Patient Portal Market
Medical technology has made great strides in providing easy access to medical files. The patient portal market is set based on patients entering a username and password on a secure website that stores their personal medical information. These fully protected virtual portals offer secure access to people who wish to keep their medical records at their fingertips. The end-user can use this virtual space to easily access the doctor's appointment, medical advice, billing information, personal medical records, prescriptions, and follow-up for their recovery.
Patient Portal Market Size
It has been estimated that the patient portal market is designed to reach $ 2.74 Billion by 2020 from $ 1.19 Billion in 2015, at a CAGR of 18.1% during the aforesaid forecast period.
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List of companies with HQ
Allscripts Healthcare Solutions, Inc. (US), McKesson Corporation (US), Athenahealth (US), Cerner Corporation (US), eClinicalWorks (US), CureMD (US), NextGen Healthcare Information Systems, LLC (US), Greenway Health, LLC (US), Medfusion (US), Epic Corporation Inc. (US), GE Healthcare (US), Intelichart (US), Others
Patient Portal Market Share
North America remains to be the major sector when it comes to the integration of healthcare IT solutions. The Medicare and Medicaid Services have successfully gone through the EHR Incentive Program in U.S. hospitals by offering financial incentives to integrate the EHR in line with the significant use endpoint. The Health Information Technology for Economic and Clinical Health (HITECH) Act of 2009 integrated EHR across the hospitals in the U.S. The government successfully trained health information technology (HIT) employees to implement patient portals in healthcare facilities.
India remains the key player in the patient portal market in the Asia Pacific region due to the government implementing healthcare policies and digital aids like the Ayushman Bharat Yojana and National Digital Health Blueprint (NDHB). The Middle East and African regions have yet to see considerable progress in integrating modern patient portals in the hospitals.
The key companies investing in this venture are Allscripts Healthcare Solutions, Inc., Cerner Corporation, GE Healthcare, NextGen Healthcare Information Systems, LLC, and Epic Systems Corporation, Inc.
Patient Portal Market Growth
There has been a substantial increase in patient portals due to patient-centric management, modern EHR implementations in hospitals around the globe and strict government regulations through medical collaborations. The increase in seniors with various chronic diseases has also stimulated this market.
According to estimates, healthcare providers prefer pre-integrated portals for patients. Integrated portals eliminate the need to develop a separate customized system to bridge the gap between physician needs and patient information.
On the other hand, autonomous patient portals are expected to experience the fastest growth over the projection period of 2019 to 2026. From an efficiency perspective, stand-alone patient portals offer more functionality because they are designed with a user-friendly and faster mobile interface.
Patient Portal Market Value
Medical app developers are now concentrating on cloud-based patient portals because of their large storage capacity. These cloud-based portals are accessible from any corner of the world with Internet connectivity; all information stored on sector servers can be evaluated anytime. This minimizes maintenance costs for the end-user. This type of patient portals offers better integration and inexpensive installation to add new physicians, patients, and location information.
Industry News
- With a fast-paced lifestyle, it has become possible to access medical information at your fingertips for patients and their affected physicians. Patients can now take advice and order prescriptions while virtually collecting their medical data. Thus, this modern medical technology has enabled end users to have power over their recovery journey and be safe with all their healthcare details.
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