Patient Portal Market Size, Market Growth Projection to 2023

The growth of the overall patient portals market can be contributed to the federal mandates like meaning use, growing patient centric approach in healthcare delivery, increasing EHR adoption rate, and growing popularity of patient portals among the elderly. 

Objectives of the Study

• To define and measure the global patient portal market on the basis of type, delivery mode, end user, and region
• To identify the key micromarkets1 and their drivers within the global patient portal market, which are expected to show impressive growth opportunities in the coming years
• To identify the market trends and opportunities for all the stakeholders
• To strategically analyze the market structure and profile the key players of the global patient portal market and comprehensively analyze their core competencies
• To track and analyze competitive developments such as product deployments; agreements, alliances, collaborations, and partnerships; new product launches and product enhancements; mergers and acquisitions; expansions; and other strategies (divestment, funding, and product integration)

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Patient portals are an important form of patient engagement solutions that are gaining popularity across the globe. The use of health information technologies and online resources in healthcare boosts care quality by improving care access, efficiency, chronic disease management, and patient & family involvement. 

The patient portal market is projected to reach USD 2.74 Billion by 2020 from USD 1.19 Billion in 2015, at a CAGR of 18.1% during the forecast period. 

Top Key Players

Allscripts Healthcare Solutions, Inc. (U.S.), McKesson Corporation (U.S.), athenahealth, Inc. (U.S.), Cerner Corporation (U.S.), eClinicalWorks (U.S.), CureMD (U.S.), NextGen Healthcare Information Systems, LLC (U.S.), Greenway Health, LLC (U.S.), Medfusion (U.S.), Epic Corporation Inc. (U.S.), GE Healthcare (U.K.), Intelichart (U.S.) are some of the key players in the patient portal market worldwide.

Patient Portal Market : Growth Opportunities | Market Analysis | Business Strategies

The patient portal market is projected to reach USD 2.74 Billion by 2020 from USD 1.19 Billion in 2015, at a CAGR of 18.1% during the forecast period.

Patient portals are an important form of patient engagement solutions that are gaining popularity across the globe. The use of health information technologies and online resources in healthcare boosts care quality by improving care access, efficiency, chronic disease management, and patient & family involvement.

Download FREE Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=49094801

 The growth of the overall patient portals market can be contributed to the federal mandates like meaning use, growing patient centric approach in healthcare delivery, increasing EHR adoption rate, and growing popularity of patient portals among the elderly. 

On the other hand, data security & privacy concerns, high cost of deployment of patient portal solutions, and requirement of infrastructural investments to support patient portals are some of the factors expected to restrain the growth of the market to a certain extent.

Target Audience:

• Healthcare Institutions/Providers (Hospitals, Medical Groups, Physician Practices, Diagnostic Centers, Pharmacies, Ambulatory Centers and Outpatient Clinics)
• Healthcare Insurance Companies/Payers
• Healthcare IT Service Providers
• Venture Capitalists
• Corporate Entities
• Accountable Care Organizations

Allscripts Healthcare Solutions, Inc. (U.S.), McKesson Corporation (U.S.), athenahealth, Inc. (U.S.), Cerner Corporation (U.S.), eClinicalWorks (U.S.), CureMD (U.S.), NextGen Healthcare Information Systems, LLC (U.S.), Greenway Health, LLC (U.S.), Medfusion (U.S.), Epic Corporation Inc. (U.S.), GE Healthcare (U.K.), and Intelichart (U.S.) are some of the key players in the patient portal market.

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Patient Portal Market - Analysis & Global Forecast to 2020

Government mandates, growing consumerism, rising EHR usage, and the growing popularity of patient portals among the elderly are some factors expected to drive the growth of the market. 

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However, the requirement of infrastructural investments to support patient portals, coupled with other factors like data security & privacy concerns, and the high cost of deployment of patient portal solutions are expected to restrain the growth of the market to a certain extent. In addition to this, the lack of health literacy poses a major challenge for market growth.

The global patient portal market is segmented on the basis of type, delivery mode, and end user. The market is expected to reach USD 2.74 Billion in 2020 from USD 1.19 Billion in 2015, growing at a CAGR of 18.1%. The market is expected to be dominated by North America, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). The European region is expected to grow at the highest rate during the forecast period.

Based on type, the market has been divided into standalone and integrated patient portals. Integrated patient portals operate as a module added onto an existing EMR/EHR (electronic medical records/electronic health records) or any other healthcare IT system. Integrated portals are estimated to account for the largest share of the global market, by type, in 2015. This large share can be attributed to the fact that these solutions offer increased efficiency and low requirement of expensive custom development to build a bridge between systems. Most integrated portals are provided by the same vendor as an EHR system. Moreover, these solutions allow a user to complete multiple business functions from within the same interface. As they provide a one-stop solution, they are cheaper, favored, and therefore high in demand.

By delivery mode, the market has been segmented into web-based and cloud-based modes. The web-based mode of delivery accounts for the major share of the market in 2015. However, the cloud-based mode of delivery is expected to grow at a higher CAGR, as cloud-based services can help healthcare organizations share and integrate information from disparate locations or systems in real time and generate a database registry.

The market, by end user, is segmented into providers, payers, pharmacies, and others. Providers include hospitals, ambulatory care centers, home healthcare agencies, nursing homes, diagnostic & imaging centers, and physicians. Other end users include employer groups and government entities. Providers are expected to account for the major share of the patient portal market globally in 2015. 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 incentive programs for providers, is among the factors propelling the use of patient portal solutions among providers across the globe.

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