this dynamic and evolving market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Delivery ModeOn-premise SolutionWeb And Cloud-based SolutionEnd-userProvidersPayersIndividual UsersGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Hyundai Motor and Kia’s Robotics LAB Announce Plans to Launch ‘X-ble Shoulder’ at Wearable Robot Tech Day

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Wearable robot ‘X-ble Shoulder’ to boost industrial efficiency and reduce musculoskeletal injuriesDesigned to assist overhead work by enhancing upper arm muscle strength, expected to find use in various industriesThe strong yet lightweight X-ble Shoulder enhances worker comfort by reducing shoulder load by 60% and muscle activity by 30%Hyundai Motor and Kia’s Robotics LAB announced commercialization plan for X-ble Shoulder, expected to begin deliveries in first half of 2025

SEOUL, South Korea, Nov. 27, 2024 /PRNewswire/ — Hyundai Motor Company and Kia Corporation have unveiled a reliable companion for industrial work, the wearable robot ‘X-ble Shoulder.’ This device, just by being worn, can increase workers’ efficiency and reduce musculoskeletal injuries. Two videos released on Hyundai Motor Group’s YouTube channel show the X-ble Shoulder in action, including product features and the development story.

Hyundai Motor and Kia unveiled the X-ble Shoulder at Wearable Robot Tech Day held at the Hyundai Motorstudio Goyang near Seoul. The X-ble brand — a combination of ‘X,’ symbolizing infinite potential, and ‘able,’ indicating that anything can be realized — heralds a new era in wearable technology.

The X-ble Shoulder, the first product in the X-ble line, is an industrial wearable robot developed by Hyundai Motor and Kia’s Robotics LAB. When used in ‘overhead work’ where the arm is raised, it can assist the user’s upper arm muscle strength and reduce the burden on the upper extremity musculoskeletal system.

The X-ble Shoulder will find use in various industries, including construction, shipbuilding, aviation and agriculture, not just automobiles. Following its domestic launch, the companies plan to gradually expand sales to overseas markets.

In addition to the X-ble Shoulder, Hyundai Motor and Kia plan to develop an industrial wearable robot ‘X-ble Waist’ to assist the waist when lifting heavy loads, and a medical wearable robot ‘X-ble MEX’ for the rehabilitation of the walking impaired.

“The X-ble Shoulder is a wearable robot that leverages the technical capabilities of the Robotics LAB and implements feedback from actual users,” said Dong Jin Hyun, Vice President and Head of Robotics LAB at Hyundai Motor and Kia. “Going forward, we aim to expand the availability of wearable robots, creating products that work naturally with users to enhance their daily lives. By pushing technological boundaries, we will make these beneficial products accessible to more people.”

View original content to download multimedia:https://www.prnewswire.com/news-releases/hyundai-motor-and-kias-robotics-lab-announce-plans-to-launch-x-ble-shoulder-at-wearable-robot-tech-day-302317253.html

SOURCE Hyundai Motor Company; Kia Corporation

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SHEIN is launching the ULTIMATE Giftorium experience just in time for the Festive Season

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MELBOURNE, Australia, Nov. 28, 2024 /PRNewswire/ — Global fashion giant SHEIN will bring the ultimate Giftorium experience to life, right in time for the festive season.

The SHEIN Giftorium will arrive at Oz Comic-Con Melbourne Xmas Edition for an unmissable experience December 7-8th. On offer will be a vibrant collection of beauty, fashion, home & living products – free and redeemable through participation in various games available at the activation – alongside experiences that will showcase SHEIN’s one-stop-shop range of on-trend and affordable products perfect for Holiday gifting.

Oz Comic-Con is Australia’s premier pop culture event gathering fans of comics, movies, TV, anime, gaming, and more. A celebration of all things geek culture featuring exciting panels, cosplay competitions, and exclusive meet-and-greets with stars from the world of film, TV, and gaming.

Oz Comic-Con Melbourne Xmas attendees can immerse themselves in a range of SHEIN gifting essentials; Jewellery & Accessories, Home & Living, Office & School Supplies, Toys & Games, and Beauty & Health throughout the SHEIN Giftorium. As well as SHEGLAM being a hero moment.

“Our SHEIN Giftorium experience at Oz Comic-Con will provide attendees the unique experience of selecting their favourite items and festive gifts, whether for themselves or loved ones, through engaging and interactive experiences,” said a SHEIN Spokesperson.

“Our aim is to connect face-to-face with consumers, with no sales functions taking place at the event itself, the goal is to engage directly with attendees and showcase our range of ultimate Christmas gifting.

“But the experience doesn’t end there – on display will be a select range of key items as a part of the Giftoirum event, however, online is where all our Australian customers can look to dive into the full range available across SHEIN for festive gifting.

“Our customers will find everything under the sun related to fashion and lifestyle, all at cost-effective prices. With an easy shopping process including free returns, customers can shop efficiently from anywhere,” said a SHEIN spokesperson.

With unstoppable style and unbeatable fits, the SHEIN Giftorum experience continues online with a wide product range spanning fashion & beauty, home & lifestyle, accessories, kids, toys & games, electronics & tech accessories, office & school supplies – and so much more.

