Global Patient Portal Market to Reach $1557.3 Million by the Year 2020

Wembley, United Kingdom, December 13, 2014 --( Meticulous Research announced the addition of a new research report, titled “Global Patient Portal Market Outlook: 2014-2020 to its offerings. According to the latest publication, the global patient portal market would reach $1557.3 million by 2020 with a CAGR of 19.7% over the period of 2014 to 2020. The research report analyzes the major drivers, restraints, opportunities, and challenges that have a long and short-term impact on its growth across the globe.

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The global patient portal market is segmented by its type, mode of delivery, and end user. The market is further sub segmented into EHR based portal, individual third party portal, and others, of which EHR based patient portal are used by most of the healthcare providers and has a major share in the overall patient portal market, cited to its installation feasibility and ease of data access. Patient portal incorporation and usage patterns are meticulously analyzed by segmenting the market on the basis of end users. The key end-users analyzed in the study are hospitals, physicians, healthcare payers, Health Information Exchange (HIE) organizations, pharmacies, and others.

The effect of Stage 2 meaningful use criteria on the patient portal market is found to be a significant and key factor that is fueling the growth of patient portal market in the U.S. which is a major market for patient portal, cited to the obligation it made on the incorporation and use of patient portal technology among healthcare providers in the region. The comprehensive geographical analysis shows that the North American region accounted for the largest share in the global patient portal market followed by Europe, and Asia-Pacific. Asia-Pacific region provides significant opportunities for the growth of this market cited to many technological advancements and healthcare reforms in the region backed by growing economies such as China and India and positive approach of government towards the healthcare IT sector. The report elucidates various important aspects of the global patient portal market that facilitate the understanding of this market at a granular level. The report offers meticulous analysis of market dynamics, burning issues, and technological landscape of the global patient portal market.

The patient portals market is fragmented with the presence of lot of small and major companies in the market. The key players in the global patient portal market are Allscripts Healthcare Solutions, Inc. (U.S.), athenahealth (U.S), eClinicalWorks (U.S.), Cerner Corporation (U.S.), Epic (U.S.), GE Healthcare (U.K.), Greenway/Vitera Healthcare Solutions (U.S.), McKesson Corporation (U.S.), and NextGen Healthcare Information System LLC (U.S) along with many small players operating at a regional/local markets.

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