Personal Health Record Software Market - Global Industry Analysis

Global Personal Health Record Software Market: Overview

Personal health record software manages patient’s health records and makes it available anytime through web-based devices, that is, mobile, computer, tablet, etc. Personal health record mentions all the basic and important data that the healthcare provider need to know about the patient. It includes doctor’s name & phone number, illness, surgeries performed, medication & doses, allergies (if any), chronic health problems, family history, hereditary, etc. In other ways, it keeps a detailed record of everything that is needed to know for patient’s betterment. As Information Technology is increasing in healthcare sector, it is giving patients more control over their information with emergence of mobile apps and information platforms. Personal health record reduce administrative cost and time as information will be easily accessible, while providing patient engagement and improved management of information. Other than that, growing demand for streamlining & unifying patient’s records and rising concern for patient care is expected to drive the global personal health record software market growth.    

Report Scope:

Global Personal Health Record Software Market: Growth Factors

Data analytics is the primary growth factor of global personal health record software market owing to numerous data generated by the healthcare industry on daily basis. The data analysis and management done by personal health record software can then be used to improve patient care. As accurate data is a major necessity regarding patient’s health, due to manual data collection it can fragment and inaccuracy in data analytics can cost a lot to a patient, thus, for accuracy, up-to-date information, such software like personal health record becomes necessary. Collaboration in healthcare patients frequently require treatment from multiple healthcare providers. As a result, the demand for personal health record software is expected to rise during the forecast period. Personal health record software is becoming increasingly popular with the switch towards digitalization. Moreover, government encouragement to physicians and doctors to utilize technology which can benefit the healthcare sector and help team to manage records in a better way is uplifting the trust of medical professionals on technology. The growing requirement for integrated healthcare system with the introduction of big data facilities in medical sector is driving the demand. The software offers improved work flow which helps in better operational productivity, meanwhile providing simplified solutions for continuity and facility overflow. Despite of all the growth factors, data security and privacy issues act as restraints in global personal health record software market growth. Furthermore, high initial investments, lack of trained staff in hospitals regarding technology are some of the downgrading factors which can cause hindrance in the market growth.   

 The spread of Covid-19 pandemic had a tremendous impact on overall health sector. The need to stop the spread of Covid-19 and the dependency on medical staff increased multi folds. With respect to adoption of technology, Covid-19 has changed the perspective and has generated demand for digital tools in various sectors other than technology only. Medical sector is one such example. Pandemic enforced the storing of health information digitally through software to make it easily accessible among doctors around the world for effortless access in times like these. Overall, the pandemic have had a positive impact on global personal health record software market.  

Global Personal Health Record Software Market: Segmentation

The global personal health record software market is divided into various categories, i.e., component, deployment, architecture and region. The component segment is based on software & mobile apps and services. Based on deployment, the market is distributed into web and cloud based. On the basis of architecture type, the market is segmented into payer tethered, provider tethered, and standalone.  

Global Personal Health Record Software Market: Regional Analysis

North America is predicted to be the largest share-holding region for personal health record software market. Due to high investments by government in healthcare sector, growing initiatives by them for curbing the healthcare costs is aiding the growth for software in healthcare sector. As advancements in technological sector are increasing and high adoption by the region for uncomplicated maintaining of records in medical sector is prevailing the demand for personal heath record software market. Europe is becoming the second fastest region to adopt such techniques in health care as government in the European countries is encouraging and promoting the use of highly sustainable and digital health record in hospitals, clinics and other medical care centers. New laws against cyber-attacks in Europe is also removing the uncertainty of data privacy issues and therefore paving a way for market growth.     

Global Personal Health Record Software Market: Competitive Landscape

The global personal health record software market is very competitive and the companies are involved in product launches, business expansions to survive in the competition and make a mark. The market players are focusing on investments, innovations, research and development for demonstrating their competitiveness. Major companies in the global personal health record software market include Healthspek, Zapbuild, Validic, Patient Ally, NoMoreClipboard, Health Companion, Practice Fusion, Inc., SoftClinic Software, Record for Living, Inc., KnapSack Health, 75Health, Cerner Corporation, Allscripts, Epic, and Meditech, McKesson Corporation, Next generation Healthcare, Inc., and Greenway Health, LLC.

Global Personal Health Record Software Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.