Personal Health Record Software Market: Industry Analysis and Forecast (2021-2027) by Component, Deployment Mode, Architecture Type, and Region

Personal Health Record Software Market size was valued at US$ 7.69 Bn. in 2020 and the North America segment dominated the Personal Health Record Software Market.

Personal Health Record Software Market Overview:

A personal health record is a compilation of health-related data. You already have a basic, traditional personal health record if a patients has an immunization record or a folder of medical papers. However, there is one fundamental disadvantage to the typical personal health record: patients rarely have it with when in need. Patients' health information is accessible at any time via web-enabled devices, such as computers, smartphones, and tablets, thanks to electronic personal health records, also known as personal health record software (PHRs) or personal medical record software.

Anything that aids doctors and patients in managing their health should be included in a PHR such as:

• Names and phone numbers of doctors. • Allergies, particularly medication allergies, are a common occurrence. • Medications, as well as their dosages. • Illnesses and surgeries, with dates. • High blood pressure is an example of a chronic health concern. • Advance directives or living wills. • History of the family. • History of vaccinations. Personal Health Record Software Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2015 to forecast the market through 2026. 2020 is considered a base year however 2020's numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Personal Health Record Software Market Dynamics:

During the projection period, the market will be driven by factors such as the rising need for centralizing and streamlining healthcare information, rising demand for cloud-based software for dealing with individual data, and rising initiatives to encourage patient-centric care. For example, Apple launched the Personal Health Record (PHR) service in March 2018 after a two-month test experiment to improve patient engagement. The COVID-19 epidemic has thrown the world of work and life into disarray, necessitating the rapid use of digital technologies as firms from all sectors and regions ramped up their digital transformation efforts and put their products and services online. Previously, healthcare organizations owned a large number of patient records, which were frequently kept in silos that hindered healthcare practitioners from sharing health information. As a result of the epidemic, healthcare organizations have been pushed to share individual medical records in a way that is both meaningful and easy to access. For example, the Office of the National Coordinator for Health Information Technology, in collaboration with the Centers for Medicare & Medicaid Services, released two new guidelines that will take effect in April 2021. These rules are designed to improve people's ability to access their health information. According to one rule, healthcare organizations must make health-record data available electronically using widely accepted technical standards. The other prohibits "information blocking," which occurs when healthcare organizations erect disproportionate practical, financial, and technical impediments to the exchange of health data. The COVID-19 pandemic had a beneficial impact on market growth overall. The increasing acceptance of new technologies to meet expanding client needs is credited with the market's rise.

Personal Health Record Software Market Segment Analysis:

The web-based deployment mode segment is anticipated to adhere to the growth of the Personal Health Record Software market. With a revenue share of 52.0% in 2020, the web-based deployment mode segment dominated the personal health record software market. During the projection period, the category is expected to be driven by increased adoption of online apps and advancements in digitalization. Users can now use Uniform Resource Locators to access apps thanks to the advancement of cutting-edge and innovative technologies (URLs). Furthermore, benefits connected with web-based PHR software, such as the quick sharing of important information between patients and numerous providers, contribute to the segment's growth. In software & mobile apps, the segment is supplementing the growth of the Personal Health Record Software market. With a sales share of approximately 57 % in 2020, the software & mobile apps category dominated the industry. The segment's growth is aided by rising technical breakthroughs in the healthcare business. The need for health record applications that require a clever and simple user interface, as well as a high-speed internet connection for quick access, is growing. As a result, rising smartphone usage and high-speed networks are expected to drive segment growth over the projection period. Over the projected period, the services segment is expected to grow at the fastest rate. Previously, patient health records (PHRs) were stored as paper documents. PHR services are available from companies like PicnicHealth. PicnicHealth raised $25 million in September 2020 for its patient health record management business. Personal Health Record Software Market by component Standalone is foremost in the Architecture Type Segment of Personal Health Record Software Market. With a revenue share of over 40% in 2020, the standalone category topped the worldwide personal health record market. From 2021 to 2027, the segment will grow at the fastest CAGR. The system is controlled by the patients, and physicians can only see the data if their patients permit them. Further, the rise of the category is being fuelled by the benefits of using a standalone PHR, such as perceived privacy control and belief. Furthermore, patient data management is the primary distinguishing feature of standalone PHRs, which is projected to drive segment expansion.

