Patient Portal Software Market Size, Share, Outlook, and Opportunity Analysis 2019 - 2027

Patient portal software includes several facilities at a single platform such as appointment booking, and generating prescriptions among others. Key users of patient portal software are doctors, pharmacists, and patients. This software operates with the help of the Internet or cloud-based systems. The purpose of patient portal services is to provide easy access to patients as well as healthcare practitioners to patient data, medical records and others.

Market Dynamics

Key players in the market are engaged in research and development of innovative platforms that can advance patient care and outcomes. For instance, In August 2018, AdvancedMD, a cloud platform of smart billing and patient applications, launched patient-managed e-payments, this launch is expected to simplify bill payments.

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Moreover in August 2013, Medical Web Experts, a provider of web solutions in the healthcare industry, launched the ‘Bridge’ patient portal brand and a new website. This site was originally known as a medical web expert’s enterprise patient portal, and the new brand and website was launched following significant growth in the company’s software solutions.

Moreover, several companies are taking initiatives and measures to increase patient engagement. For, instance, in October 2018, Intelerad Medical Systems, launched ‘nuage’ Patient Portal, a cloud-based patient portal solution, which will empower patients to access healthcare records anytime, anywhere.

Restraints

Despite increasing awareness regarding patient portal services, there is lack of awareness of these portals in low, and middle income regions, also, due to low income rate people refuse using such services.

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Launch of patient portal systems is expected to drive the global patient portal software market growth

Key players in the market are engaged in research and development activities, and product launches in order to expand their offerings in the market. For instance, in 2018, Brightree, a provider of cloud-based software, launched a new application called Patient Hub to personalize patient experience and increase revenue for home medical equipment (HME) providers. Patient Hub is a patient engagement application, which simplifies the work of HME providers to connect with their patients.

Moreover, in July 2014, Habersham Medical Center announced the launch of a new electronic medical record system or patient portal, which will allow patients to save and access their information from their personal computers and they can also transfer it to other healthcare providers, which the other patient portals doesn’t allow. Such products are expected to help in solving the problems faced by patients, and allow them easy access and share information much easily, this is expected to drive the global patient portal software market growth.

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