The extensive range ensures that Aussies can find something special for everyone on the list, making holiday shopping a breeze. Embrace the convenience and variety SHEIN offers and make this Christmas memorable with gifts that delight and inspire.

SHEIN Giftorium at Oz Comic-Con Melbourne Xmas Edition December 7-8, Melbourne Convention & Exhibition Centre: ozcomiccon.com/melbourne-xmas-edition/*

Shop SHEIN for Holiday gift guide ideas: https://au.shein.com/

View original content:https://www.prnewswire.com/apac/news-releases/shein-is-launching-the-ultimate-giftorium-experience-just-in-time-for-the-festive-season-302317926.html

SOURCE SHEIN

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Appian Announces 2024 APJ Partner Award Winners

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Recognising WNS-Vuram, Deloitte, Cognizant, KPMG, Accenture, and Via Appia for delivering process excellence

SYDNEY, Nov. 28, 2024 /PRNewswire/ — Appian (Nasdaq: APPN) today unveiled the recipients of its 2024 Asia-Pacific and Japan (APJ) Partner Awards, recognising industry excellence across six categories. The awards celebrate high-impact and committed partners who have contributed to growth in customer engagements. In addition, winners have delivered transformational value with the Appian Platform. This year’s winners have created world-class solutions and services across industries and represent another strong year for Appian’s partnership network.

“We are thrilled to celebrate our partners and the significant role they play in transforming businesses across APJ,” said Steve Gillett, Regional Vice President, APJ Alliances at Appian. “The Appian Partner Awards highlight the tremendous impact our partners have on organisations in the region, showcasing their expertise and dedication. These partners have shown unwavering commitment to deliver outstanding value to our shared customers.”

The annual APJ Partner Awards celebrate strategic partners who exemplify leadership in driving transformation with Appian. These awards honour partners who are not only expanding Appian’s reach but also setting new benchmarks for delivering impactful solutions across the region. This year’s winners were announced at Appian’s 2024 Partner Celebration Event in Sydney.

Delivery Award Winner: WNS-Vuram
WNS-Vuram has developed many customer solutions with speed, precision, and quality. This is reflected in their remarkable growth in the region, including significant expansions within the insurance and logistics sectors, as well as their impressive CSAT score of 9.3/10. With a robust team of certified developers, WNS-Vuram remains the largest delivery partner across APJ, seamlessly executing projects and ensuring superior, client-centric outcomes.

Growth Award Winner: Deloitte
Deloitte Australia has shown exceptional commitment to accelerating Appian’s growth through strategic investments with a dedicated alliance structure and industry expertise. Driven by strong executive support and a focused vision, Deloitte has quickly built and expanded its Appian practice. The firm has established the platform as a foundational technology for transformation initiatives in the public sector, financial services, energy, and other key industries. With a dedicated alliance lead and experienced partner leads in place, Deloitte has collaborated closely with Appian to develop go-to-market strategies that identify new growth opportunities and expand Appian’s reach across Australia.

Innovation Award Winner: Cognizant
Cognizant has distinguished itself as an innovation leader by embracing a forward-thinking, customer-centric approach to expanding Appian’s reach. A key element of Cognizant’s approach is their “Agility Layer” go-to-market campaign, reinforcing Appian’s reputation as a highly adaptable platform to help organisations quickly adjust to evolving business demands. Additionally, Cognizant’s specialised grants management Appian solution showcases its technical expertise and vision for solving industry-specific challenges, particularly in the government and public sectors.

Transformation Award Winner: KPMG
KPMG has been an exceptional leader in driving transformational change by integrating Appian into its core methodologies, specifically within the “Connected Enterprise” and “Powered Transformation” go-to-market strategies. By positioning Appian as a key enabling technology, KPMG has empowered organisations to streamline processes and enhance agility to help customers achieve faster, more sustainable outcomes.

Value Award Winner: Accenture
Accenture has played a pivotal role in driving Appian adoption for enterprise-scale digital transformation. Accenture has supported significant wins across key sectors and delivered transformative outcomes in financial services, insurance, and the public sector. Committed to furthering this success, Accenture has set an ambitious goal to double its Appian business in FY25, with plans to expand its delivery team to meet growing demand.

Channel Partner of the Year Award Winner: Via Appia
Via Appia has shown its dedication to expanding Appian’s presence across the APJ region, delivering solutions that consistently meet and exceed client expectations while driving impactful results. By leveraging deep expertise and a customer-centric approach, Via Appia has built a trusted reputation as a go-to partner, fostering long-term client relationships that amplify Appian’s impact in the region.

About Appian
Appian is a software company that orchestrates business processes. The Appian Platform empowers leaders to design, automate, and optimize important processes from start to finish. With our industry-leading platform and commitment to customer success, Appian is trusted by top organizations to drive transformational process change. For more information, visit appian.com. [Nasdaq: APPN]

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View original content:https://www.prnewswire.com/apac/news-releases/appian-announces-2024-apj-partner-award-winners-302317927.html

SOURCE Appian

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