Press release
Patient Registry Software Market to Witness Huge Growth by Key Players: Syneos Health, Dacima Software, Inc., OpenText Corporation
The patient registry software market is anticipated to experience noteworthy growth avenues in the upcoming years. The increasing market growth is commonly attributed to a rapid shift toward computerized registries in order to provide the consumers with an automated way. This is used for the storage of data and for the creation, sorting, and display of the patient lists to be used in the planning, reporting, quality improvement, and direct care delivery. Further, the sudden outbreak of the COVID-19 and the continuously increasing count of these patients are anticipated to fuel demand opportunities in the market.
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The vendors serving in the patient registry software market are using different growth strategies such as innovations and product launches that have resulted in the increasing availability of advanced products across the globe.
The recent years are witnessing a noteworthy growth in the count of the breaches of healthcare data. Due to the outdated procedures and policies or the non-adherence to the existing ones, inadequate personnel training, and absence of internal control on patient information, various cases of data breaches have resulted mainly in medical identity theft. But with the appropriate efforts and initiatives, the patient registry software market is expected to propel growth opportunities in the forthcoming years.
Patient Registry Software Market: Key Trends
There has been increased adoption of electronic health records and some other HCIT solutions. This adoption is considered a positive indicator for the market growth of the patient registry software. This is due to the functionality of the patient registry software that is included or available as the add-on for various EHR products. Further, the authorities from different countries are also concentrating on the adoption of EHR solutions for their healthcare systems for the improvement of healthcare services.
The rapid application of EHR in developing and developed countries has been resulting in easy collection along with the storage of the health information of patients in the digital form. In addition to this, this adoption is also useful to increase patient participation and improve patient care. This transition to electronic records from paper-based records is anticipated to propel demand opportunities in the patient registry software market.
Patient Registry Software Market: Competitive Dynamics and Key Developments
The prominent players operating in the patient registry software market are incorporating various strategies in order to fuel growth avenues in the upcoming years. Strategic collaborations, mergers, product approvals, partnerships, geographical expansion, novel product launches, and acquisitions are applied by the major companies in order to generate expansion opportunities in the market.
For instance, ESO Solutions has formed a partnership with Virginia EMS Systems in March 2021. The motive of this partnership is to deliver a statewide trauma registry and statewide EMS data repository in order to collect and analyze data for the revelation of key trends and insights.
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Some key players in the global patient registry software market include:
Syneos Health
Dacima Software, Inc.
Premier, Inc.
Optum, Inc.
OpenText Corporation
IQVIA Holdings
IBM Corporation
Patient Registry Software Market: Regional Assessment
The patient registry software market is spread around different geographical areas around the world, such as Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa. Among these, the Asia Pacific region is likely to hold a significant share in the market during the forecast period. This increasing market growth can be attributed to the growing demand for EHRs and the rapid development of medical tourism in Asian countries. Further, improvements in the healthcare systems, increasing awareness about EHRs benefits, and rising incidences of chronic diseases. In addition to this growing count of government initiatives, healthcare infrastructure modernization and a rising number of research activities are also fueling growth impetus in the market.
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