The growth of Patient Registry Software market is mainly attributed to the shift toward computerized registries to provide users with an automated way to store data and create, sort, and display patient lists for use in planning, quality improvement, reporting, and direct care delivery. Also, the emergence of the COVID-19 pandemic and the increasing number of COVID-19 patients globally are expected to increase the demand for patient registry software in the coming years. Moreover, factors such as rising number of accountable care organizations and high adoption rate of the subscription model are creating lucrative opportunities for the market players.
The global Patient
registry software market is projected to reach USD 2.8 billion by 2026 from
USD 1.4 billion in 2021, at a CAGR of 15.0% during the forecast period.
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The global patient registry
software market is fragmented with the presence of many regional and global
players like IBM Corporation (US), IQVIA Holdings (US), OpenText Corporation
(Canada), Optum (US), Premier, Inc. (US) are the major players in this market.
These companies are majorly focusing on the strategies such as agreements,
collaborations, partnerships, and service launches in order to remain
competitive and further increase their share in the market. Some of the
prominent players in the market namely, ArborMetrix, Inc. (US), FIGmd (US),
McKesson Corporation (US), Syneos Health (US), Dacima Software, Inc. (Canada),
ifa Systems AG (Germany), Medstreaming- M2S (US), ImageTrend, Inc. (US), Evado
Clinical (Australia), WIRB Copernicus Group (US), Global Vision Technologies,
Inc. (India), Conduent, Inc. (US), Elekta AB (Sweden), Cedaron (US), LUMEDX
(US), Armus Corp (US), Phamax AG (Switzerland), and Versaform Systems Corp
(US), ESO Solutions (US) and Ordinal Data, Inc. (US).
IBM Corporation dominated
the patient registry market in 2020. The company’s leading position can be
attributed to its broad product portfolio and wide geographic presence. The
company mainly focuses on providing PHM solutions to government organizations,
TPAs, companies, hospitals, and research centers. The company has a wide
geographical presence encompassing the Americas, Europe, the Middle East,
Africa, and the Asia Pacific. The company has shown a focus on partnerships
& collaborations for growth.
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IQVIA Holdings is the
second-largest player in the patient registry software market. It offers a wide
range of software and solutions. The company has a wide R&D platform with data
spanning 300,000+ clinical investigators, 487 indications, and 18 therapeutic
areas. Besides, the company’s highly skilled workforce of approximately 7,000
employees gives it a competitive edge. The company is also providing hospital
partners with a COVID-19 registry platform and technology-powered trial
matching solution. Moreover, it has focused on expanding its presence through
partnerships and product launches.
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