Europe Master Patient Index Software Market to Grow at 9.9% CAGR to Garner US$ 433.3 million by 2028 - Impact of COVID-19 Pandemic by Business Market Insights

The Master patient index software market in Europe is expected to grow from US$ 224.1 million in 2021 to US$ 433.3 million by 2028; it is estimated to grow at a CAGR of 9.9% from 2021 to 2028.

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“Europe Master Patient Index Software Market” study by The Business Market Insights provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.

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.

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Leading Europe Master Patient Index Software Market Players: McKESSON CORPORATION, Oracle Corporation, Wipro Limited, Allscripts Healthcare Solutions, Inc., NextGate, MEDITECH, Intersystems Corporation

Healthcare IT solutions are enabling large-scale innovations in healthcare sector, which contribute to the improvement of service quality. Technologies such as telemedicine, mHealth, remote patient monitoring, behavioral health technologies, and consumer-driven digital health have significantly transformed fundamentals of care delivery. The positive outlook and acceptance for these advancements is likely to encourage companies to develop MPI software in greater numbers in the coming future. Infrastructure developments along with the adoption of automated healthcare IT solutions have drawn government support and investments toward healthcare digitalization. For instance, in March 2017, NHS Scotland signed a 12-year contract with Wipro Limited for the development of next-generation EMPI solution, which is expected to bring a transition the healthcare system in Scotland through its traditional community health index (CHI) system, enabling paperless, cost-effective, efficient, and patient-friendly MPI software in the healthcare services. Similarly, according to European Union’s (EU) data for 2019, EU has contributed US$ 220,474 (€180,000) for creating MPI in France. Moreover, the COVID-19 pandemic has created the need of additional investments for the establishment of the digital healthcare.

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Payment Gateway market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Payment Gateway market segments and regions.

The report is a combination of qualitative and quantitative analysis of the Europe Master Patient Index Software Market. The report also focuses on the exhaustive PEST analysis and extensive market dynamics during the forecast period.

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Reason to Buy
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the regional Europe Master Patient Index Software Market
• Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
• The key findings and recommendations highlight crucial progressive industry trends in the Europe Master Patient Index Software Market, thereby allowing players to develop effective long term strategies in order to garner their market revenue.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth regional market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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