Growth Opportunities and Trends in the Personal Health Record Software Market: Key Insights for 2025-2034
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How has the personal health record software market grown in recent years?
The personal health record software market has witnessed strong expansion, growing from $10.14 billion in 2024 to $11.09 billion in 2025, with a CAGR of 9.4%. Growth was driven by market demand, government initiatives, integration with traditional record-keeping, chronic disease management, and consumer demand for accessible healthcare information.
How is the personal health record software market size expected to evolve during the forecast period?
The personal health record software market is projected to experience significant growth, reaching $16.09 billion in 2029 with a CAGR of 9.8%. This expansion is driven by increasing efforts to centralize and streamline healthcare data, growing initiatives for patient-centric care, and rising consumer awareness and adoption. Key trends include government-backed patient-centric care initiatives, enhanced awareness of medical information storage, and the growing need for efficient healthcare data management.
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Which key drivers are propelling the personal health record software market’s growth?
The surge in need for digital health applications is anticipated to fuel the personal health record software market’s expansion. These digital health applications integrate technology and digital tools into healthcare to enhance effectiveness, accessibility, quality, and patient results. Personal health record software is utilized in this realm to provide the patient with control, coordinate care, advance clinical decisions, and foster improved health results. For example, a report by the Department of Health and Social Care, a UK government agency, stated in June 2022 that it’s estimated that 90% of NHS trusts will have adopted electronic health records by December 2023 and full implementation will reach 100% by March 2025. Moreover, by March 2024, it’s projected that 80% of adult care providers registered with the Care Quality Commission (CQC) would have shifted to digital care records. Additionally, projections for 2024 estimate that 75% of adults will have signed up for the NHS App, with 68% (more than 30 million people) already registered by March 2023. Therefore, the accelerating demand for digital health apps is catalyzing the expansion of the personal health record software market.
What are the market segments in the personal health record software industry?
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 leading companies are shaping the growth of the personal health record software market?
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
What key trends are currently impacting the personal health record software market’s development?
The major players in the personal health record software market are now focusing on enhancing their software with AI advancements like AWS HealthScribe due to the considerable advantages of integrating AI into healthcare software solutions. AWS HealthScribe, a generative AI service that automatically generates clinical documentation from clinician-patient dialogues, was recently introduced by Amazon Web Services, a US-based cloud solutions provider, in July 2023. Aimed at HIPAA-eligible service providers, this platform is intended to assist healthcare software developers in building clinical applications that utilize speech recognition and AI capabilities to create initial clinical notes from physician-patient discussions. The ultimate objective is to speed up the clinical documentation process, improve consultation efficiency, and escalate the efficiency of medical scribe workflow. These advanced features are specifically tailored to assist healthcare software vendors in crafting clinical applications that leverage speech recognition and AI capabilities, thereby enhancing consultation productivity and augmenting medical scribe workflow effectiveness.
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Which geographic areas 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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