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Patient Registry Software Market By Type (Diabetes, Cancer, Rare Diseases, CVD, Orthopedic, Drugs, Device), Delivery (On Premise, Cloud), Functionality (PHM, HIE, POC, Research), Database (Public, Commercial), Pricing Model, End User - Global Forecast To 2023
Report ID: MRHC - 10413 Pages: 253 Jul-2018 Formats*: PDF Category: Healthcare Delivery: 2 to 4 Hours Download Free Sample ReportThe Patient Registry Software Market is expected to grow at a CAGR of 11.0% from 2018 to 2023 to reach USD 1.49 billion by 2023.
The global healthcare industry is under constant pressure to reduce costs and more efficiently manage resources while improving patient care. In addition, rising prevalence of chronic diseases, aging population, changing consumer expectations about how they want to purchase and receive care, and increasing access to social media and mobile technologies are transforming the way healthcare is obtained and delivered. Payment models and healthcare systems in many countries are also evolving from a fee-for-service approach to an outcome-based or accountable-care approach that requires access to more accurate data to document and track results.
Healthcare organizations need advanced tools to quickly and effectively manage the health of populations. Patient registry act as an indispensable tool for the success of population health management. This is because registries collect health information about individuals from multiple sources and enhance health professionals’ knowledge and understanding about a particular condition, help providers design better treatment plans and assist in building targeted population health programs.
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The shift to value-based payment and accountable care is creating a need for new longitudinal measures of quality and health outcomes across settings of care. This will require new health IT solutions beyond EHRs and intermediaries that will aggregate data, report measures and provide actionable feedback to providers in a rapid cycle fashion. Registries are being linked with EHRs to gain optimum insights for quality improvement, evidence generation and public reporting. Moreover, according to National Institutes of Health (NIH), data collected through patient registries are increasingly relied by regulatory agencies and other stakeholders to support their decision-making.
Key Findings in the Patient Registry Software Market Study:
Disease Registries Dominate the Global Market
Disease registries find significant application in population health management. Patient registry software is widely used for disease registries owing to rising aging population, increasing the prevalence of chronic as well as rare diseases, and government initiatives to build disease-specific nation-wide patient registries. According to World Health Organization (WHO), an estimated 17.7 million people died from CVDs globally in 2015, representing 31% of all global deaths. Cardiovascular disease registries comprised the largest share in 2017, primarily attributed to a significant burden of cardiovascular disorders and implementation of registries to optimize cardiovascular health.
North America to Witness Fastest Growth
Geographically, the market is segmented into North America (U.S., and Canada), Europe (Germany, France, U.K., Italy, Spain, and RoE), Asia-Pacific (Japan, China, India, and RoAPAC), Latin America, and Middle East & Africa. North America dominates the global patient registry software market and is also estimated to be the fastest growing region due to factors such as increasing government support for the development and implementation of patient registry software for population health management (PHM), point-of-care management, and health plan management. In addition, Europe is the second largest market. The major driving factor for this region is an encouragement for the development of national patient registries in each country for centralized and global patient registries. Furthermore, the availability of funding to create global patient registries is another important factor driving the growth of patient registry software market in Europe.
Key Players
The report includes competitive landscape based on an extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 4 years (2015-2018). The key players profiled in the global patient registry software market research report are Phytel, Inc. (An IBM Corporation Company) (U.S.), Quintiles IMS Holdings, Inc. (U.S.), Liaison Technologies. (U.S.), ImageTrend, Inc. (U.S.), FIGmd, Inc. (U.S.), McKesson Corporation (U.S.) (Change Healthcare), CECity.com Inc. (U.S.) (A Premier, Inc. Company) , Dacima Software Inc. (U.S.), Global Vision Technologies, Inc. (U.S.), ifa Systems AG, (Germany), and Optum, Inc. (A part of UnitedHealth Group Inc) (U.S.) among others.
Scope of the Study
Market, by Registry type
Market, by Software Type
Market, by Pricing Model
Market, by Deployment Model
Market, by Database Type
Market, by Functionality
Market, by End User
Market, by Geography
Key questions answered in the report:
Hospitals and medical centers are driving the adoption of Patient Registry Software
Population Health Management is the fastest growing application/functionality segment of the Patient Registry Software market
The North American region is the largest market for patient registry software and includes various global and local players competing in multiple segments
Recent new product launches, partnerships, agreement, expansions, acquisitions that have taken place in the patient registry software space
Published Date: Jun-2024
Published Date: Mar-2024
Published Date: Sep-2016
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