Patient Registry Software Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

  • Single User License $3500

Patient Registry Software Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

Status : February, 2023 | Healthcare IT

Report Digest

Patient Registry Software Market: Overview

The patient registry software market is anticipated to experience noteworthy growth avenues in the upcoming years. The increasing market growth is commonly attributed to a rapid shift toward computerized registries in order to provide the consumers with an automated way. This is used for the storage of data and for the creation, sorting, and display of the patient lists to be used in the planning, reporting, quality improvement, and direct care delivery. Further, the sudden outbreak of the COVID-19 and the continuously increasing count of these patients are anticipated to fuel demand opportunities in the market.

The vendors serving in the patient registry software market are using different growth strategies such as innovations and product launches that have resulted in the increasing availability of advanced products across the globe.

The recent years are witnessing a noteworthy growth in the count of the breaches of healthcare data. Due to the outdated procedures and policies or the non-adherence to the existing ones, inadequate personnel training, and absence of internal control on patient information, various cases of data breaches have resulted mainly in medical identity theft. But with the appropriate efforts and initiatives, the patient registry software market is expected to propel growth opportunities in the forthcoming years.

Patient Registry Software Market: Key Trends

There has been increased adoption of electronic health records and some other HCIT solutions. This adoption is considered a positive indicator for the market growth of the patient registry software. This is due to the functionality of the patient registry software that is included or available as the add-on for various EHR products. Further, the authorities from different countries are also concentrating on the adoption of EHR solutions for their healthcare systems for the improvement of healthcare services.

The rapid application of EHR in developing and developed countries has been resulting in easy collection along with the storage of the health information of patients in the digital form. In addition to this, this adoption is also useful to increase patient participation and improve patient care. This transition to electronic records from paper-based records is anticipated to propel demand opportunities in the patient registry software market.

Patient Registry Software Market: Competitive Dynamics and Key Developments

The prominent players operating in the patient registry software market are incorporating various strategies in order to fuel growth avenues in the upcoming years. Strategic collaborations, mergers, product approvals, partnerships, geographical expansion, novel product launches, and acquisitions are applied by the major companies in order to generate expansion opportunities in the market.

For instance, ESO Solutions has formed a partnership with Virginia EMS Systems in March 2021. The motive of this partnership is to deliver a statewide trauma registry and statewide EMS data repository in order to collect and analyze data for the revelation of key trends and insights.

Some key players in the global patient registry software market include:

  • Syneos Health
  • Dacima Software, Inc.
  • Premier, Inc.
  • Optum, Inc.
  • OpenText Corporation
  • IQVIA Holdings
  • IBM Corporation

Patient Registry Software Market: Regional Assessment 

The patient registry software market is spread around different geographical areas around the world, such as Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa. Among these, the Asia Pacific region is likely to hold a significant share in the market during the forecast period. This increasing market growth can be attributed to the growing demand for EHRs and the rapid development of medical tourism in Asian countries. Further, improvements in the healthcare systems, increasing awareness about EHRs benefits, and rising incidences of chronic diseases. In addition to this growing count of government initiatives, healthcare infrastructure modernization and a rising number of research activities are also fueling growth impetus in the market.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?