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Prominent Patient Registry Software Market Trend for 2025: Innovative Solutions Redefining The Patient Registry Software Market The Seqster Pdm And National Pancreas Foundation Collaboration
Patient Registry Software Market
The increasing utilization of electronic medical records (EMRs) is propelling the progress of the patient registry software market. EMRs, essentially the digital version of a patient's paper chart, assist with billing, inter-practice referrals, scheduling appointments, and renewing medications. The functionality of patient registry software is often integrated as an extra feature in EMR and EHR products, further bolstering the market. For example, data from the Office of the National Coordinator for Health Information Technology, a US-based federal agency, revealed in October 2023 that approximately 60% of people, or nearly 3 out of every 5, accessed their online medical records or patient portals in 2022, displaying a steady uptick in access frequency over time. Moreover, the same agency reported in April 2022 that close to 78% of office-based physicians and about 96% of non-federal acute care hospitals had adopted certified electronic health records (EHR) by 2021. The escalating use of electronic medical records inevitably spurs the growth of the patient registry software market.
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What growth opportunities are expected to drive the patient registry software market's CAGR through 2034?
In the past few years, the size of the patient registry software market has seen significant expansion. It is projected to increase from $2.46 billion in 2024 to $2.81 billion by 2025, at a compound annual growth rate (CAGR) of 14.4%. The historical growth in this area is due to factors such as healthcare research and clinical trials, government actions to monitor and control disease, the implementation of electronic health records (ehrs), an increase in the incidence of chronic diseases, and a requirement for quality reporting and performance metrics.
In the forthcoming years, the patient registry software market is anticipated to experience swift expansion with an estimated size of $5.14 billion by 2029, accompanied by a compound annual growth rate (CAGR) of 16.3%. This growth during the predicted period can be traced back to the incorporation of big data and AI in healthcare studies, the production of real-world evidence, the assimilation of genomic and precision medicine data, as well as mobile and cloud-based registry solutions, and data collection regulatory requirements. Notable trends during this forecast period encompass patient-initiated data collection, incorporation of wearables and IoT devices, standardization and interoperability of data, utilization of blockchain for secure data dispersion, and the introduction of telehealth and remote monitoring.
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What are the emerging trends shaping the future of the patient registry software market?
The patient registry software market is currently witnessing a surge in product innovations as the primary trending behavior. The leading companies in this field are prioritizing the creation of innovative products to solidify their market standing. As an illustration, Seqster PDM, Inc., an American healthcare organization that creates comprehensive patient records, collaborated with the National Pancreas Foundation in January 2022. Their objective is to create a registry software that collects data via remote monitoring apparatuses. This alliance will take advantage of Seqster's technology, merging information from wearable and remote monitoring devices, genomic DNA tests, and EHR in real-time. Using multiple data sources, the company's platform collects patient information to facilitate more comprehensive and coordinated healthcare. The National Pancreatic Cancer Foundation (NPCF) is a charitable entity offering independent assistance to those impacted by pancreatic cancer.
Which growth-oriented segments of the patient registry software market are leading the industry's development?
The patient registry software market covered in this report is segmented -
1) By Product: Standalone Software, Integrated Software
2) By Type of Database: Disease Registries, Health Service Registries, Product Registries
3) By Deployment Model: On-Premise Models, Cloud-Based Models
4) By Functionality: Population Health Management (PHM), Patient Care Management, Health Information Exchange (HIE), Point Of Care, Product Outcome Evaluation, Medical Research And Clinical Studies
5) By End User: Government Organizations And Third-Party Administrators, Hospitals And Medical Practices, Private Payers, Pharmaceutical, Biotechnology, And Medical Device Companies, Research Centers
Subsegments:
1) By Standalone Software: Disease-Specific Registries, Patient-Centered Registries, Research Registries, Population Health Registries
2) By Integrated Software: Electronic Health Record (EHR) Integrated Software, Practice Management System (PMS) Integrated Software, Clinical Decision Support System (CDSS) Integrated Software, Health Information Exchange (HIE) Integrated Software
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What regions are leading the charge in the patient registry software market?
North America was the largest region in the patient registry software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the patient registry software market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What companies are at the forefront of innovation in the patient registry software market?
Major companies operating in the patient registry software market include 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
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What Is Covered In The Patient Registry Software Global Market Report?
•Market Size Forecast: Examine the patient registry software market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the patient registry software market for a structured understanding.
•Key Players Overview: Analyze major players in the patient registry software market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the patient registry software market.
•Segment Contributions: Evaluate how different segments drive overall growth in the patient registry software market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the patient registry software market.
•Industry Challenges: Identify potential risks and obstacles affecting the patient registry software market.
•Competitive Landscape: Review strategic developments in the patient registry software market, including expansions, agreements, and new product launches.
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