Global Patient Portal Market

Patient Portal Market Size, Share, Growth Analysis, By Type(Standalone patient portal, integrated patient portal), By Mode of Delivery(Cloud-based delivery, web-based delivery), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35G2116 | Region: Global | Published Date: April, 2024
Pages: 219 | Tables: 61 | Figures: 78

Patient Portal Market Insights

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.

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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).

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. 'Allscripts Healthcare Solutions, Inc.', 'Athenahealth, Inc.', 'Cerner Corporation', 'CureMD Healthcare', 'eClinicalWorks LLC', 'Epic Systems Corporation', 'GE Healthcare', 'Greenway Health LLC', 'McKesson Corporation', 'MEDHOST, Inc.', 'Meditech', 'NextGen Healthcare Information Systems, LLC', 'NXGN Management, LLC', 'Nextech Systems, LLC', 'NueMD', 'Optum, Inc.', 'Practice Fusion, Inc.', 'QSI Management, LLC', 'RelayHealth Corporation', 'WebPT Inc.', 'Cerner and IBM teamed together in December 2023 to include the Watson AI platform into Cerner's patient interface, enabling suggestions and individualized patient involvement. ', 'RelayHealth is a patient engagement platform that McKesson purchased in November 2023 in order to bolster its patient portal capabilities and increase its market share.    ', 'Epic and Apple announced a cooperation in September 2023 to integrate the Apple Watch with Epic's patient portal. This would enable patients to track their health information and get reminders for appointments and prescription refills.'

Increased demand for electronic health records can drive the market growth ahead as expected during the anticipated period.

The quick digitization across the health-care sector initiates the positive factor in the patient portal market. The extensive integration of cloud-based solutions, artificial intelligence (AI), and big data analytics with patient portals facilitating the professionals to make quick decisions, treatment planning, and quick diagnosis.

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.

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Global Patient Portal Market

Report ID: SQMIG35G2116

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