Patient Portal Market Scope
Patient Portal is an online website which gives patients convenient 24 access to health information. It is connected with electronic health record system or access points, which is focused on patient’s access to health record and share health information and communicate remotely. It allows patient to look into various data points, including physician notes, lab results, their health histories and immunizations discharge reviews.
According to AMA, the Global Patient Portal market is expected to see growth rate of 17.95% and may see market size of USD6.25 Billion by 2026.
The Players having a strong hold in the market are GE Healthcare, Allscripts Healthcare Solutions, Inc., McKesson Corporation. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Patient Portal market throughout the predicted period.
GE Healthcare (United Kingdom), Allscripts Healthcare Solutions, Inc. (United States), McKesson Corporation (United States), athenahealth, Inc. (United States), Cerner Corporation (United States), eClinicalWorks (United States), CureMD (United States) and NextGen Healthcare Information Systems, LLC (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Greenway Health, LLC (United States), Medfusion (United States), Epic Corporation Inc. (United States) and Intelichart (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Patient Portal market by Type (Standalone Patient Portals and Integrated Patient Portals), by Application (Providers, Payers, Pharmacies and Others) and Region with country level break-up.
On the basis of geography, the market of Patient Portal has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In May 2018, EHR vendor Allscripts has acquired HealthGrid, a provider of enterprise patient engagement solutions that help connect patients with their providers.
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.
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.
Market Trend
- Innovation and Development in Patient Portal
Market Drivers
- Encouragement Towards Adoption of Patient Portal Solutions
- Growing Usage of EHR Solutions
- Growing Popularity of Patient Portal Among the Elderly Population
Opportunities
- Cloud Based Patient Portal Solutions
Restraints
- Data Privacy & Security Concerns
- High Deployment Cost
Challenges
Key Target Audience
Healthcare Insurance Companies/Payers, Healthcare IT Service Providers, Venture Capitalists, Corporate Entities and Accountable Care Organizations