Digital transformation in the healthcare sector paired with rising spending on R&D activities to drive the Patient Portal Market
- Vikas Kumar
- December 3, 2021
- HEALTHCARE, NEWS
- Patient Portal Market, Patient Portal Market News, Patient Portal Market Share, Patient Portal Market Size, Patient Portal Market Trend
- 0 Comments
Patient Portal Market is expected to witness CAGR growth of around 18% during the forecast period (2021-2027). The patient portal centralizes the information about the patient which helps health care providers to act accordingly and provide effective treatment and track the patient’s health. Patient portals are affordable and easily accessible and improve the medical security and safety of the patient.
The demand for patient portals is increasing on account of the rising demand for Electronic Health Records (EHR). Moreover, the federal mandates like meaning use, growing patient-centric approach in healthcare delivery, and growing popularity of patient portals among the elderly population also drive the market growth. The Patient Portal Market is intensified by the rising middle-class growth coupled with accelerated urbanization and high adoption of a sedentary lifestyle. This is driving the obesity rates and cases of chronic diseases for example diabetes upward. As per the WHO, the prevalence of chronic disease is anticipated to rise by 57% in 2020.
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Based on Type, the market is bifurcated into Standalone Patient Portals and Integrated Patient Portals. The Integrated Patient Portal segment dominated the market in 2020 and is expected to grow at lucrative growth. Integrated patient portals operate as a module added onto any other healthcare IT system or existing EMR/EHR (electronic medical records/electronic health records). In addition, these solutions provide the users the same interface to complete multiple business functions.
Based on Delivery Mode, the market is bifurcated into Web-Based Delivery and Cloud-Based Delivery. The Web-Based Delivery segment dominated the market in 2020 owing to technological advances, improved efficiency, convenience, and affordability.
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Based on End-users, the market is fragmented into Providers, Payers, Pharmacies, and Others (Employer Groups and Government Bodies). The Providers segment dominated the market in 2020 and is expected to grow at lucrative growth during the forecasted period owing to the growing need to improve the profitability of healthcare operations while containing costs, along with government initiatives to improve the quality of care and various incentives programs for providers.
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For a better understanding of the market adoption of Patient Portal, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America will dominate the Patient Portal market on account of the technological advancements in healthcare IT. Some of the major players operating in the market include Allscripts Healthcare Solutions, Inc., McKesson Corporation, athenahealth, Inc., Cerner Corporation, CureMD, NextGen Healthcare Information Systems, LLC, Greenway Health, LLC, Medfusion, GE Healthcare, Epic Corporation Inc. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.
Global Patient Portal Market Segmentation
Market Insight, by Type
Market Insight, by Delivery Mode
Market Insight, by End-users
- Providers
- Payers
- Pharmacies
- Others (Employer Groups and Government Bodies)
Market Insight, by Region
- North America Patient Portal Market
- United States
- Canada
- Rest of North America
- Europe Patient Portal Market
- Germany
- United Kingdom
- France
- Rest of Europe
- Asia-Pacific Patient Portal Market
- China
- India
- Australia
- Singapore
- Rest of Asia-Pacific
- Rest of World Patient Portal Market
Top Company Profiles
- Thermofisher Scientific
- Allscripts Healthcare Solutions, Inc.
- McKesson Corporation
- athenahealth, Inc.
- Cerner Corporation
- CureMD
- NextGen Healthcare Information Systems, LLC
- Greenway Health, LLC
- GE Healthcare
- Epic Corporation Inc.
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