The global 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.
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.
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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.
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
The global market is divided into North America, Europe, Asia-Pacific, and the Rest of the World. In 2015, North America is poised to account for the largest share of the patient portal market, followed by Europe and Asia-Pacific. However, the European region is slated to grow at the highest CAGR during the forecast period. The large share of the North American patient portal market can primarily be attributed to the federal mandates in the U.S., rising number of accountable care organizations in the U.S., rising aging population in the U.S., Canada’s efforts to enhance healthcare delivery, and digital health measures in Canada.
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.
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