Global Patient Registry Software Market Analysis 2022
The Global Patient Registry Software Market is expected to reach $3.78 billion by 2028 growing at a CAGR of 16.2% from 2021 to 2028. Healthcare organizations need advanced tools to effectively and quickly manage the health of populations. Patient registry acts as an indispensable tool for the success of patient health management. This is because registries collect health information about individuals from multiple sources and enhance health professionals’ understanding and knowledge about a particular condition, help providers design better treatment plans and assist in building targeted population health programs.
Factors such as rising use of patient registry data for post-marketing surveillance, growing pressure to improve quality of care, and increasing government initiatives to build patient registries are driving the growth of the market. However, Lack of awareness, shortage of skilled resources, and data security-related concerns are restraining the growth of the market.
Based on pricing model, the subscription model segment is going to have a lucrative growth during the forecast period which can be attributed to its security measures, protection of current data, and other provider application parameters. The subscription software is usually priced monthly or annually and it has a consistent, ongoing subscription. The subscription costs include general maintenance, upgrades, and infrastructures as well as backup expenses. This model provides better entry-level pricing and has the ability to add features according to the requirement of the end users. In addition, subscription software vendors continually offer new releases and application updates, most of which are available to all subscription users at no additional cost.
The key vendors mentioned are ArborMetrix, Cedaron, Conduent, Inc, Dacima Software, Evado Clinical, FIGmd, Global Vision , Technologies, IBM Corporation, ifa Systems AG, ImageTrend, IQVIA Holdings, Lumdex, McKesson Corporation, Medstreaming- M2S, OpenText Corporation, Optum, Premier, Inc, Syneos Health, and WIRB Copernicus Group.
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