Patient Portal Market to Surpass 11.8 Billion by 2030 Drives Due to Rising Demand for EHRs
Westford, USA, June 28, 2023 (GLOBE NEWSWIRE) -- As per SkyQuest, the market for patient portals is experiencing growth in electronic health records (EHRs) due to two primary reasons: the growing need for EHRs and the rising acceptance of a patient-centered approach by healthcare providers. EHRs are gaining popularity as the healthcare sector undergoes digital transformation. These electronic systems facilitate the gathering, safekeeping, and sharing of patient health data in electronic form, providing various advantages such as improved data availability, better coordination of care, and lesser medical mistakes.
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A patient portal is an online platform that links to electronic health records (EHR) systems, mainly focused on granting patients entry to their medical records. Via a patient portal, people can securely view and handle their personal health information. One of the key aspects of patient portals is the option for patients to distribute their health data with healthcare professionals, promoting remote communication and minimizing the necessity for face-to-face appointments.
Notable Participants in the Patient Portal Industry
The online sector is anticipated to expand the market because of the numerous benefits provided by internet-based software for patient portals.
The online part of the patient portal market had a large portion of the market, with 66% of the share, proving its control in the industry. This control can be attributed to the many benefits provided by online patient portal software. One important advantage is the ability to automatically update the software, guaranteeing that the portal is always current with the newest features and security improvements, without the need for the user to put in extra effort.
North America has emerged as the top contender in the patient portal market, capturing a large portion of 43.8% worldwide. This dominance can be credited to the region's impressive progress in healthcare technology. The United States and Canada, for instance, have successfully incorporated IT into their healthcare systems, resulting in better patient care, more efficient operations, and streamlined processes in the healthcare industry.
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The segment of cloud-based solutions is predicted to take over the market as it provides an all-encompassing perspective on patient data.
The portion of the patient portal market that operates on cloud technology is expected to see remarkable expansion. This surge can be credited to various aspects that contribute to the appeal of cloud-based portals for healthcare companies. One major benefit is the capability of cloud-based solutions to facilitate real-time interaction, enabling healthcare organizations to effortlessly share and combine data from different systems. This enhances teamwork and enables a comprehensive understanding of patient information, resulting in improved coordination of care and better outcomes for patients.
The patient portal market in Europe is predicted to gain a major position, ranking second globally. This can be credited to the region's growing emphasis on implementing healthcare IT and telehealth projects, as well as the ongoing digitalization of healthcare procedures. European nations have actively dedicated resources to developing healthcare IT infrastructure, aiming to enhance patient care, broaden access to medical services, and streamline healthcare procedures.
A thorough examination of the key participants in the market for patient portals was recently carried out in a report. The report covers a wide range of subjects, such as partnerships, consolidations, creative business strategies, and plans, offering valuable information on important patterns and advancements in the market. Additionally, the report analyzes the market share of the leading sections and provides a comprehensive geographical breakdown. Finally, the report emphasizes the major players in the field and their efforts to create inventive answers to meet the increasing need.
Noteworthy Advancements in the Digital Health Platform Sector
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