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Soaring Demand Set to Propel Patient Portal Market to $13.5 Billion by 2029
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Patient Portal Market Through 2025?
The scope of the patient portal market has expanded significantly over the last few years, projecting an increase from a valuation of $5.37 billion in 2024 to $6.41 billion in 2025, which corresponds to a compound annual growth rate of 19.4%. This historical period's upward trajectory is fueled by several factors, including the escalating need for patient involvement and independent healthcare management solutions, governmental encouragement for implementing electronic health records, a heightened emphasis on seamless data exchange across healthcare systems, greater accessibility to the internet and mobile technology, the demographic shift toward an older population, and the mounting challenge posed by chronic illnesses.
What's the Projected Size of the Global Patient Portal Market by 2029?
Exponential expansion is projected for the patient portal market over the coming years, reaching a valuation of $13.5 billion by 2029, driven by a compound annual growth rate (CAGR) of 20.4%. This surge throughout the projection timeframe is fueled by several key factors, such as the incorporation of artificial intelligence and chatbots into how patients engage, the widespread extension of telemedicine capabilities, sustained governmental support and financial encouragement, a growing prioritization of care models linked to outcomes, and the increasing utilization of blockchain technology to bolster data protection. Significant developments anticipated during this period encompass the personalization of healthcare journeys, the merging of wearable devices and the Internet of Things with existing portals, the deployment of predictive analytics for proactive health management, ongoing market consolidation within the patient portal sector, and a concentrated effort on patient awareness and overall well-being.
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Top Growth Drivers in the Patient Portal Industry: What's Accelerating the Market?
Anticipated escalation in the requirement for digital patient health data is projected to fuel the expansion of the patient portal sector moving ahead. This electronic health record is defined as an organized repository of contemporary patient data, digitally maintained by medical practitioners or healthcare facilities, ensuring that authorized personnel can instantly and safely retrieve this crucial information. Specifically, through EHR patient portals, individuals gain the ability to review their medical details, such as outcomes from diagnostic examinations. For illustration, data released in September 2023 by the US federal organization, the Office of the National Coordinator for Health Information Technology, indicated a year-on-year rise in the utilization of patient application programming interfaces (APIs) for exchanging medical information within hospitals. When looking across various hospital and health information technology categories, the implementation of FHIR APIs to grant patient entry to their personal data via supplementary applications climbed by twelve percentage points between 2021 and 2022, consequently establishing the rising need for electronic health records as a key factor propelling the patient portal market forward.
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What Trends Will Shape the Patient Portal Market Through 2029 and Beyond?
A significant movement making headway within the patient portal marketplace centers around advancements in product offerings. Leading firms engaged in the patient portal arena are channeling efforts into devising novel solutions through product innovation as a means to solidify their standing. To illustrate this, back in September of 2024, Theragen, a firm situated in the US specializing in medical technology, introduced the ActaStim Patient Insights Portal. Enabling clinicians to remotely oversee the convalescence of individuals following spinal fusion surgeries, this portal achieves this by monitoring vital indicators like the administration of treatments, reported pain intensities, and habitual physical exertion levels. By furnishing instantaneous data and perspectives, this portal upgrades the quality of patient management, paving the way for prompt actions and fostering substantive exchanges between those receiving care and their medical support unit.
What Are the Main Segments in the Patient Portal Market?
The patient portalmarket 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 Top Companies are Driving Growth in the Patient Portal Market?
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
Which Regions Will Dominate the Patient Portal Market Through 2029?
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.
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