Interactive Patient Care Market Size Worth $650.2 Million By 2030 | CAGR: 15.2%

The global interactive patient care market size is expected to reach USD 650.2 million by 2030, according to a new study by Polaris Market Research. The report “Interactive Patient Care Treatment Market Share, Size, Trends, Industry Analysis Report, By Product (Hardware, and Software); By Type; By End Use; By Region; By Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rapidly rising adoption of IPC systems by large businesses to track patient data is the major factor boosting the market growth over the forecast period. Large enterprises employ IPC systems to lower expenses, better track patient data, and enhance patient care. Making the data accessible will enable medical professionals to offer more specialized care. Another project involved the healthcare provider Dignity Health, which installed an IPC system called Pathology-as-a-Service (PaaS) in its labs.

This system allowed researchers and clinicians from all over the country to collaborate remotely while analyzing tissue samples using cutting-edge imaging techniques like magnetic resonance spectroscopy or nuclear magnetic resonance without having access to costly lab equipment at each institution. For instance, in March 2021, multiple contracts were signed between GetWellNetwork (US) and Hills Health Solutions. This collaboration will enhance the development of a new technology-based IPC system that is further expected to foster industry growth.

Furthermore, government regulations are probably going to have an impact on market growth. For example, the FDA launched the Patient and Caregiver Connection program in 2021. The program aimed to promote involvement with patients, patient advocates, and caregivers through the evaluation and monitoring of the treatment. Furthermore, encouraging government measures encourage the adoption of these solutions in developing nations like India.

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Additionally, healthcare providers are becoming increasingly aware of the significance of delivering a positive Patient Experience (PX), as it may significantly affect business outcomes, including enhanced client loyalty, word-of-mouth advertising, and referrals. For instance, in December 2021, to create engaging technology solutions that enhance patient experiences and clinician interactions throughout the healthcare organization, SONIFI Health collaborated with Pennsylvania's Lehigh Valley Health Network.

Interactive Patient Care Treatment Market Report Highlights

• The inpatient solutions segment is anticipated to hold largest revenue share over the forecast period. The need for better patient care and encouraging government measures to adopt these solutions are the main drivers of this segment’s expansion.
• The hardware segment brought is anticipated to grow at a substantial CAGR over the forecast period. This may be ascribed to the growing development of TV-based solutions and hospitals.
• Asia-Pacific is predicted to expand at the greatest CAGR. Low-income nations with such strong growth potential as APAC are anticipated to fuel market expansion over the projection period. This region's expansion is also being aided by the economic prosperity of nations like China and India.
• The global players include Advantech., Arbor Technology, Barco Corporation, BEWATEC ConnectedCare, ClinicAll Inc., PDi Communications Systems, Remedi Technology, SONIFI Health, Sentries, Siemens AG, and Vecoton Industries Ltd.

Polaris Market Research has segmented the Interactive Patient Care (IPC) market report based on product, type, end-user, and region:

Interactive Patient Care (IPC), Product Outlook (Revenue - USD Million, 2018 - 2030)

• Hardware
  • Television
  • IBT/ Assisted Devices
  • Tablets
• Software

Interactive Patient Care (IPC), Type Outlook (Revenue - USD Million, 2018 - 2030)

• Inpatient
• Outpatient

Interactive Patient Care (IPC), End-User Outlook (Revenue - USD Million, 2018 - 2030)

• Hospitals
• Clinics

Interactive Patient Care, Regional Outlook (Revenue - USD Million, 2018 - 2030)

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa