San Francisco, October 18, 2019: Latest study by Grand View Research, Inc. titled “Patient Portal Market Size, Share & Trend Analysis By Type (Standalone, Integrated), By Delivery Mode (Web-based, Cloud-based), By End Use (Providers, Payers, Others), By Region, And Segment Forecasts, 2019 – 2026”, reveals that the global patient portal market size is expected to reach USD 7.0 billion by 2026, according to a new report by Grand View Research, Inc. expanding at a CAGR of 17.6% over the forecast period. The demand for Electronic Health Record (EHR) with a patient portal is expected to exhibit an upsurge over the forecast period, owing to the increasing demand, favorable government funding policies, and the continual technological advancements offered by the key industrial players.
Some key findings from the report:
– Integrated patient portal segment was identified as the most lucrative segment in 2018 owing to the rapid shift of providers from their previous methods to the EHRs
– Web-based patient portals dominated the market in 2018 in terms of market share due to improved efficiency, affordability, and convenient user interface
– Cloud-based portals, on the other hand, are anticipated to witness the fastest growth rate in the coming years
– Healthcare providers held a majority of the end use segment in the patient portal market in 2018. In addition, providers are expected to be the fastest growing segment over the forecast period from 2019 to 2026.
– North America dominated the overall market in 2018 due to the technological advancements and implementation of healthcare IT in the region. Asia Pacific is expected to be the fastest growing segment over the forecast period.
– Some of the key players in this market are GE Healthcare, Allscripts Healthcare Solutions, McKesson Corporation, and Cerner Corporation. Developers are collaborating and expanding with the aim of combining the use of innovation and technology to improve efficiency and provide better services for the convenience of the providers.
Patient portal technology has emerged due to introduction of the HITECH 2009 Act. It has become crucial for healthcare providers to understand patient perspectives in terms of health data. Patient portal solutions offer convenient usage and better care management. In May 2016, CureMD signed a pledge of Voluntary National Interoperability. This pledge stated that action plans to develop and implement rapid flow in healthcare information between providers, patients, and other concerned authorities are to be implemented.
The final report on global patient portal market has been segmented on the basis of type, delivery mode, end use, and region:
Patient Portal Type Outlook (Revenue, USD Million; 2015 – 2026)
Standalone
Integrated
Patient Portal Delivery Mode Outlook (Revenue, USD Million; 2015 – 2026)
Web-based
Cloud-based
Patient Portal End Use Outlook (Revenue, USD Million; 2015 – 2026)
Providers
Payers
Others
Patient Portal Regional Outlook (Revenue, USD Million, 2015 – 2026)
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Asia Pacific
Japan
China
India
Australia
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
South Africa
Saudi Arabia
United Arab Emirates
ICON, a global drug development and service provider, launched its online “Firecrest Patient Portal” in 2015. This patient portal is specifically designed for individual patients to understand their entire treatment process before consulting the provider and view information regarding clinical trials. The portal offers services such as online appointment registration, laboratory tests and reports, and other necessary facilities.
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