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The Global Patient Engagement Solutions Market was valued at USD 22.60 Billion in 2023 and is expected to reach USD 82.35 billion by 2032, growing at a CAGR of 15.47% over the forecast period 2024-2032.
The global patient engagement solutions market is witnessing robust growth, fueled by increasing adoption of digital health technologies and the shift towards patient-centered care models. These solutions, which include mobile health applications, patient portals, wearable devices, and remote patient monitoring (RPM) systems, empower patients to actively participate in their healthcare while improving communication with providers.
Studies indicate that 60% of healthcare providers have observed improved treatment adherence and better clinical outcomes after implementing patient engagement platforms. For instance, tools like Epic Systems’ MyChart app enable patients to access medical records, schedule appointments, and receive medication reminders, resulting in enhanced patient satisfaction rates. Similarly, Abbott’s FreeStyle Libre, a glucose monitoring device, has revolutionized diabetes management by providing real-time health data, improving compliance, and reducing complications.
The rising prevalence of chronic diseases necessitates continuous patient engagement to manage long-term health conditions effectively. According to the World Health Organization (WHO), chronic diseases like diabetes, cardiovascular disorders, and respiratory diseases account for nearly 74% of global deaths. By integrating wearable devices with patient engagement platforms, providers can monitor vital health metrics remotely, reducing hospital readmissions by up to 25% and enabling proactive interventions.
Government initiatives and healthcare policies are also driving the adoption of patient engagement tools. Programs like the Chronic Care Management (CCM) initiative incentivize healthcare providers to use RPM technologies and engagement solutions to enhance care quality and reduce costs. The incorporation of AI-powered solutions further elevates the market by offering personalized insights, health education, and real-time assistance to patients. For example, AI chatbots can answer queries, deliver medication reminders, and provide tailored health recommendations. Despite challenges such as data security concerns and the digital divide, innovations in interoperable systems and stronger regulatory frameworks are addressing these barriers. The growing integration of wearable health technology with engagement platforms is setting the stage for transformative advancements in healthcare delivery.
In conclusion, the patient engagement solutions market is revolutionizing healthcare by improving outcomes, reducing costs, and fostering active participation, making it indispensable for modern healthcare systems.
Drivers
The patient engagement solutions market is propelled by a combination of technological advancements, evolving healthcare delivery models, and the growing emphasis on patient empowerment.
One of the primary drivers is the increasing demand for value-based care, where healthcare providers focus on delivering better patient outcomes rather than fee-for-service models. This shift has heightened the need for tools that improve communication, foster collaboration, and ensure adherence to treatment plans.
The rise of artificial intelligence (AI) and machine learning (ML) technologies has further transformed patient engagement solutions by enabling predictive analytics, personalized health insights, and proactive interventions. AI-driven chatbots and virtual assistants are becoming integral to providing patients with real-time support, medication reminders, and tailored educational content. Moreover, the surge in the adoption of Internet of Things (IoT) devices and wearable technology is another key driver. These devices allow real-time health monitoring and seamless integration with patient engagement platforms, empowering patients to manage chronic conditions like diabetes and hypertension more effectively.
The increasing penetration of smartphones and internet connectivity has also expanded access to mobile health applications and telehealth platforms, particularly in underserved areas. These tools bridge the gap between patients and providers, enabling consistent engagement and reducing healthcare disparities. Lastly, regulatory frameworks and government initiatives, such as incentivizing providers for adopting remote patient monitoring (RPM) solutions, play a pivotal role in accelerating market adoption. These factors collectively position patient engagement solutions as a cornerstone of modern healthcare, driving demand and innovation in the market.
Restraints
Data Privacy and Security Concerns
The adoption of patient engagement solutions is often hindered by growing concerns over data breaches and unauthorized access to sensitive patient information. Compliance with stringent regulations, such as HIPAA and GDPR, adds complexity to solution implementation, particularly for smaller healthcare providers.
Digital Divide and Limited Accessibility
The unequal access to technology, including limited internet connectivity and low digital literacy in certain populations, creates barriers to the widespread adoption of patient engagement solutions, particularly in rural and underserved areas.
