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Surging Demand For Electronic Health Records Propels Patient Portal Market Growth Driver: A Major Catalyst in the Evolution of the Patient Portal Market in 2025
What market dynamics are playing a key role in accelerating the growth of the patient portal market?The rising need for electronic health records is anticipated to spur the expansion of the patient portal market. The term electronic health record is synonymous with a methodical accumulation of patients' real-time data in digital form by doctors or hospitals, accessible instantly and securely by approved individuals. These electronic health record (EHR) patient portals offer a communication gap through which patients can reach their health data, which includes results of diagnostic tests. For instance, as of September 2023, data from the Office of the National Coordinator for Health Information Technology, a United States federal agency, indicates a year-over-year growth in utilizing patient APIs for data exchange in healthcare facilities. Across hospitals and health IT types, the uptake of FHIR APIs to allow patients access to their personal health data via apps increased by 12 percentage points between 2021 and 2022. Hence, the escalating demand for electronic health records is fuelling the expansion of the patient portal market.
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How will the growth rate of the patient portal market shape industry trends by 2034?
The size of the patient portal market has experienced swift expansion in the past few years. Launching from a market worth of $5.37 billion in 2024, there is an expected rise to $6.43 billion by 2025 at a Compound Annual Growth Rate (CAGR) of 19.7%. This acceleration in the historic timeframe is a result of a mounting appeal for patient participation and autonomous healthcare, legislative incentives encouraging the use of electronic health records (EHRs), a deepening focus on data interchange and healthcare interoperability, increasing penetration of mobile devices and the internet, along with a graying population and the escalating load of chronic illnesses.
In the forthcoming years, the size of the patient portal market is set to witness remarkable growth, escalating to $13.61 billion in 2029 with an annual compound growth rate (CAGR) of 20.6%. Various factors contributing to this projected growth over the forecast period include the incorporation of artificial intelligence and chatbots for patient engagement, expanding telehealth services, sustained regulatory backing and incentives, and a growing emphasis on value-based healthcare, as well as the implementation of blockchain for enhanced data security. Key trends expected during the forecast period encompass personalization of healthcare experiences, integration of wearable technology and internet of things (IoT) with patient portals, utilization of predictive analytics for disease prevention, consolidation within the patient portal market, and an emphasis on patient education and wellness.
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What trends are poised to drive the future success of the patient portal market?
The growing trend of product innovation is becoming increasingly significant in the patient portal market. The leading business entities in this sector are concentrating their efforts on creating innovative products in order to consolidate their market position. For instance, in September 2024, a medical technology firm based in the US, Theragen, introduced the ActaStim Patient Insights Portal. This portal provides a platform for healthcare experts to monitor the recovery progress of patients' spinal fusion from a remote location by observing important trends such as the delivery of therapy, levels of pain, and daily actions. The portal significantly improves patient care through the provision of immediate insights, allowing for prompt interventions, and fostering consequential conversations between patients and their healthcare providers.
Which primary segments of the patient portal market are driving growth and industry transformations?
The patient portal market covered in this report is segmented -
1) By Type: Standalone Patient Portals, Integrated Patient Portals
2) By Deployment Mode: On-Premise, Cloud-Based
3) By End-Users: Providers, Payers, Pharmacies, Other End-Users (Employer Groups and Government Bodies)
Subsegments:
1) By Standalone Patient Portals: Web-Based Portals, Mobile Application Portals, Desktop Application Portals
2) By Integrated Patient Portals: Electronic Health Record (EHR) Integrated Portals, Health Information Exchange (HIE) Integrated Portals, Practice Management System (PMS) Integrated Portals
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Which geographical regions are pioneering growth in the patient portal market?
North America was the largest region in the patient portal market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the patient portal market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the influential players reshaping the patient portal market landscape?
Major companies operating in the patient portal market include Allscripts Healthcare Solutions Inc., McKesson Corporation, athenahealth Inc., Cerner Corporation, eClinicalWorks, CureMD Healthcare, NextGen Healthcare Information Systems LLC, Greenway Health LLC, Medfusion Inc., Epic Systems Corporation Inc., GE HealthCare Technologies Inc., InteliChart, QSI Management LLC, Optum Inc., ZH Healthcare Inc., Oracle Corporation, Advanced Data Systems Corporation, Nextech Systems LLC, AdvancedMD Inc., Kareo Inc., CareCloud Corporation, eMDs Inc., Meditech, Medhost Inc., Napier Healthcare Solutions Pte. Ltd., RelayHealth Corp., Kryptiq Corporation, Nuesoft Technologies Inc., Zocdoc Inc., Medseek GmbH
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What Is Covered In The Patient Portal Global Market Report?
•Market Size Forecast: Examine the patient portal market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the patient portal market for a structured understanding.
•Key Players Overview: Analyze major players in the patient portal market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the patient portal market.
•Segment Contributions: Evaluate how different segments drive overall growth in the patient portal market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the patient portal market.
•Industry Challenges: Identify potential risks and obstacles affecting the patient portal market.
•Competitive Landscape: Review strategic developments in the patient portal market, including expansions, agreements, and new product launches.
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