- Patient registry is an organized system for collecting uniform data from a group of People who have the same disease or treatment. It is a complex methodology that answers research questionnaires for population-related research. The patient registry database assists healthcare providers in monitoring the results of a clinical study, or treatment, or for tracking an implant in a patient.
Covid-19 Strengthened the Patient Registry Software Market
Patient register software was crucial during the pandemic for analyzing trends in Covid-19 vaccine clinical studies, despite hospital lockdowns and government constraints. Its simplicity allows tracking patient data and adverse incidences.
Patient registry software market grows due to chronic and rare diseases, EHR adoption, government initiatives, and widening application scope
Growing prevalence of chronic & rare diseases, the increasing adoption of EHR & eHealth solutions, and the Helpful government initiatives taken to incorporate patient registry software in the healthcare sector are some of the pivotal factors driving the market. Patient registry software application areas are changing rapidly. These registries are currently designed to aid clinical research medical adherence analysis, post-marketing surveillance, and management of drugs and medical devices.
In January 2022, IQVIA partenerd with GO2 Foundation for Lung Cancer to develop an enhanced Global Lung Cancer Registry.
North America Accounts for the Biggest Share of the Global Patient Registry Software Market
North America holds the dominant market share of the patient registry software market. This can be primarily explained by government support to establish and implement patient registries in different clinical studies, advanced health management programs, experts availability, major firms presence in the region, and the region’s advance healthcare system. The market growth in the APAC region is mainly fuelled by growing cases of chronic diseases due to the growing aging population.
Competitive Landscape Analysis : Patient Registry Software Market
The key players operating in IBM Corporation, IQVIA Holdings, OpenText Corporation, Optum, ArborMetrix Inc., FIGmd, Dacima Software Inc., and ImageTrend Inc, among others.
Organic and Inorganic Growth Strategies Employed by Companies to Establish Their Foothold in the Patient Registry Software Market
The Patient Registry Software market is poised to grow even more in years to come because of the rising cases of chronic diseases, the necessity to integrate and digitalize health care records, the growing investment in R&D and the amount of clinical trials, and aggressive organic and inorganic growth strategies followed by the players.
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