Patient Portal Market Size, Share & Segmentation by Type (Standalone, Integrated), By Delivery Mode (Web-Based, Cloud-Based), By End Users (Providers, Payers, Pharmacies), by Regions and Global Forecast 2023-2030
Report Id: SNS/HC/2298 | July 2022 | Region: Global | 125 Pages
Patient Portal Market Overview:
The Patient Portal Market Size was valued at USD 3.45 billion in 2022, and is expected to reach USD 14.36 billion by 2030, and grow at a CAGR of 19.5% over the forecast period 2023-2030.
Patient Portal is a safe web-based access point that gives patients 24/7 online access to their medical records. Using a secure username and password that their doctors have issued, patients can access this site. Patients can use the portal to access their medical information, including prescriptions from doctors, appointments, lab test results, etc., and contact healthcare providers whenever it is convenient for them.
MARKET DYNAMICS
DRIVERS
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Federal requirements to promote patient portal solutions among stakeholders
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The adoption of a patient-centered strategy by healthcare payers and providers
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Increased Use of EHR Solutions
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Patient portals Are Becoming More Popular Among Seniors
RESTRAINTS
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Concerns about Data Privacy & Security
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Exorbitant Deployment Costs
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Investments in Infrastructure Are Needed to Support Patient Portals
OPPORTUNITIES
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Patient Portal Services in the Cloud
CHALLENGES
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Inadequate knowledge of health
IMPACT OF COVID-19
People from all over the world have been affected by the current COVID-19 pandemic, which has also prompted the closure of operational facilities worldwide. The healthcare industry encountered unprecedented difficulties during the shutdown, including supply chain problems that forced workplace closures and affected software development efforts. However, the COVID-19 pandemic supported the market expansion for patient portals.
The COVID-19 pandemic has produced expansion prospects for businesses that are already active in or attempting to enter the patient portal sector. This is brought on by the rising percentage of the population that suffer from mental health conditions like anxiety, depression, eating disorders, and others. These portals offer online consultations with assistance from doctors from the All-India Institute of Medical Sciences (India). A further study that was published in the peer-reviewed journal Psychotherapy and Psychometrics found that the COVID-19 epidemic caused a clinically significant rise in psychopathological symptoms in around 10% of survey participants.
VALUE CHAIN ANALYSIS
Over the course of the forecast period, it is anticipated that the global patient portal market will grow significantly. This can be attributed to a number of factors, including an increase in the number of government policies that support digital strategies, greater adoption of EHRs, an increase in the number of software providers, and rising demand for data management services. The value chain analysis for the patient portal market is divided into four main parts, starting with the input backed by R&D to identify demands, then the software development process, the output in the form of software or application, and finally marketing and distribution.
By Type
Patient portals that are freestanding and those that are integrated make up the market. An existing EMR/EHR (electronic medical records/electronic health records) system or other healthcare IT system can be expanded with integrated patient portals as a module. According to estimates, integrated portals hold the biggest market share worldwide. This high percentage can be attributed to the fact that these solutions provide more efficiency and need little costly custom development to create a system bridge. The same company that sells an EHR system also offers the majority of integrated portals. Additionally, these solutions enable users to carry out numerous business tasks via a single interface. They offer a comprehensive solution, making them more affordable, popular, and in great demand.
By Delivery Mode
Web-based and cloud-based modalities have been separated out into separate market segments. The majority of the market is made up of websites that deliver goods and services. Nevertheless, the cloud-based mode of delivery is anticipated to expand at a higher CAGR because cloud-based services can assist healthcare organisations in sharing and integrating data from many locations or systems in real time and creating a database registry.
By End Users
Providers, payers, pharmacies, and other entities make up the market's end user segments. Hospitals, outpatient clinics, home health organisations, nursing homes, diagnostic and imaging facilities, and doctors are examples of providers. Governmental organisations and employer groupings are some more end users. The worldwide patient portal market is anticipated to be dominated by providers. One of the factors driving the use of patient portal solutions among providers around the world is the growing need to increase profitability of healthcare operations while containing costs, as well as government initiatives to improve the quality of care and various incentive programmes for providers.