By Component
The software segment emerged as the largest contributor to the patient engagement solutions market in 2023, holding around 55.0% of the market share. This dominance is primarily due to the widespread adoption of patient portals, mobile health applications, and data analytics tools that streamline communication and engagement between patients and healthcare providers. Software solutions facilitate critical functionalities such as real-time health tracking, secure data sharing, medication reminders, and appointment scheduling. These tools not only enhance operational efficiency for healthcare providers but also empower patients to actively participate in their care. The increasing focus on personalized medicine and population health management further bolsters the demand for advanced software platforms, cementing their market dominance.
The services segment is anticipated to grow at the fastest pace in the coming years, driven by the rising demand for implementation, training, and maintenance services associated with sophisticated patient engagement platforms. As healthcare providers increasingly adopt digital tools, expert services are crucial for ensuring seamless integration with existing systems, compliance with regulatory standards, and user adaptability. Additionally, the ongoing need for software upgrades, analytics consulting, and troubleshooting further fuels this segment’s growth. The shift toward outsourcing non-core activities to service providers also contributes significantly, enabling healthcare organizations to focus on delivering optimal patient care.
By Deployment Mode
In 2023, cloud-based deployment models dominated the patient engagement solutions market, accounting for approximately 60.0% of the market share. Cloud solutions offer numerous advantages, including scalability, cost-effectiveness, and ease of deployment, making them an ideal choice for healthcare providers of all sizes. These platforms facilitate secure data storage, real-time collaboration, and seamless access to patient information from remote locations. With the increasing adoption of telehealth services, remote patient monitoring (RPM), and AI-driven analytics, cloud-based systems have become the backbone of modern patient engagement. Additionally, the low upfront cost of cloud platforms makes them more accessible, particularly for small and medium-sized healthcare providers, ensuring their sustained dominance in the market.
The cloud segment is also the fastest-growing deployment mode, driven by the rising integration of advanced technologies like artificial intelligence (AI), machine learning (ML), and Internet of Things (IoT) devices. These technologies leverage the scalability and flexibility of cloud platforms to deliver personalized care and real-time health insights. Moreover, the growing focus on data interoperability and the need to comply with stringent healthcare regulations are accelerating the shift toward cloud-based models, ensuring their rapid growth trajectory.
By Functionality
The health tracking and insights segment accounted for approximately 40.0% of the market share in 2023, making it the most dominant functionality. This is largely attributed to the widespread use of wearable devices, mobile health applications, and RPM tools that allow patients to monitor their health metrics in real-time. Metrics such as blood pressure, heart rate, glucose levels, and physical activity are captured seamlessly, enabling proactive management of chronic conditions. These insights not only empower patients but also provide healthcare providers with actionable data to tailor treatment plans. The rising prevalence of lifestyle diseases, coupled with growing awareness about preventive healthcare, further reinforces the dominance of this segment.
The communication segment is poised to grow at the fastest rate due to the increasing adoption of telehealth services, secure messaging platforms, and AI-powered chatbots. These solutions enhance patient-provider interaction, ensuring timely support, education, and follow-ups. The pandemic-induced shift toward virtual healthcare has amplified the demand for robust communication tools, as they enable consistent engagement regardless of geographical barriers. The integration of AI for personalized communication and the growing reliance on omnichannel platforms for patient interactions are key factors driving the rapid growth of this segment.
North America dominated the market, holding the largest share in 2023, owing to the advanced healthcare infrastructure, high technology adoption, and a strong focus on improving patient outcomes through digital solutions. The U.S. leads this region, with substantial investments in telehealth, remote monitoring, and patient-centric applications. The implementation of HITECH Act and Affordable Care Act (ACA) has also played a significant role in driving the adoption of patient engagement platforms. The high demand for patient portals, mobile health apps, and cloud-based solutions further accelerates market growth in this region.
Europe followed closely, with countries like the UK, Germany, and France embracing digital health solutions to enhance patient care. The European market is characterized by a growing focus on patient-centered care models and the widespread adoption of digital health technologies. Regulatory frameworks, such as the GDPR, ensure that patient data is handled securely, fostering trust in digital platforms. The increasing investment in telehealth and remote monitoring solutions in Europe further supports the market’s expansion.
