PUBLISHER: SkyQuest | PRODUCT CODE: 1463338
PUBLISHER: SkyQuest | PRODUCT CODE: 1463338
Global Patient Portal Market was valued at USD 2.90 billion in 2022 and is poised to grow from USD 3.46 billion in 2023 to USD 14.30 billion by 2031, at a CAGR of 19.4% during the forecast period (2024-2031).
Patient portals are accessible online to the general public and provide health-care support. It serves as a convenient platform for people to contact with medical professionals and request prescription drugs and other services. It makes it easier to keep track of applications, doctor appointments, medication summaries and discharge notes, patient laboratory results, bills, and other things.
Patients, especially the elderly, prefer to have easy access to certain services, such as connecting with healthcare professionals on the go, and this is crucial for the market's growth globally during the forecast period. As a result, the patient portal market is expected to grow quickly due to the ease of communication with doctors and tracking of services like EHR adoption. The World Health Organization (WHO) reports that national EHR systems are in place in more than half of upper middle-class and high-income nations.
Due to fewer hospital visits for medical attention as a result of being impacted if they come into contact with infected people, the pandemic has been beneficial for the patient portal industry. The EHR is very useful in facilitating direct patient-specialist communication, as evidenced by the rise in online appointments, chatbots, and other services.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Patient Portal Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Patient Portal Market Segmental Analysis
The global patient portal market is segmented based on type, mode of delivery, end-user, and region. Based on type, the Patient Portal Market is segmented into standalone patient portal and integrated patient portal. Based on mode of delivery, the market is segmented as cloud-based delivery and web-based delivery. Based on end-user, the Patient Portal Market is segmented as hospitals & clinics, health-care payers, pharmacies and others. Based on region, it is categorized into North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW).
Drivers of the Global Patient Portal Market
During the projected period, higher demand for electronic health records may propel market growth ahead of schedule.
Restraints in the Global Patient Portal Market
many security issues as well as ignorance and lack of awareness in developing nations. The high deployment costs of patient portal solutions impede market expansion. Infrastructure investment is required to support patient portals.
Market Trends of the Global Patient Portal Market
The rapid digitization of the healthcare industry is what is driving the market for patient portals worldwide. The thorough integration of big data analytics, artificial intelligence (AI), and cloud-based solutions with patient portals helps professionals make fast decisions, plan treatments, and diagnose patients.
The global pandemic has increased demand for high-quality healthcare assistance. The paperboard market is expected to earn a bigger amount of revenue throughout the forecast period due to the increased support and funding provided by both public and private departments for the improvement of medical care.