Pune, Sept. 09, 2024 (GLOBE NEWSWIRE) — Patient Portal Market Size & Growth Analysis:
“As per the SNS Insider Research, The Patient Portal Market was valued at USD 3.35 billion in 2023 and is projected to reach USD 16.71 billion by 2032, growing at a CAGR of 19.55% over the forecast period 2024-2032.”
This significant growth is driven by the increasing demand for digital health solutions, the rapid adoption of electronic health records (EHRs), and the need for enhanced patient engagement and satisfaction.
The patient portal market is experiencing robust growth due to the rising demand for streamlined healthcare services and improved patient engagement. Patient portals offer secure online access to health information, appointment scheduling, and communication with healthcare providers, making them essential in modern healthcare systems. The demand for these portals is supported by advancements in digital health technologies and a shift toward patient-centric care models. Increased investment in healthcare IT infrastructure and the proliferation of innovative, user-friendly portals are enhancing patient experiences and operational efficiency for healthcare providers.
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Key Patient Portal Companies:
- Allscripts Healthcare Solutions Inc.
- Cure MD
- Epic Corporation Inc.
- Athenahealth
- eClinicalWorks
- Cerner Corporation
- McKesson Corporation
- NextGen Healthcare Information Systems LLC
- Greenway Health LLC
- Intelichart
- GE Healthcare
- Med fusion
Patient Portal Market Report Scope:
| Report Attributes | Details |
| Market Size in 2023 | US$ 3.35 Billion |
| Market Size by 2032 | US$ 16.71 Billion |
| CAGR | CAGR of 19.55% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Key Regional Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East]), Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
Segment Analysis
By Type: Integrated patient portals dominate the market, accounting for 58.3% of the revenue share in 2023, and projected to grow at a rapid rate of 19.8% during the forecast period. Integrated portals are preferred for their comprehensive functionality, which improves operational efficiency and reduces the need for disparate systems. These portals support seamless data integration and administrative task streamlining, making them ideal for large healthcare organizations. Their cost-effectiveness and unified solutions drive their growth.
By Delivery Mode: Web-based patient portals held the largest market share of 65.9% in 2023. They are favored for their ease of implementation, minimal hardware needs, and lower initial costs. Web-based portals offer automatic software updates and remote access, managed by third-party providers with subscription-based pricing models, enhancing affordability and scalability.
By End User: Healthcare providers led the patient portal market with a 53.0% share in 2023, projected to grow at a robust rate of 19.7%. The widespread use of patient portals by healthcare providers is driven by the need for better patient engagement and efficient health record management. According to the Office of the National Coordinator for Health IT (ONC), over 90% of hospitals offer patients access to their medical records, underscoring the growing reliance on these portals.
Patient Portal Market Key Segmentation:
By Type
- Standalone
- Integrated
By Delivery Mode
- Web-Based
- Cloud-Based
By End Users
- Providers
- Payers
- Pharmacies
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Regional Analysis
North America is the dominant region in the patient portal market, driven by high adoption rates of digital health solutions and significant investments in healthcare IT infrastructure. The United States, in particular, is a major player with numerous healthcare providers implementing patient portals to enhance patient engagement and streamline processes. Leading companies in the region, such as Cerner Corporation and Epic Systems, are advancing the development of innovative patient portal solutions.
Europe is the fastest-growing region, supported by increasing government initiatives to improve healthcare services through digital transformation. The region benefits from rising investments in healthcare technology and a focus on patient-centric care. Notable companies in Europe, including Siemens Healthineers and Philips Healthcare, are contributing to the market’s expansion with advanced solutions tailored to European healthcare systems.
Recent Developments
- April 2024: Meditech launched an enhanced integrated patient portal with real-time health data sharing and improved user experience.
- June 2024: Epic Systems introduced an upgraded patient portal featuring advanced telehealth capabilities and enhanced data security measures.
- July 2024: Cerner Corporation unveiled a cloud-based patient portal designed to streamline patient-provider communication and offer integrated health management tools.
- August 2024: Allscripts Healthcare Solutions released a patient portal with improved mobile access and appointment scheduling features.
- September 2024: Philips Healthcare launched a patient portal with advanced analytics and personalized health insights for patients and providers.
- October 2024: Siemens Healthineers introduced a standalone patient portal aimed at smaller healthcare facilities with a cost-effective solution and essential functionalities.
Key Takeaways
- The patient portal market is experiencing significant growth driven by the increasing adoption of digital health solutions and the need for improved patient engagement.
- Integrated portals lead the market due to their comprehensive functionality and efficiency.
- Web-based portals hold the largest market share, while cloud-based solutions are expected to grow rapidly.
- North America remains the dominant region, with Europe emerging as a fast-growing market.
- Recent developments underscore advancements in patient portal technology and its growing role in modern healthcare.
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Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
- Adoption Rates, 2023
- User Demographics, By User Type and Roles, 2023
- Feature Analysis, by Feature Type
- Cost Analysis, by Software
- Integration Capabilities
- Regulatory Compliance, by Region
6. Competitive Landscape
7. Patient Portal Market Segmentation, by Type
8. Patient Portal Market Segmentation, by Delivery Mode
9. Patient Portal Market Segmentation, by End User
10. Regional Analysis
11. Company Profiles
12. Use Cases and Best Practices
13. Conclusion
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