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Global Patient Portal Market - Segmented by Portal, Delivery Mode, End User, Geography - Growth, Trends, and Forecast (2022 - 2030)
SKU ID : INH-13103977 | Publishing Date : 01-Jun-2018 | No. of pages : 108
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The patient portal market is expected to register a CAGR of 15.37%. The increased adoption of patient-centric approach by healthcare payers, increase in the demand for electronic health records (EHR), rising popularity of patient portals among geriatric population and favorable government funding policies and initiatives for implementing healthcare IT solutions contribute to the market growth for patient portal market.
Rising Popularity of Patient Portals among Geriatric Population
With the growth in the older adult population, it is essential for communities to support their aging population. To this end, there has been a growing interest in the design of technologies for older adults, including technologies that can support older adults through health maintenance and health information management. However, as the elderly population grows, more geriatric population will follow the adoption of patient portals for personal health management. Therefore, the usage of electronic health records (EHRs), patient portals, and electronic personal health records (ePHRs) has increased in recent years contributing to the growth of the global market.
The other factors include increased adoption of patient-centric approach by healthcare payers, increase in the demand for electronic health records (EHR) and favorable government funding policies and initiatives for implementing healthcare IT solutions, which also contributes in the growth of the patient portal market.
Requirement of Infrastructural Investments to Support Patient Portals
The infrastructure for handling electronic health records and electronic medical records is inadequate, particularly in the healthcare centers of the developing regions. In these areas, implementing a patient portal with no further connectivity to access EHR and EMR, is highly redundant. A patient portal might provide advantages, like cost savings by eliminating patient-physician visit and enabling e-prescriptions. But in the absence of integration with other verticals of healthcare IT, patient portals only provide limited advantages and do little in bringing down overall healthcare costs. Therefore, requirement of infrastructural investments to support patient portals is a deterrent to the growth of global patient’s simulators market, particularly in the developing regions of the world.
Data privacy and security concerns and high cost of implementation and deployment are also the factors, which likely impedes the growth of patient portal market.
North America Dominates the Market
North America is poised to account for the largest share of the patient portal market, following by the Europe and Asia-Pacific region. The large share of the North American patient portal market can primarily be attributed to the federal mandates in the United States, rising number of accountable care organizations in the United States, rising aging population, and digital health measures in Canada.
Key Developments in the Market
• June 2017: EHR vendor Allscripts has selected the Vidyo.io platform from Vidyo, to power virtual consultations directly embedded into the Allscripts FollowMyHealth patient portal. On-demand video visits can be launched directly from the patient portal workflow, with the aim of simplifying remote consultations between physicians and patients
• July 2017: Greenway Health partners with Indian Health clinic to provide EHR, practice management technology that can help improve tribal community health
The major players includes- ALLSCRIPTS HEALTHCARE SOLUTIONS INC., MCKESSON CORPORATION, CUREMD HEALTHCARE, ATHENAHEALTH, CERNER CORPORATION, NEXTGEN HEALTHCARE INFORMATION SYSTEMS LLC, GE HEALTHCARE, GREENWAY HEALTH LLC, MEDFUSION INC., ECLINICALWORKS LLC, among others.
Reasons to Purchase this Report
• Current and future of the patient portal market in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet in excel
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative who will ensure you get a report that suits your needs
Rising Popularity of Patient Portals among Geriatric Population
With the growth in the older adult population, it is essential for communities to support their aging population. To this end, there has been a growing interest in the design of technologies for older adults, including technologies that can support older adults through health maintenance and health information management. However, as the elderly population grows, more geriatric population will follow the adoption of patient portals for personal health management. Therefore, the usage of electronic health records (EHRs), patient portals, and electronic personal health records (ePHRs) has increased in recent years contributing to the growth of the global market.
The other factors include increased adoption of patient-centric approach by healthcare payers, increase in the demand for electronic health records (EHR) and favorable government funding policies and initiatives for implementing healthcare IT solutions, which also contributes in the growth of the patient portal market.
Requirement of Infrastructural Investments to Support Patient Portals
The infrastructure for handling electronic health records and electronic medical records is inadequate, particularly in the healthcare centers of the developing regions. In these areas, implementing a patient portal with no further connectivity to access EHR and EMR, is highly redundant. A patient portal might provide advantages, like cost savings by eliminating patient-physician visit and enabling e-prescriptions. But in the absence of integration with other verticals of healthcare IT, patient portals only provide limited advantages and do little in bringing down overall healthcare costs. Therefore, requirement of infrastructural investments to support patient portals is a deterrent to the growth of global patient’s simulators market, particularly in the developing regions of the world.
Data privacy and security concerns and high cost of implementation and deployment are also the factors, which likely impedes the growth of patient portal market.
North America Dominates the Market
North America is poised to account for the largest share of the patient portal market, following by the Europe and Asia-Pacific region. The large share of the North American patient portal market can primarily be attributed to the federal mandates in the United States, rising number of accountable care organizations in the United States, rising aging population, and digital health measures in Canada.
Key Developments in the Market
• June 2017: EHR vendor Allscripts has selected the Vidyo.io platform from Vidyo, to power virtual consultations directly embedded into the Allscripts FollowMyHealth patient portal. On-demand video visits can be launched directly from the patient portal workflow, with the aim of simplifying remote consultations between physicians and patients
• July 2017: Greenway Health partners with Indian Health clinic to provide EHR, practice management technology that can help improve tribal community health
The major players includes- ALLSCRIPTS HEALTHCARE SOLUTIONS INC., MCKESSON CORPORATION, CUREMD HEALTHCARE, ATHENAHEALTH, CERNER CORPORATION, NEXTGEN HEALTHCARE INFORMATION SYSTEMS LLC, GE HEALTHCARE, GREENWAY HEALTH LLC, MEDFUSION INC., ECLINICALWORKS LLC, among others.
Reasons to Purchase this Report
• Current and future of the patient portal market in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet in excel
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative who will ensure you get a report that suits your needs
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
