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What key factors are powering the surge in the patient registry software market right now?

In the past few years, the size of the patient registry software market has experienced speedy growth. The market, which is projected to jump from $2.46 billion in 2024 to $2.81 billion in 2025, is expected to display a compound annual growth rate (CAGR) of 14.4%. This growth during the historical period can be traced back to factors such as healthcare research and clinical trials, government-led efforts to monitor and control diseases, the use of electronic health records (ehrs), an increase in chronic diseases, and the necessity for quality reporting and performance measurement.

How fast Is the patient registry software market expected to grow, and what’s its future value?

The patient registry software market is projected to experience a notable expansion in the coming years, with its worth skyrocketing to $5.14 billion in 2029, reflecting a compound annual growth rate (CAGR) of 16.3%. This anticipated surge over the forecast period hinges largely on numerous influential factors such as the incorporation of artificial intelligence and big data in healthcare studies, the production of real-world evidence, the assimilation of genomic and precision-based medical data, the implementation of mobile and cloud-dependent registry solutions, and certain regulatory specifications for data procurement. Emerging trends during this forecast period are expected to include the adoption of a patient-centric approach towards data accumulation, the integration of wearable technology and IoT apparatus, standardization and interoperability of data, utilization of blockchain for secure data transmissions, and integration of telehealth as well as remote monitoring facilities.

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What are the leading drivers of growth in the patient registry software market?

The increasing use of electronic medical records (EMRs) is fuelling the expansion of the patient registry software market. An EMR, a digital version of a patient’s health history on paper, can assist with actions such as billing, inter-practice referrals, setting up appointments, and refilling prescriptions. EHR and EMR products often feature patient registry software as a supplementary feature, thus boosting its market. The Office of the National Coordinator for Health Information Technology, a US federal agency, reported that about 60% of people, equating to 3 out of 5 individuals, accessed their digital health records or patient portals in 2022 as per data released in October 2023. The frequency of access has been consistently rising. Earlier in April 2022, the same agency reported that nearly 78% of office-based doctors and close to 96% of non-federal acute care hospitals had adopted certified electronic health records (EHR) by 2021. Consequently, the growing use of electronic medical records is propelling the patient registry software market forward.

What are the key segments defining the patient registry software market?

The patient registry software market covered in this report is segmented –

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

Subsegments:

1) By Standalone Software: Disease-Specific Registries, Patient-Centered Registries, Research Registries, Population Health Registries

2) By Integrated Software: Electronic Health Record (EHR) Integrated Software, Practice Management System (PMS) Integrated Software, Clinical Decision Support System (CDSS) Integrated Software, Health Information Exchange (HIE) Integrated Software

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Who are the key players steering the development of the patient registry software market?

Major companies operating in the patient registry software market include Armus Digital Pvt. Ltd., Dacima Software Inc., Evado Clinical, Global Vision Technology Co. Ltd., Gz Technology Pvt. Ltd., Healthmonix LLC, Imagetrend Inc., QVIA Holdings Inc., Lumedx Healthcare Technologies Private Limited, M2s Industries Private Limited, Mckesson Corporation, Opentext Corporation, Optum Health & Technology Private Limited, Phytel Inc., Premier Inc., Syneos Health Inc., Telligen Inc., Advarra Inc., Advera Health Analytics, ArborMetrix Inc., EResearch Technology, FIGmd Inc., Flatiron Health Inc., Healex Systems Ltd., IFA Systems AG, Liaison Technologies Inc., Medrio Inc., Molecular Corp., OM1 Inc., Open Registry, Orion Health Corp., PatientCrossroads, PatientRegistry

What emerging trends are influencing the growth of the patient registry software market?

Innovations in product development are becoming increasingly common trends in the patient registry software market. Many major businesses that operate within this industry are investing heavily in the creation of innovative solutions to help consolidate their market position. For example, in January 2022, Seqster PDM Inc., a US healthcare firm that creates detailed patient record systems, teamed up with the National Pancreas Foundation. The collaboration is an effort to design a registry software that collects information through remote monitoring devices. This partnership intends to make use of Seqster’s technology that merges patient data from wearable or remote monitoring devices, genomic DNA tests, and electronic health records in real time. Seqster’s platform amasses patient data from an array of sources, facilitating more comprehensive and synchronised care. The National Pancreatic Cancer Foundation (NPCF) is an independent non-profit entity providing support for those dealing with pancreatic cancer.

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Which regions are most influential in expanding the patient registry software market?

North America was the largest region in the patient registry software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the patient registry software market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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