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Master Patient Index Software Market (2021 to 2028): Latest Development and business opportunity to reach US$ 1,678.86 million by 2028

06-08-2021 06:17 PM CET | Health & Medicine

Press release from: The Insight Partners

Master Patient Index Software Market (2021 to 2028): Latest

Master Patient Index Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and Deployment,” the market is expected to reach US$ 1,678.86 million by 2028 from US$ 776.36million in 2020. It is estimated to grow at a CAGR of 10.3% from 2021 to 2028. The report highlights the trends prevalent in the market and the factors driving the market along with those that act as deterrents to its growth.

Prominent players operating in master patient index software market include McKesson corporation; Oracle Corporation; Wipro Limited; Allscripts Healthcare, LLC; NextGate; Just Associates, Inc.; Verato; QuadraMed Affinity Corporation; MEDITECH; and Intersystems Corporation.

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The companies have implemented several inorganic strategies to enhance the market value and maintain their position in the market. For instance, in August 2020, Allscripts and Sheba Medical Center have developed a collaboration to increase the pace of artificial intelligence technology and enhance patient safety through the hospitals' ARC Innovation Center. ARC, which stands for accelerate, reinvent, and collaborate, is Sheba Medical Center's research arm, with a goal of transforming healthcare by 2030.

The global master patient index software market is driven by assistance in maintaining and managing clinical, financial, and demographic data of patients However, the high cost of software is likely to hinder the market’s growth.

The master patient index software market is segmented based on type, deployment, and geography. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. The report offers insights and in-depth analysis of the master patient index software market emphasizing on various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players across the world. It also includes COVID-19 impact analysis across all the regions. It is estimated that the market is likely to have significant growth rate during the forecast period owing to the restricted health services and lockdown situation caused by the COVID-19 pandemic that have leveraged the digitalization in healthcare industry.

Master patient index (MPI) is an essential as well as critical part of every hospital or a healthcare facility center. To maintain the huge database of patients, MPI software or systems are used. MPI software or system is a primary feature build in the electronic health record (HER) to maintain a universal identity of patients at the organizational level. MPI helps in connecting patient records from several databases and reduces data duplication of patients. MPI also helps avoiding inaccuracy of data resulting in improper treatments.

The report segments the global master patient index software market as follows:

By Type

-Software
-Service

By Deployment

-Cloud-based
-On-premises

By Geography

-North America
-Europe
-Asia Pacific (APAC)
-Middle East & Africa (MEA)
-South and Central America (SCAM)

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About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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