USD 1.40 billion
Report ID:
SQMIG35G2254 |
Region:
Global |
Published Date: October, 2024
Pages:
219
|Tables:
91
|Figures:
76
Patient Registry Software Market size was valued at USD 1.87 Billion in 2023 and is poised to grow from USD 2.15 Billion in 2024 to USD 6.57 Billion by 2032, growing at a CAGR of 15.02% during the forecast period (2025-2032).
Rising incidence of chronic and rare diseases around the world and increasing adoption of value-based care models are projected to bolster the demand for patient registry software in the future. Growing demand for real-world evidence for medical research is also expected to promote the adoption of patient registry software over the coming years. Increasing efforts of governments to support the development of new patient registries to improve population health management are also expected to create new opportunities for patient registry software providers going forward. High adoption of advanced analytics and artificial intelligence technologies in healthcare are also forecasted to bolster patient registry software market growth in the long run. Moreover, the rising use of cloud platforms in healthcare is also expected to boost the use of cloud-based patient registry software through 2031. On the contrary, high costs of implementation, lack of standardization of healthcare IT systems, and data privacy and security concerns are estimated to be key constraints for patient registry software market outlook across the forecast period.
Global Market Size
USD 1.40 billion
Largest Segment
Cloud-Based Solutions
Fastest Growth
Cloud-Based Solutions
Growth Rate
15% CAGR
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Global Patient Registry Software Market is segmented by Type of Registry, Type of Software, Type of Database, Pricing Model, Deployment Model, Functionality, End-User and Region. Based on Type of Registry, the market is segmented into Disease Registries (Diabetes Registries, Cardiovascular Registries, Cancer Registries, Rare Disease Registries, Asthma Registries, Chronic Kidney Disease Registries, Orthopedic Registries, Other Disease Registries), Health Service Registries, Product Registries (Medical Device Registries, Drug Registries). Based on Type of Software, the market is segmented into Standalone Software, Integrated Software. Based on Type of Database, the market is segmented into Commercial Databases, Public Databases. Based on Pricing Model, the market is segmented into Subscription Model, Ownership Model. Based on Deployment Model, the market is segmented into On-Premise Model, Cloud-Based Model. Based on Functionality, the market is segmented into Population Health Management, Patient Care Management, Medical Research & Clinical Studies, Health Information Exchange, Point of Care, Product Outcome Evaluation. Based on End-User, the market is segmented into Government Organizations & Third-Party Administrators, Hospitals & Medical Practices, Private Payers, Pharmaceutical, Biotechnology, And Medical Device Companies, Research Centers. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Deployment
The demand for cloud-based patient registry software is projected to account for a dominant share of the global patient registry software industry. High affordability, scalability, and flexibility of cloud-based patient registry software are expected to make this a highly opportune segment for all market players in the future. Growing adoption of cloud platforms in the healthcare industry and advancements in cloud technologies are also cementing the dominance of this segment going forward. These solutions allow access to patient data anytime and anywhere, which also enhances the accessibility for healthcare companies in the future.
Meanwhile, the demand for on-premises patient registry software is projected to rise at an impressive CAGR from 2024 to 2031. Healthcare organizations with high emphasis on data privacy and security are slated to be prime adopters of on-premises patient registry software over the coming years. High control and flexibility over data offered by on-premises solutions allows it to gain popularity among different companies. On-premises patient registry software are also known to be more secure and safe from cyberattacks as they are usually not always connected to the internet or external networks. Better integration and customization are also offered by on-premises patient registry software.
Analysis by Type
Disease registries are estimated to account for a substantial patient registry software market share in the future. Growing prevalence of multiple chronic, infectious, and rare diseases around the world and increasing emphasis on data collection for all of them are expected to help this segment hold sway over others. Evaluating treatment effectiveness, monitoring trends, and recording patient outcomes to help promote research for various disease indications is the main purpose of disease registries, which makes them vital for any kind of healthcare research. Rising emphasis on improving population health management is also expected to bolster the demand for better and updated disease registries.
Meanwhile, the demand for health service registries is forecasted to increase at a robust pace over the coming years. Data related to hospital admissions, surgical procedures, and medication usage is stored in health service registries. These registries are expected to be highly vital in improving healthcare quality, efficiency, and patient safety going forward. Growing demand for better collaboration and efficiency in healthcare establishments and rising adoption of electronic health records (EHRs) are forecasted to create new opportunities for patient registry software companies targeting this segment going forward. Efforts of healthcare providers to improve patient outcomes and provide value-based care are also helping this segment to promote patient registry software adoption.
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North America is anticipated to account for a dominant share of the global patient registry software market. The presence of a developed healthcare infrastructure, high emphasis on healthcare digitization, and quick adoption of advanced technologies are allowing North America to lead the global patient registry software industry. Canada and the United States are expected to be highly opportune markets owing to high emphasis on improvement of patient outcomes in these countries. Growing investments in healthcare research and development in this region are also expected to bolster the demand for patient registry software going forward. The presence of leading patient registry software providers is also expected to further bolster the dominance of North America.
The Asia Pacific region is slated to emerge as the fastest growing market for patient registry software providers in the world over the coming years. Rising use of electronic health records, growing investments in healthcare infrastructure development, and rising incidence of chronic diseases are promoting the demand for patient registry software in this region. China, India, and Japan are slated to be key markets owing to high investments in medical R&D in these countries. Efforts of governments in this region to improve population health management and boost healthcare digitization are also slated to promote the adoption of patient registry software in the Asia Pacific through 2031 and beyond.
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Global Patient Registry Software Market Drivers
Need for Real-World Evidence (RWE)
High Incidence of Chronic Diseases
Global Patient Registry Software Market Restraints
High Costs of Implementation
Lack of Standardization
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Creating solutions and systems that can be easily integrated with the current healthcare ecosystem should be the prime focus of patient registry software companies going forward. Patient registry software providers should focus on developing affordable solutions to maximize their business in all parts of the world. Patient registry software companies can also focus on collaborations and partnerships to widen their business horizons around the world.
Top Player’s Company Profiles in Global Patient Registry Software Market
Global Patient Registry Software Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the growing need for real-world evidence in healthcare research and rising incidence of chronic diseases are estimated to boost the adoption of patient registry software over the coming years. However, high costs of implementation and lack of standardization in the healthcare IT ecosystem are forecasted to slow down patient registry software demand outlook in the future. The presence of a developed healthcare infrastructure allows North America to spearhead the global patient registry software market growth. Integration of artificial intelligence and the creation of rare disease registries offer lucrative business scope for patient registry software providers in the long run.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1.62 billion |
Market size value in 2031 | USD 5.71 billion |
Growth Rate | 15.02% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Patient Registry Software Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Patient Registry Software Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Patient Registry Software Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Patient Registry Software Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35G2254
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