Full Answer
What is the market size of the patient portal market?
The global market for the patient portal was valued at USD 2.41 billion in 2021, and it is anticipated to reach USD 11.74 billion by 2030 at a CAGR of 19.23%. The global patient portal market is broken down into four parts based on type, delivery mode, end-use and region.
What is a patient portal in healthcare?
As per the scope of the report, the patient portal is a web-based access point that is connected with the electronic health records (EHR) systems and is focused on patient’s access to health records. The patients can share their health information and communicate remotely. These allow patients to look into various data points.
What is the forecast period of the patient portal market research 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:
Why are web-based patient portals so popular?
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. To learn more about this report, request a free sample copy
How do you market a patient portal?
Seven tips on how to promote your patient portal Add a tag line to appointment cards, statements, newsletters, and other communication. An example: “Tired of playing phone tag? Sign up for the patient portal.” Change your practice's on-hold messaging to include information introducing the patient portal.
What percentage of hospitals use patient portals?
As of 2018, a reported 90% of health care organizations offer patients portal access, with the remaining 10% reporting plans to adopt this tool [5].
Are patient portals effective?
Patient portal interventions were overall effective in improving a few psychological outcomes, medication adherence, and preventive service use. There was insufficient evidence to support the use of patient portals to improve clinical outcomes.
Can patient portals increase engagement?
Patient portals may enhance patient engagement by enabling patients to access their electronic medical records (EMRs) and facilitating secure patient-provider communication.
What are the challenges of patient portals?
Patient portals are secure websites that give people access to their personal health information from anywhere, at any time....Table of ContentsGetting Patients to Opt-In.Security Concerns.User Confusion.Alienation and Health Disparities.Extra Work for the Provider.Conclusion.
What are the benefits of patient portals?
The truth is, there are a lot of benefits to using a patient portal for providers.Better Patient Communication. ... Streamline Patient Registration and Administrative Tasks. ... Greater Focus on Patient Care. ... Better Patient-Physician Relationships. ... Improve Clinical Outcomes. ... Optimize Medical Office Workflow.
What is a disadvantage of patient portal?
The most frequently reported downside to patient portals is the difficulty providers often face in generating patient buy-in. Although providers are generally aware of the health perks of using a patient portal, patients are seldom as excited about the portal as they are.
Why do patients not use patient portals?
The researchers found no demographic differences among nonusers who said that a technology hurdle, lack of internet access or no online medical record was the reason why they did not make use of a patient portal.
How many patients use patient portals?
Nearly 40 percent of individuals nationwide accessed a patient portal in 2020 – this represents a 13 percentage point increase since 2014.
What are the five main features of the new healthcare portal?
Five key features to look for in an EHR patient portalEasy to follow user interface. ... Messaging and communication. ... Registration. ... Scheduling. ... Enhanced security.
Are patient portals a part of EHR?
Electronic health record (EHR) patient portals provide a means by which patients can access their health information, including diagnostic test results.
How the patient portal is empowering?
July 18, 2017 - Patients enjoy having patient portal health data access because it allows them to take ownership of their own care, makes them feel empowered as partners in their treatments, and helps them detect and identify errors their providers may have made in their medical records, according to a recent study.
How do patient portals improve patient outcomes?
Patient portals have demonstrated benefit by improving adherence to medications and providing patient-provider communication. They may reduce in-person and emergency department visits, facilitate patient discovery of errors in electronic medical records (EMRs) and reduce the cost of care.
How the patient portal is empowering?
July 18, 2017 - Patients enjoy having patient portal health data access because it allows them to take ownership of their own care, makes them feel empowered as partners in their treatments, and helps them detect and identify errors their providers may have made in their medical records, according to a recent study.
What is a patient portal How will the patient portal enhance the quality of care?
Not only is the patient portal a convenient place for patients and providers to communicate, but it is also the place patients go to understand their personal health. Here, patients can review their care plan so that they can adhere to it more easily and gain instant access to test results in real-time.
What is the study period of this market?
The Global Patient Portal Market market is studied from 2019 - 2027. Read More
What is the growth rate of Global Patient Portal Market?
The Global Patient Portal Market is growing at a CAGR of 18.4% over the next 5 years. Read More
What is Global Patient Portal Market size in 2019?
The Global Patient Portal Market is valued at 3368 Million USD in 2019. Read More
What is Global Patient Portal Market size in 2027?
The Global Patient Portal Market is valued at 9188 Million USD in 2027. 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 2021. Read More
Who are the key players in Global Patient Portal Market?
Allscripts Healthcare Solutions Inc., McKesson Corporation, CureMD Healthcare, Athenahealth, Inc., Oracle (Cerner Corporation) are the major compan...
What is the global patient portal market?
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. Also, increasing demand for Electronic Health Record (EHR) and mandatory federal norms are responsible for the increased usage of patient portals.
What is integrated patient portal?
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. Integrated portals eliminate the need to develop a separate customized system to bridge the gap between physician requirements and patient information.
Why is the patient portal market growing?
Patient Portals market is expected to rise in the future due to factors such as: increase in demand due to ease in usage, advancements in technology which helps the key market players in upgrading their offerings, growing demand of electronic health record (EHR) and positive government funding policies.
What is a patient portal?
