Patient registry Market Estimated to Record Highest CAGR by 2028

 

Patient registry databases are used to develop clinical research in the field of rare and chronic diseases for the improvement of patient care. These databases are important to assess the feasibility of clinical trials and support patient enrollment procedures to evaluate the impact of new interventions. In healthcare organizations such as hospitals and nursing homes, patient registry databases collect and store patient information to define particular diseases or medical conditions. Patient registries are the computerized databases that contain personal, medical, social, and financial data being reported by healthcare professionals and patients. For rare or chronic diseases, registries can provide vital epidemiological data such as incidence and prevalence, symptoms, and severity of the disease to researchers and healthcare professionals. Due to the continuous growth of chronic diseases, population and disease management is highly needed, which in turn drives the overall demand for patient registry software. The growing demand for patient registry software has led to the emergence of patient registry software vendors around the world, which has contributed to the growth of market size globally.

DRO: In terms of geography, North America dominates the global patient registry software market. This is due to the presence of an improved healthcare infrastructure and increased government funding for the medical field in the region. In addition, technological advancement in patient registry software platforms, as well as increasing adoption of electronic health records (EHRs) in medical practices have also propelled the growth of the market in North America. In addition, increasing pressures of government on healthcare organizations to improve the quality of care and minimize healthcare cost have also propelled the growth of the patient registry software market in the region. India, China, and Japan are expected to be the fastest-growing markets for patient registry software in Asia.

Various initiatives undertaken by government organizations to enhance patient health management and increasing prevalence of chronic diseases are among the major drivers for the global patient registry software market. Also, increasing adoption of EHRs and increasing government pressure on healthcare organizations to improve patient care have fueled the growth of this market. Lack of healthcare IT professionals and data privacy and security concerns in EHRs are major restraints of the global patient registry software market. Increasing numbers of mergers and acquisitions between healthcare IT companies is a key trend observed in the global patient registry software market.

The global patient registry market can be segmented based on type of registry, type of software, pricing model, deployment model, functionality, database type and geography. Based on registry type, the global market can be segmented into Product Registries, Health Service Registries, Disease Registries, Other Registries. By software type, the global market can be divided into integrated and stand alone. Depending on pricing model, the market worldwide can be divided into Subscription and Ownership. Based on deployment model, the global market can be bifurcated into On-premise and Cloud based. By functionality, the market can be divided into Population Health Management (PHM), Patient Care Management, Health Information Exchange (HIE), Point-of-Care, Product Outcome Evaluation, Medical Research and Clinical Studies. Based on database type, the global market can be divided into Commercial and Public. Based on End-User the global market can be segmented into Government Organizations and Third-party Administrators (TPAs), Hospitals and Medical Practices, Private Payers, Pharmaceutical, Biotechnology, and Medical Device Companies and Research Centers.  By geography, the global market can be bifurcated into North America, Europe, Asia-Pacific and Rest of the World.

 

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SEGMENTATION: KEY PLAYERS: Quintiles, Inc., PatientCrossroads, Evado Clinical Solution, and Dacima Software, Inc., and Global Vision Technologies, Inc., ImageTrend, Inc., Global Vision Technologies, Inc., ifa systems AG, Velos, Inc., Telligen, Inc., Optum, Inc., Quintiles Transnational Holdings, Inc., Phytel, Inc., McKesson Corporation, and INC Research Holdings, Inc.
The global patient registry market can be segmented
By Type of Registry:
• Product Registries
• Health Service Registries
• Disease Registries
• Other Registries
By Type of Software:
• Integrated
• Stand alone
By Pricing Model:
• Subscription
• Ownership
By Deployment Model:
• On-premise
• Cloud based
By Functionality:
• Population Health Management (PHM)
• Patient Care Management
• Health Information Exchange (HIE)
• Point-of-Care
• Product Outcome Evaluation
• Medical Research
• Clinical Studies
By Database Type:
• Commercial
• Public
By Region:
• North America
• Europe
• Asia-Pacific
• Rest of the World

 

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