The global patient portal market size is expected to reach USD 7.0 billion by 2026, according to a new report by Grand View Research, Inc. expanding at a CAGR of 17.6% over the forecast period. The demand for Electronic Health Record (EHR) with a patient portal is expected to exhibit an upsurge over the forecast period, owing to the increasing demand, favorable government funding policies, and the continual technological advancements offered by the key industrial players.
Patient
portal technology has emerged due to introduction of the HITECH 2009 Act. It
has become crucial for healthcare providers to understand patient perspectives
in terms of health data. Patient portal solutions offer convenient usage and
better care management. In May 2016, CureMD signed a pledge of Voluntary
National Interoperability. This pledge stated that action plans to develop and
implement rapid flow in healthcare information between providers, patients, and
other concerned authorities are to be implemented.
ICON,
a global drug development and service provider, launched its online “Firecrest
Patient Portal” in 2015. This patient portal is specifically designed for
individual patients to understand their entire treatment process before
consulting the provider and view information regarding clinical trials. The
portal offers services such as online appointment registration, laboratory
tests and reports, and other necessary facilities.
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Patient Portal
Market Report Highlights
- Integrated
patient portal segment was identified as the most lucrative segment in
2018 owing to the rapid shift of providers from their previous methods to
the EHRs
- Web-based
patient portals dominated the market in 2018 in terms of market share due
to improved efficiency, affordability, and convenient user interface
- Cloud-based
portals, on the other hand, are anticipated to witness the fastest growth
rate in the coming years
- Healthcare
providers held a majority of the end use segment in the patient portal
market in 2018. In addition, providers are expected to be the fastest
growing segment over the forecast period from 2019 to 2026.
- North America
dominated the overall market in 2018 due to the technological advancements
and implementation of healthcare IT in the region. Asia Pacific is
expected to be the fastest growing segment over the forecast period.
- Some of the
key players in this market are GE Healthcare, Allscripts Healthcare
Solutions, McKesson Corporation, and Cerner Corporation. Developers are
collaborating and expanding with the aim of combining the use of
innovation and technology to improve efficiency and provide better
services for the convenience of the providers.
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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