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What Long-Term Growth Rate is Expected for the Patient Registry Software Market Between 2025 and 2034?

The market size for patient registry software has seen a swift expansion in the recent past. The market is predicted to increase from $2.46 billion in 2024 to $2.81 billion in 2025, showing a compound annual growth rate (CAGR) of 14.4%. This substantial growth during the historical period is credited to factors such as healthcare research and clinical trials, government-led efforts for disease tracking and management, the implementation of electronic health records (EHRs), a rise in chronic disease incidences, along with the need for quality reporting and performance measurement.

The market size for patient registry software is predicted to experience a significant increase in the coming years, potentially reaching $5.14 billion in 2029 with a compound annual growth rate (CAGR) of 16.3%. Various factors driving the growth during this forecast period include the use of big data and AI in healthcare research, real-world evidence generation, data integration from genomic and precision medicine, mobile and cloud-based registry solutions and data collection regulations. Looking ahead, the forecast period is also expected to be characterized by important trends such as patient-driven data collection, wearables and IoT devices integration, data interoperability and standardization, use of blockchain for secure data sharing, as well as telehealth and remote monitoring integration.

What Strategic Factors Are Influencing the Accelerated Growth of the patient registry software Market?

The increasing use of electronic medical records (EMRs) is a key driver for the expansion of the patient registry software market. An EMR, which is basically the electronic version of the patient’s paper chart, effectively aids in billing, referrals between practices, appointment setting, and prescription renewals. This functionality of patient registry software is often integrated as a supplementary feature in EMR and EHR products, thereby fuelling the growth of the patient registry software market. As per the information released by the Office of the National Coordinator for Health Information Technology, a federal agency in the USA, in October 2023, about 60%, equivalent to 3 out of 5 people, utilized online medical records or patient portals in 2022, with the frequency of usage constantly increasing. Furthermore, data from the same agency in April 2022 reveals that approximately 78% of office-based doctors and nearly 96% of non-federal acute care hospitals had adopted certified electronic health records (EHR) by 2021. Hence, the escalating adoption of electronic medical records will continue to stimulate the growth of the patient registry software market.

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What Are the Key Firms That Are Driving Transformation in the Patient Registry Software Market?

Major companies operating in the patient registry software market include:

• Armus Digital Pvt. Ltd._x000D_

• Dacima Software Inc._x000D_

• Evado Clinical_x000D_

• Global Vision Technology Co. Ltd._x000D_

• Gz Technology Pvt. Ltd._x000D_

What Current Trends in the Patient Registry Software Market Should Industry Players Pay Attention To?

Product innovation is a predominant trend in the patient registry software market, gaining significant traction. Many prominent companies within this sector are placing their focus on creating new product innovations in order to consolidate their market presence. In an example from January 2022, healthcare company, Seqster PDM, Inc., known for constructing comprehensive patient records, collaborated with the National Pancreas Foundation to create a registry software that collects data through distant monitoring devices. This collaboration plans to utilize Seqster’s technology to integrate patient information from wearable and remote monitoring devices, real-time genomic DNA tests, and EHR. The various sources of patient data collection contribute to more comprehensive and coordinated care. The nonprofit entity known as the National Pancreatic Cancer Foundation (NPCF) provides independent support for those battling pancreatic cancer.

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How Are the Key Segments of the Patient Registry Software Market Driving Opportunities and Innovations?

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

What Regions Are Driving Expansion in 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.

How Is the Patient Registry Software Market Categorized and Defined in the Industry?

Patient registry software refers to a structured system for gathering non-clinical or clinical patient data to evaluate certain outcomes using observational study methodologies.

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