Patient Registry Software Market Size 2021 Global Demand, Business Opportunities and COVID-19 Scenario Analysis
The patient registry software market is expected to witness a CAGR of 11.3% during the forecast period. Certain factors that are driving the market growth include implementation of government initiatives to build patient registries, rising adoption of electronic health records (EHR), and increasing use of patient registry data for post-marketing surveillance. Due to the current improved outcomes and quality of care in the 21st century, industry players around the world are searching for creative and cost-effective ways to deliver patient-centered, technology-enabled healthcare solutions, both inside and outside hospital walls. Electronic health records were able to attract interest from government sources due to widespread uses, both clinical and non-clinical. In order to witness progress in healthcare services, many federal policies initiatives, and programs are being implemented by governments in developed and developing countries all over the world. As a result, the increasing adoption has contributed to the growth of the global patient registry software market.
Concerns regarding violations of privacy and problems, such as data theft, are however related to all forms of medical information technology (IT). There are similar issues about the use of software for patient registry. Due to data security issues, widespread adoption of the registry software was limited. Intensification of security checks is a feasible challenge for vendors providing these services, but those security checks come at the cost of ease of operation, thereby compromising the platform's performance.
The demand for patient registry software is segmented, by software type, into stand-alone and integrated software While niche stand-alone software finds extensive application in the healthcare industry for the compilation and evaluation of different types of registries, integrated software still holds the largest market share, providing numerous modules offering a comprehensive range of features that are normally available in stand-alone software. Integrated software is increasingly being used in hospital settings where there is a need to document multiple registries in different departments and cross-sharing of this data between departments is essential.
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North America dominated the global market and is expected to maintain its position as the global leader during the forecasted period. In the United States, digital infrastructure development for healthcare and electronic health record adoption started earlier. For example, within the country, the federal government has been encouraging the use of its healthcare data through various policies and initiatives. The majority of the growth is anticipated to be fueled by the public sector spending, specifically by Medicare and Medicaid. Medicaid and social security are expected to exceed government revenues. Thus, the growing investments in the healthcare sector are likely to drive product innovation and technology acceptance, which in turn, may propel the healthcare IT market in the region.
Patient Registry Software Market Revenue & Forecast, (US$ Million), 2015 – 2027:
Competitive Landscape
The report provides both, qualitative and quantitative research of patient registry software market, as well as provides comprehensive insights and development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analysed in the report. For each company, the report studies their global presence, competitors, service offerings and specification amongst others.
The major market players include: Global Vision Technologies, Inc. , Dacima Software, Inc., FIGmd, Inc. , CECity.com, Inc. (A Premier, Inc. Company) , Liaison Technologies, Inc. , ImageTrend, Inc. , Phytel, Inc. (an IBM Corporation Company) , Velos, Inc. , INC Research Holdings, Inc. , Quintiles IMS Holdings, Inc. , ifa systems AG, McKesson Corporation , Optum, Inc. , and EVADO Pty. Ltd.
Patient Registry Software Market:
By Type of Registry: (Disease Registries , Health Service Registries , Product Registries)
By Type of Software: (Stand-alone Software , Integrated Software)
By End User: (Hospitals , Government Organizations and Third Party Administrators (TPAs) , Pharmaceutical Biotechnology and Medical Device Companies , Other)
By Geography:
North America: (U.S, Canada, Mexico, Rest of North America)
Europe: (France, The UK, Spain, Germany, Italy)
Nordic Countries: (Denmark, Finland, Iceland, Sweden, Norway)
Benelux Union: (Belgium, The Netherlands, Luxembourg, Rest of Europe)
Asia Pacific:(China, Japan, India, New Zealand, Australia, South Korea)
Southeast Asia: (Indonesia, Thailand, Singapore)
Rest of Southeast Asia
Middle East and Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of Middle East and Africa)
Latin America: (Brazil, Argentina, Rest of Latina America)
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