PATIENT REGISTRY SOFTWARE MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Patient Registry Software Market Analysis:

The patient registry software market is projected to experience a compound annual growth rate (CAGR) of 11.8% during the forecast period from 2022 to 2027.

The COVID-19 pandemic is expected to have a significant impact on the market’s growth. Patient registries have played a crucial role during the pandemic by facilitating the registration of COVID-19 symptoms in patients, tracking the effects of vaccination trials, monitoring post-marketing authorization of vaccines, and supporting further research and development efforts in vaccine innovation. In August 2020, IQVIA launched the COVID Active Research Experience (CARE) Project at helpstopcovid19.com, which serves as an opt-in registry for individuals to contribute information on disease prevalence, symptom progression, and treatment outcomes, thereby advancing the understanding of COVID-19. Leveraging data science innovations supported by patient registries can provide valuable insights to support COVID-19 initiatives. Consequently, the growth of the patient registry software market is expected to be influenced by the ongoing pandemic throughout the forecast period.

Several factors are driving the market’s growth, including the implementation of government initiatives aimed at establishing patient registries, the increasing adoption of electronic health records (EHR), and the growing utilization of patient registry data for post-marketing surveillance.

In the 21st century, healthcare providers worldwide are seeking innovative and cost-effective ways to deliver technology-enabled, patient-centered healthcare solutions both within and beyond hospital settings, in order to improve outcomes and enhance the quality of care. Electronic health records have garnered significant attention from government entities due to their wide-ranging applications in clinical and non-clinical settings. Governments of developed and developing countries are initiating various policies, actions, and programs to drive progress in healthcare services, thereby creating opportunities for the adoption of electronic health records and patient registry software.

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