Global Patient Registry Software Market Analysis
Overview
Patient registry software (PRS) are computerized registries that store personal, medical, social, and financial information that is submitted by healthcare providers or the patient. Researchers and healthcare practitioners can benefit from registries because they can offer essential epidemiological data for uncommon or chronic diseases, such as incidence and prevalence, symptoms, and severity of the condition.
In 2020, the global patient registry software market is anticipated to be worth US$ 1,540.9 million, and by 2027, it is projected to be worth US$ 3,116.9 million.
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Drivers
During the forecast period, the global patient registry software market is predicted to increase due to the rising incidence of cancer and other chronic diseases. As per the American Cancer Society, 1,762,450 new cancer cases will be identified and 606,880 cancer deaths will occur in the U.S. in 2019.
Patient monitoring, documenting of disease history, features, administration, and results with or without therapy, dynamic surveillance system for the emergence of unexpected or dangerous events, and effective management of patient population are just a few of the benefits of PRS. These benefits are projected to increase demand for PRS, resulting in market development.
In terms of value, North America dominated the global patient registry software market in 2019, contributing for 45.8 percent of the market, trailed by Europe and Asia Pacific, accordingly.
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Restraints
Illegal usage, infiltration, information theft, damage, fraud, and theft, as well as inaccurate medical expenditures, erroneous data, insurance difficulties, and other inconsistencies in registration information, are likely to stymie growth of the global patient registry software market.
Furthermore, a scarcity of healthcare IT experts, particularly in emerging nations, is likely to stymie industry expansion.
Opportunities
Participants in the global patient registry software market should expect significant development prospects as Health 2.0 becomes more widely adopted. The application of web 2.0 or social media in healthcare is known as Health 2.0. Healthcare companies employ online communities for illness management by giving patients access to peer groups 24 hours a day, seven days a week.
An increase in the number of clinical studies is also predicted to help the market expand. In order to recruit participants for clinical trials, medical researchers and contract research firms need patient information. The number of clinical trials undertaken in the U.S. grew from 30,978 in 2018 to 32,523 in 2019, as per the National Library of Medicine.
The global patient registry software market was worth US$ 1,390.5 million in 2019 and is expected to reach US$ 3,116.9 million by 2027, with a CAGR of 10.6 percent during 2020 to 2027.
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Market Trends
The rising prevalence of diabetes in Europe is projected to increase demand for PRS. Diabetes will affect over five million individuals in the United Kingdom by 2025, according to Diabetes U.K.
Increased use of mHealth services such as monitoring, diagnostic, preventative, research, emergency response, and doctor support services is also projected to help in expansion of the global patient registry software market.
Competitive Landscape
Key companies contributing in the global patient registry software market are PatientCrossroads, Dacima Software Inc., Quintiles Inc., Global Vision Technologies, Inc., Evado eClinical Solutions, Imagetrend, Inc., Liaison Technologies, and Mckesson Corporation.
Key Developments
To increase their product range, key firms in the market are focusing on partnership tactics. Clara Health, a software business, teamed up with Lyft, Inc., a ridesharing company, and VSC, a public relations firm, in April 2020 to create a registration platform and database to link COVID-positive and -negative people with clinical trials for diagnosis, treatment, and vaginal health.
Leading market participants are also concentrating on releasing new goods in order to increase their product range. Health Catalyst, Inc., a data and analytics technology and services company, announced the introduction of a COVID-19 Registry, Dashboard, and Capacity Planning Tool in March 2020.
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Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Disease Area
- Market Snippet, By End User
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Developments
- Regulatory Scenario
- PEST Analysis
- Market Dynamics
- Global Patient Registry Software Market, By Type, 2019 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Public Domain Registry Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Segment Trends
- Commercial Registry Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Segment Trends
- Introduction
- Global Patient Registry Software Market, By Disease Area, 2019 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Diabetes Registry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Cardiovascular Registry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Cancer Registry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Rare Disease/Orphan Disease Registry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Other Chronic Disease Registry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Patient Registry Software Market, By End User, 2019 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Government
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Commercial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Patient Registry Software Market, By Regions, 2019 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- North Africa
- Central Africa
- South Africa
- Introduction
- Competitive Landscape
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
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