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Key Indusrty Trends and Driving Factors :
The market is majorly driven by factors such as increasing adoption of electronic health record (EHR) systems by healthcare professionals, recent advancements in healthcare IT, favorable government initiatives for adoption of healthcare IT solutions and rising awareness about convenient online access to personal health information.
Using patient portals, patients can easily schedule doctor’s appointments, review recent doctor visits, gain access to lab results and medications and perform other activities through an internet connection without having to travel physically to any of these locations.
However, factors such as high cost of deploying patient portal solutions and issues related to data privacy can hinder the growth of patient portal market during the forecast period.
Deployment Mode Outlook and Trend Analysis :
Web-based deployment segment held a major share of the patient portal market in 2016. However, cloud-based deployment segment is projected to grow at a highest rate due to the affordability and improved efficiency of data access.
As cloud based patient portals do not require costly infrastructure to be maintained at the user’s site, medium and small scale healthcare providers can largely benefit from these systems.
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Regional Outlook Trend Analysis :
North America accounted for largest share of the global patient portal market in 2016 owing to the availability of advanced healthcare IT infrastructure, rapid adoption of patient portal systems by the healthcare sector and favorable government initiatives for adoption of healthcare IT systems to improve the efficiency and quality of healthcare in the region.
Europe patient portal market is expected to grow with the highest CAGR during the forecast period due to increasing demand for advanced healthcare delivery systems along with rising awareness related to the convenience of patient portals.
Competitive Analysis :
The major players in the global patient portal market focus on product development in order to introduce new-age IT solutions for healthcare delivery and thus secure a larger share of the global market.
Some of the key players operating in the global patient portal market are, Allscripts Healthcare, LLC, athenahealth, Inc., McKesson Corporation, eClinicalWorks, LLC, Cerner Corporation, Greenway Health, LLC, NextGen Healthcare Information Systems, LLC (a part of Quality systems, Inc.), CureMD Healthcare, General Electric Company, Medfusion Inc., Epic Systems Corporation and Intelichart.
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.
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