Patient Registry Software Market Size, Trends and Growth Analysis by 2027

The patient registry software market was valued at approximately US$ 930.06 million in 2019 and is anticipated to grow significantly, reaching around US$ 2,426.58 million by 2027. This growth represents a compound annual growth rate (CAGR) of 12.9% from 2020 to 2027.

Several factors contribute to the expansion of this market, including advancements in digital infrastructure within the healthcare sector and a rising adoption of patient registries. Nevertheless, the market faces challenges, particularly the risks associated with data breaches, which can impede growth.

A patient registry serves as a comprehensive database that gathers standardized information about specific populations affected by diseases or conditions, supporting defined clinical or scientific objectives. The software designed for patient registries encompasses databases that are sustained through the collection of secondary data related to patient diagnoses, procedures, or conditions. This data is essential for tracking the utilization of new medical devices and procedures. Furthermore, patient registry software is vital for conducting post-marketing surveillance of pharmaceuticals.

The global patient registry software market is categorized based on various criteria, including software type, database type, registry type, mode of delivery, and pricing model. In terms of software, the market is divided into standalone and integrated systems. The integrated software segment dominated the market in 2019 and is projected to experience the highest CAGR during the forecast period.

When examining the database types, the market is split into public and commercial databases. The commercial segment held the largest market share in 2019 and is expected to continue leading with the highest growth rate from 2020 to 2027.

In terms of registry types, the market is classified into product registries, disease registries, and health service registries. The disease registries segment was the largest in 2019 and is forecasted to achieve the highest CAGR throughout the upcoming years.

Regarding the mode of delivery, the market is divided into on-premise and cloud-based solutions. The cloud-based segment was the leading segment in 2019 and is expected to maintain its position with the highest growth rate during the forecast period.

Lastly, the pricing model categorizes the market into subscription and ownership models. The subscription model was the most significant segment in 2019 and is projected to grow at the highest rate in the coming years.

To compile the report on the global patient registry software market, several secondary sources were consulted, including the Centers for Disease Control and Prevention, All India Institute of Medical Sciences, Australian Regulatory Guidelines for Medical Devices, Health Information Technology for Economic & Clinical Health, and the Food and Drug Administration.