Increasing prevalence of chronic diseases, rapid adoption of electronic health records and eHealth solutions, and rising number of product launches are expected to drive global market growth
Increasing prevalence of chronic diseases, rapid adoption of electronic health records and eHealth solutions, and rising number of product launches are expected to drive global market growth
The global patient registry software market is forecast to reach a value of USD 2.96 Billion by 2027; according to a latest analysis by Emergen Research.
Market Dynamics:
Patient registry is a crucial tool for population health management. It uses observational methods for collecting uniform data defined by a particular disease or condition, procedure, or medical device. Patient Registry Software (PRS) are computerized databases that are used by healthcare providers and comprise medical, personal, social, and financial data of patients. It collects health information from multiple sources in order to help healthcare providers with better treatment plans and assist in developing health programs for targeted population.
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Factors such as increasing prevalence of chronic diseases such as cancer, cardiovascular disorders, diabetes, and rare genetic disorders, growing demand for advanced and specialized care, and improving healthcare infrastructure and management system are expected to drive global market revenue growth during the forecast period. In addition, increasing healthcare spending and rising investments in developing advanced software are expected to drive global market growth between 2020 and 2027.
However, factors such as increasing concerns about data security and privacy, reluctance in deploying advanced software and solutions in many small-scale hospitals in rural areas, and lack of skilled professionals are expected to hamper overall market growth to a certain extent during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Cloud Based Segment to Account for Largest Revenue Share:
The cloud based segment is expected to account for largest revenue share between 2020 and 2027 owing to its benefits such as easy deployment, remote data access, large data storage, better data back, easy deployment and cost-effectiveness, rising need for managing large databases, and high focus on developing advanced cloud-based systems.
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Population Health Management Segment To Register Rapid Revenue Growth:
The population segment is expected to register rapid revenue growth during the forecast period. This can be attributed to factors such as rapidly expanding population across the globe, increasing geriatric population, rising incidence of various types of diseases, and rising need for advanced solutions for managing patient health and data.
North America to Lead In Terms of Revenue Share:
North America is expected to dominate other regional markets in terms of revenue share over the forecast period owing to factors such as large patient pool, growing adoption of advanced EHR, presence of well-developed healthcare infrastructure, and rising demand for advanced patient registry software for managing large patient database. Other factors such as government initiatives to improve healthcare management, rising investments in developing advanced software and systems, and growing awareness about benefits of patient registry software are expected to fuel market growth in North America during the forecast period.
Major Companies in the Market Include:
- IQVIA Holdings, Inc.
- ImageTrend, Inc.
- McKesson Corporation
- Optum, Inc.
- International Business Machines Corporation
- Syneos Health Inc.
- Premier, Inc.
- Phytel, Inc.
- Telligen, Inc.
- Dacima Software Inc.
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For the purpose of this report, Emergen Research has segmented the global patient registry software market on the basis of delivery, database, registry type, function, software type, end-use, and region.
Delivery Outlook (Revenue, USD Billion; 2017–2027)
- Cloud-based
- On-premises
Database Outlook (Revenue, USD Billion; 2017–2027)
- Public Database
- Commercial Database
Registry Type Outlook (Revenue, USD Billion; 2017–2027)
- Product Registries
- Health Service Registries
- Disease Registries
Function Outlook (Revenue, USD Billion; 2017–2027)
- Point-Of-Care
- Patient Care Management
- Population Health Management
- Product Outcome Evaluation
- Health Information Exchange
- Research & Clinical Studies
Software Type Outlook (Revenue, USD Billion; 2017–2027)
- Integrated
- Standalone
End-use Outlook (Revenue, USD Billion; 2017–2027)
- Government & Third-Party Administrators
- Pharmaceutical Companies
- Hospitals
- Research Centers
- Others
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Regional Outlook (Revenue, USD Billion; 2017–2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
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