Patient Registry Software Market is Prospering Owing to the Rising Adoption of Electronic Health Record (HER) all Over the World

Global patient registry software market is expected to exceed the market valuation of more than US$ 3 Billion by 2027 expanding at a reasonable CAGR of 15% during the forecast period (2021-2027). Patient registry software is used to capture, manage, and provide data on specific conditions to support organized care management of patients with chronic diseases.

The demand for the Patient Registry Software market is burgeoning on account of the increasing adoption of Electronic Health Records and other eHealth solutions all over the world. Healthcare informatics enables high-quality and error-free care delivery in efficient and effective ways. Electronic health records provide safer transmission of patient information and access to more reliable prescriptions for physicians. They also help with legible and complete documentation of patients’ medical history. With connected infrastructure, Healthcare IT (HCIT) solutions enable easier tracking of unforeseen drug interactions and help to improve the decision support. Furthermore, healthcare institutions across the globe are focusing on automating their systems and operational workflows with the incorporation of a variety of HCIT tools and solutions which in turn is driving the Patient Registry Software market across the globe.

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Based on Database Type, the market is bifurcated into Commercial and Public. The Commercial segment dominated the market in 2020 due to its enhanced data security in comparison to the public database. Also, these databases follow government standards and coding, which further intensifies the segment demand. In addition, this software provides several benefits, for instance, timely software up-gradation, single point of contact for any business problem, and ease of use. Moreover, the commercial databases provide data exchange among government research organizations for example CDC and central disease registries which are further driving the segment growth. The Public segment is expected to grow at lucrative growth during the forecasted period owing to the rising number of research organizations. Also, the database is used for specific research tasks or projects, which fuels its demand. Moreover, the software is voluntarily unpatented and uncopyrighted. For example, Registry Plus is a public database registry launched by CDC for the collection and processing of cancer data for any specific project.

Based on Functionality, the market is fragmented into Population Health Management, Health Information Exchange, Patient Care Management, Point-Of-Care, Medical Research & Clinical Studies, and Product Outcome Evaluation. The Population Health Management segment dominated the market in 2020 and is expected to grow at lucrative growth during the forecasted period owing to the rising demand for solutions supporting value-based care delivery. Population Health Management assists in standardizing physician approach, enhancing clinical outcomes, and reducing the cost of disease management, which is further intensifying the segment growth.

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Based on End-use, the market is fragmented into Government & third parties, Hospitals & medical practices, private payers, pharma & medical device companies, and research organization. The Government & third-party segment dominated the market in 2020 owing to the implementation of this software by the government in both developed and developing countries to decrease the chronic disease burden. The pharma and medical device companies’ segment is expected to show lucrative growth during the forecast period owing to the rising adoption of patient registry software by the pharmaceutical, biotech, and medical devices companies to track real-world patient data. In addition, the data is also helpful for clinical trials and to address specific diseases.

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For a better understanding of the market adoption of Patient Registry Software, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America is expected to dominate the Patient Registry Software market on account of the Increasing target population coupled with the rising prevalence of diseases and the need for population-based registries. Some of the major players operating in the market include IBM Corporation, IQVIA Holdings, OpenText Corporation, Optum, Premier, Inc., ArborMetrix, FIGmd, McKesson Corporation, Syneos Health, and Dacima Software. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

Global patient registry software Market Segmentation

Market Insight, by Type of Registry

• Disease Registry
  • Cardiovascular
  • Diabetes
  • Cancer
  • Rare disease
  • Asthma
  • Others
• Health Service Registry
• Product Registry
  • Medical Device
  • Drug

Market Insight, by Type of Software

• Standalone
• Integrated

Market Insight, by Database Type

• Commercial
• Public

Market Insight, by Functionality

• Population Health Management
• Health Information Exchange
• Patient Care Management
• Point-Of-Care
• Medical Research & Clinical Studies
• Product Outcome Evaluation

Market Insight, by End-use

• Government & third party
• Hospitals & medical practices
• Private payers
• Pharma & medical device companies
• Research organization

Market Insight, by Deployment Model

• On-premises
• Web/Cloud-based

Market Insight, by Region

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • Germany
  • United Kingdom
  • France
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Rest of World

Top Company Profiles

• IBM Corporation
• IQVIA Holdings
• OpenText Corporation
• Optum
• Premier, Inc.
• ArborMetrix
• FIGmd
• McKesson Corporation
• Syneos Health
• Dacima Software