Cardiac Registry Software Market Research Insights 2022-28

The global cardiac registry software market size was valued at USD 465.8 million in 2021 and is poised to grow at a significant CAGR of 8.8% during the forecast period from 2022 to 2028. Patient registries are a methodical gathering of information about individuals who have a particular ailment or health condition. They help to track the effectiveness of treatments and examine the best practices for care. These registries can be used for a specific research question or for an indefinite period to address multiple research questions. With the advent of electronic health records, collecting and analysing data has become more convenient, and patient registries are anticipated to become even more essential in healthcare. Traditionally, patient registries have been initiated by researchers, either independently or through funding from private or government sources, to gather observational data for a particular research objective. These registries may operate in a range of structures and formats.

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Cardiac Registry Software Market Growth Factors:
The growth of the patient registry software market is being driven by the increasing adoption of electronic health records and other eHealth solutions worldwide. This is due to the growing pressure to improve the quality of care and reduce healthcare costs, as well as the rising incidence of chronic diseases such as cancer, diabetes, and cardiovascular diseases. Government initiatives to establish patient registries and the widespread implementation of EHR solutions in healthcare practices are also contributing to the market's growth. Additionally, factors such as increased healthcare spending, high disposable income, a growing elderly population, advancements in healthcare infrastructure, and the use of patient registry data for post-marketing surveillance are positively influencing the market.
However, concerns regarding data privacy and security, as well as a shortage of skilled resources, are expected to impede market growth. The lack of interoperability and integration, as well as reluctance to adopt advanced solutions, are also projected to pose challenges to the patient registry software market in the forecast period. Despite these challenges, the emergence of cloud-based patient registry solutions and the increase in accountable care organizations present lucrative opportunities for market players.

The global cardiac registry software market segmentation:
1) By Types of Registries: Disease Registry, Heart Arrhythmia, Heart Valve Disease, Coronary Artery Disease, Heart Failure Others Health Service Registries, Product Registries, Medical Device Registries, Drug Registries.
2) Type of Software: Standalone Software, Integrated Software) Pricing Model (Subscription Model, Ownership Model.
3) Deployment Model: On-premises Model, Cloud-Based Model.
4) Type of Database: Commercial Database, Public Database.
5) Functionality: Population Health Management, Patient Care Management, Medical Research & Clinical Studies, Health Information Exchange, Point-of-Care, Product Outcome Evaluation.
6) End User: Government Organizations and Third-Party Administrators, Hospitals & Medical Practice, Private Payers, Pharmaceutical, Biotechnology, and Medical Device Companies, Research Centers.

Cardiac Registry Software Market Regional Analysis:
North America is expected to maintain its position as the dominant region in the patient registry software market throughout the forecast period, primarily due to the high prevalence of chronic diseases and an increase in treatment procedures being performed in the region. However, the Asia-Pacific region is projected to experience the highest compound annual growth rate (CAGR) of 11.3% during the forecast period. This can be attributed to the presence of highly populated countries like India and China, which have a higher prevalence of chronic diseases, a growing elderly population, and a greater number of pharmaceutical companies operating in the region.

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Key players in the cardiac registry software market IBM Corporation, IQVIA Holdings, OpenText Corporation, Optum, ARMUS Corporation, Premier, Inc., ArborMetrix, FIGmd, McKesson Corporation, Syneos Health, Dacima Software

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