Patient Portal services are available 24*7 via which a patient can view his/her recent doctor visits, discharge summaries, allergies, medications, immunizations and lab results . The benefits of using patient portals is that it enhances patient-provider communication, support care between visits, empower patients and improve patient outcomes. Patient Portals are beneficial for the doctor too; it increases their productivity as they can have a quick overview of the patient’s medical history before examining them, which saves a lot of time because the doctor doesn’t need to go through stacks of files to understand the medical history of the patient; he/she can view it over the patient portal. Few advanced patient portals also allow patients to exchange email with their healthcare team, schedule non-urgent appointments, make payments, download forms, update their contact information and check benefits and coverage.
What are the factors that drive the Patient Portal industry?
The major factors that are anticipated to drive the Patient Portal industry include adoption of the patient-centric approach, increasing demand for electronic health records (EHR), and expanding aging population increase the rate of chronic diseases.
Is AllScripts a partner of XRHealth?
Sep-2019: AllScripts came into partnership with XRHealth, a leader in extended reality and therapeut ic applications. In this partnership, XRHealth will provide an integrated AR/VR platform, leveraging AllScripts Open APIS. This partnership offers a platform to the doctors in which they can view all the critical information of the patients.
Industry Trends
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.
Rising penetration of EHR solutions will amplify the patient portal market revenue
The increasing penetration of EHRs solutions by healthcare providers assists patients to access and monitor their medical information & increase patient participation in managing their healthcare. Growing usage of these services by federal, non-federal hospitals as well as individual physicians, thereby promotes the market potential.
Advantages of integrated portals such as efficiency, multiple functionality and cost-effective solutions to expedite the market demand
The integrated portals segment in the patient portal market was valued at more than USD 2.08 billion in 2020 led by the ability of integrated portals to offer one-stop solutions that aid in fuelling efficiency, multiple functionality and cost-effective solutions.
Reduced preliminary expenses and high preference among independent medical practitioners will augment the cloud-based patient portal services
The patient portal market for cloud-based segment is expected to showcase 14.5% growth rate through 2027 impelled by the high preference & rising acceptance of EHR systems by small scale users, affordable pricing, and improving data safety measures for cloud-based portal services.
Growing usage of patient portal services by healthcare providers segment to soar the industry revenue
The healthcare providers segment crossed USD 1.44 billion by 2027 owing to the high penetration of EHR services including patient portals in the healthcare facilities.
Favorable government policies coupled with advanced technological infrastructure in North America will prove conducive for the industry progression
U.S. patient portal market is predicted to reach over USD 3.36 billion by 2027 on account of the incentivized government policies for EHR system developers and adopters, technological advancements, successful incorporation of IT technologies and high acceptance for advanced technologies in the country.
Strategies adopted by prominent players are estimated to facilitate the business growth
Some of the major companies operating in the market are Allscripts Healthcare Solutions, Inc., McKesson Corporation, Cerner Corporation, GE Healthcare, NextGen Healthcare Information Systems, LLC, Epic Systems Corporation, Inc., and 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:
Patient Portal Market Scope
By type, the market is segmented into Standalone Patient Portals, and Integrated Patient Portals. By application, the market is divided into Providers, Payers, Pharmacies, and Others.
Reasons to Get this Report
In an insight outlook, this research report has dedicated to several quantities of analysis industry research (global industry trends) and Global Patient Portal Market share analysis of high players, along with company profiles, and which collectively include about the fundamental opinions regarding the market landscape; emerging and high-growth sections of Global Patient Portal Market; high-growth regions; and market drivers, restraints, and also market chances..
The analysis objectives of the report are
To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers, and industry-specific challenges and risks).
Report Overview
Type Insights
- Integrated portal held the dominant revenue share of 58.1% in 2021, due to its ability to provide one-stop solutions that help with efficiency, multiple functionality, and cost-effective solutions. Integrated portals eliminate the need to develop a separate customized system to bridge the gap between physician requirements and patient information. Additionally, research efforts concentr…
Delivery Mode Insights
- In 2021, the web-based segment with 66.0% held the maximum share of the market. The growth of the segment can be attributed to the benefits offered by this software, such as shorter implementation time, no additional investment for hardware, automatic software updates, and low initial investment. Unlike on-premises software, web-based software can be installed off-site an…
End-Use Insights
- The providers segment dominated the market in 2021 and is anticipated to be the fastest-growing segment over the forecast period. Over 90% of hospitals, according to the Office of the National Coordinator for Health IT (ONC), give users access to their medical records, with 72 percent of organizations granting users the ability to view, download, and transmit their entire medical reco…
Regional Insights
- North America dominated the market with a share of 44.05% in 2021, owing to the technological advancements in healthcare IT. Countries like the United States and Canada have had success integrating IT technologies into their healthcare systems, which could drive market growth. Over 130 million people in the U.S. suffer from at least one chronic condition. These conditions are re…
Key Companies & Market Share Insights
- The market is highly fragmented due to the presence of a large number of players. The market leaders are emphasizing strategic formulations such as partnerships, new product development & commercialization, collaborations, and others to expand their presence. The key market participants are substantially spending on R&D activities, which allows them to develop unique s…
Segments Covered in The Report
- This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2030. For this study, Grand View Research has segmented the global patient portal market report based on type, delivery mode, end-use, and region: 1. Type Outlook (Revenue, USD Million, 2016 - 2030) 1.1. Sta…