Patient Portal Software Market To Find Better Growth with US$ 2.2 Bn By 2027 | CAGR: 7.6%: Coherent Market Insights
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Global Patient Portal Software Market, by Portal Type (Integrated and Standalone), by Software Mode (Web/Cloud-based and On-Premise), By End User (Hospitals & Clinics, Home Care Service, and Ambulatory Service), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), was valued at US$ 1,143.1 Mn in 2018 and is expected to exhibit a CAGR of 7.6% over the forecast period (2019–2027), as highlighted in a new report published by Coherent Market Insights.
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The patient portal software market growth is driven by rising adoption of patient centric approach, by enhancing the interaction between patient and physicians. For instance, in October 2017, Pulse Systems, Inc., a provider of Electronic Health Record (EHR), Practice Management (PM) and Revenue Cycle Management (RCM) solutions, announced that it selected InteliChart, a provider of patient engagement and outcomes technology, as its new patient engagement solutions. This helped Pulse Systems, Inc.’s clients (hospitals/clinics) in increasing revenue by improving engagement among patients. Pulse has leveraged InteliChart’s application programming interface (API) to integrate the InteliChart Patient Portal with PulseCloud EHR.
Moreover, in February 2018, Coordinate My Care, a clinical service that informs GPs, hospitals, ambulatory services about the patient requirement or need, launched its online patient portal called myCMC. The portal makes use of InterSystems’ unified health informatics platform HealthShare that allow patients to arrange their own urgent care plans online.
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Key players in the market are focused on expanding their product portfolios and technological solutions, in order to provide enhanced features and services to patients. For instance, in April 2018, Equicare Health, a provider of oncology care coordination and patient navigation solutions, released the latest version of their product, Equicare CS (ECS) 4.8. The 4.8 version is certified for MIPS ACI 2015 edition and supports integration with Elekta’s Mosaiq 2.6 and Varian’s ARIA 15.5. ECS 4.8. It also includes a new Case Finding feature, and charting improvements, which makes it easier for healthcare providers to organize patient assessments and records.
Moreover, in February 2019, Royal Philips, a global provider in health technology, launched IntelliSpace Portal 11 at the 2019 European Congress of Radiology. It is an advanced visualization and quantification software, and the new version helps in improving workflow efficiencies and allows secure data sharing between systems within the hospital network for maintaining security and privacy needs of customers.
Browse 34 Market Data Tables and 27 Figures spread through 163 Pages and in-depth TOC on Global Patient Portal Software Market, by Portal Type (Integrated and Standalone), by Software Mode (Web/Cloud-based and On-Premise), by End User (Hospitals & Clinics, Home Care Service, and Ambulatory Service), and by Region (North America, Latin, America, Europe, Asia Pacific, Middle East, and Africa) – Global Forecast to 2027
To know the latest trends and insights prevalent in the global patient portal software market press release, click the link below: http://bit.ly/2I2OAI9
Various players in the market are focused on adopting inorganic growth strategies such as acquisitions, in order to expand their portfolio of patient portal software. For instance, in 2011, Medfusion was acquired by Intuit, and re-named to Intuit Health. In August 2013, Steve Malik, owner of Medfusion, bought Medfusion from Intuit Health. Furthermore, in September 2015, Steve Malik (owner of Medfusion) raised US$ 3 million and launched a new suite of products.
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Key Takeaways of the Global Patient Portal Software Market:
- The global patient portal software market is expected to exhibit a CAGR of 7.6% during the forecast period (2019–2027). This is attributed to frequent product launches and rising awareness regarding patient portal software.
- Among region, North America is expected to hold dominant position in the global patient portal software market. This is due to rising awareness and presence of major players such as Cerner Corporation, Athenahealth Inc., Curemd Healthcare, and others in the region.
- The Asia Pacific market is also expected to witness significant growth over the forecast period due to rising number of chronic disease conditions, which could lead to higher demand for patient care and patient engagement to communicate with physicians and take a regular feedback about their health. These factors are expected to drive the market growth.
- Some of the key players operating in the global patient portal software market include Napier Healthcare Solutions, Inc., Allscripts Healthcare Solutions Inc., Curemd Healthcare, Athenahealth Inc., Cerner Corporation, Nextgen Healthcare Information Systems LLC, GE Healthcare, Greenway Health LLC, Medfusion Inc., Eclinicalworks LLC, and PrognoCIS
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