Patient Portal Software Market Driven by Growing Prevalence of Rare Diseases- Industry Size, Share, Trends, Growth, CAGR and Global Industry Forecast to 2027

Patient portal software includes several facilities at a single platform such as appointment booking, and generating prescriptions among others. Key users of patient portal software are doctors, pharmacists, and patients. This software operates with the help of the Internet or cloud-based systems. The purpose of patient portal services is to provide easy access to patients as well as healthcare practitioners to patient data, medical records and others.

Key players operating in the global patient portal software market include Napier Healthcare Solutions, Inc., Allscripts Healthcare Solutions Inc., Curemd Healthcare, Athenahealth Inc., Cerner Corporation, Nextgen Healthcare Information Systems LLC, GE Healthcare, Greenway Health LLC, Medfusion Inc., Eclinicalworks LLC, and PrognoCIS.

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Market Dynamics

Key players in the market are engaged in research and development of innovative platforms that can advance patient care and outcomes. For instance, In August 2018, AdvancedMD, a cloud platform of smart billing and patient applications, launched patient-managed e-payments, this launch is expected to simplify bill payments.

Moreover in August 2013, Medical Web Experts, a provider of web solutions in the healthcare industry, launched the ‘Bridge’ patient portal brand and a new website. This site was originally known as a medical web expert’s enterprise patient portal, and the new brand and website was launched following significant growth in the company’s software solutions.

Moreover, several companies are taking initiatives and measures to increase patient engagement. For, instance, in October 2018, Intelerad Medical Systems, launched ‘nuage’ Patient Portal, a cloud-based patient portal solution, which will empower patients to access healthcare records anytime, anywhere.

Increasing awareness and user-friendly features is driving demand for patient portal software, which is expected to propel global patient portal software market growth over the forecast period

Increasing awareness about patient portals is expected to drive the global patient portal software market growth. Patient portal software are easy and convenient to handle, therefore several patients and healthcare practitioners are adopting this technology. This patient portal software can be used for several purposes such as booking appointments, keeping a track of patient’s medical history, accessing patient’s lab results, and generating electronic prescriptions. For instance, according to United Nations International Children's Emergency Fund (UNICEF), in 2015, 30% of patients were using the patient portal software which was an increase of 12% compared to 2014 in the U.S.

Restraints in the Global Patient Portal Software Market

Factors restraining the global patient portal software market growth include privacy concerns regarding personal information that is stored in the software such as lab reports results. Data privacy and security issues which include data leaks, breaches, and others are expected to restrain the growth of the global patient portal software market.

Global patient portal software market was valued at US$ 1,143.1 Mn in 2018 and is expected to witness a CAGR of 7.6% over the forecast period (2019–2027).

The study objectives of Patient Portal Software Market report are:

To analyze and forecast the market size of Patient Portal Software, in terms of value and volume.
To provide strategic profiling of key players within the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
To classify and forecast Global Patient Portal Software based on the product, application, distribution, and regional distribution.
To provide past, present and forecast revenue of the market segments and sub-segments of four main geographies and their countries- North America, Europe, Asia, etc. and the rest of the world
To conduct the pricing analysis for Patient Portal Software.
To provide country-level analysis of the marketplace for segment by application, product type, and sub-segments.

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To understand the latest trends of the Patient Portal Software market
To understand the impactful developments of key players within the market, their strategic initiatives and comprehensively study their core competencies

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