Patient Registry Software Market Growth Insight
The interest for patient registry software is expanding because of the high selection pace of electronic wellbeing records and expanding utilization of patient registry information for post-marketing observation. These variables are relied upon to fuel the development of the global patient registry software market. Be that as it may, protection and information security-related concerns are foreseen to hamper the market development.
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EHRs are a stage toward the advancement of the human services framework that can reinforce the connection among patients and clinicians. The information and the practicality and accessibility of it will empower suppliers to settle on better choices and give better care. Every one of these points of interest urge clinicians and emergency clinics to keep precise records of every one of their patients henceforth prompting the high appropriation of electronic wellbeing records (EHRs) expanding globally. For example, as indicated by the American Hospital Association Annual Survey Information Technology Supplement, 96% of medical clinics in the US received confirmed EHRs in 2017.
For example, as indicated by The Office of the National Coordinator for Health Information Technology, in the US, starting at 2017, almost 9 out of 10 (86%) office-based doctors had non-ensured EHR frameworks, and roughly 4 out of 5 (80%) received a guaranteed her frameworks. Since 2008, selection of any EHRs by office-based doctors has expanded fundamentally from 42% to 86%.
Competitive Analysis:
Some of the major companies in the global patient registry software market size include Dacima Software Inc, ArborMetrix, Evado Pty. Ltd, Open Text Corporation, IFA SYSTEMS, LUMEDX, Optum, Inc., McKesson Corporation, IBM, phamax, and IQVIA.
Segmentation:
The patient registry software market is segmented on type of registry, functionality, deployment model, end user, and region.
Based on the type of registry, the market is segmented into health service registries, disease registries, product registries, and others.
Based on functionality, the market is segmented into patient care management, population health management (PHM), health information exchange (HIE), and others.
On the basis of deployment model, the market is segmented into on-premise and cloud.
Based on the end-user, the market is segmented into government organizations & research centers, hospitals and clinics, and others.
Regional Analysis:
Regionally, the patient registry software market is segmented into the Americas, Asia Pacific, Europe, and Middle East & Africa. Of these, the Americas region is estimated to remain dominant in the global patient registry software market in the coming period owing to increasing inclination toward the digital infrastructure in healthcare. Additionally, the presence of improved infrastructure for advanced healthcare coupled with strong presence of key players in the global patient registry software market.
Europe is estimated to hold second leading revenue share in the overall revenue of the global patient registry software market. This growth can be attributable to the government initiatives for the adoption of patient registry software in the region. However, Asia Pacific is anticipated to be fastest-growing region in the global market for patient registry software owing to the various initiatives by government of the countries in the region for reduction of pressure on improving overall healthcare industry and the quality of care in the region. Additionally, need for reducing overall healthcare costs in the region is a key factor augmenting adoption of patient registry software and is likely to fuel growth of the patient registry software market.
Industry News:
In 2019, CB2 Insights have recently announced its new partnership with VIVO Cannabis for adoption of cannabis-based medical treatment technology. CB2’s clinical data management software and electronic data capture tools will receive VIVO’s medical patient registry.
In 2019, Medneon announced launch of a new groundbreaking clinicogenetic patient registry system, which include investigation for people that are on high-risk of diseases. Also, it helps to manage their genetic mutations for preventing hereditary breast cancer.
In 2019, CareDx announced acquisition of XynManagement for its advanced technology to be incorporated in its patient registry software for improved and simplified transplant, quality tracking, and waitlist management.
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