Patient Registry Software Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

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The global market value of the patient registry software market was USD 1.6 billion in 2022, and a CAGR of 14.2% is expected during the forecast period. There is an increasing number of acute and chronic disease patients worldwide in hospitals, for whom the need for time is computerized registries to obtain patient details whenever they're needed in a much more efficient manner. Government initiatives to build patients' registries according to disease type are driving the growth of the patient registry software market. There is a little bit of confusion in the disease registry and the patient’s registry. It's a growing sector due to the need for better healthcare analytics, research, and patient care management.


Impact of Covid-19

COVID-19 significantly impacted the patient registry software market. The pandemic highlighted the need for a robust system to collect, manage, and analyze patients' data. Increased focus on telehealth and remote patient monitoring also spurred the demand for the patient’s registry market to track and manage diverse health data, leading to market growth and innovation. During COVID-19, the government emphasized that having details of the patients suffering from COVID-19 had a positive impact over all on this market. The patient’s details and vaccine supply information were tracked with the help of this register. The increase in the number of COVID-19 patients has driven the growth of the market.

Growth Drivers

The increasing usage of electronic health records is driving the growth of the market. Increasing government initiatives for better healthcare infrastructure, a geriatric population, and an increase in the benefits of patient registry in hospitals and organizations are driving the growth of the market. The rise in the number of COVID-19 patients has driven the growth of the market significantly.

Increased demand for digitized healthcare systems, an emphasis on data-driven decision-making, regulatory requirements for patient data management, and the rising prevalence of chronic diseases require comprehensive patient information management systems. Advancements in technology, such as AI and analytics integration, interoperability solutions, and the need for efficient clinical research, are also propelling the growth of this market.

Segmentation

Disease Registry Type

·         Cardiovascular Registry

·         Diabetes Registry

·         Cancer Registry

·         Rare Disease Registry

·         Others

Health Service Registry Type

Product Registry Type

·         Medical Device Registry

·         Drug Registry

By Software Type

·         Standalone

·         Integrated

By Functionality

·         Population Health Management

·         Health Information Exchange

·         Patient Care Management

·         Medical Research and Clinical Studies

·         Others

By End-User

·         Hospitals

·         Government and Third-Party Organization

·         Pharma, Biotech and Medical Device Companies

·         Others

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Patient Registry Software Market by Software type Segmentation

On the basis of the software type, the patient registry software market is segmented into standalone and integrated. Standalone patient registry software operates independently, focusing solely on registry functionalities. It’s dedicated to managing the patient’s data. Tracking specific conditions and diseases. Integrated software seamlessly incorporates registry functions within broader healthcare systems, like electronic health records or hospital information systems. Integrated solutions offer interoperability, streamlining data flow between different health modules, and enhancing accessibility and usability for healthcare providers. Both integrated and standalone software options cater to varying needs, with integrated solutions offering a more comprehensive approach to patient data management. The increasing geriatric population, which is more disease-prone, the increasing patient’s population in the Asia-Pacific region, and COVID-19 significantly impacted the growth of the patient registry software market.


Patient Registry Software Market End User Segmentation

On the basis of end-user, the patient registry and software market are segmented into hospitals, government and third-party organizations, pharma, biotech, and medical devices companies, and others. Hospitals are the leading segment and are expected to lead the market during the forecast period. Hospitals adopt patient registry software to efficiently manage patient data, facilitate patient care coordination, enhance research capabilities, and comply with regulatory requirements. The software enables hospitals to track and analyze patient information, leading to better treatment outcomes, streamlined workflows, and improved decision-making. The increasing focus on personalized medicines and the need for comprehensive patient data management are driving the growth of the market significantly. Pharma is another segment that is leading after hospitals and is expected to lead during the forecast period. Biotech and medical device companies are also working according to this software, having complete details of the patient. This market is expected to grow significantly during the forecast period.

Regional Outlook

On the basis of the regions, the patient registry software market is segmented into 5 regions: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. North America is the leading segment and is expected to dominate during the forecast period. The region's well-established healthcare infrastructure, increasing adoption of electronic health records, government initiatives promoting healthcare IT, and strong focus on research and development in the healthcare sector are contributing to the market’s growth. The presence of key market players in the region, technological advancements, and high prevalence of chronic diseases are driving the growth of the market significantly.

In the Asia-Pacific region, the rapidly increasing population, increasing healthcare expenditure, rapid digitization of healthcare systems, growing awareness about the benefits of electronic healthcare records, and government initiatives promoting healthcare IT adoption are driving the growth in China, India, Japan, Singapore, and Australia. The presence of a large patient population is driving the growth in the region significantly. The increasing geriatric population, which is more disease-prone, is driving the growth in the region.

In Europe, the patient registry software market is robust and continuously evolving. Factors contributing to its growth include the region’s well-established healthcare infrastructure, stringent regulatory frameworks, promoting data security and interoperability, increasing emphasis on patient-centric care, and a high prevalence of chronic diseases driving the need for comprehensive patient data management solutions. Technological advancement, government initiatives supporting healthcare IT adoption, and collaboration between industry stakeholders further bolster the patient registry software market in Europe. Germany, France, Russia, England, and the Nordic countries are the big markets in this aspect. The presence of various key players in the region is driving the growth of the market.

 

Key Players

·         Image Trend

·         Optum

·         Open Text Corporation

·         McKesson Corporation

·         Dacima Software INC

·         FIGmd INC

·         Elekta AB

·         Premiere INC

·         Conduent INC

·         Ordinal Data

·         IQVIA Holdings

·         Other Players

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