Press release
Patient Portal Market to reach USD 12.80 Bn by 2029, emerging at a CAGR of 18.7 percent and forecast (2023-2029)
Patient Portal Market
Maximize Market Research Pvt. Ltd., a distinguished leader in market research, has released an in-depth analysis of the Patient Portal Market, showcasing a remarkable market size valued at US$ 3.85 billion in 2022. The industry's total revenue is projected to exhibit an impressive growth rate of 18.7% from 2023 to 2029, reaching an anticipated high of nearly US$ 12.80 billion.
Maximize Market Research Pvt. Ltd.'s latest report on the Patient Portal Market is founded on an extensive research methodology that encompasses thorough data collection, analysis, and interpretation. The comprehensive study sheds light on the market's intricacies, making it an invaluable resource for industry stakeholders.
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Patient Portal Market Dynamics
A number of federal governments throughout the world have made positive efforts and set beneficial policies that have aided in the adoption of contemporary healthcare IT systems like EHRs and patient portals. As an illustration, Medicare and Medicaid in the United States started the EHR Incentive Programme for hospitals, which offers cash rewards for adopting EHRs in compliance with the criteria for meaningful use. This tactic helped remove a major barrier to EHR adoption, particularly among small and independent medical practises, which had been high capital costs. Since the introduction of these financial incentives, electronic health records (EHRs) have become more widely used in healthcare facilities.
The Patient Portal Market is witnessing rapid expansion driven by the increasing significance of patient engagement in the healthcare sector. A patient portal serves as an indispensable web-based gateway linked to electronic health records (EHR) systems, enabling patients to access and share health information remotely. As digital technology continues to penetrate healthcare, patient portals are enhancing patient interaction, engagement, and outcomes.
Patient Portal Market Regional Insight
North America, spearheaded by the United States and Canada, dominated the market with a significant share in 2022. These countries' substantial technological advancements in healthcare, combined with government initiatives promoting patient access to records through portals, are driving growth. Notably, the United States' healthcare spending is anticipated to increase from USD 2.6 trillion in 2021 to USD 4.8 trillion by 2021.
In 2022, North America had the greatest market share , and it will continue to hold the top spot throughout the projected period. Countries like the United States and Canada have successfully implemented IT technology in their healthcare systems as a result of the region's significant technological advancements, which can fuel market growth. The availability of advanced IT and healthcare infrastructure, as well as potential government initiatives to give patients access to their patient records at any time and from any location via a patient portal account, are further factors predicted to boost the industry.
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Patient Portal Market Segmentation
The report breaks down the market by type, highlighting the dominance of Integrated Patient Portals with a 65% market share in 2022. Moreover, the analysis showcases the growth potential of Standalone Patient Portals, projected to capture a 13.6% market share by 2029. The End-Users segment indicates that Providers hold the largest market share due to favorable legislation and increased adoption of patient portal services.
by Delivery Mode
Web-Based Delivery
Cloud-Based Delivery
by Type
Standalone Patient Portals
Integrated Patient Portals
by End-Users
Providers
Payers
Pharmacies
Others
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Patient Portal Market Key Players
1. Cerner Corporation
2. Allscripts Healthcare, LLC
3. McKESSON CORPORATION
4. Optum, Inc.
5. athenahealth, Inc. (Veritas Capital)
6. Epic Systems Corporation
7. Greenway Health, LLC
8. CureMD Healthcare
9. General Electric Company
10. NEXTGEN HEALTHCARE INFORMATION SYSTEM, LLC
11. QSI Management, LLC.
12. GE Healthcare
13. InteliChart
14. Medfusion, Inc.
15. Eclinicalworks
Table of content for the Patient Portal Market includes:
1. Global Patient Portal Market: Research Methodology
2. Global Patient Portal Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Patient Portal Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4.Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2023-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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About Us
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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