Global Patient Registry Software Market is poised to grow at a decent CAGR of 11 to 14% by 2027

A patient registry is an organized platform which is often used to collect uniform data from a queue of patients who suffer from a common disease or who share a common medical treatment. It is a complex methodology which answers all the research questions for population-related research. The patient registry database helps all the healthcare service providers to examine the results of a clinical study, or a medical treatment, or for tracking an implant in a patient.

Covid-19 Pandemic Triggers the Growth of the Patient Registry Software Market

During Covid-19 pandemic, patient registry became a major platform to monitor the trends in vaccination clinical trials. Due to strict government regulations in hospitals, clinical trials came to a halt. The major advantages of patient registry software is the comparative ease of tracking patient data.

Governments in all the leading and developed regions such as United States had utilized the patient registry software to support and implement countrywide tracking and reporting of any infections or immunization. There was a sudden growth in the application of patient registry software, for tracking patient data, vaccine supply information, and maintaining other health records. The patient registry software allowed Covid-19 cases to be managed systematically across multiple agencies and companies.

Rising Cases of Chronic Diseases, Global Application of Electronic Health Records and eHealth Solutions, Positive Government Initiatives and Rising Application Horizon of the Patient Registry Software Triggers the Global Market's Growth

An increasing cases of chronic diseases, global adoption of EHR and eHealth solutions, and favorable initiatives undertaken by the government to implement patient registry software in most of the segments of healthcare are some of the major factors driving the growth of the global patient registry software market. The application horizons of the patient registry software changing every day. These registries are designed to support clinical research and medical adherence analysis, post-marketing surveillance and proper management of medical devices.

The rapid growth in the number of chronic diseases has led to a significant surge in the investments for R&D activities, thus enhancing the number of clinical trials. Patient registries play a crucial role in the healthcare and clinical research analysis. The patient registry software is used to examine the results of a clinical trial.

Upcoming Market Challenges: Global Patient Registry Software Market

Upcoming challenges which may impact the growth of the global patient registry software market is an inconsistent data collection format which has led to the shortage of an interoperability and integration in patient registries. Patient data security and the shortage of experienced professionals are the major factors which can impact the growth of the patient registry software market.

North America Holds the Largest Market Share in the Global Patient Registry Software Market

North America holds the largest market share in the global patient registry software market. This can be mainly attributed to the favourable government initiatives to implement patient registries in different clinical studies, awareness of health management programs, presence of all the leading market players, and well-developed healthcare system in North America. The market growth in the Asia-Pacific region is driven by an increasing cases of chronic diseases due to the growing population.

The rapid growth in the demand to enhance the healthcare system and decrease its costs, growing demand for EHRs, promising medical tourism segment and rising awareness on the key advantages of Electronic Health Records is poised to trigger the market's growth in Asia-Pacific regions.

Competitive Landscape Analysis: Global Patient Registry Software Market

Some of the key and emerging players operating in the global patient registry software market are as follows: -

  • IBM Corporation
  • IQVIA Holdings
  • OpenText Corporation
  • Optum
  • ArborMetrix Inc.
  • FIGmd
  • Dacima Software Inc.
  • ImageTrend Inc

The global patient registry software market is set to witness a healthy growth in the upcoming years due to an increasing cases of chronic diseases, the growing need to digitalize health care records, growing investments in R&D and the number of clinical trials, and efficient growth strategies adopted by the top market players.

Get Detailed Insights on Patient Registry Software Market with a Sample Report PDF @ https://meditechinsights.com/patient-registry-software-market/

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