Integrated patient portals segment by product is estimated to lead the market growth during the forecast period
According to The Insight Partners market research study of “North America Patient Portal Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product, Delivery mode, End User and Country.” The North America patient portal market is expected to reach US$ 3,582.65 million by 2027 from US$ 854.55 million in 2019; it is estimated to grow at a CAGR of 19.2% from 2020 to 2027. The report highlights trends prevailing in the North America patient portal market and the factors driving market along with those that act as hindrances.
The North America patient portal market, by product, is segmented into, standalone patient portals, and integrated patient portals. The integrated patient portals segment held the largest share of the market in 2019, and the same segment is anticipated to register the highest CAGR in the market during the forecast period. The patient portal is a web-based solution connected with electronic health records and allows patients to access their health records. Governments worldwide are focusing on laying down the standards, regulations, and infrastructure for maintaining health records, which is increasing the demand for patient portals. Apart from this, increasing adoption of healthcare technologies by hospitals is driving the growth of the market. For instance, Definitive Healthcare in the US manages 3 billion medical records, Rx claims, and other data in hospitals. Therefore, increasing adoption of the patient-centric approach and rising investment in healthcare IT infrastructure drive the North America patient portal market.
The growth of the North America patient portal market is attributed to key driving factors such as are rising number of healthcare facilities adopting the patient portals and increasing demand for Electronic Health Record (EHR). Further, cloud-based patient portal solutions will further offer lucrative opportunities in the review period. However, the growth of the market is expected to be restrained by concerns regarding breach of privacy of patient records.
Cerner Corporation, Allscripts Healthcare, LLC and McKESSON CORPORATION are among the leading companies operating in the North America patient portal market.
The report segments in North America Patient Portal Market as follows:
By Product
- Standalone Patient Portals
- Integrated Patient Portals
By Delivery Mode
- Web-Based Delivery
- Cloud-Based Delivery
By End User
- Providers
- Payers
- Pharmacies
- Others
By Country
- US
- Canada
- Mexico
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