Published Date: 2-Nov-2021
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According to a new report Global Personal Health Record Software Market, published by KBV research, The Global Personal Health Record Software Market size is expected to reach $13.2 Million by 2027, rising at a market growth of 9.8% CAGR during the forecast period.
The software & mobile apps segment acquired the highest revenue share in the market in 2020. The increasing technological improvements in the healthcare sector would accelerate the growth of the segment. There is a growing demand for health record applications, which require a smart and easy-to-practice user interface along with a high-speed internet connection for faster accessibility.
The cloud-based segment is anticipated to showcase the fastest growth rate during the forecast period. The growing demand for flexibility in data usage cost-effectiveness in IT infrastructure for companies, and numerous device access from any location, would augment the growth of the segment. In terms of e-health, the security & privacy of health-related information is among the key challenges for the market players.
North America emerged as the leading region in the personal health record software market with the largest revenue share in 2020. The key aspects fueling the growth of the regional market are the increasing government initiatives for eHealth, and the augmented need to follow regulatory standards & reduce the high healthcare costs. Additionally, the increasing focus of non-government organizations on developing a more sustainable healthcare system in this region would boost the growth of the regional market over the forecast period.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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, and Validic, Inc.
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