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A patient portal is a digital platform that helps in many applications like disease diagnosis, treatment of the patient, and in storing all their related information. This software can also be used for purposes like medical billing, accessing updated records, viewing clinical summary in the form of charts or reports, check-in, appointments, and so on.
The patient portal market is also driven by the rising need for a convenient way for patient-doctor interaction and a systematic workflow in healthcare. Advancement in technology, increasing awareness among people, increasing usage of HER, and government initiatives are the other key drivers of the market. Additionally increasing drug spending is alternatively engaging the consumers in the usage of the patient portal systems for ordering and maintaining regularities.
Apart from that, the increasing prevalence of diseases, aging of peoples, and less availability of Healthcare professionals is also augmenting the demand and adoption of a patient portal system to experience a more convenient way to handle patient data.
COVID-19 has positively impacted the Patient portal market. Visits to hospitals, diagnostic centers, and specialty clinics got decreased because of the strict lockdown and fear of getting infected with COVID-19. In such dire need of healthcare professionals or services, the demand for available software or remote medical care has increased abruptly and supports the growth of the market.
Additionally, COVID-19 has enabled the key players to offer an advance patient portal system that can assist even in hard times.
The report will include the profiles of key players such as Napier Healthcare Solutions Pte. Ltd., Allscripts Healthcare, LLC, CureMD Healthcare, Greenway Health, LLC, Epic corporations, Medfusion Inc., General electric company, Intelichart, NXGN Management, LLC.
The patient portal market is divided into standalone and connected patient portals. Connected patient portals have dominated the patient portal market. A connected or integrated portal is used for a broader sense or system. The integrated system usually operates large hospitals, labs, and other healthcare facilities and directly connects to the patient database of a medical facility. This is resulting in segment’s dominance.
A standalone portal works well for smaller healthcare firms like drugstores and local medical offices. It comparatively requires less investment and is anticipated to grow with a moderate CAGR.
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North-America market holds the lion’s share in the patient portal market due to its well-developed economy, and adoption of advanced technology. High awareness and more reliability in digital platforms are some of the factors contributing to the growth of this region in the market.
European countries are also accounting for a significant share of the market due to the adoption of highly advanced technology, less availability of healthcare working professionals, and a high prevalence rate of key diseases. The other countries are also pacing fast in the patient portal market which is going to contribute to the substantial growth of the market.
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