Global Patient Registry Software Market Size, Segmentation, Trends and Growth Analysis Forecast by 2030

  •   DLR4861
  •   February, 2024
  •   Pages: 150
  •  Global

Patient Registry Software Market Analysis and Size :

The patient registry software market is currently valued at USD 4.4 billion in 2022 and is expected to witness a CAGR of 11.8% during the forecast period 2023-2030.

A patient registry is an organized system that uses observational research methods to collect data for the scientific assessment of patient outcomes. It acts as a database for the system, and hence all the important information related to hardware and software is stored in the registry. The configuration settings, information about the applications, users using the software, and related data are stored in the registry.

The factors that are driving the market growth include the implementation of government initiatives to build patient registries, the rising adoption of electronic health records (EHR), and the increasing use of patient registry data for post-marketing surveillance.

Patient Registry Software Market Latest Trends:

The increase in usage of the stored data for post-marketing surveillance and the surge in government initiatives to build patient registries helps to increase the patient registry software market growth. However, concerns related to the lack of maintenance of important private data security and privacy of the data and the dearth of skilled resources hinder the growth of patient registry software market size. Conversely, the patient registry software market opportunity includes trends like an increase in awareness regarding technologies.

Segmentation :

The Patient Registry Software Market is Segmented

By Type of Registry

  • Disease Registries
  • Health Service Registries
  • Product Registries 

Type of Software :

  • Stand-alone Software
  • Integrated Software

End User

  • Hospitals
  • Government Organizations
  • Third Party Administrators (TPAs)
  • Pharmaceutical
  • Biotechnology
  • Medical Device Companies
  • Other

Geography

  • North America
  • Europe
  • Asia – Pacific
  • Middle East
  • Africa
  • South America

The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.

Driver & Restraints :

Implementation of Government Initiatives to Build Patient Registries

Patient registries, which were designed for patients with sharing characteristics (diagnosis, implanted device, therapy, risk of developing a disease), have for decades served as an important source of the data needed to assess clinical performance, provide health technology assessment, or assess policy implications on a local, regional, national and in some cases international level. As a result, hundreds of registries have been set up, ranging from paper-based spreadsheets in a physician’s office to international rare disease initiatives coupling clinical and genetic data as well as bio-banks.

Rising Adoption of Electronic Health Records (EHR)

In December 2022, Charles River Community Health is pleased to announce we will be transitioning to the Epic Electronic Health Records (EHR) system.  Epic will provide patients with improved care and access to a new, online patient portal.  CRCH is part of a larger group of 12 area community health centers known as the Community Technology Collaborative that will be switching to Epic in December, a patient-centered platform that features a single, fully integrated system that will help us better manage patient care.

Restraints :

Privacy and Data Security-related Concerns and Lack of Trained and Skilled Resources

Systemic concerns about the privacy of patient-specific health information are generally rooted in the use of such information in a manner that acts against the interests of the individual patient involved. These interests may involve specific identifiable adverse consequences such as increased difficulty in obtaining employment or insurance or less tangible ones such as personal embarrassment or discomfort.

In order to understand how public concerns about such use arise, it is helpful first to examine the exchanges of health information throughout the health care system. Thus, the growing concerns over technical attacks by outsiders are rising in a number of other industry sectors and the government is slowing down the growth of the studied market.

Covid - 19 Impact on Patient Registry Software Market

Patient registries played an important tool in understanding the course and evolution of COVID-19 and the rapid speed of transmission of the disease. Moreover, Covid registries will accumulate data from all over the world and help people across the world to understand why some geographical areas may be affected more than others and how age and gender play a role in the onset and treatment of the disease. This would also help understand the short-term and long-term effects of COVID-19, like memory loss, hair fall, inflammation, and organ damage. Thus, the demand for patient registry software increased over the forecast period.

Segmental Analysis :

Disease Registry Segment is Expected to Witness Significant growth Over the Forecast Period

Disease or patient registries are collections of secondary data related to patients with a specific diagnosis, condition, or procedure, and they play an important role in post-marketing surveillance of pharmaceuticals. Registries are different from indexes in that they contain more extensive data.

Most frequently registries vary in sophistication from simple spreadsheets that only can be accessed by a small group of physicians to very complex databases that are accessed online across multiple institutions. Furthermore, the latest developments are driving the growth of the studied segment. For instance, the initiative for patient registries, launched in September 2015, explores ways of expanding the use of patient registries by introducing and supporting a systematic and standardized approach to their contribution to the benefit-risk evaluation of medicines within the European Economic Area. Thus, the segment is expected to witness significant growth over the forecast period.

Integrated Software Segment is Expected to Witness Significant Growth over the Forecast Period

An integrated software productivity program that incorporates a number of applications (typically word processing, database management, spreadsheet, graphics, and communications) into one product, allowing data sharing between all or most modules. By integrating the software, one can ensure that the data is synchronized and updated across all the systems and departments. This can reduce manual work, improve collaboration, and enhance customer service. Thus, the segment is expected to witness significant growth over the forecast period.

Hospital Segment is Expected to Witness Significant Growth Over the Forecast Period.

