5th December 2019 – Global Patients
Portal Market is anticipated to reach USD 5.2 billion by 2024. A
patient portal implies an online website that helps in maintaining all data of
patients. Medical practitioners, patients, and pharmacists have access to this
portal at any place and time. The factors that propel the growth of the market
include surge in demand owing to ease in usage, developments in technology;
which benefits the key market players in advancement their offerings, positive
government funding procedures, and increasing demand for electronic health
record (EHR).
On the other hand, there are factors
that may hamper the growth of the market including Data security and privacy
concerns and high cost of deployment and implementation. Patients Portal Market
is anticipated to grow at a significant CAGR of 17.94% in the upcoming period
as the scope, product types, and its applications are increasing across the
globe.
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Patients Portal industry may be explored
by type, delivery mode, end users, and geography. The market may be explored by
type as Integrated Patient Portals, and Standalone Patient Portals. The
“Integrated Patient Portals” segment led the Patients Portal Market in 2015 and
is anticipated to maintain its dominance by 2024 owing to they offer a one-stop
solution, and favored, cheaper, and hence high in demand. The market may be analyzed
by delivery mode as Cloud-Based Delivery, and Web-Based Delivery. The
“Web-Based Delivery” segment led the Patients Portal industry in 2015 and is
anticipated to maintain its dominance by 2024.
The market could be explored based on
end users as Pharmacies, Providers, Payers and Others may include Government
Bodies, and Employer Groups. The “Providers” segment led the Patients Portal
industry in 2015 and is anticipated to maintain its dominance by 2024 owing to
governments’ initiatives to upgrade the care delivered to patients and curtail
the soaring cost of healthcare among providers, increasing mandates for
motivation programs for providers, and the rising necessity to improve the
accessibility and affordability of healthcare facilities.
North America accounted for the major
share of the Patients Portal Market Size in 2016 and will continue to lead in
the forecast period. The factors that could be attributed to the growth
includes centralized orders in the U.S., increasing number of responsible care
administrations in the U.S., increasing aged populace in the U.S., and digital
health procedures in Canada. North America is followed by the Europe and
Asia-Pacific region.
Some of the key players that fuel the
growth of the Patients Portal industry comprise Cerner Corporation, Allscripts
Healthcare Solutions, Epic System Corporation company, GE Healthcare, Med
fusion, CureMD, and McKesson Corporation. The leading companies are taking up
partnerships, mergers and acquisitions, and joint ventures in order to boost
the inorganic growth of the industry.
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