COMPETITIVE LANDSCAPE
Some of the major key players are as follows: 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, and other players.
MARKET SEGMENTS:
By Type
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Standalone
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Integrated
By Delivery Mode
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Web-Based
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Cloud-Based
By End Users
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Providers
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Payers
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Pharmacies
REGIONAL ANALYSIS
Due to the development of healthcare IT, North America held the biggest market share and dominated the industry. IT technology have been successfully incorporated into healthcare systems in nations like the United States and Canada, which could promote industry expansion.
Due to the size of the target population in the area, comorbidity management has grown to be difficult. Additionally, in North America, the transition from volume-based to value-based reimbursement is driving up the demand for patient portal systems.
Due to the rising deployment of telemedicine and healthcare IT projects as well as the digitization of medical procedures in the region, Europe is predicted to hold a second leading position in the market. The region's market will mostly be influenced by how well-liked and in-demand high-end medical infrastructure is in Asia-Pacific. The development of the market for high acuity information systems would be fueled by the fact that China, Japan, and India are the most developing countries in the area.
REGIONAL COVERAGE
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North America
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USA
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Canada
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Mexico
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Europe
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Germany
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UK
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France
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Italy
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Spain
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The Netherlands
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Rest of Europe
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Asia-Pacific
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Japan
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south Korea
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China
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India
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Australia
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Rest of Asia-Pacific
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The Middle East & Africa
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Israel
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UAE
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South Africa
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Rest of Middle East & Africa
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Latin America
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Brazil
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Argentina
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Rest of Latin America
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| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 3.45 Billion |
| Market Size by 2030 | US$ 14.36 Billion |
| CAGR | CAGR of 19.5% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Standalone, Integrated) • By Delivery Mode (Web-Based, Cloud-Based) • By End Users (Providers, Payers, Pharmacies) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | 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, and other players. |
| Key Drivers | • Federal requirements to promote patient portal solutions among stakeholders • The adoption of a patient-centered strategy by healthcare payers and providers |
| Restraints | • Concerns about Data Privacy & Security • Exorbitant Deployment Costs • Investments in Infrastructure Are Needed to Support Patient Portals |
Frequently Asked Questions (FAQ) :
What was the size of Patient Portal Market?
Patient Portal Market Size was valued at USD 2.89 billion in 2021, and expected to reach USD 10.09 billion by 2028.
What are the main drivers of the Patient Portal market?
Increased Use of EHR Solutions, and Patient portals Are Becoming More Popular Among Seniors are the key drivers of the Patient Portal market
Which Region is dominating in the Patient Portal market?
Due to the development of healthcare IT, North America held the biggest market share and dominated the industry.
Which are the key players of Patient Portal market?
Allscripts Healthcare Solutions, Inc., Cure MD, Epic Corporation Inc., Athenahealth, eClinicalWorks, Cerner Corporation, McKesson Corporation, NextGen Healthcare Information Systems, LLC, are the key players of Patient Portal market
What is the value chain analysis of Patient Portal Market?
The value chain analysis for the patient portal market is divided into four main parts, starting with the input backed by R&D to identify demands, then the software development process, the output in the form of software or application, and finally marketing and distribution.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Patient Portal Market Segmentation, By Type
8.1 Standalone
8.2 Integrated
9. Patient Portal Market Segmentation, By Delivery Mode
9.1 Web-Based
9.2 Cloud-Based
10. Patient Portal Market Segmentation by End Users
10.1 Providers
10.2 Payers
10.3 Pharmacies
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12.Company Profiles
12.1 Allscripts Healthcare Solutions, Inc.
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2CureMD
12.3 Epic Corporation Inc.
12.4 Athenahealth
12.5 eClinicalWorks
12.6 Cerner Corporation
12.7 McKesson Corporation
12.8 NextGen Healthcare Information Systems, LLC
12.9 Greenway Health, LLC
12.10 Inteli chart
13.Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14.Conclusion
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