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 leading market research firm, has released a comprehensive report on the Patient Portal Market. The report analyzes market trends, drivers, restraints, and provides regional insights, offering a thorough understanding of the industry landscape.
The research methodology employed by Maximize Market Research combines in-depth analysis, industry expertise, and data-driven insights to present a holistic view of the Patient Portal Market. The report utilizes PORTER, PESTEL analysis, and considers both external and internal factors affecting the market.
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Patient Portal Market Dynamics:
The adoption of modern healthcare IT solutions, such as EHRs and patient portals, has been facilitated by favorable government efforts and policies worldwide. Financial incentives, such as the EHR Incentive Program in the United States, have driven the adoption of electronic health records, contributing to the market's growth.
Concerns about data security and privacy, coupled with a lack of solid IT infrastructure in developing economies, pose challenges to the market. The substantial investment required for infrastructure development may also impede market growth.
Favorable initiatives and policies from various federal governments worldwide have played a crucial role in promoting the integration of modern healthcare IT solutions like Electronic Health Records (EHRs) and patient portals. In the United States, for instance, the EHR Incentive Program, initiated by Medicare and Medicaid, has provided financial incentives to hospitals to encourage the implementation of EHRs in alignment with meaningful-use criteria. This strategic approach has effectively mitigated significant capital expenses, a previously substantial barrier to EHR adoption, especially for small and independent medical practices. Consequently, the implementation of electronic health records in healthcare facilities has witnessed an uptick due to the successful impact of these financial incentives.
Patient Portal Market Regional Insights:
As of 2022, North America maintained its dominant market share at xx%, a position projected to persist throughout the forecast period. The region's significant advancements in technology, particularly in countries like the United States and Canada, have facilitated the successful integration of IT technologies into their healthcare systems, contributing to market expansion. The presence of advanced IT and healthcare infrastructure, coupled with proactive government initiatives aimed at granting patients seamless access to their medical records through patient portal accounts, is anticipated to fuel market growth. Notably, healthcare spending in the United States, reaching USD 2.6 trillion in 2021, is projected to escalate to USD 4.8 trillion by 2021, constituting approximately 20% of the overall gross domestic product (GDP) in the same year.
North America held the largest market share in 2022, driven by technological advancements and successful adoption of IT technologies in healthcare systems in countries like the United States and Canada. Government initiatives and robust healthcare infrastructure further contribute to the region's leading position.
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Patient Portal Market Segmentation:
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
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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 (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
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
Contact Maximize Market Research:
MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 444 West Lake Street, Floor 17,
Chicago, IL, 60606, USA.
✆ +1 800 507 4489
✆ +91 9607365656
🖂 mailto:sales@maximizemarketresearch.com
🌐 https://www.maximizemarketresearch.com
About Maximize Market Research:
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 the 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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