The Patient Registry Software Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Patient Registry Software Global Market Report 2024, The patient registry software market size has grown rapidly in recent years. It will grow from $2.13 billion in 2023 to $2.44 billion in 2024 at a compound annual growth rate (CAGR) of 14.8%. The growth in the historic period can be attributed to research and clinical trials in healthcare, government initiatives to track and manage disease, adoption of electronic health records (ehrs), growth in chronic disease prevalence, need for quality reporting and performance measurement..
The patient registry software market size is expected to see rapid growth in the next few years. It will grow to $4.35 billion in 2028 at a compound annual growth rate (CAGR) of 15.5%. The growth in the forecast period can be attributed to big data and ai in healthcare research, real-world evidence generation, genomic and precision medicine data integration, mobile and cloud-based registry solutions, regulatory requirements for data collection.. Major trends in the forecast period include patient-driven data collection, integration of wearables and iot devices, data interoperability and standardization, blockchain for secure data sharing, telehealth and remote monitoring integration..
The rising adoption of electronic medical records (EMRs) is contributing to the growth of the patient registry software market going forward. An electronic medical record is a digital counterpart of a patient’s paper chart. An EMR can help with billing, inter-practice referrals, appointment scheduling, and medication refills. The patient registry software functionality is included as an add-on in EMR and EHR products, thereby promoting the patient registry software market. For instance, in 2021, according to a UK-based intergovernmental organization, the Organization for Economic Co-operation and Development (OECD), 93% of primary care practices across 24 OECD countries use EMRs. Therefore, the rising adoption of electronic medical records will drive the growth of the patient registry software market.
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The patient registry software market covered in this report is segmented –
1) By Product: Standalone Software, Integrated Software
2) By Type of Database: Disease Registries, Health Service Registeries, Product Registries
3) By Deployment Model: On-Premise Models, Cloud-Based Models
4) By Functionality: Population Health Management (PHM), Patient Care Management, Health Information Exchange (HIE), Point Of Care, Product Outcome Evaluation, Medical Research And Clinical Studies
5) By End User: Government Organizations And Third-Party Administrators, Hospitals And Medical Practices, Private Payers, Pharmaceutical, Biotechnology, And Medical Device Companies, Research Centers
Product innovations are the key trends gaining popularity in the patient registry software market. Major companies operating in the patient registry software sector are focused on developing new product innovations to strengthen their position in the market. For instance, In January 2022, Seqster PDM, Inc., a US-based healthcare company that builds comprehensive patient records partnered with the National Pancreas Foundation to develop a registry software that gathers data using remote monitoring devices. The partnership will leverage Seqster’s technology, which combines patient information from wearable/remote monitoring devices, genomic DNA tests, and EHR in real-time. The company’s platform gathers patient data from various sources, enabling more thorough, coordinated care. The National Pancreatic Cancer Foundation (NPCF) is a nonprofit group providing independent support for those affected by pancreatic cancer.
The patient registry software market report table of contents includes:
- Executive Summary
- Patient Registry Software Market Characteristics
- Patient Registry Software Market Trends And Strategies
- Patient Registry Software Market – Macro Economic Scenario
- Global Patient Registry Software Market Size and Growth
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- Global Patient Registry Software Market Competitive Benchmarking
- Global Patient Registry Software Market Competitive Dashboard
- Key Mergers And Acquisitions In The Patient Registry Software Market
- Patient Registry Software Market Future Outlook and Potential Analysis
- Appendix
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