The healthcare providers which offer Patient Portals are also HIPPA (Health Insurance Portability and Accountability Act) compliant which was issued by the U.S. Department of Health and Human Services (HHS). According to this act, an individual’s health information is properly protected and at the same time, an adequate flow of health information is provided to health providers to protect the public’s health and well-being. Hence, it strikes a balance between providing information to providers and maintaining the privacy of patients which is an added advantage to the patient portals market.
The article cited AMA's "Global Patient Portal Market Study" explored CAGR of 17.95%. According to the report, Innovation and Development in Patient Portal is one of the primary growth factors for the market. Encouragement Towards Adoption of Patient Portal Solutions
is also expected to contribute significantly to the Patient Portal market. Overall, Providers
applications of Patient Portal, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Patient Portal market identified that the demand is rising in many different parts of the world as "Cloud Based Patient Portal Solutions". Furthermore, some recent industry insights like "Habersham Medical Center headquartered in the U.S. announced the launch of a patient portal. This launch envisioned providing patients with their medical records at any place, irrespective of the time; therefore, making access to the data more convenient for them as well as the providers. The companies also assured the patients of the information being safe, secure, and personalized." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Patient Portal market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Patient Portal market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Patient Portal market size is calculated using market estimation process, the Patient Portal market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Patient Portal market size has been validated using both top-down and bottom-up approaches.