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Patient Portal market will upsurge to $ 2.74 billion

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Patient Portal market will upsurge to $ 2.74 billion

December 11
04:36 2019
Patient Portal market will upsurge to $ 2.74 billion

Some of the key players in the patient portal market are 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.)
The development of cloud-based patient portal solutions is a lucrative growth opportunity for players in the market.

This report gives insight on Patient Portal Market – by Type (Standalone, and Integrated portal), by Delivery Mode (Web-Based, and Cloud- Based), & by End Users (Providers, Payers, Pharmacies, and Others) – Analysis & Global Forecast to 2020”. The objective is to examine and figure out the opportunities, prominent players, challenges, crucial market drivers, major markets according to geography as well as eminent competitors. The global patient portal market size is projected to increase from a revenue of USD 1.2 billion in 2015 to reach USD 2.7 billion in the year 2020 at a CAGR of 18.1%. Using incentives meaningfully, growing EHR adoption, in the arena of healthcare delivery emphasizing on patient-centric approach, patient portals experiencing immense popularity amongst the elderly; adds further boom to the stimulating market growth of patient portals in the upcoming years.

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The patient portal market globally is divided based on delivery mode, end user, type and region. Based on type, the patient portal industry is segmented further into integrated patient portals and standalone. The integrated portals have the majority of market share in 2015. The reason behind this boost and extensive preference is that the same vendor provides integrated portals as EHR (electronic health) systems, which are a one-stop solution, affordable, and its similar interface facilitates multiple business functions. When it comes to the segregation based on delivery, it can be categorized into cloud-based and web-based modes. Cloud-based services enable the organizers of healthcare to create a registry of the database, integrate the crucial information and share it in real-time from disparate locations.

The end-users of patient portal markets are segmented further into pharmacies, providers, payers and others. The providers consist of ambulatory care centers, hospitals, home healthcare agencies, diagnostic and imaging centers, nursing homes and physicians. Government entities and employer groups are a part of other patient portal market. In the year 2015, the providers segment was ascending enormously. The chief reasons behind fostering patient portals by the providers are, the increase in incentive programs for providers, the initiatives undertaken by the government to enhance the quality and services directed towards the patients, eliminating the alarming prices charged by the healthcare providers, rising need to create easy accessibility and affordability of healthcare services.

Talking about the geographical market globally, it has its presence in regions such as Europe, North America, Asia Pacific, and the other parts of the world. In the year 2015, North America had the largest share of the pie of the market of Patient portal, which is followed by Europe and Asia Pacific respectively. But, keeping the present scenario into consideration, the forecast elucidates that the Europe experience flourishing results and enormous CAGR in the market. The immense prosperity of patient portal market in North America is due to factors such as rise in the aged population of the US, an increase in the number of accountable care organizations in the United States, considerate efforts taken by Canada to enhance the healthcare delivery and emphasizing on digital healthcare measures.

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

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