Patient Portal Market - Huge Growth Opportunity in USA and Europe

The report “Patient Portal Market - by Type (Standalone, and Integrated portal), by Delivery Mode (Web-Based, and Cloud- Based), & by End Users (Providers, Payers, Pharmacies, and Others) - Analysis & Global Forecast to 2020”, this market is expected to reach USD 2.74 Billion by 2020 from USD 1.19 Billion in 2015, at a CAGR of 18.1%.

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Industry Insights:

Industry growth is driven by the Government mandates, growing consumerism, rising EHR usage, and the growing popularity of patient portals among the elderly are some factors expected to drive the growth of the market.

However, the requirement of infrastructural investments to support patient portals, coupled with other factors like data security & privacy concerns, and the high cost of deployment of patient portal solutions are expected to restrain the growth of the market to a certain extent. In addition to this, the lack of health literacy poses a major challenge for market growth.

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Geographical Scenario:

Based on geography, the Patient Portal Market is divided into North America, Europe, Asia-Pacific, and the Rest of the World. In 2015, North America is poised to account for the largest share of the patient portal market, followed by Europe and Asia-Pacific.

However, the European region is slated to grow at the highest CAGR during the forecast period. The large share of the North American patient portal market can primarily be attributed to the federal mandates in the U.S., rising number of accountable care organizations in the U.S., rising aging population in the U.S., Canada’s efforts to enhance healthcare delivery, and digital health measures in Canada.

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Industry Leaders:

The prominent players in the Patient Portal Market market are Allscripts Healthcare Solutions, Inc. (U.S.), McKesson Corporation (U.S.), athenahealth, Inc. (U.S.), Cerner Corporation (U.S.), eClinicalWorks (U.S.), CureMD (U.S.), NextGen Healthcare Information Systems, LLC (U.S.), Greenway Health, LLC (U.S.), Medfusion (U.S.), Epic Corporation Inc. (U.S.), GE Healthcare (U.K.), and Intelichart (U.S.).

Market Stakeholders:
• Healthcare Institutions/Providers (Hospitals, Medical Groups, Physician Practices, Diagnostic Centers, Pharmacies, Ambulatory Centers and Outpatient Clinics)
• Healthcare Insurance Companies/Payers
• Healthcare IT Service Providers
• Venture Capitalists
• Government Bodies
• Corporate Entities
• Accountable Care Organizations

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