Patient Registry Software Market By Type of Registry (Disease Registries, Health Service Registries and Product Registries); By Software (Stand-alone and Integrated); By End User (Hospitals, Government Organizations and Third-Party Administrators (TPAs), Pharmaceutical, Biotechnology, Medical Device Companies and Other); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Patient Registry Software Market By Type of Registry (Disease Registries, Health Service Registries and Product Registries); By Software (Stand-alone and Integrated); By End User (Hospitals, Government Organizations and Third-Party Administrators (TPAs), Pharmaceutical, Biotechnology, Medical Device Companies and Other); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Product Overview
Patient registry software (PRS) is a computerized database containing personal, medical, social, and financial information that is recorded by or by healthcare professionals. Registries may provide researchers and health care providers with important epidemiological data for rare or chronic diseases, such as incidence and prevalence, signs and seriousness of the disease.
Market Highlights
Patient Registry Software Market is expected to project a notable CAGR of 14.7% in 2030.
Patient Registry Software Market to surpass USD 2.9 billion by 2030 from USD 968 Million in 2019 at a CAGR of 14.7% throughout the forecast period, i.e., 2020-30. An increased incidence of cancer and other chronic disorders is projected to propel the growth of the global market for patient registry software. Besides, PRS provides a range of benefits, such as patient monitoring, disease history recording, features, management, and results with or without care, active surveillance system for unwanted or adverse incidents, and successful patient population management. Such benefits are expected to raise PRS demand, thus helping to expand the market over the forecast period.
Patient Registry Software Market: Segments
Product Registries segment to grow with the highest CAGR of 4.1% during 2020-30
Patient Registry Software Market is segmented by type of registry as Disease Registries, Health Service Registries, and Product Registries. Based on registry type, the disease registry segment is the largest segment of the market for Patient Registry Software owing to the increasing demand to integrate the healthcare system and to curb the disease burden is driving the segment. To create new medications, these registries are also useful in screening patients for clinical trials. The product registry segment is expected to show profitable growth over the forecast period. If a medical device or drug has been approved by a regulatory authority, during the post-approval process, a register is required for quality assessment to detect any adverse effects and to improve the understanding of product safety. The segment is being propelled by a supportive government effort to boost treatment outcomes.
Government and third-party Segment to grow with the highest CAGR of 5.2% during 2020-30
Patient Registry Software Market is segmented by the end-user into hospitals, government organizations and third-party administrators (TPAS), pharmaceutical, biotechnology, and medical device companies, and others. The government and third-party segment led the market and accounted for XX.X% revenue share in 2019. The government's implementation of this software in both developed and developing countries to minimize the burden of disease is anticipated to drive the growth of the patient registry software market over the forecast period. Over the forecast period, the pharma and medical device companies’ segment is expected to show lucrative growth. Growth is driven by the adoption of such applications by pharmaceutical, biomedical, and medical device companies to monitor real-world patient data. Besides, for clinical trials and to treat particular diseases, the data is also useful. Due to the measures taken by these organizations to curb the growing burden of disease globally, the research organization segment is also expected to display substantial growth.
Patient Registry Software Market: Market Dynamics
Drivers
Rising Adoption of Electronic Health Records
Aadoption of electronic health records (EHRs) and other HCIT solutions is growing globally, which is considered a positive sign for the software industry for patient registries. This is because, for many EHR products, patient registry software functionality is included or is available as an add-on. Authorities in many countries are focused on increasing the implementation in their healthcare systems of EHR solutions to help increase the provision of healthcare services. Improved patient care, increased patient involvement, and simple collection and storing of patient health information in a digital format result from the growing use of EHR in developed and developing countries. It is expected that the widespread transition from paper-based records to electronic records would increase the demand for integrated applications for patient registries.
Implementation of Government Initiatives
Introduction of government initiatives to establish patient registries and the growing use of patient registry data for post-marketing surveillance are some of the factors driving market development. Electronic health records have been able to draw the interest of government sources due to widespread uses, both clinical and non-clinical. The government of developed and developing countries around the world is launching several federal initiatives, actions, and programs to experience improvements in health care services.
