According to the research report titled ‘Patient Portal Market Size By Portal Type (Standalone Portal, Integrated Portal), By Deployment Mode (On-Premise, Cloud-based), By End-use (Healthcare Providers, Healthcare Payers, Pharmacies), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 - 2027’, available with MarketStudyReport, global patient portal market is anticipated to showcase lucrative growth trends between 2021 and 2027.
 

Increasing patient pool due to the ongoing COVID-19 pandemic is a major factor driving global patient portal market growth. Rising digitalization across the healthcare sector is further adding traction to the overall industry size. With growing prominence of electronic medical records (EMR) across various healthcare settings, patient portals are gaining popularity, thereby favoring the industry outlook. 
 

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For the record, a patient portal is a secure online website that gives patients a convenient 24-hour access to their personal health information from anywhere in the world using an internet connection. It offers data pertaining to recent doctor visits, medications, hospitalization details, discharge summaries, vaccinations, allergies, and lab results, among others.
 

Moreover, the COVID-19 pandemic has led to increasing demand for both patient care and telehealth expansion, along with a system to effectively keep a record of COVID-19 vaccinations. Patient portals are making medical care more accessible for patients with coronavirus, stimulating the product adoption. Rising focus on telehealth for uninterrupted medical care is further positively swaying the market dynamics over the estimated timeline.
 

Based on portal type segmentation of worldwide patient portal market, the integrated portal segment amassed USD 2,088 million in 2020 and is expected to showcase lucrative growth trends over the assessment period, owing to factors such as ease of use & information sharing ability, and high preference for these portals.
 

Speaking of deployment mode, the cloud-based segment accrued over USD 1,855 million in 2020 and is anticipated to grow at a strong CAGR over the study duration. This can be credited to account of various benefits like easy data management, reduced capital expenses, and cost-effective model.
 

Considering the end user ambit, the healthcare providers segment is likely to obtain revenues worth USD 3,695 million by 2027, primarily due to favorable government policies and increasing adoption of patient portal services by healthcare facilities.
 

On the geographical front, Latin America patient portal market crossed USD 100 million valuation in 2020 and is poised to garner notable gains over the projected timeline, owing to rising demand for advanced healthcare IT solutions across the region.
 

Major players swaying the industry dynamics are CompuGroup Medical Inc., Epic Systems Corporation, Greenway Health LLC, NextGen Healthcare Information Systems LLC, InteliChart LLC, Optum Inc., CureMD, GE Healthcare, eClinicalWorks LLC, Cerner Corporation, McKesson Corporation, and Allscripts Healthcare LLC.