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The patient registry software market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 13%, as per The Business Research Company’s market report!

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The Patient Registry Software Market Size In 2022 And Forecast

The global patient registry software market is expected to grow from $1.56 billion in 2021 to $1.80 billion in 2022 at a compound annual growth rate (CAGR) of 15.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The patient registry software market is expected to grow to $2.96 billion in 2026 at a CAGR of 13.2%.

The patient registry software market consists of sales of patient registry software by entities (organizations, sole traders, and partnerships) that are used to collect information about a patient’s diagnosis or condition, as well as the number of new medical equipment that is being used or going through a new process.

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Rise In Adoption Of Electronic Medical Records Is Driving The Growth Of The Patient Registry Software Market

For instance, in 2021, according to a UK-based intergovernmental organization, the Organization for Economic Co-operation and Development (OECD), 93% of primary care practices across 24 OECD countries use EMRs. Therefore, the rising adoption of electronic medical records will drive the growth of the patient registry software market.

Competitive Landscape And The Regional Analysis Of The Patient Registry Software Market

Major players in the patient registry software market are IFA Systems AG, Imagetrend Inc., IQVIA Holdings Inc., Lumedx Healthcare Technologies Private Limited, M2s Industries Private Limited, Mckesson Corporation, Opentext Corporation, Optum Health & Technology Private Limited, Syneos Health Inc., Phytel Inc, Dacima Software Inc., Evado Clinical Software, Telligen Inc., Global Vision Technology Co. Ltd., Armus Digital Pvt. Ltd., AltaVoice, Gz Technology Pvt. Ltd., Healthmonix, and Premier Inc.

Additionally, as per TBRC’s research – North America was the largest region in the patient registry software market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The Patient Registry Software Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the patient registry software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the patient registry software market.

Product Innovations – A Key Trend In The Patient Registry Software Market

Major companies operating in the patient registry software sector are focused on developing new product innovations to strengthen their position in the market.

Patient Registry Software Market Segmentation By The Business Research Company

1) By Product: Standalone Software, Integrated Software

2) By Type of Database: Disease Registries, Health Service Registries, Product Registries

3) By Deployment Model: On-Premise Models, Cloud-Based Models

4) By Functionality: Population Health Management (PHM), Patient Care Management, Health Information Exchange (HIE), Point Of Care, Product Outcome Evaluation, Medical Research And Clinical Studies

5) By End User: Government Organizations And Third-Party Administrators, Hospitals And Medical Practices, Private Payers, Pharmaceutical, Biotechnology, And Medical Device Companies, Research Centers

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