Brooklyn, New York, USA, 2021-Apr-27 — /Meridian Market Consultants/ — An overview of conceptual frameworks, analytical approaches of the Patient Portal Software Market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The patient portal software market is expected to grow at a significant rate in the near future.
The global Patient Portal Software Market in 2020 is estimated for more than US$ 2.4 Bn and expected to reach a value of US$ 8.6 Bn by 2028 with a significant CAGR of 17.3%.
The patient portals include the potential to improve the engagement of patients and along with their health outcomes that have been discussed since the past decade. In the U.S., despite external incentives, the undergrowth in the patient portal adoption rates among patients and providers shows that this can be a complex issue. The evidence of patient portal use and their effects along with the keen focus on the pulmonary domain has shown a paucity of studies of patient portal use in such practices and embossed the gaps in future research.
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Patient Portal Software Market Dynamics
The enormous increase in the number of smartphone users and the increase in penetration of the internet has positively supported the quick increase in the adoption of patient portal software used in numerous American hospitals. The software offers the patient’s to conveniently look at their credentials 24 hours with access to the internet in the locality.
According to a Medscape survey, in 2014, around 80 percent of the physicians now use electronic health records systems to keep an eye on the number of patients and their activities that further had made the follow-ups more convenient to the doctors. Besides the operational efficiency of the HER, most EHR vendors also offer patient portals, which simultaneously help the patients in maintaining their schedule and keeps up the regular awareness.
However, according to TechnologyAdvice, around 40 percent of the patients were not sure of their primary care in place, which further suggested that most of the physicians have not adopted a patient portal.
Technological advancement and increasing expenditure in the healthcare industry are also some of the major factors, which are expected to increase the demand for patient portable software globally. The implementation of patient portal software by the various organizations may enhance the communication between the patients and the service provider and improve physician and patients follow-ups.
Also, a significant increase in demand for electronic health records across medical organizations i.e. both private and public is expected to support the increase in the demand for patient portal platforms for efficient and seamless productivity.
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Patient Portal Software Market Key Players
The patient portal software market is mainly dominated by:
Allscripts Healthcare Solutions, Inc.
Mckesson Corporation
Athenahealth
Cerner Corporation
Eclinicalworks
Curemd
Nextgen Healthcare Information Systems, LLC (Subsidiary of Quality Systems, Inc.)
Greenway Health, LLC
Medfusion, Inc.
Epic Corporation, Inc.
Allscripts Healthcare Solutions, Inc. is the leading player in the global patient portal software market with more than XX% share followed by McKesson Corporation.
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Patient Portal Software Market Segmentation
The global patient portal software market is segmented on the basis of type, deployment type, application, and region
On the basis of type, the global patient portal software market can be segmented into software and services. The service segment can be further broken down into consulting, integration, managed, and maintenance and support services. On the basis of deployment type, the global patient portal software market can be segmented into on-premise and cloud-based. On the basis of application, the global patient portal software market can be segmented into home care, healthcare providers, hospitals, payers, and others.
The global patient portal software market is expected to increase at a significant CAGR over the forecast period owing to the increasing internet penetration, increasing Smartphone users, and demand for better tracking system and up to date information available to the physician.
Patient Portal Software Market Regional Segmentation
On the basis of region, the global patient portal software market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America patient portal software market is expected to be the most dominating market throughout the forecast period. Availability of key players and increasing healthcare expenditure in the region are some of the revenue-boosting factors.
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