Patient Portal Market Overview:
Patient Portal Market is an important form of patient engagement solution that are gaining popularity across the globe. The use of health information technologies and online resources in healthcare boosts care quality by improving care access, efficiency, chronic disease management, and patient & family involvement. The patient portal market is projected to reach USD 2.74 Billion by 2020 from USD 1.19 Billion in 2015, at a CAGR of 18.1% during the forecast period. The growth of the overall patient portals market can be contributed to the federal mandates like meaning use, growing patient-centric approach in healthcare delivery, increasing EHR adoption rate, and growing popularity of patient portals among the elderly. On the other hand, data security & privacy concerns, high cost of deployment of patient portal solutions, and requirement of infrastructural investments to support patient portals are some of the factors expected to restrain the growth of the market to a certain extent.
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Research Methodology
Top-down and bottom-up approaches were used to validate the size of the global patient portal market and estimate the size of various other dependent submarkets in the overall market Various secondary sources such as directories, industry journals, databases such as Hoover’s, Bloomberg Business, Factiva, and Avention, and annual reports of the companies have been used to identify and collect information useful for the study of this market. Primary sources such as experts from both supply and demand sides have been interviewed to obtain and validate information as well as to assess the dynamics of this market.
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Market Segmentation:
The global patient portal market is segmented on the basis of type, delivery mode, end user, and region.
By type, the patient portal market is categorized into standalone and integrated patient portals. The integrated portals are estimated to account for the largest share of the global patient portal market, by type, in 2015. This large share can be attributed to the fact that most of the integrated portals are provided by the same vendor as an electronic health record (EHR) system. These solutions allow a user to complete multiple business functions from within the same interface. As they provide a one-stop solution, they are cheaper, favored, and therefore high in demand.
On the basis of delivery mode, the market is segmented into web-based and cloud-based modes. In 2015, web-based mode of delivery is expected to command the largest share of the global patient portal market. However, the cloud-based mode of delivery is expected to grow at a higher CAGR due to its advantages—cloud-based services can help healthcare organizations share and integrate information from disparate locations or systems in real time and generate a database registry.
Key Players:
Allscripts Healthcare Solutions, Inc. (U.S.), McKesson Corporation (U.S.), athenahealth, Inc. (U.S.), Cerner Corporation (U.S.), eClinicalWorks (U.S.), CureMD (U.S.), NextGen Healthcare Information Systems, LLC (U.S.), Greenway Health, LLC (U.S.), Medfusion (U.S.), Epic Corporation Inc. (U.S.), GE Healthcare (U.K.), Intelichart (U.S.) are some of the key players in the patient portal market worldwide.
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