Asia-Pacific is the fastest-growing region due to a rise in healthcare digitization, improving healthcare access, and increasing patient awareness in countries like China, India, and Japan. The growing adoption of wearable devices and mobile health applications, along with a shift toward preventive healthcare, is driving demand for patient engagement solutions. Furthermore, rising healthcare expenditure and government initiatives supporting digital health technologies fuel growth in the region.
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Cerner Corporation (Oracle)
Cerner Millennium
Cerner Patient Portal
NextGen Patient Portal
NextGen Mobile App
MyChart
EpicCare
Allscripts Healthcare, LLC
Allscripts FollowMyHealth
Allscripts Patient Flow
McKesson Patient Services
RelayHealth
ResMed
AirView
myAir
Koninklijke Philips N.V.
Philips HealthSuite
Philips CareSage
Klara Technologies, Inc.
Klara
CPSI
GetWellNetwork
Experian Information Solutions, Inc.
Experian Health
athenahealth, Inc.
athenaCommunicator
athenaCollector
Solutionreach, Inc.
Solutionreach
IBM
IBM Watson Health
MEDHOST
MEDHOST Patient Portal
Nuance Communications, Inc.
Nuance Dragon Medical One
Veradigm
Veradigm Engage
Merative
Merative Patient Engagement
Orion Health
Orion Health Engage
Oneview Healthcare
Oneview Patient Engagement Platform
MEDITECH
MEDITECH Patient and Family Portal
In Oct 2024, RadiantGraph, a patient engagement platform, has secured USD 11 million in Series A funding. This announcement follows the company's recent integration with AWS, Google Cloud, Databricks, and Snowflake, highlighting its expanding capabilities.
In Oct 2024, The NHS rationalized its USD 360m Patient Communication and Engagement Solutions 2 framework from the original nine lots down to six. Launched in 2021, this revised contract focuses on digital communication tools including, but not limited to: patient portals and smartphone applications for managing digital documents and data.
In Aug 2024, Zappix landed a new healthcare client that strengthens its position in providing cutting-edge digital patient engagement solutions. It will partner with the customer to automate digital outreach and intake processes for efficiency and less manual efforts in the healthcare system.
In April 2024, PriMALE Health introduced the eClinicalWorks Cloud EHR, Sunoh.ai Medical AI Scribe, and healow Patient Engagement Solutions to enhance patient acquisition and improve practice efficiency. The men's health and wellness clinic aims to leverage AI-driven technologies for streamlined operations and better patient care.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 22.60 billion |
| Market Size by 2032 | US$ 82.35 billion |
| CAGR | CAGR of 15.47% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Component (Hardware, Software, Services) • By Deployment Mode (On-premise, Cloud) • By Functionality (Communication, Health Tracking and Insights, Biling and Payments, Administrative, Others) • By End User (Providers, Payers, Patients) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Cerner Corporation (Oracle), NextGen Healthcare, Inc., Epic Systems Corporation, Allscripts Healthcare, LLC, McKesson Corporation, ResMed, Koninklijke Philips N.V., Klara Technologies, Inc., CPSI, Experian Information Solutions, Inc., athenahealth, Inc., Solutionreach, Inc., IBM, MEDHOST, Nuance Communications, Inc., Veradigm, Merative, Orion Health, Oneview Healthcare, MEDITECH |
| Key Drivers | • The patient engagement solutions market is propelled by a combination of technological advancements, evolving healthcare delivery models, and the growing emphasis on patient empowerment. |
| Restraints | • Data Privacy and Security Concerns • Digital Divide and Limited Accessibility |
Ans: The Patient Engagement Solutions Market Size was valued at USD 22.60 Bn in 2023.
Ans: The Patient Engagement Solutions Market is to grow at a CAGR of 15.47% over the forecast period 2024-2032.
North America held the largest revenue share in the Patient Engagement Solutions market.
Innovations in technology, and Ambulatory services are becoming more prevalent are the drivers of Patient Engagement Solutions market.
