Patient Registry Software Market size was estimated at $1.61 billion in 2022 and is expected to reach $6.51 billion by 2032, growing at a CAGR of 15.0% during the forecast period of 2022 to 2032.
Patient registry is a critical element of population health management success. This is because records collect individual health details from various sources and help health professionals gain a better understanding of a specific condition, assist providers in designing more effective treatment plans, and aid in the development of targeted public health programs.
Clinical research in uncommon and chronic illnesses is conducted using patient registry databases to enhance patient treatment. These databases are critical for determining the viability of clinical trials and facilitating patient enrollment procedures for assessing the effect of novel therapies. Patient registry databases are used by healthcare institutions such as hospitals and nursing homes to gather and preserve information about patients to define certain illnesses or medical conditions. The worldwide patient registry software market is segmented by database type, product, function, mode of delivery, and end-user.
The development of the COVID-19 pandemic has boosted demand for patient registries since they aid researchers in determining illness prognosis and clinicians in determining the optimal way of COVID-19 patient treatment. Patient registries help in collecting real-world data of clinical interactions. It enables the investigation of the clinical efficacy of therapies in a variety of patient groups.
According to many studies, people with pre-existing medical conditions, such as cardiovascular disease or cancer are more likely to experience severe COVID-19 symptoms. Patient registry data may be used to provide important information into the characteristics, treatment patterns, and clinical outcomes of patients hospitalized with specified illnesses. Numerous government agencies have established patient registries to study better the impact of COVID-19 on individuals who have previously been diagnosed with various diseases. As a result, the number of patient registries for cardiovascular disease like cancer has increased in response to the need to understand better the impact created by COVID-19 on these patients.
Patient Registry Software Market Growth and Trend
The transition to value-based payment and accountability necessitates the development of new longitudinal quality and health outcomes metrics across care settings. This will require developing new health IT solutions independent of EHRs and intermediates that collect data, report metrics, and offer meaningful feedback to doctors in a fast cycle. Registries are being connected to EHRs to maximize insights for quality improvement, evidence creation, and public reporting. Additionally, the National Institutes of Health (NIH) reports that regulatory agencies and other stakeholders increasingly rely on data acquired through patient registries to inform their decision-making. Disease registries have a substantial role to play in population health management. Patient registry software is extensively used for illness registries due to the growing elderly population, the increasing frequency of chronic and uncommon diseases, and government attempts to establish disease-specific national patient registers.
Due to the increased results and quality of treatment in the twenty-first century, market participants worldwide are exploring novel and cost-effective methods of delivering technology-enabled, patient-centered healthcare solutions both within and beyond hospital walls. Due to their extensive use in clinical and non-clinical settings, electronic health records have garnered government attention. Governments are implementing numerous federal policies, initiatives, and programs in developed and developing countries alike to advance healthcare services. However, worries about privacy breaches and other difficulties, such as data theft, are inherent in all kinds of medical information technology (IT). Similar challenges arise when patient registry software is used. Due to data security concerns, widespread use of registry software has been hampered. While increasing security checks is a feasible job for vendors providing these services, doing so at the expense of simplicity of operation comprises the platforms efficiency. As a result, privacy and data security concerns impede the growth of the worldwide patient registry software market.
Patient Registry Software Market Segmentation
The patient registry software market is segmented by software, pricing model, deployment, database, and end-user. Based on software, the market consists of standalone software and integrated software. By pricing model, the market is divided into subscription model and ownership model. Based on deployment, the market is segmented into on-premises and cloud-based system. By database, the market is segmented into commercial database and public database. Based on end-user, the market is divided into government organizations and third-party administrators, hospitals and medical practices, private payers, pharmaceutical, biotechnology, medical device companies, research centers.
Patient Registry Software Market Country Analysis
During the forecast period, the Asia Pacific market is expected to develop at the fastest CAGR. The APAC regions market growth is primarily driven by increased awareness of the advantages of EHRs, advancements in healthcare systems, the rise of medical tourism in Asian nations, and strong demand for EHRs in Asian countries. Europe seems to be the worlds second-largest market. The primary driving force behind this region is a push for the construction of national patient registers in each country in preparation for the establishment of centralized and global patient registries. Additionally, financing for the establishment of global patient registers is a significant driver driving the patient registry software market in Europe.
Patient Registry Software Market Share and Competition
The major players operating in the global patient registry software market are Optum, McKesson Corporation, Phytel, ImageTrend, Liaison Technologies, Ifa Systems, Premier, Dacima Software, FIGmd, and Global Vision Technologies.
Report Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 - 2032)
• Data breakdown for every market segment (2022 - 2032)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Software Analysis (Revenue, USD Million, 2022 - 2032)
• Standalone Software
• Integrated Software
Pricing Model Analysis (Revenue, USD Million, 2022 - 2032)
• Subscription Model
• Ownership Model
Deployment Analysis (Revenue, USD Million, 2022 - 2032)
• On-Premises
• Cloud
Database Analysis (Revenue, USD Million, 2022 - 2032)
• Commercial Database
• Public Database
End-User Analysis (Revenue, USD Million, 2022 - 2032)
• Government Organizations and Third-Party Administrators
• Hospitals and Medical Practices
• Private Payers
• Pharmaceutical
• Biotechnology
• Medical Device Companies
• Research Centers
Region Analysis (Revenue, USD Million, 2022 - 2032)
• North America
o United States
o Canada
o Mexico
• South America
• Europe
o France
o Germany
o Italy
o Spain
o United Kingdom
o Austria
• Asia Pacific
o Russia
o China
o Japan
o India
o Philippines
o Malaysia
o Australia
o South Korea
• Middle East
o GCC C ountries
o South Korea
• South Africa
• Rest of World
Patient Registry Software Market Companies
• Optum
• McKesson Corporation
• Phytel
• ImageTrend
• Liaison Technologies
• Ifa Systems
• Premier
• Dacima Software
• FIGmd
• Global Vision Technologies.
Available Versions
• United States Patient Registry Software Industry Research Report
• Europe Patient Registry Software Industry Research Report
• Asia Pacific Patient Registry Software Industry Research Report
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