Global Patient Portal Market is expected to reach USD 5.32 Billion by 2024 from USD 1.41 Billion in 2016 at CAGR of 18.06% (Detailed analysis of the market CAGR is provided in the report).
Patient Portal is an online portal which medical practitioners, Patients, and pharmacists can use anytime to maintain all the data related to patient history, laboratory test reports, discharge summaries, chronic disease medication, recent doctor visits, chronic diseases, current medications, and vaccines information. Global Patient Portal Market is segmented by type, delivery mode, end user, and geography. Type segment is classified as standalone patient portals and integrated patient portals. Standalone patient portals segment is expected to lead the market in forecast period, owing to cost efficiency provided by standalone patient portals compared to integrated patient portals.
Delivery Mode segment is divided as web-based and cloud-based. Cloud-based segment is expected to register highest growth during forecast period. Improved efficiency, convenience, affordability, and recent technological advancement will fuel the cloud-based segment growth. The market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Rising adoption of a patient-centric approach by healthcare payers & providers are trending the overall Global Patient Portal Market.
However, issues related to data privacy & security concerns will restrain the market growth. North America is expected to dominate the Patient Portal Market in forecast period followed by Europe and APAC. Increase in geriatric population, easy access, growing demand to improve efficiency, affordability, and government initiatives in the region will fuel the Global Patient Portal Market in North America region.
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