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Global Patient Portal Market to Reach US$ 6546.8 Million by 2027, Impelled by Rapid Digitization in Healthcare Sector

Published on Mar 10, 2022

According to the latest report by IMARC Group, titled "Patient Portal Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global patient portal market reached a value of US$ 2905.8 Million in 2021. A patient portal is an online platform that is generally utilized for healthcare assistance. It includes websites and online applications that allow the patients to interact and communicate with healthcare experts. It helps patients make appointments with various health departments and allows easy access to personal health-related information, including laboratory results, discharge summaries and medications. Along with this, it provides accessible medical support to individuals living in geographically extended and remote locations. As a result, its deployment enables quick and better communication and increased patient engagement while streamlining various processes in an efficient manner.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Patient Portal Market Trends:

The global market is primarily driven by rapid digitization across the healthcare sector. Coupled with the rising penetration of high-speed internet connectivity and the increasing adoption of smartphones among the masses, this has further propelled the market growth. In line with this, the rapid outbreak of coronavirus disease (COVID-19) has impelled individuals to adopt online healthcare assistance, which is providing a boost to the market growth. Moreover, continual technological advancements and the widespread integration of the Internet of Things (IoT) and big data analytics with patient portals are creating a positive outlook for the market. Additionally, rising investments by private and public agencies in improving the existing healthcare infrastructure are positively influencing the market growth. Other factors, including the rising geriatric population that is prone to medical ailments, the escalating prevalence of chronic diseases, continuous product innovations, the rising medical expenditure, and the increasing number of diagnostic centers across the globe, are further projected to drive the market growth. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 6546.8 Million by 2027, growing at a CAGR of 14.40% during 2022-2027.

Market Summary:

  • On the basis of the portal, the market has been bifurcated into an integrated patient portal and standalone patient portal.
  • Based on the deployment mode, the market has been segmented into cloud-based and on-premises.
  • On the basis of the end-user, the market has been segregated into hospitals and clinics, pharmacies and others.
  • Based on the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players are Allscripts Healthcare Solutions Inc., Athenahealth Inc., Bridge Patient Portal Inc., Cerner Corporation, Chetu Inc., CureMD Healthcare, Eclinicalworks LLC, General Electric Company, Greenway Health LLC, Intelichart LLC, McKesson Corporation and Nextgen Healthcare Inc.

 

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