The Global Patient Registry Software Market is expected to register a CAGR of 11.08% during the forecast period with a market value of USD 1,998.83 Million till 2025.
Patient registry software is an organized system that utilizes observational study methods for collecting clinical as well as non-clinical patient data for evaluation of specified outcomes for a population that is defined by a particular disease, condition, or exposure, and that serves a predetermined clinical, scientific, or policy purposes.
The high adoption rate of electronic health records and increasing use of patient registry data for post-marketing surveillance is anticipated to drive the market growth of the global patient registry software market. However, privacy and data security-related concerns are expected to restrict the market growth.
Global Patient Registry Software Market: Segmental Analysis
The global patient registry software market has been segmented on the basis of deployment model, software, type of registry, and end user.
By mode of software, the global patient registry software market has been segmented into standalone and integrated. Among these, the integrated software is estimated to project the largest market share.
By mode of deployment model, the global patient registry software market has been segmented into on-premise model and cloud-based model. Among these, the cloud-based model is expected to occupy the largest market share owing to its increased adoption throughout the assessment period.
By mode of type, the global patient registry software market has been segmented into disease registries and product registries.
By mode of end-users, the global patient registry software market has been segmented into hospitals & medical centers, pharmaceutical & medical device companies, government & non-government agencies, and others. Among these, the pharmaceutical & medical device companies’ segment is estimated to occupy the largest share in the market.
Geographically, the patient registry software market span across regions namely, Europe, America, Asia-Pacific, and the Middle East & Africa.
Considering the global scenario, the American region is considered to dominate the global patient registry software market. The growth is credited to the increased use of patient registry data for post-marketing surveillance, the presence of well-established players, and surging adoption EHRs in this region. Moreover, the increased number of registered hospitals coupled with the growing number of patient visits for physical checkups are some of the major factors likely to drive the market in this region.
The Asia Pacific region is predicted to create new opportunities for the market. Several initiatives undertaken by the government in order to enhance population health management is driving the market growth in this region. Moreover, the rising pressure of the government on the healthcare organizations in order to minimize the cost of healthcare and improve the quality of care is estimated to foster the market growth in this region.
On January 2018, a leading innovator in EDC technology named Dacima Software, Inc. announced that they have signed a contract with the Derby Teaching Hospital and have been awarded an RFP in the U.K. for the use of Dacima’s Electronic Data Capture software.
The prominent players operating in the patient registry software market are Liaison Technologies. (US), Phytel Inc. (US), IFA systems AG (Germany), QUINTILES IMS HOLDINGS INC. (US), FIGmd Inc. (US), McKesson Corporation (US), ImageTrend Inc. (US), Dacima Software Inc. (US), CECity.com Inc. (US), and Global Vision Technologies Inc. (US).
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