The patient registry is a collection of data about the individuals with a specific diagnosis or with the specific risk factors for a disease. Patient registry have various uses such as, to establish characteristics of the disease, monitoring of treatment, and management in clinics. These patient registry software are configurable and offers unparalleled flexibility allowing user to design databases according to data collection needs. These registries are global online databases designed to look for patterns in treatment and diagnostics that can lead to improved treatment options and outcomes for the patients. These software based patient registries are easily accessible online as well as offline. Social network of patients and families encouraged to engage in the patient’s healthcare and supported by tools that enable them to track their health outcomes and support self-care.
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The use of new technology increases in the clinical research and medical practice, patient registries are positioned to leverage the innovations to support everyday data collection. Especially, digital health and e-health are emerging as an important trend. Health care systems costs in developed countries are rising, due to introduction of advanced medical technology and hospital care. Moreover, rapid adoption of smart phones and health sensors worn on the body, provide access to data on wide range of physiological, biological information about the patient to hospitals and health providers for better treatment solutions. These factors are playing a vital role in propelling growth of the patient’s registry software market. Registry software are providing ideal patient care in hospitals and various clinics, the physicians are able to maximize the treatment output with the real time monitoring maximizes the healthcare output.
The global patient registry software market size was valued at US$ 805 Million in 2017, and is expected to witness a CAGR of 12.7% over the forecast period (2018 – 2026).
Global Patient Registry Software Market, by Software Type (Integrated Software and Stand Alone Software), by Mode of Delivery (On Premise Delivery and Cloud Based/Web based Delivery) by Functionality (Population Health Management, Health Information Exchange ,Point of Care and Others), by End User (Hospitals, Government Organizations, Pharmaceutical, Biotechnology, Medical Device Companies, and Research Centers) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 805 Million in 2017 and is projected to exhibit a CAGR of 12.7% over the forecast period (2018–2026), as highlighted in a new report published by Coherent Market Insights.
Advancements in technology in patient registry software is expected to boost growth of the market over the forecast period
Major market players are focusing on introduction of innovative products for improving hospital patient registry work flow and clinical outcomes. This is expected to boost growth of the market. For instance, in March 2018, Rush University Medical Center in Chicago launched a cloud-based surgical oncology research team (SORT) registry. SORT is designed to function across multicenter platforms to gather psychosocial, oncological, and functional outcome data. Its cloud based registry provides a research platform that enables the user’s institution to gather their own data while partnering with other organization. Main characteristic of SORT registry is to collect functional scores using Musculoskeletal Tumor Society (MSTS) functional evaluation tool and patient reported outcomes both at follow up and presentation.
In-depth TOC on “Patient Registry Software Market, by Software Type (Integrated Software and Stand Alone Software), by Mode of Delivery (On Premise Delivery and Cloud Based/Web based Delivery) by Functionality (Population Health Management, Health Information Exchange ,Point of Care and Others), by End User (Hospitals, Government Organization, Research Centers, Pharmaceutical, Biotechnology, and Medical Device Companies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Global Forecast to 2026”
Healthcare system cost in developed countries is increasing due to increase in healthcare expenditures, high cost involved with the usage of advanced medical technology, and pharmaceutical expenditure, as well as high prevalence of chronic diseases and their financial consequence is urging government and private organizations, all over the globe, to work together for common patient registry solutions. For instance, 2013 Advanced Biological Laboratories (ABL) South Africa signed a contract with Spanish Asociación para el Estudio del Hídago for licensing and development of the new HepatiC software and database system. HepatiC offers hepatitis C (HCV) patient registry and database to aid in the management of HCV-infected patients receiving direct acting antiviral therapy.
Key players operating in the patient registry software market are Global Vision Technologies, Inc., Quintiles Inc., Dacima Software Inc., PatientCrossroads, Evado eClinical Solutions, Mckesson Corporation, Liaison Technologies, and Imagetrend, Inc.
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