What Has Been The Evolution of the Patient Portal Market in Recent Years?
The patient portal market has seen considerable growth due to a variety of factors.
• The size of the patient portal market has seen quick expansion in the recent past. It is predicted to increase from $5.37 billion in 2024 to $6.43 billion in 2025, marking a compound annual growth rate (CAGR) of 19.7%.
Factors contributing to this growth during the historical time period include increased patient involvement and preference for self-managed healthcare, regulatory initiatives encouraging the use of electronic health records (EHRs), a heightened emphasis on healthcare interoperability and data exchange, enhanced internet access and mobile device usage, an aging population, and an escalating chronic disease load.
What Is the Forecasted Market Size and Growth Rate for The Patient Portal Market?
The patient portal market is expected to maintain its strong growth trajectory in upcoming years.
• A significant rise is projected for the patient portal market in the coming years, with an anticipated worth of $13.61 billion by 2029, reflecting a compound annual growth rate (CAGR) of 20.6%.
This predicted upturn over the forecast period is linked to several factors, such as the implementation of AI and chatbots for interacting with patients, the proliferation of telehealth services, continued endorsement and incentives from regulatory bodies, increasing focus on value-based care, and incorporation of blockchain for data security. The forthcoming period is likely to witness trends like customised healthcare experiences, the combination of wearables and IoT with patient portals, the utilization of predictive analytics for disease prevention, market consolidation, and greater emphasis on patient education and wellness in the patient portal industry.
What Are The Core Factors Supporting Growth In The Patient Portal Market?
The rising need for electronic health records is anticipated to fuel the expansion of the patient portal market. The term electronic health record denotes a systematic gathering of patients' real-time data in digital form by doctors or medical facilities, with the information instantly and securely accessible to authorised users. Electronic health record-based patient portals offer a platform for patients to view their health data, including results of diagnostic tests. For example, in September 2023, data from the Office of the National Coordinator for Health Information Technology, a US federal agency, showed an annual growth in the use of patient APIs for data sharing in hospitals. Every type of hospital and health IT witnessed an increase of 12 percentage points in the application of FHIR APIs for providing patient data through apps from 2021 to 2022. Therefore, the surging demand for electronic health records is advancing the expansion of the patient portal market.
What Are The Major Segments Within The Global Patient Portal Market?
The patient portal market covered in this report is segmented –
1) By Type: Standalone Patient Portals, Integrated Patient Portals
2) By Deployment Mode: On-Premise, Cloud-Based
3) By End-Users: Providers, Payers, Pharmacies, Other End-Users (Employer Groups and Government Bodies)
Subsegments:
1) By Standalone Patient Portals: Web-Based Portals, Mobile Application Portals, Desktop Application Portals
2) By Integrated Patient Portals: Electronic Health Record (EHR) Integrated Portals, Health Information Exchange (HIE) Integrated Portals, Practice Management System (PMS) Integrated Portals
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Which Trends Are Expected To Transform The Patient Portal Market?
A primary trend emerging in the patient portal market is product innovation. Major corporations within this sector are concentrating on producing innovative product solutions to bolster their standing. Take for example, in September 2024, the medical technology company based in the US, Theragen, introduced the ActaStim Patient Insights Portal. This particular portal empowers healthcare professionals to supervise the spinal fusion recovery process of their patients from afar, by observing crucial patterns like therapy administration, pain intensity, and daily routines. It promotes better patient care by offering insights in real-time, triggering well-timed interventions, and supporting significant engagement between patients and the members of their healthcare crew.
Who Are the Key Players in the Patient Portal Market?
Major companies operating in the patient portal market include:
• Allscripts Healthcare Solutions Inc.
• McKesson Corporation
• athenahealth Inc.
• Cerner Corporation
• eClinicalWorks
• CureMD Healthcare
• NextGen Healthcare Information Systems LLC
• Greenway Health LLC
• Medfusion Inc.
• Epic Systems Corporation Inc.
• GE HealthCare Technologies Inc.
• InteliChart
• QSI Management LLC
• Optum Inc.
• ZH Healthcare Inc.
• Oracle Corporation
• Advanced Data Systems Corporation
• Nextech Systems LLC
• AdvancedMD Inc.
• Kareo Inc.
• CareCloud Corporation
• eMDs Inc.
• Meditech
• Medhost Inc.
• Napier Healthcare Solutions Pte. Ltd.
• RelayHealth Corp.
• Kryptiq Corporation
• Nuesoft Technologies Inc.
• Zocdoc Inc.
• Medseek GmbH
What Is The Most Dominant Region In The Patient Portal Market?
North America was the largest region in the patient portal market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the patient portal market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
