BURNABY, Canada, June 22, 2015 /PRNewswire/ --
Rising healthcare expenditures and growing incidence of diseases to stimulate growth in UAE patient registry market through 2020
According to TechSci Research report "UAE Patient RegistryMarket Forecast & Opportunities, 2020", the market for patient registry in the UAE is projected to grow at a CAGR of 14% during 2014-20. Though the country's patient registry market is currently in nascent stage, the market would be driven by implementation of government initiatives aimed at improving population health management, rising pressure to improve quality of care and minimizing healthcare costs and increasing adoption of EHRs. Increasing government focus to improve quality of healthcare services in the country and boost medical tourism is expected to contribute to the growing demand for patient registry software in the country. Patient registry allows timely and effective medical care by allowing physician and staff in analyzing patient's history of health, diagnosis and treatment records.
Patient registry market in the UAE has been divided into diabetes, cancer, cardiovascular and chronic registries. Diabetic patient registries accounted for a majority revenue share in 2014 due to the rising incidences of diabetes. Patient registry finds applications across hospitals, government organizations, private practitioners and pharmaceutical companies. Government organizations and hospitals are forecast to account for a lion's share in the UAE patient registry market through 2020. Additionally, growing use of patient registry software in research institutes and pharmaceutical labs enables the study of impact of a particular drug or treatment procedure on patient health.
"UAE patientregistry market is projected to grow owing to its increasing government focus on improving healthcare facilities and transparency in services. The use of patient registry software for accessing patient's historic health records such as lab reports, radiology and pathology and physical examination results not only ensures effective medical care and treatment to patients, but also reduces healthcare costs. Additionally, development and subsequent implementation of integrated patient registrysoftware solutions is projected to revolutionize patient registry market in the country in the coming years." said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"UAE Patient Registry Market Forecast & Opportunities, 2020" has evaluated the future growth potential of patient registry market in the UAE and provides statistics and information on market structure, industry behavior and trends. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities available in patient registry market in the UAE.
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SOURCE TechSci Research