Patient Registry Software Market by Delivery Mode (Subscription, Ownership), Functionality (Population Health Management, Point of Care, Care Management), Database (Diabetes, Cancer, Cardiovascular, Chronic & Rare Disease) & by End User - Forecast to 2019
The patient registry software market is expected to reach $610.8 million by 2019 from $381.0 million in 2014, at a CAGR of 9.9%. The global patient registry software market is categorized on the basis of delivery model, product type, database type, functionality, end user, and region. The subscription models segment is expected to register the highest growth rate in the patient registry software market, by delivery model, during the forecast period. Its favorable growth is attributed to the various advantages offered by this model—data centralization capabilities, automatic software upgradation, and easy customization. Furthermore, the subscription model offers cost-effectiveness due to the elimination of purchasing costs of software and hardware.
Major factors contributing to growth of the patient registry software market include increasing pressure on healthcare organizations to improve the quality of care and minimize healthcare costs, and the increasing adoption of EHRs. Various initiatives are being taken by governments across the globe for enhancing population health management, which is another major factor providing an impetus to the growth of this market. For instance, in August 2013, Germany launched an Open-Source Registry System (OSSE) project, funded by the Federal Ministry of Health, for Rare Diseases in the EU as part of the National Plan for Rare Diseases (RD). The increasing focus on rare disease registries and the high adoption rate of subscription models has opened an array of opportunities for the patient registry software market.
However, data privacy & security concerns, lack of resources with cross-functional skills, and reluctance towards adopting new advanced systems are expected to restrain the growth of this market.
Subscription models, integrated patient registry software, and rare diseases registries are expected to serve as new revenue pockets for the patient registry software market in the coming five years.
Apart from the comprehensive geographical and product analysis and market sizing, the report also provides a competitive landscape that covers growth strategies adopted by industry players over the last three years. In addition, the company profiles comprise basic views on key players in the patient registry software market and the product portfolios, developments, and strategies adopted by market players to maintain and increase their market shares in the near future. The abovementioned market research data, current market size, and forecast of the future trends will help key players and new entrants to make the necessary decisions regarding product offerings, geographical focus, changes in strategic approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful.
Reasons to Buy the Report:
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms gain a greater market share. Firms purchasing the report can use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of top players in the patient registry software market. The report analyzes the patient registry software market by delivery model, product type, database type, functionality, end user, and region
Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the patient registry software market
Competitive Assessment: In-depth assessment of market strategies, geographical and business segments, and product portfolios of leading players in the patient registry software market
Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the market for various patient registry software products across regions
Market Diversification: Exhaustive information about new products and services, untapped regions, recent developments, and investments in the patient registry software market