Emerging market expansion prospects are the opportunities of Patient Engagement Solutions market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Incidence and Prevalence (2023)
5.2 Prescription Trends (2023), by Region
5.3 Device Volume, by Region (2020-2032)
5.4 Healthcare Spending, by Region (Government, Commercial, Private, Out-of-Pocket), 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Patient Engagement Solutions Market Segmentation, by Component
7.1 Chapter Overview
7.2 Hardware
7.2.1 Hardware Market Trends Analysis (2020-2032)
7.2.2 Hardware Market Size Estimates and Forecasts to 2032 (USD Million)
7.3 Software
7.3.1 Software Market Trends Analysis (2020-2032)
7.3.2 Software Market Size Estimates and Forecasts to 2032 (USD Million)
7.4 Services
7.4.1 Services Market Trends Analysis (2020-2032)
7.4.2 Services Market Size Estimates and Forecasts to 2032 (USD Million)
8. Patient Engagement Solutions Market Segmentation, By Deployment Mode
8.1 Chapter Overview
8.2 On-premise
8.2.1 On-premise Market Trends Analysis (2020-2032)
8.2.2 On-premise Market Size Estimates and Forecasts to 2032 (USD Million)
8.3 Cloud
8.3.1 Cloud Market Trends Analysis (2020-2032)
8.3.2 Cloud Market Size Estimates And Forecasts To 2032 (USD Million)
9. Patient Engagement Solutions Market Segmentation, by Functionality
9.1 Chapter Overview
9.2 Communication
9.2.1 Communication Market Trends Analysis (2020-2032)
9.2.2 Communication Market Size Estimates and Forecasts to 2032 (USD Million)
9.3 Health Tracking and Insights
9.3.1 Health Tracking and Insights Market Trends Analysis (2020-2032)
9.3.2 Health Tracking and Insights Market Size Estimates and Forecasts to 2032 (USD Million)
9.4 Biling and Payments
9.4.1 Biling and Payments Market Trends Analysis (2020-2032)
9.4.2 Biling and Payments Market Size Estimates and Forecasts to 2032 (USD Million)
9.5 Administrative
9.5.1 Administrative Market Trends Analysis (2020-2032)
9.5.2 Administrative Market Size Estimates and Forecasts to 2032 (USD Million)
9.6 Others
9.6.1 Others Market Trends Analysis (2020-2032)
9.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Million)
10. Patient Engagement Solutions Market Segmentation, By End User
10.1 Chapter Overview
10.2 Providers
10.2.1 Providers Market Trends Analysis (2020-2032)
10.2.2 Providers Market Size Estimates and Forecasts to 2032 (USD Million)
10.3 Payers
10.3.1 Payers Market Trends Analysis (2020-2032)
10.3.2 Payers Market Size Estimates and Forecasts to 2032 (USD Million)
10.4 Patients
10.4.1 Patients Market Trends Analysis (2020-2032)
10.4.2 Patients Market Size Estimates and Forecasts to 2032 (USD Million)
11. Regional Analysis
11.1 Chapter Overview
11.2 North America
11.2.1 Trends Analysis
11.2.2 North America Patient Engagement Solutions Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
11.2.3 North America Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.2.4 North America Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.2.5 North America Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.2.6 North America Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.2.7 USA
11.2.7.1 USA Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.2.7.2 USA Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.2.7.3 USA Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.2.7.4 USA Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.2.8 Canada
11.2.8.1 Canada Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.2.8.2 Canada Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.2.8.3 Canada Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.2.8.4 Canada Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.2.9 Mexico
11.2.9.1 Mexico Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.2.9.2 Mexico Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.2.9.3 Mexico Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.2.9.4 Mexico Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Trends Analysis
11.3.1.2 Eastern Europe Patient Engagement Solutions Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
11.3.1.3 Eastern Europe Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.3.1.4 Eastern Europe Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.3.1.5 Eastern Europe Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.3.1.6 Eastern Europe Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.3.1.7 Poland
11.3.1.7.1 Poland Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.3.1.7.2 Poland Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.3.1.7.3 Poland Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.3.1.7.4 Poland Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.3.1.8 Romania
11.3.1.8.1 Romania Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.3.1.8.2 Romania Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.3.1.8.3 Romania Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.3.1.8.4 Romania Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.3.1.9 Hungary
11.3.1.9.1 Hungary Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.3.1.9.2 Hungary Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.3.1.9.3 Hungary Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.3.1.9.4 Hungary Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.3.1.10 Turkey
11.3.1.10.1 Turkey Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.3.1.10.2 Turkey Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.3.1.10.3 Turkey Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.3.1.10.4 Turkey Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.3.1.11 Rest of Eastern Europe
11.3.1.11.1 Rest of Eastern Europe Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.3.1.11.2 Rest of Eastern Europe Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.3.1.11.3 Rest of Eastern Europe Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.3.1.11.4 Rest of Eastern Europe Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.3.2 Western Europe
11.3.2.1 Trends Analysis
11.3.2.2 Western Europe Patient Engagement Solutions Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
11.3.2.3 Western Europe Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.3.2.4 Western Europe Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.3.2.5 Western Europe Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.3.2.6 Western Europe Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.3.2.7 Germany
