The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s patient portal market report forecasts the patient portal market size to grow to $8.78 Billion by 2027, with a CAGR (compound annual growth rate) of more than 19%.

Learn More On The Patient Portal Market Report 2023 – https://www.thebusinessresearchcompany.com/report/patient-portal-global-market-report

Patient Portal Market Size Forecast
The global patient portal market is expected to grow from $3.63 billion in 2022 to $4.34 billion in 2023 at a compound annual growth rate (CAGR) of 19.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The patient portal market size is expected to grow to $8.78 billion in 2027 at a CAGR of 19.3%.

North America held the largest patient portal market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Patient Portal Market Driver ­– Increase In Demand For Electronic Health Records
For instance, in 2021, according to National Coordinator for Health Information Technology (ONC), an entity within the U.S Department of Health and Human Services (HHS) data, approximately 86% of non-Federal general acute care hospitals’ physicians have adopted electronic health records to treat patients. Therefore, the increasing demand for electronic health records is driving the growth of the patient portal market.

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Key Patient Portal Market Trend – Product Innovation
Major companies operating in the patient portal sector are focused on developing new product innovation solutions to strengthen their position. For instance, in 2021, McKesson, a US-based healthcare company that provides patient portals, launched ScriptPASTM, a pharmacy management solution for oncology practises powered by Biologics by McKesson specialty pharmacy. ScriptPASTM is a fee-for-service offering designed to help Medically Integrated Dispensing (MID)-equipped practises provide quicker access to care by reducing barriers that delay treatment. This has been accomplished by providing support with benefits investigation, prior authorization, and financial assistance.

Patient Portal Market Segment
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)

Patient Portal Market Major Players and Strategies
Major players in the patient portal market are 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., General Electric (GE) Co. (GE Healthcare), InteliChart, QSI Management LLC, Optum Inc., and ZH Healthcare Inc.

In November 2021, Virgin Plus, a Canada-based software and services company operating in healthcare, such as patient portals, acquired Welltok, Inc., for an undisclosed amount. Through this acquisition, Virgin Plus aims to enhance its patient portal platform by integrating Welltok’s personalization and analytics capabilities into home-based health care. Welltok, Inc., is a US-based company operating in designing and developing patient platforms.

The Patient Portal Global Market Report 2023 covers regional data on patient portal market size, patient portal market trends and drivers, opportunities, strategies, and patient portal market competitor analysis. The countries covered in the patient portal market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Patient portal is an online website service opted for by hospitals that gives patients easy access to health information such as recent doctor visits, prescription refills, medications, discharge summaries, and others. It is used to provide 24/7 access about the healthcare data to the patients.

View More Reports Related To The Patient Portal Market –
Patient Blood Management Global Market Report 2023
Patient Handling Equipment Global Market Report 2023
Internet Search Portal Global Market Report 2023

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