Market Overview:
The Global Patient Portal Market was valued at USD 1.40 billion in 2016 and is projected to reach USD 6.11 billion by 2025, growing at a CAGR of 17.8% from 2017 to 2025.
Patient Portals are healthcare-related online applications that allow patients to interact and communicate with their healthcare providers, such as physicians and hospitals. Some patient portal applications exist as stand-alone web sites and sell their services to healthcare providers. Other portal applications are integrated into the existing web site of a healthcare provider. Still others are modules added onto an existing electronic medical record EMR system.
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Market Dynamics:
1. Market Drivers
1.1 Regulation for implementation of Patient Portals amongst competitors
1.2 Increasing Internet usage
1.3 More usage of Patient portals amongst older age groups
1.4 Patient friendly techniques and user-friendliness
1.5 Growing usage of HER solutions
2. Market Restraints
2.1 Data breach risks
2.2 Higher investments in the initial infrastructural development
2.3 High initial costs
Market Segmentation:
The Patient Portal Marketis segmented on the basis of:
1. Global Patient Portal Market, by Type:
1.1 Integrated
1.2 Standalone
2. Global Patient Portal Market, by End User:
2.1 Provider
2.2 Payers
2.3 Pharmacies
2.4 Others
3. Global Patient Portal Market, by Delivery Model:
3.1 Web Based
3.2 Cloud Based
- Global Patient Portal Market, by Region:
4.1 North America U.S., Canada, Mexico
4.2 Europe Germany, UK, France, Rest of Europe
4.3 Asia Pacific China, India, Japan, Rest of Asia Pacific
4.4 Latin America Brazil, Argentina, Rest of Latin America
4.5 Middle East & Africa
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Competitive Landscape:
The major players in the market are as follows:
1. Allscripts Healthcare Solutions, Inc.
2. Mckesson Corporation
3. Athenahealth
4. Cerner Corporation
5. Eclinicalworks
6. Curemd
7. Nextgen Healthcare Information Systems,LLC Subsidiary of Quality Systems, Inc.
8. Greenway Health,LLC
9. Medfusion, Inc.
10. Epic Corporation, Inc
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF Planet Market Reports:
Research study on The Patient Portal Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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