11.3.2.7.1 Germany Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.3.2.7.2 Germany Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.3.2.7.3 Germany Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.3.2.7.4 Germany Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.3.2.8 France
11.3.2.8.1 France Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.3.2.8.2 France Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.3.2.8.3 France Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.3.2.8.4 France Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.3.2.9 UK
11.3.2.9.1 UK Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.3.2.9.2 UK Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.3.2.9.3 UK Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.3.2.9.4 UK Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.3.2.10 Italy
11.3.2.10.1 Italy Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.3.2.10.2 Italy Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.3.2.10.3 Italy Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.3.2.10.4 Italy Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.3.2.11 Spain
11.3.2.11.1 Spain Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.3.2.11.2 Spain Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.3.2.11.3 Spain Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.3.2.11.4 Spain Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.3.2.12 Netherlands
11.3.2.12.1 Netherlands Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.3.2.12.2 Netherlands Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.3.2.12.3 Netherlands Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.3.2.12.4 Netherlands Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.3.2.13 Switzerland
11.3.2.13.1 Switzerland Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.3.2.13.2 Switzerland Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.3.2.13.3 Switzerland Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.3.2.13.4 Switzerland Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.3.2.14 Austria
11.3.2.14.1 Austria Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.3.2.14.2 Austria Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.3.2.14.3 Austria Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.3.2.14.4 Austria Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.3.2.15 Rest of Western Europe
11.3.2.15.1 Rest of Western Europe Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.3.2.15.2 Rest of Western Europe Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.3.2.15.3 Rest of Western Europe Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.3.2.15.4 Rest of Western Europe Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.4 Asia Pacific
11.4.1 Trends Analysis
11.4.2 Asia Pacific Patient Engagement Solutions Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
11.4.3 Asia Pacific Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.4.4 Asia Pacific Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.4.5 Asia Pacific Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.4.6 Asia Pacific Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.4.7 China
11.4.7.1 China Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.4.7.2 China Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.4.7.3 China Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.4.7.4 China Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.4.8 India
11.4.8.1 India Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.4.8.2 India Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.4.8.3 India Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.4.8.4 India Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.4.9 Japan
11.4.9.1 Japan Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.4.9.2 Japan Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.4.9.3 Japan Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.4.9.4 Japan Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.4.10 South Korea
11.4.10.1 South Korea Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.4.10.2 South Korea Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.4.10.3 South Korea Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.4.10.4 South Korea Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.4.11 Vietnam
11.4.11.1 Vietnam Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.4.11.2 Vietnam Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.4.11.3 Vietnam Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.4.11.4 Vietnam Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.4.12 Singapore
11.4.12.1 Singapore Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.4.12.2 Singapore Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.4.12.3 Singapore Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.4.12.4 Singapore Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.4.13 Australia
11.4.13.1 Australia Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.4.13.2 Australia Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.4.13.3 Australia Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.4.13.4 Australia Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.4.14 Rest of Asia Pacific
11.4.14.1 Rest of Asia Pacific Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.4.14.2 Rest of Asia Pacific Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.4.14.3 Rest of Asia Pacific Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.4.14.4 Rest of Asia Pacific Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.5 Middle East and Africa
11.5.1 Middle East
11.5.1.1 Trends Analysis
11.5.1.2 Middle East Patient Engagement Solutions Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
11.5.1.3 Middle East Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.5.1.4 Middle East Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.5.1.5 Middle East Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.5.1.6 Middle East Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.5.1.7 UAE
11.5.1.7.1 UAE Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.5.1.7.2 UAE Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.5.1.7.3 UAE Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.5.1.7.4 UAE Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.5.1.8 Egypt