EHR is probably the most important patient registry software used in hospitals because it allows them to store and update patient data, treatment history, diagnoses, prescriptions, medical records, allergy information, and more. EHR software maintains the continuity of treatment and significantly reduces administrative work. ClinicalPURSUIT Patient Registry Software can capture data and build a registry for hundreds or even thousands of patients. Hospitals and pharmaceutical companies use ClinicalPURSUIT to easily and efficiently collect data on groups of patients who are in clinical studies, taking a new drug, using a new medical device having a particular diagnosis or condition, or having a specific breakthrough procedure. Thus, the segment is expected to witness significant growth over the forecast period.

North America is Expected to Hold a Significant Share in the Market and Expected to do Same Over the Forecast Period

North American region is expected to register significant growth during the study period owing to factors such as the rising adoption of electronic health records, rise in government initiatives for the adoption of patient registry software, and rise in research and development activities by pharmaceutical companies.

The launch of new products and software in the patient registry market will drive the market. In May 2022, The National Pancreas Foundation ("NPF") launched the pancreatic disease patient registry in partnership with SeqsterOS. The patient-centric registry gives patients and their caregivers the ability to create their longitudinal patient records with real-time data from any EHR, genomic DNA test, and wearable/remote monitoring device. Thus, the market is expected to witness significant growth over the forecast period.

Competitive Landscape :

The patient registry software market is moderately competitive. Factors such as product launches and the adoption of key strategies by major players will lead the market players to drive the market. 

Key Players :

  • Dacima Software Inc.
  • FIGmd, Inc.
  • Global Vision Technologies, Inc.
  • Image Trend, Inc.
  • IQVIA
  • Liasion Technologies
  • McKesson Corporation
  • Syneos Health
  • Velos Inc.
  • Others

Hold a substantial market share in the market studied.

Recent Development:

1) In April 2022, Quantori, LLC launched a Registry Science Practice focusing on the creation of registry programs for patients, clinicians, and researchers.

2) In January 2022, Seqster partnered with the National Pancreas Foundation (NPF) to create the nation’s largest dynamic pancreatic patient disease database. The database could move cutting-edge research forward faster than traditional methods.



Frequently Asked Questions (FAQ) :

Q1. What is the current Patient Registry Software Market size?

The patient registry software market is currently valued at USD 4.4 billion.

Q2. What is the Growth Rate of the Patient Registry Software Market?

Patient Registry Software Market is expected to witness a CAGR of 11.8% during the forecast period

Q3. What are the Growth Drivers of the Patient Registry Software Market?

Implementation of Government Initiatives to Build Patient Registries and Rising Adoption of Electronic Health Records (EHR) are the Growth Drivers of the Patient Registry Software Market.

Q4. Which Region is expected to hold the highest Market share?

North America region is expected to hold the highest Market share.

INTRODUCTION            
    Study Assumptions and Market Definition        
    Scope of the Study        
RESEARCH METHODOLOGY            
EXECUTIVE SUMMARY            
MARKET DYNAMICS            
    Market Overview        
    Market Drivers        
        Implementation of Government Initiatives to Build Patient Registries    
        Rising Adoption of Electronic Health Records (EHR)    
    Market Restraints        
         Privacy and Data Security-related Concerns and Lack of Trained and Skilled Resources    
    Porter's Five Force Analysis        
        Threat of New Entrants    
        Bargaining Power of Buyers/Consumers    
        Bargaining Power of Suppliers    
        Threat of Substitute Products    
        Intensity of Competitive Rivalry    
MARKET SEGMENTATION (Market Size by Value - USD million)            
     By Type of Registry        
        Disease Registries    
        Health Service Registries    
        Product Registries    
    By Type of Software        
        Stand-alone Software    
        Integrated Software    
     By End User        
        Hospitals    
        Government Organizations and Third Party Administrators (TPAs)    
        Pharmaceutical, Biotechnology, and Medical Device Companies    
        Other End Users    
    Geography        
        North America    
            United States
            Canada
            Mexico
        Europe    
            Germany
            United Kingdom
            France
            Italy
            Spain
            Rest of Europe
        Asia-Pacific    
            China
            Japan
            India
            Australia
            South Korea
            Rest of Asia-Pacific
        Middle East and Africa    
            GCC
            South Africa
            Rest of Middle East and Africa
        South America    
            Brazil
            Argentina
            Rest of South America
COMPETITIVE LANDSCAPE            
    Company Profiles        
        Dacima Software Inc.    
        FIGmd Inc.    
        Global Vision Technologies Inc.    
         Image Trend Inc.    
        IQVIA    
        Ordinal Data, Inc.    
        McKensson Corporation    
        Syneos Health    
         Velos Inc.    
        Cerner Corporation    
        IBM    
        ArborMetrix    
MARKET OPPORTUNITIES AND FUTURE TRENDS            

Request for List of Figure


Research Process

Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.

In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization

FIGURE 1: DLR RESEARH PROCESS

Primary Research

Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.

In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.

It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.

Secondary Research

Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.

Market Size Estimation

Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.

Forecast Model