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Patient Portal Market size is forecast to reach $5.94 Billion by 2025, growing at a CAGR of 17.78% during the forecast period 2020-2025. A Patient portal is a web-based access point that relates to the electronic health records (EHR) systems or access points, which is focused on patient’s access to health records and they can share their health information and communicate remotely. These allow patients to investigate various data points, including physician notes, lab results, their health histories, and immunizations discharge reviews. The Healthcare sector at present is putting more preference for patient engagement. Digital technology is rapidly establishing its base in healthcare technology through the adoption of a patient portal. A patient portal is improving patient engagement and is supporting to deliver better outcomes.
Key Takeaways
- Integrated patient portals were identified as the most lucrative segment in 2019 owing to the rapid shift of providers from their previous methods to the Electronic Health Records
- The modernization of operations and approaches, by utilizing technology solutions, such as patient portals and analytical sources, improves the efficiency of healthcare organizations and facilities.
- In 2019, Europe dominated the Patient Portal Market owing to enhanced digitization of the healthcare processes and implementation of telehealth and healthcare IT projects in the region.
- Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Patient Portal market report.
By Type- Segment Analysis
Based on the type, Patient portal market is segmented to Standalone Patient Portals and Integrated patient portals. Integrated patient portals are estimated to grow at a CAGR of 12.35% during the forecast period 2020-2025 since these solutions offer increased efficiency and low requirement of expensive custom development to build a bridge between systems.
By End Use- Segment Analysis
Based on the End Use, Patient portal market is segmented into payers, providers, pharmacies and others. Providers include hospitals, ambulatory care centers, home healthcare agencies, nursing homes, diagnostic & imaging centers, and others. Providers held most of the end use segment in the patient portal market in 2019. In addition, providers are expected to be the fastest growing segment over the forecast period 2020 to 2025.
By Country - Segment Analysis
Based on Geography Patient Portal Market covers North America, Europe, Asia-Pacific, and Rest of World. Europe accounts for 39.7% of total market share for Patient Portal owing to enhanced digitization of the healthcare processes and implementation of telehealth and healthcare IT projects in the region, followed by North America. With the demand for high-end medical infrastructure Asia-Pacific is set to be the growing at fastest CAGR during the forecast period 2020-2025. China, Japan, and India are the most developing countries in the region and hence would fuel the market growth for high acuity information systems.
Drivers – Patient Portal Market
- Increasing demand for High-quality Medical Infrastructure
The growing prosperity of many households in developing countries is prompting a demand for high-quality medical care and increasing private sector participation. Innovation and medical advancement are the core aspect of advancing medical care. Moreover, the presence of Healthcare infrastructure is set to drive the patient portal market.
- Increase in the Demand for Electronic Health Records (EHRs)
The increasing adoption of Electronic Health records presents an opportunity for patients to access their clinical data and actively participate in their care via Electronic Medical Records. Hospitals and other health care organizations can facilitate patient access to their Electronic Medical records information through patient portals. This, in turn, is driving market for Patient Portals.
Challenges – Patient Portal Market
Poor user experience and limited functionality are restraining the market to some extent but also identified as a challenge for the market. Health IT leaders assure that the portals is set to be developed with added functionality and current work is going on optimizing the portals for the mobile device as mobile is a dominant platform today.
Patient Portal Industry Outlook
Product launches, Merger & Acquisitions, joint ventures, and R&D activities are key strategies adopted by players of the Patient Portal Market. Patient Portal Market top 10 companies are Allscripts Healthcare Solutions, Inc, McKesson Corporation, athenahealth, Inc, Cerner Corporation, eClinicalWorks, CureMD, NextGen Healthcare Information Systems, LLC (U.S.), Greenway Health, LLC, Medfusion, Epic Corporation Inc., GE Healthcare, and Intelichart
Developments
- In Jan 2017, McKesson acquired CoverMyNeeds for USD 1.1. Billion to build network with the providers with a combination of providers and pharmacists interfacing with the patient.
- In October 2019, E clinical works announced collaboration with Humana Inc., a leading health and well-being company, GuideWell, the parent to a family of forward-thinking companies focused on transforming healthcare and Trusted Health Plan, a provider of Medicaid and Alliance Benefits, to provide advanced bidirectional interoperability.
1. Patient Portal Market Overview
1.1 Definitions and Scope
2. Patient Portal Market- Executive Summary
2.1 Market Revenue and Key Trends
2.2 Key trends by Type
2.3 Key trends by Delivery mode
2.4 Key trends by End use
2.5 Key trends by Geography
3. Patient Portal Market–Comparative Analysis
3.1 Product Benchmarking - Key companies
3.2 Financials Analysis -Key Companies
3.3 Market Share Analysis- Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis
4. Patient Portal Market - Startup companies Scenario Premium (Premium)
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Application Analysis
4.1.4 Venture Capital and Funding Scenario
5. Patient Portal Market– Industry Market Entry Scenario Premium (Premium)
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Patient Portal Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters Five Force Model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Patient Portal Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Market life cycle
8. Patient Portal Market– By Type (Market Size –$Million/$Billion)
8.1 Standalone Patient Portals
8.2 Integrated Patient Portals
9. Patient Portal Market– By Delivery Mode (Market Size –$Million/$Billion)
9.1 Web- Based Delivery
9.2 Cloud- Based Delivery
10. Patient Portal Market – By End Use (Market Size –$Million/$Billion)
10.1 Providers
10.1.1 Hospitals
10.1.2 Ambulatory Care centers
10.1.3 Home Healthcare agencies
10.1.4 Nursing Homes
10.1.5 Diagnostics & Imaging centers
10.1.6 Others
10.2 Payers
10.3 Pharmacies
10.4 Others
11. Patient Portal Market - By Geography (Market Size -$Million/$Billion)
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 U.K.
11.2.2 Germany
11.2.3 France
11.2.4 Italy
11.2.5 Spain
11.2.6 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 Japan
11.3.3 South Korea
11.3.4 India
11.3.5 Australia & New Zealand
11.3.6 Rest of APAC
11.4 Rest of the World
11.4.1 Middle East
11.4.2 Africa
11.4.3 South America
12. Patient Portal Market- Entropy
13. Patient Portal Market – Industry/Segment Competition Landscape (Premium)
11.1. 11.2. Market Share Analysis
13.1.1 Market Share by Region – Key companies
13.1.2 Market Share by Country- Key companies
13.1.3 Best Practices for Companies
14. Patient Portal Market – Key Company List by Country Premium (Premium)
15. Patient Portal Market Company Analysis
15.1 Company Revenue, Products, M&A, Developments
15.2 Company 1
15.3 Company 2
15.4 Company 3
15.5 Company 4
15.6 Company 5
15.7 Company 6
15.8 Company 7
15.9 Company 8
15.10 Company 9
15.11 Company 10 and more
"*Financials for private companies would be provided on a best efforts basis”.