11.5.1.8.1 Egypt Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.5.1.8.2 Egypt Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.5.1.8.3 Egypt Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.5.1.8.4 Egypt Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.5.1.9 Saudi Arabia
11.5.1.9.1 Saudi Arabia Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.5.1.9.2 Saudi Arabia Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.5.1.9.3 Saudi Arabia Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.5.1.9.4 Saudi Arabia Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.5.1.10 Qatar
11.5.1.10.1 Qatar Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.5.1.10.2 Qatar Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.5.1.10.3 Qatar Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.5.1.10.4 Qatar Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.5.1.11 Rest of Middle East
11.5.1.11.1 Rest of Middle East Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.5.1.11.2 Rest of Middle East Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.5.1.11.3 Rest of Middle East Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.5.1.11.4 Rest of Middle East Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.5.2 Africa
11.5.2.1 Trends Analysis
11.5.2.2 Africa Patient Engagement Solutions Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
11.5.2.3 Africa Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.5.2.4 Africa Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.5.2.5 Africa Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.5.2.6 Africa Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.5.2.7 South Africa
11.5.2.7.1 South Africa Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.5.2.7.2 South Africa Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.5.2.7.3 South Africa Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.5.2.7.4 South Africa Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.5.2.8 Nigeria
11.5.2.8.1 Nigeria Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.5.2.8.2 Nigeria Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.5.2.8.3 Nigeria Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.5.2.8.4 Nigeria Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.5.2.9 Rest of Africa
11.5.2.9.1 Rest of Africa Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.5.2.9.2 Rest of Africa Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.5.2.9.3 Rest of Africa Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.5.2.9.4 Rest of Africa Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.6 Latin America
11.6.1 Trends Analysis
11.6.2 Latin America Patient Engagement Solutions Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
11.6.3 Latin America Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.6.4 Latin America Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.6.5 Latin America Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.6.6 Latin America Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.6.7 Brazil
11.6.7.1 Brazil Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.6.7.2 Brazil Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.6.7.3 Brazil Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.6.7.4 Brazil Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.6.8 Argentina
11.6.8.1 Argentina Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.6.8.2 Argentina Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.6.8.3 Argentina Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.6.8.4 Argentina Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.6.9 Colombia
11.6.9.1 Colombia Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.6.9.2 Colombia Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.6.9.3 Colombia Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.6.9.4 Colombia Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
11.6.10 Rest of Latin America
11.6.10.1 Rest of Latin America Patient Engagement Solutions Market Estimates and Forecasts, by Component (2020-2032) (USD Million)
11.6.10.2 Rest of Latin America Patient Engagement Solutions Market Estimates and Forecasts, By Deployment Mode (2020-2032) (USD Million)
11.6.10.3 Rest of Latin America Patient Engagement Solutions Market Estimates and Forecasts, by Functionality (2020-2032) (USD Million)
11.6.10.4 Rest of Latin America Patient Engagement Solutions Market Estimates and Forecasts, By End User (2020-2032) (USD Million)
12. Company Profiles
12.1 Cerner Corporation (Oracle)
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.2 NextGen Healthcare, Inc.
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.3 Epic Systems Corporation
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.4 Allscripts Healthcare, LLC
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.5 McKesson Corporation
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.6 Koninklijke Philips N.V.
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.7 athenahealth, Inc.
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.8 Orion Health
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.9 MEDITECH
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.10 Oneview Healthcare
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
13. Use Cases and Best Practices
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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The Active Pharmaceutical Ingredient Market was valued at USD 239.45 billion in 2023 and is projected to reach USD 371.06 billion by 2032 and grow at a CAGR of 5.37% from 2024 to 2032.
The Surgical Sutures Market size was projected at USD 4.55 billion in 2023 and is anticipated to reach USD 7.18 billion by 2032 at a CAGR of 5.2% over the forecast period of 2024-2032.
Operating Room Management Market was valued at $ 2.18 billion in 2023 & is expected to reach $ 5.83 billion by 2032, growing at a CAGR of 11.56% from 2024-2032.
The Enteral Feeding Devices Market size was valued at USD 4.15 billion in 2023 and is expected to reach USD 7.06 billion by 2032 and grow at a CAGR of 6.11% over the forecast period 2024-2032.
The Telerehabilitation Market Size was valued at USD 3.4 billion in 2023, and is expected to reach USD 12.34 billion by 2032, and grow at a CAGR of 15.4% over the forecast period 2024-2032.
The Healthcare Virtual Assistants Market size was USD 1290.85 million in 2023 and will reach USD 14073.35 billion with a growing CAGR of 34.8% by 2024-2031.
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