Global Patient Registry Software Markets to 2026 - Emergence of Cloud-based Patient Registry Solutions, High Adoption Rate of Subscription Models

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Nov 15, 2021, 12:00 ET

DUBLIN, Nov. 15, 2021 /PRNewswire/ -- The "Patient Registry Software Market by Type of Registry (Diabetes, Cancer, Rare Disease, Asthma, Kidney), Software (Integrated and Standalone), Delivery (On Premise and Cloud), Pricing Model, Database (Public), End User (Hospitals) - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The global patient registry software market is projected to reach USD 2.8 billion by 2026 from USD 1.4 billion in 2021, at a CAGR of 15% during the forecast period.

The growth of this market is mainly attributed to the shift toward computerized registries to provide users with an automated way to store data and create, sort, and display patient lists for use in planning, quality improvement, reporting, and direct care delivery. Also, the emergence of the COVID-19 pandemic and the increasing number of COVID-19 patients globally is expected to increase the demand for patient registry software in the coming years. Moreover, factors such as the rising number of accountable care organizations and the high adoption rate of the subscription model are creating lucrative opportunities for the market players.

Diseases Registries was the largest and fastest-growing segment in the type of registry market in 2020

Disease registries accounted for the largest share of the patient registry software market in 2020. Factors such as the increasing government initiatives to develop and maintain patient health records (to reduce healthcare costs) and the growing awareness about collecting and utilizing patient health information are driving the adoption of disease registries.

Government organizations & TPAs is the largest end user segment in the patient registry software market in 2020

Based on the end user, the patient registry software market is segmented into private payers; hospitals & medical practices; research centers; pharmaceutical, biotechnology, & medical device companies; and government organizations & TPAs. In 2020, the government organizations & TPAs segment accounted for the largest share of the global patient registry software market. The large share of this segment can be attributed to the emergence of the COVID-19 pandemic and the need for analyzing patient data for better population health management.

APAC to witness the highest growth rate during the forecast period

The Asia Pacific market is projected to grow at the highest CAGR during the forecast period. Market growth in the APAC region is mainly driven by the increasing need to integrate healthcare systems, government funding for developing patient registries, rising focus on PHM and HIE, high demand for EHRs in Asian countries.

Research Coverage

The report analyzes the patient registry software market and aims at estimating the market size and future growth potential of various market segments, based on type of registry, type of software, pricing model, deployment model, type of database, functionality, end user, and region. The report also provides a competitive analysis of the key players operating in this market, along with their company profiles, product offerings, recent developments, and key market strategies.

Companies Mentioned

Arbormetrix, Inc.
Armus Corp.
Cedaron
Conduent, Inc.
Dacima Software, Inc.
Elekta AB
ESO Solutions
Evado Clinical
FigMD
Global Vision Technologies, Inc.
IBM Corporation
IFA Systems AG
Imagetrend, Inc.
Iqvia Holdings
LumedX
McKesson Corporation
Medstreaming - M2S
Opentext Corporation
Optum
Ordinal Data, Inc.
Phamax AG
Premier Inc.
Syneos Health
Versaform Systems Corp.
Wirb Copernicus Group

Market Dynamics

Market Drivers

Government Initiatives to Build Patient Registries
Rising Pressure to Improve Quality of Care and Reduce Healthcare Costs
Rising Adoption of EHRs and Other eHealth Solutions
Growing Patient Volume due to Global Outbreak of COVID-19
Growing Use of Patient Registry Data for Post-Marketing Surveillance

Market Restraints

Privacy- and Data Security-related Concerns
Shortage of Trained and Skilled Resources

Market Opportunities

Rising Number of Accountable Care Organizations
Emergence of Cloud-based Patient Registry Solutions
High Adoption Rate of Subscription Model

Market Challenges

Lack of Interoperability and Integration
Reluctance to Adopt Advanced Solutions
Lack of Awareness

Regulatory Analysis
Pricing Analysis
Technology Analysis
Ecosystem Analysis
Patent Analysis

For more information about this report visit https://www.researchandmarkets.com/r/59s4nj

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