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Prominent Personal Health Record Software Market Trend for 2025: Advancements In AI Integration Transforming Personal Health Record Software Market
Personal Health Record Software Market
The personal health record software market has grown significantly in recent years. It will grow from $10.14 billion in 2024 to $11.09 billion in 2025, at a CAGR of 9.4%. This growth is attributed to market demand and supply dynamics, government initiatives, integration with traditional record-keeping systems, improved chronic disease management, and consumer demand for accessible healthcare information.
The personal health record software market is expected to grow to $16.09 billion by 2029, with a CAGR of 9.8%. Factors contributing to this growth include increasing demand for centralizing and streamlining healthcare information, initiatives to promote patient-centered care, and rising consumer awareness and adoption. Trends include increasing government support for patient-centric care, growing demand for healthcare information management, and rising patient awareness regarding medical information storage.
What Is Driving the Growth Trajectory of the Personal Health Record Software Market?
The increasing adoption of digital health solutions is expected to accelerate the growth of the personal health record software market. Digital health solutions integrate technology into healthcare delivery, improving accessibility, efficiency, and patient outcomes. Personal health record software enhances digital healthcare by enabling patient engagement, facilitating medical data management, and optimizing treatment coordination. For example, in June 2022, the UK's Department of Health and Social Care reported that 90% of NHS trusts were projected to implement electronic health records by December 2023, with full adoption reaching 100% by March 2025. Additionally, by March 2024, 80% of adult social care providers were expected to transition to digital records, and 75% of adults were projected to register for the NHS App. Consequently, the increasing demand for digital health solutions is fueling the growth of the personal health record software market.
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Which Leading Companies Are Shaping the Growth of the Personal Health Record Software Market?
Major companies operating in the personal health record software market report are GE Healthcare, Cerner Corporation, Allscripts, eClinicalWorks, Athenahealth, NextGen Healthcare, Meditech, Greenway Health, CareCloud Inc., Kareo, Zapbuild, E-MDs Inc., SoftClinic Software, Practice Fusion Inc., AdvancedMD, Practice Fusion, HealthFusion, CureMD, Epic Systems Corporation, NoMoreClipboard, Amazing Charts, Validic Inc., Health Companion, Patient Ally, Healthspek, 75Health (Kaaspro), Knapsack Health, Records For Living Inc., DrChrono, ChARM Health
What Are the Major Trends Shaping the Personal Health Record Software Market?
Major companies in the personal health record software market are advancing AI-powered solutions like AWS HealthScribe due to their significant impact on healthcare software. AWS HealthScribe is a generative AI-based service that automatically generates clinical documentation from doctor-patient conversations. For instance, in July 2023, Amazon Web Services, a US-based cloud computing provider, launched AWS HealthScribe to facilitate clinical documentation creation. This HIPAA-compliant service enables healthcare software providers to integrate speech recognition and generative AI into clinical applications, streamlining documentation, improving consultation efficiency, and optimizing medical scribe workflows.
What Are the Key Segments of the Personal Health Record Software Market?
The personal health record software market covered in this report is segmented -
1) By Component: Software And Mobile Applications, Service
2) By Deployment: Cloud-Based, Web-Based
3) By Architecture: Payer-Tethered, Provider-Tethered, Standalone
Subsegments:
1) By Software And Mobile Applications: Personal Health Record (PHR) Software, Mobile Health (Mhealth) Apps, Cloud-Based Health Record Systems
2) By Service: Implementation Services, Maintenance And Support Services, Training And Consulting Services
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Which Region Dominates the Personal Health Record Software Market?
North America was the largest region in the personal health record software market in 2024. The regions covered in the personal health record software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Personal Health Record Software Global Market Report?
- Market Size Analysis: Analyze the Personal Health Record Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Personal Health Record Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Personal Health Record Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Personal Health Record Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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