Press release
Global Patient Registry Software Market is estimated to grow at a CAGR of 11-14% by 2027 - An Increasing Adoption of Electronic Health Records (EHR) and eHealth Solutions
Impact of Covid-19 on the Growth of Patient Registry Software Market
During the Covid-19 pandemic, patient registry became a key tool to examine the current trends in Covid-19 vaccination clinical trials. Due to strict lockdown rules and government restrictions in hospitals, clinical trials were stalled. The major benefit of patient registry software is the ease of tracking patient data or any severe incident related to a clinical trial.
Government bodies in all the top and developed countries such as USA, utilized the patient registry software to support countrywide tracking and reporting of various infections and immunization. There was a rapid rise in the application of patient registry software, for tracking patient data, vaccination supply information, and maintaining other health records. The software allowed Covid-19 cases to be managed with ease across different agencies and companies.
Increasing Cases of Chronic & Rare Diseases, Broader Adoption of EHR & eHealth Solutions and Growing Application Segment of the Software Drives the Growth of Patient Registry Software Market
Rising cases of chronic & rare diseases, an increasing adoption of EHR & eHealth solutions, and the favorable initiatives adopted by the government to incorporate patient registry software in various verticals of the healthcare segment are some of the key factors driving the growth of the global market. Patient registry software application areas are increasing rapidly. These registries are now designed to support clinical research medical adherence analysis, post-marketing surveillance, and management of drugs and medical devices.
The surge in the number of new or rare chronic diseases has led to a further growth in the R&D investments for drug discovery, hence increasing the number of clinical trials. Patient registries play a major role in all the healthcare and clinical research analysis. The software is used to examine and analyze the results of a clinical trial.
Key Market Challenges which can Impact the Growth of Patient Registry Software Market
The primary challenge in the growth of the patient registry software market is the inconsistent data collection format which has led to a shortage of an interoperability and integration in patient registries. Patient data security and the shortage of skilled healthcare professionals are some of the major factors which are likely to affect the growth of global patient registry software market.
North America Holds the Highest Share in Patient Registry Software Market
North America holds the highest share in the global patient registry software market. This can be mainly attributed to the growing government support to establish and implement patient registries in clinical studies, innovative health management programs, team's availability, presence of the leading market players and the well-developed healthcare system. The patient registry software market growth in the Asia-Pacific region is driven by an increasing cases of chronic diseases due to growing geriatric population.
The surge in demand to enhance the healthcare system and decrease the costs, high demand for EHRs, growing medical tourism and rising awareness on the advantages of EHR is set to drive the market growth in Asian countries.
Competitive Landscape Analysis: Patient Registry Software Market
Some of the top and well-established players operating in the global patient registry software market are listed as below: -
• IBM Corporation
• IQVIA Holdings
• OpenText Corporation
• Optum
• ArborMetrix
• FIGmd
• Dacima Software
• ImageTrend
The global patient registry software market is set to gain a further momentum in the coming years due to growing cases of chronic diseases, the demand to integrate and digitalize health care records, increasing investments in R&D activities and the rising number of clinical trials, and aggressive growth strategies adopted by the top market players.
Get Detailed Insights on Patient Registry Software Market with a Sample PDF @ https://meditechinsights.com/patient-registry-software-market/
Ruta Halde
Associate, Medi-Tech Insights
121/7E Avenue Franklin Roosevelt,
1050 Brussels, Belgium
+32 498 86 80 79
info@meditechinsights.com
https://meditechinsights.com/
Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.
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