Patient Registry Software Market Share, Growth, Trends And Forecast up to 2023

A patient registry is a structured system that uses experimental study methods to gather and and stock patient information to estimate detailed outcomes for a specific set of population defined by a particular condition, disease, or drug or medical device exposure. Patient registry software has made it effortless for healthcare agencies, pharma industry, medical centers and universities to perform clinical studies. These studies help them to gather data and understand medical results of the patients.

Patient registry software is used for rapid collection of patient’s data from one or various locations. Apart from data collection it creates an information repository i.e. pulling data from third party systems and storing them. It also monitors the trends and improves health outcomes for the patients.

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The patient registry software market is segmented on the basis of delivery model, functionality, database type, product type, and end user.

On the basis of delivery model, the global patient registry software market is categorized into:  

Subscription models – includes cloud based delivery modes

Ownership models- It includes On-premise mode of delivery 

The subscription model is the highly used patient registry software type as it enhances the quality of patient care by measuring performance parameters for quality improvement programs, resulting in higher-quality care.

On the basis of product type, the global patient registry software market is categorized into following types: 

Integrated software

Standalone software. 

The acceptance rate of integrated software is more as they are user-friendly and unified with different functionalities such as patient demographics, insurance details, medical history, pharmacy and others thereby reducing the overall cost of healthcare.

Further, on the basis of database type, the global patient registry software market is analyzed into:

diabetes 

heart diseases 

tumors 

rare disease/orphan disease 

chronic conditions and other registries

The rare disease registries are expected to experience higher growth due to increasing pool of patients for these diseases.

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The global patient registry software market is driven by various factors including: 

Rising pressure on healthcare organizations to enhance the quality of care and reduce the cost of healthcare and increased acceptance of electronic health records (EHR). Electronic health records improve quality and convenience of patient care. Providers can make efficient and effective therapeutic decisions about patient care through analysis, clinical alerts and reminders, based on the recorded patient information.

Government initiatives for population health management  To maintain the use of electronic health records, the American Recovery and Reinvestment Act provides resources to:

Assist health care providers to make use of electronic health records to increase quality, effectiveness and population health outcomes of health care.

Provides training for careers in healthcare information technology that will help health care providers to put into practice electronic health records.

Federal health IT policy will continually focus on improving the outcomes of care, so as to advance the performance of their health care system. 

Geographically, the global patient registry software market is segmented into North America, Europe, Asia Pacific and Rest of the World. Subscription (cloud based delivery modes) models, integrated software, and rare/orphan diseases registries are expected to fuel the patient registry software market during the forecast period. End user includes hospitals, government organizations and third party administrators who use this software for public health management, and improve the quality of patient care.

Some of the key global market participants present in the global patient registry software market include Telligen, Inc., ifa systems AG, Image Trend, Inc., INC Research holdings, Inc., Phytel, Inc., Optum, Inc., Global Vision Technology, Velos, Inc., and McKesson Corporation.

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations. 

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