Segments - Interactive Patient Care Market by Product Type (Software and Hardware), Type (Outpatient and Inpatient), Delivery Type (On-premise and Cloud-based), End-user (Clinics, Hospitals, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global interactive patient care market size was USD XX Mn in 2022 and is likely to reach USD XX Mn by 2031, expanding at a CAGR of XX % during 2023–2031. The growth of the market is attributed to the increasing adoption of technology to improve patient outcomes and supportive government policies.
Interactive patient care is intricately designed to provide patient education and entertainment through electronic and digital media. It facilitates enhanced information exchange between healthcare professionals and patients for enhanced decision-making to improve patient outcomes.
Healthcare providers are overburdened due to the increasing geriatric population and rising prevalence of chronic diseases. The current healthcare delivery model is inefficient to cater its services efficiently and thus, longitudinal care management is provided to the patients by educating them about the concerned medical procedures, care routines, and medications through electronic and digital communication mediums.
Electronic mediums such as pillow speakers, controls, interactive high-definition TV (HDTV), and bedside digital devices such as smartphones, tablet PCs, and displays on articulated arms are used as core components to encourage patients to self-care and reduce healthcare costs.
The education imparted through interactive patient care systems help healthcare professionals such as nursing staff to improve care-management models by providing insights about care modules to patients and caretakers. Interactive patient care systems reduce inpatient admissions and readmission rates by educating patients and caretakers such as family members.
Moreover, healthcare professionals use interactive patient care systems, as distraction therapy for patients by providing soothing music, spiritual content, and relaxation techniques to improve the overall mental and physical well-being of the patients. Interactive patient care satisfies the rising demands of healthcare consumerism with the help of patient feedback in a real-time scenario and identifying service-recovery options. SONIFI, a modern healthcare provider, has provided interactive patient engagement solutions with scalable enterprise-wide deployments and trouble-free implementations.
The market report finds that the COVID-19 pandemic created potential growth opportunities for the interactive patient care market. The social distancing protocols to curb the spread of the virus worked as a catalyst for the market. Healthcare professionals preferred digital devices for remote patient care, diagnosis, and consultation, and the trend has set since then.
Rising need for reducing healthcare workload, treatment costs, and improving patient care management are expected to drive the market. Healthcare professionals educate patients about self-care, provide information about relaxation techniques, and obtain diagnostics and medications related data for data-driven decision-making through interactive patient care monitoring systems.
High data-theft threat for patient data and the high cost of interactive patient care systems are likely to hinder the market. Silos of patient data are generated every day across various platforms through patient monitoring systems. Such data is vulnerable to cyberattacks. The cost of hardware and software that supports interactive patient care systems is high. The lack of skilled professionals required to design, implement, and maintain interactive patient care systems, which restrains the market.
Rising expenditures by governments to build health infrastructure and associated technological advancements to enhance patient engagement in the healthcare ecosystem are likely to create opportunities in the market. Governments are providing infrastructural support for the healthcare sector to improve operational efficiency and maximize patient outcomes efficiently. Technological advancements, interoperable data, and standardization of technologies provide a seamless healthcare experience to patients.
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Interactive Patient Care Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Product Type (Software and Hardware), Type (Outpatient and Inpatient), Delivery Type (On-premise and Cloud-based), and End-user (Clinics, Hospitals, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
Key Players Covered in the Report |
Siemens; Vecoton; SONIFI; Veradigm LLC; BEWATEC ConnectedCare GmbH; HealthHub Patient Engagement Solutions; Greenway Health, LLC; GetWellNetwork Inc.; and MEDIX-CARE GmbH |
Based on product type, the interactive patient care market is divided into software and hardware. The software segment is expected to expand at a significant pace during the projection period owing to enhanced features of communications, sharing information, and interactive capabilities provided by software-based interactive patient care systems.
Interactive patient care enables patients’ information related to diagnostic and medication-related data with healthcare professionals for data-driven decision-making to improve patient care through patient engagement platforms.
On the basis of type, the global market is bifurcated into outpatient and inpatient. The inpatient segment is projected to expand at a considerable CAGR during the forecast period due to interactive patient care services offered to patients inside the hospitals.
Hospitals have an infrastructure that supports interactive patient care and medical staff for immediate attention to patient care. Connected devices in hospital setups help healthcare professionals to analyze patient data periodically and devise a care program for the patients based on the data availed through interactive patient care systems.
In terms of delivery type, the interactive patient care market is divided into on-premise and cloud-based. The cloud-based segment is expected to register a robust pace during the forecast period owing to data accessibility provided to patients from a centralized platform. The data about various types of diagnostics and treatment methods are easily accessed through centralized data platforms to improve patient care programs.
Based on end-user, the market is classified as clinics, hospitals, and others. The hospitals segment is expected to register a robust growth rate during the forecast period due to the convenience offered to hospital staff to administer patient care through virtual mediums integrated into interactive patient care systems. Hospitals rely on interactive patient care platforms to monitor patient health and implement effective patient care strategies.
On the basis of region, the global interactive patient care market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period owing to the rising health infrastructure in the region and the strategic presence of interactive patient care service providers.
Healthcare professionals rely on interactive patient care platforms to monitor patient health and formulate effective treatment methods based on the data availed through the monitoring devices. Supportive government policies fuel the healthcare sector and by extension interactive patient care platforms.
The interactive patient care market has been segmented on the basis of
Key players competing in the global interactive patient care market are Siemens; Vecoton; SONIFI; Veradigm LLC; BEWATEC ConnectedCare GmbH; HealthHub Patient Engagement Solutions; Greenway Health, LLC; GetWellNetwork Inc.; and MEDIX-CARE GmbH. These companies adopted development strategies including mergers, partnerships, acquisitions, collaboration, and product launches to increase global presence. For instance,
In November 2022, MEDIX-CARE GmbH announced that it has won tenders for the implementation of web-based solutions for Hospital Future Act-compliant patient portals. These patient portals help healthcare professionals and patients achieve strategic goals with the help of the information obtained through interactive patient care systems.