The words “digital health” projects the healthcare technologies which enables the consumes to transmit and receive digital health-related data that can be used to administrate or improve health care services. Over the past couple of decades, need for extensive secondary and primary research related to Health Management, Patient Care Management, Health Information Exchange (HIE) and many others have increased, which will ultimately lead to global business growth of patient registry software. These registry databases are used to develop clinical research in the field of rare and chronic diseases for the improvement of patient care. These databases are extremely vital in assessing the feasibility of clinical trials as well as patient enrollment procedures. In addition to this, the cloud-based systems have increased the availability of patient registries, it has also enabled the users to design and generate application based data.
According to AMA, the market for Patient Registry Software is expected to register a CAGR of 11.12% during the forecast period to 2027. This growth is primarily driven by Upsurging Use of Electronic Health Records (EHR) and Growing Need to Technologically Automate and Enhance the Quality of Care.
Globally, a noticeable market trend is evident Increased Use of IoT Based Patient Management and Registry Software
. The Application Software sector in the North Amercia region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Phytel, Inc. (IBM) (United States), QUINTILES IMS HOLDINGS, INC. (United States), Liaison Technologies. (OpenText) (United States), ImageTrend, Inc. (United States), FIGmd, Inc. (United States), McKesson Corporation (United States), CECity.com Inc. (a Premier, Inc. Company) (United States), Dacima Software Inc. (United States), Global Vision Technologies, Inc. (United States) and ifa systems AG, (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On December 17, 2018, a global leader in Enterprise Information Management (EIM), "OpenText" has acquired a leading provider of cloud-based information integration and data management solutions, "Liaison Technologies, Inc.". The acquisition of Liaison extends the OpenText Business Network and Cloud leadership and provides new technologies for customers to build application networks in the dynamic world of mobile, cloud, SaaS, and Omnichannel.
In 2009, the Health Information Technology for Economic and Clinical Health (HITECH) Act was introduced by the government of the United States to promote the adoption of electronic health records (EHRs) and digital healthcare services. The HITECH Act prompted healthcare organizations to implement EHR systems by offering an incentive program to eligible, short-term acute care hospitals. The HITECH Act of 2009 was an ambitious policy effort to increase the adoption of EHRs.
- Upsurging Use of Electronic Health Records (EHR)
- Growing Need to Technologically Automate and Enhance the Quality of Care
- Increased Use of IoT Based Patient Management and Registry Software
- Accelerating the use of Artificial Intelligence and Data Visualization
- Data Privacy and Data Theft Related Factors might Stagnate the Demand
- Generated Database can be Viewed through the Same Platform
Escalating Demand for Cloud-Based and Highly Automated Patient Registry Software and Rising Healthcare Infrastructure and Increasing Support from Government Healthcare Institutes
Lack of Awareness about Digital Healthcare Industries in Underdeveloped Regions and Might Take Longer Time to Integrate the Patient Registry Software with Existing Systems
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Patient Registry Software Study Sheds Light on
The Patient Registry Software Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Patient Registry Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Patient Registry Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.