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Patient Registry Software Global Market Report Competitive And Growth Analysis 2033
Patient Registry Software Global Market Report 2024
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According to The Business Research Company's, The patient registry software market size has grown rapidly in recent years. It will grow from $2.13 billion in 2023 to $2.44 billion in 2024 at a compound annual growth rate (CAGR) of 14.8%. The growth in the historic period can be attributed to research and clinical trials in healthcare, government initiatives to track and manage disease, adoption of electronic health records (ehrs), growth in chronic disease prevalence, need for quality reporting and performance measurement..
The patient registry software market size is expected to see rapid growth in the next few years. It will grow to $4.35 billion in 2028 at a compound annual growth rate (CAGR) of 15.5%. The growth in the forecast period can be attributed to big data and ai in healthcare research, real-world evidence generation, genomic and precision medicine data integration, mobile and cloud-based registry solutions, regulatory requirements for data collection.. Major trends in the forecast period include patient-driven data collection, integration of wearables and iot devices, data interoperability and standardization, blockchain for secure data sharing, telehealth and remote monitoring integration..
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Market Drivers and Trends:
The rising adoption of electronic medical records (EMRs) is contributing to the growth of the patient registry software market going forward. An electronic medical record is a digital counterpart of a patient's paper chart. An EMR can help with billing, inter-practice referrals, appointment scheduling, and medication refills. The patient registry software functionality is included as an add-on in EMR and EHR products, thereby promoting the patient registry software market. For instance, in 2021, according to a UK-based intergovernmental organization, the Organization for Economic Co-operation and Development (OECD), 93% of primary care practices across 24 OECD countries use EMRs. Therefore, the rising adoption of electronic medical records will drive the growth of the patient registry software market.
Product innovations are the key trends gaining popularity in the patient registry software market. Major companies operating in the patient registry software sector are focused on developing new product innovations to strengthen their position in the market. For instance, In January 2022, Seqster PDM, Inc., a US-based healthcare company that builds comprehensive patient records partnered with the National Pancreas Foundation to develop a registry software that gathers data using remote monitoring devices. The partnership will leverage Seqster's technology, which combines patient information from wearable/remote monitoring devices, genomic DNA tests, and EHR in real-time. The company's platform gathers patient data from various sources, enabling more thorough, coordinated care. The National Pancreatic Cancer Foundation (NPCF) is a nonprofit group providing independent support for those affected by pancreatic cancer.
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Major Key Players of the Market:
Armus Digital Pvt. Ltd., Dacima Software Inc., Evado Clinical, Global Vision Technology Co. Ltd., Gz Technology Pvt. Ltd., Healthmonix LLC, Imagetrend Inc., QVIA Holdings Inc., Lumedx Healthcare Technologies Private Limited, M2s Industries Private Limited, Mckesson Corporation, Opentext Corporation, Optum Health & Technology Private Limited, Phytel Inc., Premier Inc., Syneos Health Inc., Telligen Inc., Advarra Inc., Advera Health Analytics, ArborMetrix Inc., EResearch Technology, FIGmd Inc., Flatiron Health Inc., Healex Systems Ltd., IFA Systems AG, Liaison Technologies Inc., Medrio Inc., Molecular Corp., OM1 Inc., Open Registry, Orion Health Corp., PatientCrossroads, PatientRegistry
Patient Registry Software Market 2024 Key Insights:
• The patient registry software market size is expected to see rapid growth in the next few years. It will grow to $4.35 billion in 2028 at a compound annual growth rate (CAGR) of 15.5%.
• Electronic Medical Records Fueling The Patient Registry Software Market A Path To Enhanced Healthcare Management
• Innovative Solutions Redefining The Patient Registry Software Market The Seqster Pdm And National Pancreas Foundation Collaboration
• North America was the largest region in the patient registry software market in 2023
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