Restrain
Privacy and Data Security-related Concerns
Concerns about privacy abuses such as data theft are associated with all types of medical information technology (IT). Also, due to data protection issues, widespread adoption of registry applications has been restrained. Intensifying security controls is an achievable task for suppliers delivering these services, but these security controls come at the expense of ease of operation, thus undermining the platform's performance. Therefore, privacy and data protection issues are inhibiting the development of the demand for global patient registry applications. Besides, the competition is constrained by the shortage of qualified and skilled professionals.
Patient Registry Software Market: Key Players
Dacima Software Inc
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis.
FIGmd Inc.
Global Vision Technologies Inc.
Image Trend Inc.
IQVIA
Liasion Technologies
McKensson Corporation
Syneos Health
Velos Inc
Patient Registry Software Market: Regions
Patient Registry Software Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.
Patient Registry Software Market in North America held the largest market share of XX.X% in the year 2019 and is anticipated to continue its dominance over the forecast period. The growth of the market in this region is driven by an increasing target population coupled with increasing disease prevalence and the need for population-based registries. Besides, growing government initiatives are making this region a major contributor to the patient registry software market. Companies are constantly trying to develop better user-interactive software to make patient registry software more user-friendly and interactive for clinical research. Over the forecast period, Asia Pacific is projected to show profitable growth. In the past few years, the adoption of electronic medical records has been increasing. The key factors driving the market in the area are growing pressure to curb medical errors, frequent hospital visits, increased diagnostic errors coupled with increasing co-morbidity incidences, and the aging population. Besides, supportive government initiatives, particularly in Japan, China, and South Korea, boost the growth of the patient registry software.
Competitive Landscape:
Patient Registry Software market, which is highly competitive, consists of several major players such as Phytel, IQVIA Holdings, FIGmd, OpenText Corporation, Dacima Software hold a substantial market share in the Patient Registry Software market. Other players analyzed in this report are Global Vision Technologies, fa systems, Syneos Health, and HealthDiary among others.
The market competition has been stepped up by the availability of many players offering Patient Registry Software. In June 2020, ArborMetrix Inc. (US) entered into a partnership with The Society of Interventional Radiology (SIR) (US). This partnership aims to provide the IR Quality Registry to improve patient care by integrating analytics.
Patient Registry Software Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Patient Registry Software Market report also contains analysis on:
Patient Registry Software Market Segments:
By Type of Registry:
Disease Registries
Health Service Registries
Product Registries
By Software:
Stand-alone Software
Integrated Software
By End User:
Government Organizations & Third-Party Administrators (TPAs)
Hospitals and Medical Practices
Private Payers
Pharmaceutical, Biotechnology, and Medical Device Companies
Research Centers
Patient Registry Software Market Dynamics
Patient Registry Software Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
FAQs on Patient Registry Software Market
Which segment is anticipated to hold the largest market share
At what CAGR is the market anticipated to grow between 2020 and 2030
Who are the key players in the Patient Registry Software Market
What could be the challenging factors in the growth of the Patient Registry Software Market
What are the growth drivers for the Patient Registry Software Market
Contents
1. Executive Summary
2. Patient Registry Software Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Patient Registry Software Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Patient Registry Software Market
11.1. Market Size & forecast, 2019A-2030F
11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12. Patient Registry Software: Market Segmentation
12.1. By Regions
12.1.1. North America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.2. Europe:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.3. Asia-Pacific:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.4. MEA:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.5. Latin America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2. By Type of Registry: Market Share (2020-2030F)
12.2.1. Disease Registries, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.2. Health Service Registries, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.3. Product Registries, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3 By Software: Market Share (2020-2030F)
12.3.1. Stand-alone Software, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.2. Integrated Software, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4 By End User: Market Share (2020-2030F)
12.4.1. Government Organizations & Third-Party Administrators (TPAs), By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.2. Hospitals and Medical Practices, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.3. Private Payers, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.4. Pharmaceutical, Biotechnology, and Medical Device Companies, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.5. Research Centers, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
13. Company Profile
13.1.1. Dacima Software Inc.
13.1.2. Company Overview
13.1.3. Company Total Revenue (Financials)
13.1.4. Market Potential
13.1.5. Global Presence
13.1.6. Key Performance Indicators
13.1.7. SWOT Analysis
13.1.8. Product Launch
13.2. FIGmd Inc.
13.3. Global Vision Technologies Inc.
13.4. Image Trend Inc.
13.5. IQVIA
13.6. Liasion Technologies
13.7. McKensson Corporation
13.8. Syneos Health
13.9. Velos Inc
14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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Total Market |
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