Patient Portal Market Worth $7.0 Billion By 2026 | CAGR: 17.6%

Patient Portal Market Growth & Trends

The global patient portal market size is expected to reach USD 7.0 billion by 2026, according to a new report by Grand View Research, Inc. expanding at a CAGR of 17.6% over the forecast period. The demand for Electronic Health Record (EHR) with a patient portal is expected to exhibit an upsurge over the forecast period, owing to the increasing demand, favorable government funding policies, and the continual technological advancements offered by the key industrial players.

Patient portal technology has emerged due to introduction of the HITECH 2009 Act. It has become crucial for healthcare providers to understand patient perspectives in terms of health data. Patient portal solutions offer convenient usage and better care management. In May 2016, CureMD signed a pledge of Voluntary National Interoperability. This pledge stated that action plans to develop and implement rapid flow in healthcare information between providers, patients, and other concerned authorities are to be implemented.

ICON, a global drug development and service provider, launched its online “Firecrest Patient Portal” in 2015. This patient portal is specifically designed for individual patients to understand their entire treatment process before consulting the provider and view information regarding clinical trials. The portal offers services such as online appointment registration, laboratory tests and reports, and other necessary facilities.

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Patient Portal Market Report

Patient Portal Market Report Highlights

• Integrated patient portal segment was identified as the most lucrative segment in 2018 owing to the rapid shift of providers from their previous methods to the EHRs
• Web-based patient portals dominated the market in 2018 in terms of market share due to improved efficiency, affordability, and convenient user interface
• Cloud-based portals, on the other hand, are anticipated to witness the fastest growth rate in the coming years
• Healthcare providers held a majority of the end use segment in the patient portal market in 2018. In addition, providers are expected to be the fastest growing segment over the forecast period from 2019 to 2026.
• North America dominated the overall market in 2018 due to the technological advancements and implementation of healthcare IT in the region. Asia Pacific is expected to be the fastest growing segment over the forecast period.
• Some of the key players in this market are GE Healthcare, Allscripts Healthcare Solutions, McKesson Corporation, and Cerner Corporation. Developers are collaborating and expanding with the aim of combining the use of innovation and technology to improve efficiency and provide better services for the convenience of the providers.