PUBLISHER: Allied Market Research | PRODUCT CODE: 1566854
PUBLISHER: Allied Market Research | PRODUCT CODE: 1566854
Patient Portal Market Expected to Garner $19.3 Billion by 2033, Growing at a CAGR of 19.2%
Abstract: The global patient portal market is expected to grow primarily due to the rising demand for patient-centred healthcare and the integration of wearable technologies. The North America region is predicted to witness profitable growth by 2033.
As per the report published by Research Dive, the global patient portal market was valued at $3.4 billion in 2023 and is expected to register a revenue of $19.3 billion by 2033 at a CAGR of 19.2% during the forecast period 2024-2033.
Dynamics of the Market
The rising demand for patient-centred healthcare, growing need for remote access to health records, and the increasing awareness related to personal health management are expected to make the patient portal market a highly profitable one in the forecast period. Besides, the growing demand for mobile-friendly healthcare solutions is predicted to further boost the market growth.
However, according to market analysts, the complex interfaces & usability issues and high costs associated with maintenance might restrain the growth of the market.
Advancements of data analytics & artificial intelligence and the integration of wearable health technologies present significant opportunities for patient portal market growth. Moreover, the increasing government initiatives promoting digital health solutions will help the market growth in the coming years.
Key Players of the Market
The major players of the patient portal market include Allscripts Healthcare Solutions, athenahealth, Inc., NextGen Healthcare Information Systems, Greenway Health, LLC, Medfusion Inc., Cerner Corporation, Epic System Corporation, McKesson Corporation, and GE Healthcare.
What the Report Covers
In addition to the details highlighted in this description, the comprehensive final report delves into essential market aspects. These encompass a market overview, SWOT analysis, market dynamics, Porter's five forces analysis, segmentation (key trends, regional analysis, and forecast analysis), and company profiles (including company overview, product portfolio, operating segments, strategic initiatives, and financial performance).
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