Global Personal Health Record Software Market toreach USD 136.9 billion by 2027.Global Personal Health Record Software Market is valued approximately USD 70.7 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 9.90% %over the forecast period 2021-2027. A personal health record software (PHR) is a software that collects health-related data that is maintained and documented by the individual it is related. It collects all the necessary information about respective diseases, records of hospitalization, list of medicationstaken,essential data regarding previously taken surgeries and other procedures performed. Increasing goverment initiatives to enhance public health care pushes the growth of personal health record software market For Instance: as per IBE (India Brand Equity Foundation) the Indian government planned to introduce aprogramme worth USD 6.8 billion to boost the countrys public health care infrastructure.It also stated that the government of India aims to spend 3% of its GDP by 2022.Rising adoption for cloud-based software for monitoring individual data enhances the growth of market.,However, lack of technical awareness impedes the growth of the market over the forecast period of 2021-2027. Alsothe increasing use of mobile and electronic devices in medical field and public awareness regarding health is likely to increase the market growth during the forecast period.
The regional analysis of global Personal Health Record Software Marketis considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is a significant region across the world in terms of market share owing to government initiatives and public awareness for eHealth, and the increased demand to follow necessary guidelines & reduce the rapidly growing healthcare costs. Whereas, Rest of the World is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as increasing demand for mobile patient sensors and monitoring solutions, due to the growing geriatric and infant population and due to rising cases of chronic and long term diseases would create lucrative growth prospects for the Personal Health Record Software Market across
Major market player included in this report are:
Healthspek
Health Companion
NoMoreClipboard
Patient Ally
Records For Living, Inc.
Practice Fusion, Inc.
SoftClinic Software
Knapsack Health
75Health (Kaaspro)
Zapbuild
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
ByComponent:
Software & Mobile Apps
Services
ByDeployment Mode:
Web-based
Cloud-based
By Architecture:
Payer Tethered
Provider Tethered
Standalone
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Personal Health Record Software Marketin Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors