The value of the patient registry software market stood at USD 2,091.0 million in 2023, and this number is projected to reach USD 5,638.3 million by 2030, advancing at a CAGR of 15.3% during the projection period. The need for integrated registries is being boosted by the increasing occurrence of chronic illnesses, like diabetes, cancer, and cardiovascular illnesses,and the growing acceptance of electronic health records.
In 2023, the disease registry category generated the highest revenue, of USD 1.1 billion. Patients going through certain illnesses are registered in these registries. The leading share of this category is because of the elderly populace, surge in chronic and novel & uncommon illness occurrence, development in the understanding of the position of registries in health management, and extensive acceptance of EHRs.
Illness registries are becoming more helpful as new ones provide historically comparable information and permit long-term assessment. Their acceptance is also being boosted by the increasing government efforts to make and handle patient health records at lesser prices and growing awareness of how to gather and use patients’ health data.
An electronic health record is a digitally stored, systematized collection of health information for patients and the general population. The sharing of such data is possible, by means of other information systems and exchanges including those that are network-connected or enterprise-wide IT systems, between different healthcare facilities.
Electronic health records might comprise a range of information, like demographics, billing information, prescription, medical history and allergy data, radiological pictures, immunization status, laboratory test results, and data on vital signs.
Because of its user-friendly tools and sophisticated features, standalone software has a larger industry share. Standalone software covers rare diseases, cancer, cardiovascular disease, diabetes, and patient details. As a result, the data is accessible and extremely comprehensive.
During the projection period, the integrated category is projected to experience quicker expansion. An integrated system is an assembly of software utilized to screen the places impacted by an illness and measure the efficiency of clinical involvement. It also aids in learning more regarding illness occurrence and the effectiveness of treatment choices. Several modules of integrated software offer an extensive variety of functionalities not typically seen in standalone applications.
A defined group of people's clinical health results are advanced by better care management and patient participation, which are backed by appropriate financial and care models. This procedure is known as populace health management.
North America is the largest contributor to the industry in 2023. This can be ascribed to the increasing target population, growing need for population-based registries, and surging prevalence of diseases in this region. Moreover, the increasing government activities to promote the acceptance of these solutions make the continent a major user of these programs.
