Top Growth Trends in the Patient Portal Market: Key Insights and Opportunities for 2025-2034
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How Does the Projected Growth of the Patient Portal Market Compare Over the Forecast Period?
In recent times, the market for patient portals has seen swift expansion. The market is projected to increase from a $5.37 billion valuation in 2024 to $6.43 billion in 2025, at a compound annual growth rate (CAGR) of 19.7%. This upsurge in growth during the historical period can be linked to an escalating demand for patient participation and autonomous healthcare services, regulatory incentives encouraging the use of electronic health records (EHRs), a heightened emphasis on healthcare interoperability and data sharing, enhanced internet and mobile device accessibility, and the mounting burden of chronic diseases in an aging population.
In the coming years, the market size of the patient portal is predicted to undergo significant expansion, reaching $13.61 billion in 2029, reflecting a compound annual growth rate (CAGR) of 20.6%. This upsurge during the projection period is largely credited to the incorporation of AI and chatbots for patient communication, the broadening of telehealth services, continuing regulatory encouragement and incentives, a growing focus on value-based care, and the use of blockchain for data protection. Noteworthy trends for the forecast period encompass tailor-made healthcare experiences, the merging of wearables and IoT with patient portals, utilising predictive analytics for avoiding diseases, market consolidation in the patient portal sector, and an emphasis on patient tutelage and wellbeing.
What Market Dynamics Are Playing a Key Role in Accelerating the Growth of the patient portal Market?
The growth of the patient portal market is projected to be driven by the surging demand for electronic health records. The electronic health record implies a methodical accumulation of patients’ real-time data in a digital format by doctors or healthcare institutions, with the information being immediately and securely accessible by authorised users. Electronic health record (EHR) patient portals serve as a resource for patients to obtain their health data, including results from diagnostic tests. As exemplified by the data provided by the Office of the National Coordinator for Health Information Technology, a United States-based federal organization, in September 2023, the utilization of patient APIs for data exchange in hospitals has seen a year-over-year expansion. The use of FHIR APIs to give patients access to their own data via applications increased across all types of hospitals and health IT by 12 percentage points from 2021 to 2022. Thus, the escalating demand for electronic health records is fueling the expansion of the patient portal market.
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Who Are the Key Players Steering the Development of the Patient Portal Market?
Major companies operating in the patient portal market include:
• Allscripts Healthcare Solutions Inc._x000D_
• McKesson Corporation_x000D_
• athenahealth Inc._x000D_
• Cerner Corporation_x000D_
• eClinicalWorks_x000D_
How Are Consumer Trends Shaping the Current and Future Landscape of the Patient Portal Market?
The trend of product innovation is becoming increasingly prevalent in the patient portal market. The primary strategy of key companies in this domain involves creating innovative product solutions to reinforce their market standing. Take for example, Theragen, a medical technology company based in the US, introduced the ActaStim Patient Insights Portal in September 2024. This portal equips healthcare practitioners with the tools to monitor the spinal fusion recovery progress of their patients remotely, by observing significant factors including therapy execution, levels of discomfort, and day-to-day activities. This portal augments patient care by offering instantaneous insights, allowing for timely intervention, and encouraging constructive communication between patients and their medical care team.
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What Major Market Segments Define the Scope and Growth of the 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
Which Geographical Regions Are Shaping the Patient Portal Market Growth?
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.
How Do Experts Define the Scope of the Patient Portal Market?
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.
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