North America Personal Health Record Software Market By Component (Software & Mobile Apps and Services), By Architecture Type (Payer Tethered, Standalone and Provider Tethered), By Deployment Mode (Web-based and Cloud-based), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The North America Personal Health Record Software Market would witness market growth of 9.1% CAGR during the forecast period (2021-2027).
The personal health record is the accumulation of data regarding a person’s health. In earlier times, an immunization record or a file of medical papers is a patient’s basic and conventional personal health record. However, the traditional personal health record has a major drawback i.e., a person could not find them whenever they need them. In addition, personal health record software helps in accumulating all the information related to a patient’s health, which is shared with the medical professionals for further treatment.
The rising demand for centralizing & simplifying healthcare data, surging demand for cloud-based software for managing individual data, and growing initiatives to encourage patient-centric care are some of the key factors fuelling the growth of the market over the forecast period. For example, Apple, in March 2018, launched Personal Health Record (PHR) program after two months of a pilot project to improve patient engagement.
The strong healthcare system of various emerged nations of the region like the US and Canada is supporting the growth of the regional personal health record software market. In addition, the presence of several key players in the market in this region is anticipated to propel the growth of the regional market. Personal health record software helps in collecting all the information about a person’s health and provides medical professionals with better and secure access to the patient’s medical records for carrying out any medical procedure.
Due to this feature, personal health record software is highly adopted by the patients to streamline the medical system and reduce their burden of carrying prescriptions and other papers to hospitals. The increasing awareness among the customers regarding the benefits offered by personal health record software is accelerating the growth of the regional personal health record software market over the forecast period.
The US market dominated the North America Services Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,493.3 Thousands by 2027. The Canada market is experiencing a CAGR of 12% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 11% 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 U.S., Mexico, Canada, and Rest of North America.
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).
Scope of the Study
Market Segments Covered in the Report:
- Software & Mobile Apps
By Architecture Type
- Payer Tethered
- Provider Tethered
By Deployment Mode
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Health Companion, Inc.
- NoMoreClipboard, LLC (Medical Informatics Engineering, Inc.)
- Office Ally Inc. (Patient Ally)
- Records for Living, Inc.
- Practice Fusion, Inc. (AllScripts Healthcare Solutions, Inc.)
- JVS Group (SoftClinic Software)
- Knapsack Health
- Zapbuild Technologies Private Limited
- Validic, Inc.
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