Coherent Market Insights, the global patient portal software market was valued at US$ 1,143.1 Million in 2018 and is expected to exhibit a CAGR of 7.6% over the forecast period (2019–2027).
Key Trends and Analysis of the Patient Portal Software Market:
Major players are involved in gaining product approvals and new product launches, which is expected to drive the market growth over the forecast period. For instance, in July 2019, UCI Health entered into a partnership with Connexient to integrate its MediNav solution with the health system, and launch Epic EHR-Integrated Patient Navigation Tool through the UCI Mobile app.
Moreover, in November 2011, Avado launched ‘patient relationship management (PRM)’ platform to create a friendly communicative relationship (which will help knowing more about patient health records and history) between patients and doctors.
There is increasing awareness about the patient portals software owing to the launch of various portals and creating awareness by companies. As the rate of chronic diseases is increasing demand for patient portal software is also increasing. Demand for such portals is increasing due to the growing adoption of the patient-centric approach. For instance, in November 2018, according to a patient portal study reported in the Journal of Medical Internet Research, 32.1% users were using patient portals, while 31.2% were non-users but were aware of the portals. 36.7% of individuals were non-users and not aware of the portal. The study was conducted by the University of Medical Centre Utrecht (UMCU), Netherlands.