Patient Portal Market is estimated to be US$ 7862.01 billion by 2030 with a CAGR of 11.50% during the forecast period

 


Patient Portal Market accounted for US$ 2643.21 million in 2020 and is estimated to be US$ 7862.01 million by 2030 and is anticipated to register a CAGR of 11.50%. The patients can share and view their health information and communicate remotely. These characteristics enables patients to look into various data points, such as diagnostic test results, medical history, and prescription information. Patient portal is one of the many tools that allow the healthcare payers and providers to arrive at outcomes, which are patient-centric. Rapid technological advancements in the digital space are rising the engagement level of patients in the entire healthcare ecosystem. Data points collected on a per-patient basis through patient portal can be used for performing pin-point diagnosis, designing better clinical trials, and helping in the elimination of administration of redundant therapies and drugs to individual patients.

The report " Global Patient Portal Market, By Portal (Integrated Patient Portal and Standalone Patient Portal), By Deployment Mode (Cloud-based and On-premise), By End-user (Hospitals & Clinics, Pharmacies, and Other End Users), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030’’

Key Highlights:

·         TrueCare released its MyChart patient portal in March 2021 to make it easier for patients to access and manage their health information.

·         Bridge Patient Portal announced the introduction of their new telehealth solution, which uses Zoom for Healthcare, in January 2020.

Analyst View:

The capacity and financial viability of healthcare systems are under constant strain as the population ages and chronic diseases become more prevalent. Furthermore, advances in healthcare technology, genomics, linked devices, big data analytics, and artificial intelligence are creating massive amounts of health data and insights, which are assisting healthcare clinicians in making better and faster diagnosis and treatment decisions. Market participants are also concentrating on market development methods including collaboration, collaborations, and product launches. For example, Allscripts and Microsoft announced a partnership in July 2019 to enable interoperability between different technology platforms and to streamline EHR data exchange for Microsoft HealthVault users. As a result of all of the aforementioned factors, the industry is booming and is predicted to have a large market share over the forecast period. However, worries about data privacy and security, as well as the expensive implementation and deployment costs.

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Key Market Insights from the report:

Global Patient Portal Market accounted for US$ 2643.21 million in 2020 and is estimated to be US$ 7862.01 million by 2030 and is anticipated to register a CAGR of 11.50%.  The global patient portal market is segmented based portal, deployment mode, end-user, and region.

·         Based on Portal, Global Patient Portal Market is segmented into Integrated Patient Portal and Standalone Patient Portal.

·         Based on Deployment Mode, Global Patient Portal Market is segmented into Cloud-based and On-premise.  

·         Based on End-User, Global Patient Portal Market is segmented into Hospitals & Clinics, Pharmacies, and Other End Users. 

·         By Region, the Global Patient Portal Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Global Patient Portal Market:

The key players operating the global patient portal market involves Allscripts Healthcare Solutions, Inc., Mckesson Corporation, Curemd Healthcare, Athenahealth Inc., Cerner Corporation, Nextgen Healthcare Information Systems LLC, GE Healthcare, Greenway Health LLC, Medfusion Inc., and Eclinicalworks LLC. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report. 

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

Some Important Points Answered in this Market Report Are Given Below:

·         Explains an overview of the product portfolio, including product development, planning, and positioning

·         Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.

·         Detailed analysis of the market revenue over the forecasted period.

·         Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.

·         Study on the segments that are anticipated to dominate the market.

·         Study on the regional analysis that is expected to register the highest growth over the forecast period

To know more

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Prophecy Market Insights

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