Personal Health Record Software Market Size Worth $16.84 Million by 2030 | CAGR: 9.7%

Personal health record software is a useful tool for managing health. The software refers to a collection of information about a patient's health, written from a patient's perspective. The combination of PHRs and electronic health record systems offer greater benefits. This is because electronic personal health records (PHRs) simplify online access to your information via web-enabled devices such as computers or smartphones.
The software maintains health records in different forms, such as a list of your medical conditions, medications, and treatments with additional information, such as allergies or family history. Growing demand for centralizing & streamlining healthcare information and rising demand for cloud-based software for dealing with individual data are some crucial factors expected to drive the market growth over the forecast period.

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Personal Health Record Software Market: Growth Drivers

The rising awareness about medical information storage and management among urban patients is prominently driving the growth of the personal health record software market. The growing government activities to encourage paperless data integration in the healthcare sector are expected to contribute to the market growth during the forecast period. Further, factors such as the increasing adoption of advanced technologies coupled with the rising responsiveness for medical information storage and management solutions are fuelling the market growth. Moreover, the growing acceptance of cutting-edge innovations is boosting market growth. Also, the increasing need for centralizing and streamlining healthcare information is positively influencing the demand for personal health record software.

Personal Health Record Software Market: Report Segmentation

• Based on components, the market is segmented into software & mobile apps and services. The software & mobile apps segment dominates the market.
• On the basis of deployment mode, the market is segmented into web-based and cloud-based. The web-based deployment mode segment witnesses the largest share in the personal health record software market.
• Depending on architecture type, the market is categorized into payer tethered, provider tethered, and standalone. The standalone segment accounts for the largest revenue share in the global industry and is expected to grow fastest over the forecast years.
• Based on geography, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the world.

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Geographic Overview: Personal Health Record Software Market

On the basis of geography, North America dominated the largest revenue in 2021 and is anticipated to retain its dominance in the global market over the study period. The rising need for following regulatory guidelines & reducing the rising medical costs is driving the market growth in the region. Also, the growing focus of non-government officials towards developing a sound sustainable medical system in the region is likely to boost the market growth over the projected period.
Furthermore, the rest of the world is expected to record the highest CAGR across the world over the forecast period owing to the rising demand for remote patient monitoring solutions and the increasing number of population. In addition, the growing collaborations and initiatives by major market players for rapid technological advancements across the medical field are expected to fuel the market growth over the forecast period.

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The market is primarily segmented on the basis of component, deployment mode, architectural type, and region.

Recent Developments

• In Feb 2019, Fujitsu announced the launch of its new Fujitsu Healthcare Solution Healthcare Personal Service Platform.
• In March 2020, Knapsack Health launched a free PHR software for individuals, families, and caretakers.
• In August 2020, the government of India announced the introduction of the National Digital Health Mission.

Personal Health Record Software Market: By Component Outlook

• Software & Mobile Apps
• Services

Personal Health Record Software Market: By Deployment Mode Outlook

• Web-based
• Cloud-based

Personal Health Record Software Market: By Architecture Type Outlook

• Payer Tethered
• Provider Tethered
• Standalone

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