Patient Registry Software Market Trends

Global Patient Registry Software Market Drivers

Need for Real-World Evidence (RWE) 

• Increasing need for real-world evidence in healthcare research and decision-making for regulatory bodies is projected to bolster the demand for patient registry software. This software helps collect data on patient outcomes, identifies long-term trends, and supports regulatory decisions with statistical data collected from patient outcomes thereby making it a mainstay for healthcare R&D in the future.  

High Incidence of Chronic Diseases 

• Rapidly increasing prevalence of chronic diseases around the world is estimated to bolster the adoption of patient registry software for collection of data and monitoring. Patient registry software helps in tracking patient outcomes, improving care coordination, and facilitating population health management thereby making it an essential for value-based care models.  

Global Patient Registry Software Market Restraints 

High Costs of Implementation 

• Implementing patient registry software solutions and systems is a complex task as it requires substantial upfront investments for training, licensing, and customization. Not all healthcare establishments are capable of investing high amounts, which in turn, is expected to hurt global patient registry software market outlook in the future.

Lack of Standardization 

• Healthcare IT ecosystems are very fragmented in nature, and this is directly linked to the absence of a standardized set of guidelines. This absence of standardization creates integration and interoperability issues, which are expected to hinder the adoption of patient registry software as these issues result in inconsistencies in operations over the coming years.