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Patient Portal Market Size Forecasted To Achieve $13.61 Billion By 2029 With Steady Growth
The Patient Portal Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Patient Portal Market Size and Projected Growth Rate?
In recent times, the size of the patient portal market has witnessed a rapid expansion. It is predicted to rise from a valuation of $5.37 billion in 2024 to $6.43 billion in 2025, with a compound annual growth rate (CAGR) of 19.7%. The substantial growth during the historical period is a result of increased demand for patient engagement and autonomous healthcare services, legislative incentives encouraging the use of electronic health records (EHRs), a heightened focus on interoperability in healthcare and data interchange, advancements in internet and mobile technology, along with an aging demographic and growing prevalence of chronic illnesses.
It is anticipated that the patient portal market size will experience robust growth in the ensuing years, with a projection to reach $13.61 billion by 2029, growing at a compound annual growth rate (CAGR) of 20.6%. This projected growth during the forecast period can be ascribed to several factors such as the incorporation of AI and chatbots to converse with patients, broadening of telehealth services, ongoing regulatory backing and incentives, heightened focus on value-based care, and the use of blockchain technology to ensure data safety. The expected trends for this period include individualized healthcare experiences, the amalgamation of wearables and IoT with patient portals, the use of predictive analytics to thwart diseases, consolidation trends within the patient portal market, and an increased emphasis on patient instruction and wellbeing.
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What Are the Major Segments in the Patient Portal Market?
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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What Are The Driving Patient Portal Market Evolution?
The anticipated surge in the need for electronic health records is projected to fuel the expansion of the patient portal market. Electronic health records are digitally formatted, systematic collation of patients' real-time data by doctors or hospitals, and this information is instantly and securely accessible to authorised users. EHR patient portals render an avenue to patients to access their health details, encompassing diagnostic test results. For instance, in September 2023, data from the Office of the National Coordinator for Health Information Technology, an American federal agency, indicated an annual increase in the utilisation of patient APIs for data exchange in hospitals. Over all forms of hospitals and health IT, the adoption of FHIR APIs, which offer patients access to their data via apps, escalated by 12 percentage points from 2021 to 2022. As such, the escalating demand for electronic health records fuels the expansion of the patient portal market.
Which Firms Dominate The Patient Portal Market Segments?
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
What Trends Are Expected to Dominate the Patient Portal Market in the Next 5 Years?
The trend of product innovation is increasingly becoming a significant factor in the patient portal market. Companies operating prominently within this industry are directing their efforts towards the development of inventive product solutions in an attempt to solidify their market position. For example, Theragen, a medical technology firm based in the US, introduced a new patient portal named ActaStim Patient Insights Portal in September 2024. This portal provides a unique method for healthcare professionals to oversee the spinal fusion recovery process of patients from a distance by tracking important clinical factors including therapy delivery, patient discomfort levels, and daily activity routines. By providing instantaneous insights, this portal successfully elevates patient care standards by allowing for suitable timely interventions and fostering a deeper level of communication between patients and their healthcare providers.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Patient Portal Market?
2. What is the CAGR expected in the Patient Portal Market?
3. What Are the Key Innovations Transforming the Patient Portal Industry?
4. Which Region Is Leading the Patient Portal Market?
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