Patient Portal Market Soaring at 18.1% CAGR to 2020 Propelled by Increasing EHR Adoption Globally

Mar 17, 2016, 12:45 ET from ReportsnReports

PUNE, India, March 17, 2016 /PRNewswire/ --

Factors driving the patient portal market growth globally include federal mandates, the growing focus on a patient-centric approach in healthcare delivery, increasing EHR adoption, and growing popularity of patient portals among the aging population.

Complete report on global patient portal market spread across 161 pages, profiling 10 companies and supported with 80 tables and 32 figures is now available at http://www.reportsnreports.com/reports/510740-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.html  

Patient portals are an important form of patient engagement solutions that are gaining popularity across the globe. The use of health information technologies and online resources in healthcare boosts care quality by improving care access, efficiency, chronic disease management, and patient & family involvement. Portals, when integrated with EHRs (electronic health records), can offer various features that enhance patient-provider communication and involve patients in their own care. The benefits of patient portals have fueled their adoption globally. 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%.

On the other hand, data security & privacy concerns, high cost of deployment of patient portal solutions, and requirement of infrastructural investments to support patient portals are expected to restrain the growth of the market to a certain extent. Cloud-based patient portal solutions pose a significant growth opportunity for players in the market. In addition to this, the lack of health literacy is a major challenge for the market.

Integrated patient portals are expected to account for the major share of the global patient portal market, by type. Integrated portals allow a user to complete multiple business functions from within the same interface and are provided by the same vendor as an EHR system. As they provide a one-stop solution, they are cheaper, favored, and therefore high in demand.

In 2015, North America is expected to account for the largest share of the global patient portal market, followed by Europe, Asia-Pacific, and the Rest of the World (RoW).North America's large share can be attributed to federal mandates in the U.S., the increasing aging population and number of ACOs in the U.S., and Canada's digital health measures and efforts to enhance healthcare delivery.

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.) are some of the key players in the patient portal market worldwide. Order a copy of 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 research report at http://www.reportsnreports.com/purchase.aspx?name=510740  

The major players in the market are focusing on strategies like product deployments, agreements/alliances/collaborations/partnerships, new product launches and product enhancements, acquisitions/mergers, expansions, and other strategies (divestment, funding and product integration) to establish a strong foothold in the global market.

On a related note, another research on Patient Monitoring Device/Equipment/System Market Global Forecast to 2020 says attributed to the rising prevalence of neuro-degenerative diseases, the patient monitoring market in the neuro monitoring segment will be the fastest growing segment in the next five years. The patient monitoring devices market is expected to grow at a CAGR of 5.6% to reach USD 24,762 million by 2020. From an insight perspective, this research report focuses on qualitative data, market size, and growth of various segments and sub segments, competitive landscape, and company profiles. Companies like Abbott Laboratories, Roche Diagnostics, Siemens Healthcare, Ge Healthcare, Medtronic PLC, Philips Healthcare, Lifewatch AG, Nihon Kohden Corporation, Omron Corporation and Honeywell International, Inc. have been profiled in this 204 pages research report available at http://www.reportsnreports.com/reports/281813-patient-monitoring-device-equipment-system-market-by-product-blood-glucose-eeg-ecg-capnography-spirometer-sleep-apnea-pulse-oximeter-fetal-doppler-multiparameter-remote-weight-temperature-end-user-hospitals-home-global-forecast-to-2018.html  

Explore more reports on Healthcare market at http://www.reportsnreports.com/market-research/healthcare/  

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