Press release
Patient Portal Market Predicted to Reach USD 6.11 Billion with 17.8% CAGR by 2025 - Growth Factors Analysis by Top Companies Allscripts Healthcare Solutions, Mckesson Corporation, Athenahealth, Cerner Corporation, Eclinicalworks, Curemd, Nextgen Healthcar
Patient Portal Market
The Global Patient Portal Market was valued at USD 1.40 billion in 2016 and is projected to reach USD 6.11 billion by 2025, growing at a CAGR of 17.8% from 2017 to 2025.
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Patient Portals are healthcare-related online applications that allow patients to interact and communicate with their healthcare providers, such as physicians and hospitals. Some patient portal applications exist as stand-alone web sites and sell their services to healthcare providers. Other portal applications are integrated into the existing web site of a healthcare provider. Still others are modules added onto an existing electronic medical record (EMR) system.
Competitive Landscape:
The major players in the market are as follows:
1. Allscripts Healthcare Solutions, Inc.
2. Mckesson Corporation
3. Athenahealth
4. Cerner Corporation
5. Eclinicalworks
6. Curemd
7. Nextgen Healthcare Information Systems,LLC (Subsidiary of Quality Systems, Inc.)
8. Greenway Health,LLC
9. Medfusion, Inc.
10. Epic Corporation, Inc
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Market Dynamics:
1. Market Drivers
1.1 Regulation for implementation of Patient Portals amongst competitors
1.2 Increasing Internet usage
1.3 More usage of Patient portals amongst older age groups
1.4 Patient friendly techniques and user-friendliness
1.5 Growing usage of HER solutions
2. Market Restraints
2.1 Data breach risks
2.2 Higher investments in the initial infrastructural development
2.3 High initial costs
Market Segmentation:
1. The Patient Portal Marketis segmented on the basis of:
1. Global Patient Portal Market, by Type:
1.1 Integrated
1.2 Standalone
2. Global Patient Portal Market, by End User:
2.1 Provider
2.2 Payers
2.3 Pharmacies
2.4 Others
3. Global Patient Portal Market, by Delivery Model:
3.1 Web Based
3.2 Cloud Based
4. Global Patient Portal Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
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