Patient Portal Market – Global Industry Analysis and Trends (2024-2030)

Patient Portal Market size was valued at US$ 4.56 Bn. in 2023 and the total revenue is expected to grow at 18.7 % through 2024 to 2030, reaching nearly US$ 15.17 Bn.
Patient Portal Market Overview:
A patient portal is a web-based main gateway that is linked to electronic health records (EHR) systems or access points and focuses on patients' access to health records, as well as their ability to share and discuss health information remotely. These enable patients to look at a variety of data points, including as physician notes, lab findings, health histories, and immunisation discharge reports. Patient interaction is becoming increasingly important in the healthcare industry. Through the use of a patient portal, digital technology is quickly strengthening its foothold in healthcare technology. A patient portal helps to improve patient engagement and outcomes.

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Patient Portal Market Dynamics:
The adoption of modern healthcare IT solutions such as EHRs and patient portals have been aided by favorable efforts and policies established by many federal governments throughout the world. For example, in the United States, Medicare and Medicaid launched the EHR Incentive Program for hospitals, providing financial incentives for implementing EHRs in accordance with meaningful-use criteria. This strategy assisted in overcoming significant capital expenses, which had been a key impediment to EHR adoption, particularly among small and independent medical practices. The adoption of electronic health records (EHRs) in healthcare facilities has increased since the implementation of these financial incentives.

The Health Information Technology for Economic and Clinical Health (HITECH) Act of 2009, approved by the government, was a watershed moment in the adoption of electronic health records (EHR) throughout hospitals in the United States. The government has also set aside funds to train health information technology (HIT) personnel and assist hospitals in integrating healthcare IT solutions, such as patient portals. In addition, the government offers financial incentives to physicians who plan to use healthcare IT.

Patients can access their health information and communicate with their doctors using patient portals, which are secure internet services supplied by doctors. Patients participating in inpatient portals increased by 5.5% from October 1 to December 31, 2021, practices allowing patients access to clinical notes increased by 20%, and 267 clinics estimated booking 183,900 appointments online. The National eHealth Portal of Denmark is an example of a well-designed patient portal. Clinical participation is practically comprehensive, with 98% of primary care physicians and all pharmacists having access to a centralized database that patients can use. Through a personal web area, citizens can schedule appointments, refill prescriptions, review medication information and health data, and communicate with healthcare agencies.

However, growing concerns about data security and privacy will slow the market's growth. The market will face additional problems due to a lack of a solid IT infrastructure, particularly in developing and undeveloped economies. In addition, the substantial investment necessary to build the infrastructure will slow the market's development rate.
In the COVID-19 Pandemic, Developing Superior Patient Portals:
Presently, an online patient portal is used by 66% of the country's largest hospitals. As patient expectations for full self-service experiences in all aspects of their lives continue to rise, more and more specialty hospitals are forced to make a choice. Furthermore, the COVID-19 pandemic has shown why patient management software and patient portals are the way of the future. It's a great method to securely communicate health data, give patients access to advanced healthcare tools, and reduce the risk of infection.

Patient portals have been frequently used since their creation, but recent revelations such as COVID-19 are expected to increase demand from both patients and healthcare professionals in the next days and weeks. Patients and healthcare providers can communicate in a secure and socially appropriate way through portals. They're a smart way to do treatment, with real-time push reminders, telehealth features, and more. It's crucial that it's customised to the patient's needs.
Patient Portal Market Segment Analysis:
Based on the Type, the global Patient Portal market is sub-segmented into Standalone Patient Portals and Integrated Patient Portals. The Integrated Patient Portals segment held the largest market share of 65% in 2023. Pre-integrated patient portals are preferred by healthcare providers as the use of electronic health records (EHRs) grows. Integrated portals reduce the need for a separate specialised system to make a connection across physician needs and patient data.

However, the Standalone Patient Portals segment held the largest market share of 13.6%% by 2030. The high data authority, tailored features, and nice user interface, among other things, have helped to propel the company forward. Standalone patient portal solutions typically have more features than integrated patient portals and are more detail-oriented and individualised, which improves the patient experience. Major competitors in the market, including Allscripts Healthcare Solutions, Solutionreach, Athena Health, and McKesson Corporation, are actively developing enhanced patient portal services with substantial functionality.

Based on the End-Users, the global Patient Portal market is sub-segmented into Providers, Payers, Pharmacies and Others. Providers segment held the largest market share of xx% in 2023. Because of favourable government legislation and an increase in the use of patient portal services by healthcare facilities. By 2023, over 86 percent of office-based physicians and medical practitioners had embraced EHR systems, with around 80 percent of them having a CMS approved EHR, according to the HealthIT (US Government). In 2023, office-based physicians accepted EHRs at a rate of more than doubled, from 42 percent to 86 percent. The market is expected to grow as EHR systems become more widely used.
Regional Insights:
North America held the largest market share of xx% in 2023 and it remains its leading position during the forecast period. Because of the region's considerable technical improvements, countries like the United States and Canada have successfully adopted IT technologies in their healthcare systems, which can drive market growth. Furthermore, the market is estimated to increase due to the availability of sophisticated IT and healthcare infrastructure, as well as promising government initiatives to provide patients with access to their patient records at any time and from any location via a patient portal account. Healthcare spending in the United States was projected at USD 2.6 trillion in 2021 and is expected to rise to USD 4.8 trillion by 2021. Healthcare spending in the United States is expected to account for roughly 20% of the overall gross domestic product in 2021. (GDP).

The objective of the report is to present a comprehensive analysis of the global Patient Portal Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also helps in understanding the global Patient Portal Market dynamic, structure by analyzing the market segments and project the global Patient Portal Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Patient Portal Market make the report investor’s guide.
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Patient Portal Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 4.56 Bn.


Forecast Period 2024 to 2030 CAGR:
18.7%
Market Size in 2030:
US $ 15.17 Bn.


 Segments Covered:
by Delivery Mode
Web-Based Delivery
Cloud-Based Delivery


by Type
Standalone Patient Portals
Integrated Patient Portals


by End-Users
Providers
Payers
Pharmacies
Others



Patient Portal Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Key Players
1. Cerner Corporation
2. Allscripts Healthcare, LLC
3. McKESSON CORPORATION
4. Optum, Inc.
5. athenahealth, Inc. (Veritas Capital)
6. Epic Systems Corporation
7. Greenway Health, LLC
8. CureMD Healthcare
9. General Electric Company
10. NEXTGEN HEALTHCARE INFORMATION SYSTEM, LLC
11. QSI Management, LLC.
12. GE Healthcare
13. InteliChart
14. Medfusion, Inc.
15. Eclinicalworks

Frequently Asked Questions:

1] What segments are covered in Patient Portal Market report?
Ans. The segments covered in Patient Portal Market report are based on Type, Delivery Mode and End-Users.

2] Which region is expected to hold the highest share in the global Patient Portal Market?
Ans. North America is expected to hold the highest share in the global Patient Portal Market.

3] What is the market size of global Patient Portal Market by 2030?
Ans. The market size of global Patient Portal Market by 2030 is US $ 15.17 Bn.

4] Who are the top key players in the global Patient Portal Market?
Ans. Cerner Corporation, Allscripts Healthcare, LLC, McKESSON CORPORATION, Optum, Inc., athenahealth, Inc. (Veritas Capital) and Epic Systems Corporation are the top key players in the global Patient Portal Market.

5] What was the market size of global Patient Portal Market in 2023?
Ans. The market size of global Patient Portal Market in 2023 was US $ 4.56 Bn.