A research study titled, Patient Portal Market by Product, Deployment mode
and End User - Global Industry Analysis and Forecast to 2025” published by
Crystal Market Research, states that the patient portal market is projected to
be around $6 billion by 2025.
A
patient portal is a secure website that gives convenient online access to
personal health information to the patients which can be accessed from anywhere
through an internet connection. Some of the common functionalities provided by
patient portals include, scheduling doctor’s appointments, accessing health
records, ordering prescription refills, viewing lab results and sending secure
email messages to healthcare providers and viewing health educational material.
With the implementation of patient portals, healthcare institutions can improve
patient–provider communication thus facilitating effective healthcare delivery.
Patient portals can significantly increase operational efficiency for
healthcare providers and at the same time reduce healthcare costs for patients.
With fewer office visits and phone calls per patient, the quality of care can
be considerably improved by the adoption of patient portals.
A
patient portal provides a single and customizable point of access to the
patients for different applications and information which results in tremendous
value for them. Moreover, a patient portal can significantly accelerate the
timeliness of collection of forms and other information that the providers may
need from their patients. Such forms for instance, medical history related
forms can be customized in certain cases to request additional information from
the patients which may be of critical importance for the providers. Integrating
patient portals with other systems such as practice management system (PMS) and
electronic health record (EHR) systems can largely facilitate aggregation and
interpretation of large volumes of patient related data which can in turn
assist in improving the quality of healthcare delivered to the patients.
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Some
of the key factors driving the global patient portal market are, increasing
adoption of technologically advanced systems such as EHRs by the healthcare
fraternity, favorable government initiatives for implementing healthcare IT
solutions and increasing awareness related to convenience offered by patient
portals among the patient community. However, factors such as data security and
privacy issues and high cost of implementing and deploying sophisticated
patient portal systems can restrain the growth of patient portal market during
the forecast period.
In
2016, integrated patient portals segment held the major share of the global
patient portal market as they function as an extension to an existing system
such as an EMR or an EHR. As they offer a convenient medium to converge data
from multiple systems, the segment is expected to show favorable growth during
the forecast period. With respect to the deployment mode, web-based deployment
segment dominated the patient portal market in 2016 whereas; cloud-based
deployment segment is anticipated to grow at the fastest rate during the
forecast period. With respect to end users, providers segment held a major
share of the patient portal market in 2016 owing to large scale adoption of
patient portal applications by healthcare providers for managing patient engagements
and communications.
Some
of the key players operating in the global patient portal market are,
Intelichart, Epic Systems Corporation, CureMD Healthcare, NextGen Healthcare
Information Systems, LLC (a part of Quality systems, Inc.), , General Electric
Company, Medfusion Inc., Allscripts Healthcare, LLC, eClinicalWorks, LLC,
McKesson Corporation, Greenway Health, LLC, Cerner Corporation and
athenahealth, Inc.
Browse full research report with TOC on
“Patient Portal Market by Product, Deployment Mode and End User - Global
Industry Analysis and Forecast to 2025” at:
Key Findings of the Research Study:
- Integrated patient portal segment held a major share
of the global patient portal market in 2016 owing to the convenience of
integrating patient portals with other systems such as EHRs for enhanced
access to patients’ health related data.
- Web-based deployment segment held a dominant
share of the patient portal market in 2016 whereas cloud-based deployment
segment is expected to grow with double-digit CAGR throughout the forecast
period due to their affordability and efficiency of data access.
- Providers segment dominated the end user market for
patient portals in 2016 due to large scale adoption of patient portal
systems by healthcare providers in order to enhance patient-provider
communication and gain higher operational efficiency.
- North America dominated the global patient portal
market by securing a major market share in 2016 whereas, Europe patient
portal market is projected to grow with highest CAGR during the forecast
period owing to increasing demand for advanced healthcare delivery mechanisms.
About Crystal Market Research
Crystal
Market Research is a U.S. based market research and business intelligence
company. Crystal offers one stop solution for market research, business
intelligence, and consulting services to help clients make more informed
decisions. It provides both syndicated as well as customized research studies
for its customers spread across the globe. The company offers market
intelligence reports across a broad range of industries including healthcare,
chemicals & materials, technology, automotive, and energy.
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