The global patient portal market was worth USD 3 billion in 2021 and is expected to be worth USD 3.6 billion by 2022. The market is expected to generate USD 22.29 billion by 2032, expanding at a staggering double-digit CAGR of 20% from 2022 to 2032. The market’s expansion can be attributed to the incorporation of technology in healthcare sectors. Patient portals are becoming more popular as a result of the use of IoT and web-based applications.
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Patient-centric strategies are becoming more popular among healthcare providers and payers. As healthcare evolves, several businesses have implemented Patient-Centered Healthcare (PCH) programmes. Furthermore, patient portal solutions provide ease of use and improved care management. Healthcare payers and providers are leveraging the concept of consumerism to improve their services and provide better healthcare experiences for their users, which is expected to drive market growth further. Incorporating new digital technologies such as EHR and patient portals into a patient-centric strategy provides a variety of benefits such as increased productivity, improved customer experiences, and improved clinical outcomes.
On the contrary, patient portal providers must prioritise providing a personalised user experience for patients. Certain patient portals have a complex design that is difficult to understand. As a result, patients are less likely to use portals. Furthermore, patient portal companies must concentrate on creating mobile-friendly designs that provide a better user experience.
Key Takeaways from the Market Study
- The global patient portal market is expected to reach a market value of US$ 22.29 billion by 2022-2032, with a staggering double-digit CAGR of 20%.
- Integrated portals are expected to account for nearly 60% of the patient portal market in the forecast period 2022-2032.
- Web-based software is expected to account for nearly 70% of the patient portal market in the assessment period 2022-2032.
- In the assessment period 2022-2032, providers are expected to hold around 50% of the patient portal market by end use.
- S. is expected to lead the market with a CAGR of 16% during the forecast period.
- Germany is expected to grow at a CAGR of 13% between 2022 and 2032.
“Technological integration along with user-friendly nature of patient portal that provide 24*7 services to patients is increasing the demand for the same.”
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Competitive Landscape
Key players in the global patient portal market are Allscripts Healthcare Solutions, Inc, NextGen Healthcare Information Systems, McKesson Corporation, Cerner Corporation, Greenway Health, LLC, athenahealth, Inc, Epic Systems Corporation, GE Healthcare, Medfusion
Some of the recent developments in the global patient portal market are:
- NextGen Healthcare Information Systems announced the launch of Next Gen Hub Data Insights in May 2022. For Health Information Exchanges, the system will simplify data access, analytics, and data generation.
- Florence Health will collaborate with athenahealth to scale its risk-based primary care platform for Medicare patients in November 2021.
More Valuable Insights Available
FMI’s new offering provides an unbiased analysis of the global patient portal market, including historical market data (2017 to 2021) as well as forecast statistics for the period 2022 to 2032.
The research provides key insights by type (standalone, integrated), delivery mode (web-based, cloud-based), end use (providers, payers, others), and region forecast until 2032.
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Key Segments Covered in the Patient Portal Market
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
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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