Several companies are playing integral roles in the global patient registry software market. These companies are Global Vision Technologies, Inc. (US), Dacima Software Inc. (US), QUINTILES IMS HOLDINGS, INC. (US), Phytel, Inc. (US), ImageTrend, Inc. (US), CECity.com Inc. (US), Liaison Technologies. (US), McKesson Corporation (US), FIGmd, Inc. (US), and ifa systems AG, (Germany). MRFR in their recently published report recorded these names to analyze them and chart their growth plans to understand trends that can reshape the global market.
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In June 2019, Accela announced their partnership with CloudPWR to develop a medical marijuana patient registry that would maximize tax revenue for their clients and maintain a clear visibility of marijuana in their system by preventing them from going to the black market.
Overview:
The Global lllas the potential to leap forward with a CAGR of 11.7% from its previous valuation of USD 930 Million in 2017 over the forecast period. Patient registry software is a type that can be used to track various pointers regarding a patient’s admission in the hospital. His diseases check up procedure, and other factors can be easily discerned via this software and ensure better follow ups in the coming years.
Factors, such as the implementation of government initiatives can play in favor of the global patient registry software market. The system can significantly bring down the healthcare costs and improve quality of care. It is also getting triggered by the surge in adoption of electronic health records (EHR), and administrations preferring this patient registry data for post-marketing surveillance. However, it can be breached by online hackers, which is a substantial concern for many and also lack of skilled resources can deter the patient registry software market from having the expected growth rate during the forecast period.
Segmentation:
Deployment model, software, type of registry, and end-user are segments that have been included in the global patient registry software market report. Such an extensive analysis makes it possible for MRFR to reveal various factors that can shape the market in the coming years.
Based on the mode of software, the global patient registry software market can be segmented into standalone and integrated. The integrated software segment has the largest market share and is expected to retain its market dominance in the coming years as well.
Based on the deployment model, the global patient registry software market includes on-premise model and cloud-based model. The cloud-based model has better market share due to its increasing adoption during the forecast period.
Based on the type, the global patient registry software market comprises disease registries and product registries. The disease registries segment helps in better management of monitoring system of the patients.
Based on the end-users, the global patient registry software market can be segmented into hospitals & medical centers, pharmaceutical & medical device companies, government & non-government agencies, and others. The pharmaceutical & medical device companies’ segment has the maximum market coverage and is estimated to grow at a substantial rate in the coming years.
Regional analysis:
Region-specific analysis of the patient registry software market encompasses Europe, the Americas, Asia-Pacific, and the Middle East & Africa. The report on the same has better focus on growth pockets that can be nurtured later for a better analysis of the global market.
The Americas is expected to drive the global patient registry software market forward. The region has several features on offer like infrastructural superiority, high investment capacity, better investment plans for the healthcare sector, and others. The growth is also a result of the increased use of patient registry data to monitor patients, well-established players, and hike in intake of EHRs in this region.
The Asia Pacific region has substantial potential to score more during the forecast period as it is creating new opportunities. Governments in the region are also taking business-friendly steps to ensure that the growth rate does not take a dip. The healthcare segment is gaining much from the investments made by various companies and the aim to reduce cost can be considered well.
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