How the Personal Health Record Software Market is Positioned for Growth: Trends, Market Size, and Future Opportunities (2025-2034)
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Industry-Specific Factors Are Fueling the Growth of thePersonal Health Record Software Market?
The anticipated surge in the adoption of digital health solutions is poised to drive the expansion of the personal health record software market. This refers to the incorporation of technology and electronic devices into the provision of healthcare services, enhancing efficiency, access, service quality, and patient outcomes. Personal health record software offers patients more control, improves care coordination, optimizes clinical decision making, and fosters better health results. For example, a June 2022 report from the Department of Health and Social Care, a UK government department, predicted that 90% of NHS trusts would have applied electronic health records by December 2023, reaching full implementation by March 2025. Moreover, by March 2024, it’s predicted that 80% of adult care providers registered with the Care Quality Commission (CQC) will have switched to digital care records. As well, 75% of adults are expected to register for the NHS App by 2024, with over 30 million individuals, or 68%, projected to do so by March 2023. Consequently, the burgeoning demand for digital health solutions is fueling the expansion of the personal health record software market.
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#What is the Projected CAGR for the Personal Health Record Software Market Size from 2025 to 2034?
The market size of personal health record software has experienced substantial growth in the last couple of years. The market will see an increase from $10.14 billion in 2024 to $11.09 billion in 2025 with a Compound Annual Growth Rate (CAGR) of 9.4%. The historic period growth can be linked to factors such as market supply and demand, governmental actions, assimilation with conventional record maintenance, escalated management of chronic illnesses, and the public’s increasing demand for readily available healthcare information.
Expectations are that the personal health record software market will witness substantial expansion in the coming years. With a compound annual growth rate (CAGR) of 9.8%, its market size is projected to reach $16.09 billion by 2029. Several factors account for this growth, including the mounting demand for the consolidation and organization of health information, the rise in initiatives encouraging care focused on the patient, and greater awareness and acceptance among consumers. The forecast period will also see significant trends such as an increase in government initiatives pushing for patient-centered care, a surge in the need to centralize and organize healthcare data, and heightened patient consciousness about medical data storage and management.
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What Key Market Trends and Innovations Are Shaping the Future of thePersonal Health Record Software Industry?
Leading companies in the personal health record software market are dedicating resources to AI advancement software such as AWS HealthScribe, recognizing the significant advantages of integrating AI into healthcare software solutions. AWS HealthScribe, a novel AI-driven service that automatically generates clinical documentation from patient-practitioner dialogues, was launched by Amazon Web Services, a US-based cloud-based solutions provider, in July 2023. This HIPAA-compliant service is tailor-made to assist healthcare software firms in developing clinical applications that use speech recognition and generative AI to generate initial clinical notes from physician-patient interactions. The purpose of this service is to expedite clinical documentation, increase consultation productivity and improve the efficiency of medical scribe workflows. Furthermore, these characteristics are meant to help healthcare software developers craft clinical applications that use speech recognition and generative AI to create initial clinical notes, hence improving consultation productivity and increasing the efficiency of medical scribe workflows.
Which Companies Are Leading the Charge in Expanding thePersonal Health Record Software Market Growth?
Major companies operating in the personal health record software market report are GE Healthcare, Cerner Corporation, Allscripts, eClinicalWorks, Athenahealth, NextGen Healthcare, Meditech, Greenway Health, CareCloud Inc., Kareo, Zapbuild, E-MDs Inc., SoftClinic Software, Practice Fusion Inc., AdvancedMD, Practice Fusion, HealthFusion, CureMD, Epic Systems Corporation, NoMoreClipboard, Amazing Charts, Validic Inc., Health Companion, Patient Ally, Healthspek, 75Health (Kaaspro), Knapsack Health, Records For Living Inc., DrChrono, ChARM Health
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How is the Global Personal Health Record Software Market Segemented?
The personal health record software market covered in this report is segmented –
1) By Component: Software And Mobile Applications, Service
2) By Deployment: Cloud-Based, Web-Based
3) By Architecture: Payer-Tethered, Provider-Tethered, Standalone
Subsegments:
1) By Software And Mobile Applications: Personal Health Record (PHR) Software, Mobile Health (Mhealth) Apps, Cloud-Based Health Record Systems
2) By Service: Implementation Services, Maintenance And Support Services, Training And Consulting Services
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Which Geographics are Influencing the Growth of the Personal Health Record Software Market?
North America was the largest region in the personal health record software market in 2024. The regions covered in the personal health record software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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