June 16, 2020
As per the report titled ‘North America Patient Registry Software Market to 2027 - Regional Analysis and Forecasts by Software; Database; Registry; Mode of Delivery; Pricing Model and Country’, available with Market Study Report LLC, North America patient registry software market is expected to reach USD 943.21 million by 2027 with a CAGR of 13.6% over the analysis timeframe.
Owing to services enabled by digital technologies in healthcare sector, North America patient registry software is expected to witness burgeoning demand in the forthcoming years. Stringent regulations and financial support provided by the governments have led to digitalization of healthcare industry. Additionally, demands to provide cheaper treatments have put healthcare industries under-pressure, thereby promoting the adoption of these softwares.
In 2017, former US president revolutionized the face of healthcare IT industries by introducing Health Information Technology for Economic and Clinical Health (HITECH) Act of 2009. Healthcare industries were offered financial funding to set up IT support in various departments, non-compliance to which leads to severe penalties. This resulted in widespread adoption of patient registries and electronic health records (EHRs) which aided market expansion.
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Based on software spectrum, the integrated software segment holds a substantial share of the North America patient registry software market. The report cites, the market growth is majorly due integration of software incorporating decision-making ability, providing suitable sale-up, ability to manage latest software solutions, supervise application interface, and others.
Speaking of type, cardiovascular disease registry segment dominated the market in 2019. Increasing cardiovascular patients, growing adoption of electronic health records, the revolution of digital healthcare, and others are expected to catalyze the market scenario.
Major companies operating in North America patient registry software market are IQVIA Inc., Medstreaming, Evado Clinical, CEDARON, McKESSON CORPORATION, FIGmd Inc., Open Text Corporation, LUMEDX, IBM Corporation, and Dacima Software Inc. among others.