The Europe Personal Health Record Software Market would witness market growth of 9.4% CAGR during the forecast period (2021-2027).
There were various records controlled by healthcare groups in the earlier days wherein these records were stored in siloes, which prevented doctors and other medical experts from sharing health information. However, the COVID-19 pandemic has compelled healthcare groups to share a person’s medical records in a system, which can be accessed easily. For example, the Department of Health and Human Services Office of the National Coordinator for Health Information Technology, along with the Centers for Medicare & Medicaid Services, published two new rules that were enforced in April 2021.
Such rules are aimed to improve the capability of the people to get access to their health information. The first rule requires healthcare groups to create health record data that can be accessed electronically via widely utilized technical standards. The second prohibits information blocking, wherein healthcare groups enforce huge practical, cost, and technical obstacles to share any health information.
There are numerous initiatives taken by the government across the region for promoting healthcare IT applications and solutions in order to make a better healthcare system, which is estimated to bolster the growth of the regional personal health record software market. In addition, there are several benefits offered by this software, which is attracting more customers for its usage and thus, propelling the growth of the personal health record software market in this region.
The increasing adoption of personal health record software in various nations of the region along with the rising awareness among customers regarding the benefits of using the software would also augment the market growth of the region in the coming years. There are many key market players that are offering advanced and upgraded PHR software, which is motivating customers to use them for better services.
The Germany market dominated the Europe Provider Tethered Market by Country in 2020, thereby, achieving a market value of $113 Thousands by 2027. The UK market is exhibiting a CAGR of 9.6% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 12.2% during (2021 - 2027).
Based on Component, the market is segmented into Software & Mobile Apps and Services. Based on Architecture Type, the market is segmented into Payer Tethered, Standalone and Provider Tethered. Based on Deployment Mode, the market is segmented into Web-based and Cloud-based. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Personal Health Record Software Market Size will Hit $13.2 million by 2027, at a CAGR of 9.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dwyer Instruments LTD. (Arcline Investment Management), HERSILL Ohio Medical (Tenex Capital Management), Precision Medical, Inc., Penlon (BPL Medical Technologies), DZ Medicale, Burak Metering, Megasan Medical, SHANGHAI AMCAREMED TECHNOLOGY Co., LIMITED, and Heyer Medical (AEONMED Group).
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By Architecture Type
By Deployment Mode
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