what is the market for patient portal

What was the patient portal market size in 2018?

Market Overview The patient portal market was valued at USD 2,608.5 million in 2020, and it is expected to reach USD 5,980.5 million by 2026, registering a CAGR of 14.83% during the forecast period. As COVID-19 march the globe the need for data sharing across various platforms and with patients has become essential.

What is the forecast period of patient portal market research report?

Market Overview: The global patient portal market reached a value of US$ 2905.8 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 6546.8 Million by 2027, exhibiting at a CAGR of 14.40% during 2022-2027.

Who are the key market players in the patient portal market?

Sep 30, 2021 · Patient Portal Market size exceeded USD 3.1 billion in 2020 and is anticipated to grow at a CAGR of over 14.1% between 2021 and 2027. Growing adoption of patient-focused models in healthcare settings by healthcare providers and payers is stimulating the market growth. To cope up with the evolving healthcare industry, many organizations have …

What are the factors driving the growth of patient portal market?

1 day ago · Patient Portal Market grew at an average yearly rate of around xx% during the timeframe (2022-2030). Request a sample copy at https://datavagyanik.com/reports/global-patient-portal-market/ Research...

How many patients use a patient portal?

FINDINGS. Nearly 40 percent of individuals nationwide accessed a patient portal in 2020 – this represents a 13 percentage point increase since 2014.Sep 21, 2021

How effective are patient portals?

In the outputs category, some but not all studies found patient portals improved patient engagement; patients perceived some portal functions as inadequate but others as useful; patients and staff thought portals may improve patient care but could cause anxiety in some patients; and portals improved patient safety, ...

Why is patient portal important in healthcare?

Patient portals provide the ability for patients to have 24-hour access to connect with their provider by reviewing patient health information (PHI), asking and answering questions, and reviewing notes, making the patient-physician relationship closer than ever.Dec 8, 2017

What is a patient portal in healthcare?

A patient portal is a secure online website that gives patients convenient, 24-hour access to personal health information from anywhere with an Internet connection. Using a secure username and password, patients can view health information such as: Recent doctor visits. Discharge summaries. Medications.Sep 29, 2017

What are the pros and cons of patient portals?

What are the Top Pros and Cons of Adopting Patient Portals?Pro: Better communication with chronically ill patients.Con: Healthcare data security concerns.Pro: More complete and accurate patient information.Con: Difficult patient buy-in.Pro: Increased patient ownership of their own care.Feb 17, 2016

What are the risks of a patient portal?

Some of these risks include: reliance on the patient portal as a sole method of patient communication; patient transmission of urgent/emergent messages via the portal; the posting of critical diagnostic results prior to provider discussions with patients; and possible security breaches resulting in HIPAA violations.Mar 1, 2021

How do you improve patient portals?

Here are some ways to encourage patient enrollment:Include information about the patient portal on your organization's website.Provide patients with an enrollment link before the initial visit to create a new account.Encourage team members to mention the patient portal when patients call to schedule appointments.More items...•Jun 25, 2020

What safeguards are included in patient portals?

Patient portals have privacy and security safeguards in place to protect your health information. To make sure that your private health information is safe from unauthorized access, patient portals are hosted on a secure connection and accessed via an encrypted, password-protected logon.

What is the goal of hie?

Electronic health information exchange (HIE) allows doctors, nurses, pharmacists, other health care providers and patients to appropriately access and securely share a patient's vital medical information electronically—improving the speed, quality, safety and cost of patient care.Jul 24, 2020

What are the five main features of the new healthcare portal?

5 Key Features Every Patient Portal Needs to OfferExcellent user experience. ... Branding flexibility. ... Flexible financing options. ... Loyalty rewards and incentives. ... Integration with existing systems.May 12, 2020

What types of patient portals are there?

There are two main types of patient portals: a standalone system and an integrated service. Integrated patient portal software functionality usually comes as a part of an EMR system, an EHR system or practice management software. But at their most basic, they're simply web-based tools.Feb 12, 2021

What makes the patient portal different from a PHR?

A tethered PHR, as defined by the ONC, is an online interface tied to an EHR with which patients may view and sometimes interact with their health data. ... A patient portal is a secure online website that gives patients convenient 24-hour access to personal health information from anywhere with an Internet connection.Feb 17, 2017

What is the study period of this market?

The Global Patient Portal Market market is studied from 2018 - 2026. Read More

What is the growth rate of Global Patient Portal Market?

The Global Patient Portal Market is growing at a CAGR of 14.83% over the next 5 years. Read More

What is Global Patient Portal Market size in 2018?

The Global Patient Portal Market is valued at 2608 Million USD in 2018. Read More

What is Global Patient Portal Market size in 2026?

The Global Patient Portal Market is valued at 5980 Million USD in 2026. Read More

Which region has highest growth rate in Global Patient Portal Market?

Asia Pacific is growing at the highest CAGR over 2021- 2026. Read More

Which region has largest share in Global Patient Portal Market?

North America holds highest share in 2020. Read More

Who are the key players in Global Patient Portal Market?

Allscripts Healthcare Solutions Inc., McKesson Corporation, CureMD Healthcare, Athenahealth, Inc., Cerner Corporation are the major companies opera...

How big is the patient portal market?

The industry size of patient portal surpassed USD 3.1 billion in 2020 and will expand at a CAGR of 14.1% from 2021 to 2027 with rising adoption of...

Why is the integrated patient portal market expanding?

The integrated patient portal market accounted for over USD 2.08 billion in 2020 and will grow due to their ability to provide one-stop solutions t...

What is the value of cloud-based patient portal market?

The cloud-based segment is anticipated to exhibit a CAGR of 14.5% up to 2027 driven by surging adoption of EHR systems by small scale users. Read More

How will the patient portal market grow in the U.S.?

U.S. market recorded more than USD 3.36 billion through 2027 owing to rising technological advancements and incentivized government policies for EH...

Which are leading patient portal providers?

Prominent companies in the patient portal market comprise McKesson Corporation, NextGen Healthcare Information Systems, LLC, Greenway Health, LLC,...

Global Patient Portal Market, Dynamics, Trends, and Market Analysis

The report on the Global Patient Portal Market is segmented By Type ( Standalone Patient Portal, Integrated Patient Portal), By Delivery Mode ( Web-Based, Cloud-Based), By End-User ( Payers, Providers, Others ), and Region.

Impact of COVID-19 on Patient Portal Market

Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

Market Insights

The Global Patient Portal Market is estimated to grow from USD 2.1 billion in 2020 to USD 5.2 billion by 2026 at a healthy CAGR of 16.7% during the forecast period.

Market Dynamics

The global market growth is primarily driven by an increasing number of hospitals and clinics adopting the patient portals due to its superior benefits for both patients and healthcare providers.

Segments' Analysis

Based on delivery mode, the market has been divided into web-based and cloud-based.

Target Audience

The following is a list of the customers that the Global Patient Portal market aims to convert the most:

Global Patient Portal Market Segmentation –

Regional & Country Analysis#N#North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa

Patient Portal Market Size, Growth Forecast- Industry Outlook 2021-2027 and Analysis 2019-2025

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Report Overview

The global patient portal market size was valued at USD 1.9 billion in 2018 and is expected to grow at a CAGR of 17.6% over the forecast period. The rising number of healthcare facilities adopting the patient portals are contributing to market growth.

Type Insights

Integrated patient portals dominated the type segment in terms of revenue share in 2018. About the increasing adoption of EHRs, pre-integrated patient portals are preferred by healthcare professionals.

Delivery Mode Insights

In 2018, web-based patient portals held a majority of the market share in terms of revenue. Technological advances, improved efficiency, convenience, and affordability are some of the factors responsible for the increasing adoption of web-based patient portals.

End-Use Insights

The healthcare providers dominated the end-use segment of the patient portal market in 2018. Moreover, the providers are anticipated to be the fastest-growing segment over the forecast period from 2019 to 2026.

Regional Insights

North America held a majority of the market share in 2018, owing to the technological advancements in healthcare IT. The Asia Pacific is anticipated to experience the fastest growth over the forecast period due to improving healthcare infrastructure and rising expenditure.

Key Companies & Market Share Insights

Some of the key market players in the patient portal market are Allscripts Healthcare Solutions, athenahealth, Inc., Cerner Corporation, Epic System Company, McKesson Corporation, GE Healthcare, Medfusion, and CureMD.

Segments Covered in the Report

This report forecasts revenue growth and provides an analysis of the latest trends in each of the subsegments from 2015 to 2026. For this study, Grand View Research has segmented the patient portal market based on type, delivery mode, end-use, and region: