Worldwide Master Patient Index Software Industry to 2028 – Emphasis on Building Unified Medical Record Systems in Developing Countries Presents Opportunities – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Master Patient Index Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Type and Deployment, and Geography” report has been added to ResearchAndMarkets.com’s offering.

The global master patient index software market was valued at US$ 776.36 million in 2020, and it is projected to reach US$ 1,678.86 million by 2028; it is expected to grow at a CAGR of 10.12% during 2020-2028.

A significant shift toward paperless data management has enabled various healthcare players to adopt cloud-based technologies. Also, the decrease in the cost of cloud-based technologies, improvements in terms of flexibility and security, and low maintenance requirements and costs are further propelling the adoption of these technologies among healthcare organizations. These advantages help provide high-quality services and personal care to patients.

The cloud-based technologies have eliminated interoperability issues, and at the same time have enabled the easy data integration with a healthcare organization. As the healthcare data, available in huge volumes, are organized and saved on cloud servers, processing these data has become feasible for the healthcare professionals. Cloud-based technologies allow healthcare professionals to operate in tandem with different departments, institutions, and healthcare service providers and consumers. Furthermore, technological advancements are supporting the integration of artificial intelligence (AI) and machine learning in patient management, which assist users to manage healthcare operations and massive data. Thus, the adoption of cloud-based technologies boosts the demand for master patient index software to streamline and simplify the patient data management process.

Based on type, the master patient index software market is segmented into software and service. In 2020, the software segment held a larger share of the market and is estimated to grow at a significant CAGR during the forecast period. Due to growing advancements in new and existing master patient index software, the adoption of the software in the healthcare system is likely to boost the market growth during the forecast period.

Based on deployment, the master patient index software market is segmented into cloud-based and on-premises. In 2020, the cloud-based segment held a larger share of the market and is expected to grow at a faster rate during the coming years.

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the master patient index software market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global master patient index software market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution

Market Dynamics

Drivers

• Assistance in Maintaining and Managing Clinical, Financial, and Demographic Data of Patients
• Adoption of Cloud-Based Technologies

Restraints

• High Cost of Software

Opportunities

• Emphasis on Building Unified Medical Record Systems in Developing Countries

Future Trends

• Digitalization of Healthcare Processes

Companies Mentioned

• McKesson Corporation
• Oracle Corporation
• Wipro Limited
• Allscripts Healthcare Solutions, Inc.
• NextGate
• Just Associates, Inc.
• Verato
• QuadraMed Affinity Corporation
• MEDITECH
• Intersystems Corporation

For more information about this report visit https://www.researchandmarkets.com/r/c21jhn

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