USD 2.90 billion
Report ID:
SQMIG35G2116 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
61
|Figures:
78
Global Patient Portal Market was valued at USD 2.90 billion in 2022 and is poised to grow from USD 3.46 billion in 2023 to USD 14.30 billion by 2031, at a CAGR of 19.4% during the forecast period (2024-2031).
For health-care support, patient portal is an online service for common people. It is a go to place for individuals to communicate with the health-care professionals very easily by connecting them for medications and support. It facilitates easy tracking of applications, doctor visits, discharge and medication summaries, laboratory results of the patient, billings and others.
Patient portal market is expected to grow quickly due to the easy communication with doctors and tracking of the services such as EHR adoption that can positively add value to the growth of the market globally as individuals especially elderly people like to have easy access of some services like connecting with the health-care professionals on the go, and this plays a vital role for the growth globally during the forecast period. According to the World Health Organization (WHO), more than half of upper middle and high-income countries have implemented national EHR systems.
The pandemic has been a boon to the patient portal market due to less visits to hospital for medical help because of getting affected if they have some contact with the infected patients. There is an increased online appointment, chatbots and other services that help the patient to directly interact with the specialist and EHR is quite helpful in that regard.
US Patient Portal Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2.90 billion
Largest Segment
web based
Fastest Growth
cloud based
Growth Rate
19.4% CAGR
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The global patient portal market is segmented based on type, mode of delivery, end-user, and region. Based on type, the Patient Portal Market is segmented into standalone patient portal and integrated patient portal. Based on mode of delivery, the market is segmented as cloud-based delivery and web-based delivery. Based on end-user, the Patient Portal Market is segmented as hospitals & clinics, health-care payers, pharmacies and others. Based on region, it is categorized into North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW).
Patient Portal Market Analysis by Type
Integrated patient portal system holds the largest market share of 58.1% in 2021. Integrated portal is a one stop solution as it is cost effective, efficient and so on which bridges the gap between physical needs and online prescriptions and these are in high demand currently in 2022. Further, it can save time on both ends.
Smaller health-care providers such as private labs, independent pharmacies and others can use standalone portal systems due to its plain software architecture, easy to use and low budget requirement.
Patient Portal Market Analysis by Mode of Delivery
Based on mode of delivery, the web-based segment accounted for 66.0% market share in 2021 and has quite dominated the patient portal market because of many offerings by this software such as automatic software updates, no extra cost for the hardware, and others. It can be installed remotely and is managed by a third-party.
During the anticipated period, the cloud-based segment is expected to grow due to the real-time interaction facility for the health-care companies to share and merge data from various systems; and online appointment booking & email marketing and others are some services available in the portal.
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Global patient portal market is dominated by North America, accounting for the largest market share in 2021 and the region is expected to experience significant growth during the forecast period due to the advancement in technologies in the health-care department. The U.S. and Canada are the dominant countries in using the new technology. In the U.S. due to chronic disease, 70% of the deaths are responsible for this reason and this leads to switch to value-based reimbursement and is driving the need for patient portal systems in North America.
Europe is the second region in dominance in the patient portal market owing to the increased deployment of health-care IT & tele-health initiatives, and the digitization of healthcare regulations in the region.
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Patient Portal Market Drivers
Improved Healthcare Infrastructure to Bolster Market Growth
Patient Portal Market Restraints
Security Concerns to Hinder Market Growth
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Global patient portal market provides a detailed competitive landscape on numerous things below. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the prominent market players are also focussing on concentrating on R&D. The following top players play a key role in generating revenue during the forecast period.
Patient Portal Market Top Player's Company Profiles
Patient Portal Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global patient portal market analysis, among regions North America is expected to capture higher market share, the growth of the region is attributed to greater demand for the developing economies owing to the increasing popularity of the technological advancements in the region. Awareness among few regions of the latest technologies or software can contribute to the growth of the market slowly and is expected to continue the growth at a good pace because of the widespread awareness in various countries during the anticipated period.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 2.90 billion |
Market size value in 2031 | USD 14.30 billion |
Growth Rate | 19.4% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
Patient Portal Market Recent Developments
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Patient Portal Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Patient Portal Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Patient Portal Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Patient Portal Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35G2116
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