The Global Patient Portal Industry is poised for significant growth, anticipating a reach of USD 22.29 billion by 2032 with a robust CAGR of 20% from 2022. This surge is propelled by the increasing adoption of patient portals in healthcare facilities, a rising demand for Electronic Health Records (EHRs), and adherence to mandatory federal norms.
Patient portals, serving as secure online platforms, empower individuals with access to their medical records, laboratory results, and essential health information. Beyond mere accessibility, these portals enable patients to schedule appointments, request prescription refills, and communicate seamlessly with their healthcare providers.
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The growth of healthcare facilities worldwide influences the Global Patient Portal Industry. Patient portal usage is rising quickly due to mandatory federal regulations and the integration of growth in the US electronic health records (EHR) market. Additionally, technology-based businesses are creating web-based apps for patient portals. This provides access to store and retrieve crucial data as a result. The COVID-19 pandemic has fueled a rise in teleconsultation services.
Patient portals are secure online platforms that give patients easy access to their medical information, appointment scheduling, and communication with their healthcare providers. They offer a variety of features, including:
- Access to medical records, such as lab results, imaging reports, and medication lists
- Appointment scheduling and reminders
- Prescription refills
- Secure messaging with healthcare providers
- Online bill pay
- Educational resources on health and wellness
Patient portals offer a number of benefits for both patients and healthcare providers. For patients, they can provide convenience, empowerment, and peace of mind. For healthcare providers, they can improve efficiency, communication, and patient engagement.
The increasing adoption of patient portals is being driven by a number of factors, including:
- The rising demand for EHRs: EHRs are electronic versions of patients’ medical records. They provide a central repository for all of a patient’s medical information, which can be accessed by healthcare providers from different locations. Patient portals are often integrated with EHR systems, which makes it easy for patients to access their medical information through the portal.
- Mandatory federal norms: The Meaningful Use program incentivized healthcare providers to adopt EHRs and patient portals in the United States. While the Meaningful Use program ended in 2018, many incentives are still in place through other programs, such as the Merit-based Incentive Payment System (MIPS).
- The benefits of patient portals: Patient portals offer several benefits for both patients and healthcare providers, as mentioned above. This is leading to increased adoption of patient portals by healthcare facilities of all sizes.
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Key Takeaways:
- Patient portals are secure online platforms that give patients easy access to medical information, appointment scheduling, and communication with their healthcare providers.
- The increasing adoption of patient portals is attributed to their benefits to patients and healthcare providers.
- Patient portals can help patients manage their health better, improve communication with their healthcare providers, and reduce healthcare costs.
- Healthcare providers can use patient portals to improve patient care, increase efficiency, and reduce costs.
- The critical drivers of the Global Patient Portal Industry include the increasing adoption of EHRs, the growing demand for teleconsultation services, and government support for digital healthcare initiatives.
Key Companies Profiled:
- Allscripts Healthcare Solutions, Inc.
- NextGen Healthcare Information Systems
- McKesson Corporation
- Cerner Corporation
- Greenway Health, LLC
- athenahealth, Inc.
- Epic Systems Corporation
- GE Healthcare
- Medfusion Inc.
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Key Segments Covered in the Global Patient Portal Industry:
By Type:
- Standalone Patient Portal
- Integrated Patient Portal
By Delivery Mode:
- Web-based Patient Portal
- Cloud-based Patient Portal
By End-Use:
- Patient Portal for Providers
- Patient Portal for Payers
- Others
By Region:
- North American Patient Portal Market
- Latin America Patient Portal Market
- Europe Patient Portal Market
- Asia Pacific Patient Portal Market
- Middle East & Africa Patient Portal Market
Originally Publish By: https://www.chronicles24.com/index.php/2023/10/04/patient-portal-market-to-reach-us-22-29-billion-by-2032-driven-by-growing-adoption-and-mandatory-federal-norms-fmi/
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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