Personal Health Record Software Market Regional Insights:

North America is leading in the Regional Segment of Personal Health Record Software Market. North America conquered the market in 2020, with a profit share of more than 56.4 %. Government initiatives for eHealth, as well as the increased need to follow regulatory rules and control rising healthcare expenses, are important contributors to its rise. Furthermore, non-government organizations' significant focus on the construction of a highly sustainable healthcare system in the region will propel market expansion during the projection period. Over the projected period, the rest of the globe is expected to increase at the fastest rate. The key driver driving the market's growth is the growing need for remote patient monitoring solutions, which is driven by the aging population and the rising number of cases of long-term chronic diseases. The Architecture Type of the report is to present a comprehensive analysis of the Personal Health Record Software Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Personal Health Record Software Market dynamics, structure by analyzing the market segments and projecting the Personal Health Record Software Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the Personal Health Record Software Market make the report investor’s guide.

Personal Health Record Software Market Scope: Inquire before buying

Personal Health Record Software Market by Scope

Personal Health Record Software Market, by Region

• North America o US o Canada o Mexico • Europe o U.K o France o Germany o Italy o Spain o Sweden o CIS Countries o Rest of Europe • Asia Pacific o China o India o Japan o South Korea o Australia o ASEAN o Rest of Asia Pacific • The Middle East and Africa o South Africa o GCC Countries o Egypt o Nigeria o Rest of ME&A • South America o Brazil o Argentina o Rest of South America

Personal Health Record Software Market Key Players

Healthspek • Health Companion • NoMoreClipboard • Patient Ally • Records For Living, Inc. • Practice Fusion, Inc. • SoftClinic Software • Knapsack Health • 75Health (Kaaspro) • Zapbuild • Validic • PA SUN • IBM • PCCW Solution • PKU Healthcare IT CO., Ltd • Kingdee • Duchang IT • GoodWill • Wining • Neusoft • CPSI • Epic Systems

FAQs:

1. What is the Personal Health Record Software Market value in 2020? Ans: The Personal Health Record Software Market value in 2020 was estimated as 7.69 Billion USD. 2. Which Deployment Mode segment is likely to dominate the Personal Health Record Software Market growth? Ans: The web-based deployment mode segment dominated the personal health record software market with a revenue share of 52.0% in 2020. 3. Which Region is expected to dominate the Personal Health Record Software Market during the forecast period? Ans: North America dominated the personal health record software market with a share of 56.4% in 2020. This is attributable to government initiatives for eHealth, the rising need to follow regulatory guidelines, and the rising need to curtail the escalating healthcare costs. 4. What are the growth opportunities in the Personal Health Record Software market? Ans: Key factors that are driving the personal health record market growth include growing demand for centralizing & streamlining healthcare information, increasing demand for cloud-based software for dealing with individual data, and rising initiatives to promote patient-centric care. 5. Who are the key players in the Personal Health Record Software Market? Ans: Some key players operating in the personal health record software market include Healthspek; Health Companion; NoMoreClipboard; Patient Ally; Records For Living, Inc.; Practice; Fusion, Inc.; SoftClinic Software; Knapsack Health, 75Health (Kaaspro); Zapbuild; and Validic.
1. Global Personal Health Record Software Market: Research Methodology 2. Global Personal Health Record Software Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Personal Health Record Software Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Personal Health Record Software Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Personal Health Record Software Market Segmentation 4.1 Global Personal Health Record Software Market, by Component Type (2020-2027) • Software & Mobile Apps • Services 5.2 Global Personal Health Record Software Market, by Deployment Mode (2020-2027) • Web-based • Cloud-based 5.3 Global Personal Health Record Software Market, by Architecture Type (2020-2027) • Payer Tethered • Provider Tethered • Standalone 5. North America Personal Health Record Software Market (2020-2027) 5.1 North America Personal Health Record Software Market, by Component Type (2020-2027) • Software & Mobile Apps • Services 5.2 North America Personal Health Record Software Market, by Deployment Mode (2020-2027) • Web-based • Cloud-based 5.3 North America Personal Health Record Software Market, by Architecture Type (2020-2027) • Payer Tethered • Provider Tethered • Standalone 5.4 North America Personal Health Record Software Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Personal Health Record Software Market (2020-2027) 6.1. Asia Pacific Personal Health Record Software Market, by Component Type (2020-2027) 6.2. Asia Pacific Personal Health Record Software Market, by Deployment Mode (2020-2027) 6.2. Asia Pacific Personal Health Record Software Market, by Architecture Type (2020-2027) 6.2. Asia Pacific Personal Health Record Software Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. The Middle East and Africa Personal Health Record Software Market (2020-2027) 7.1 Middle East and Africa Personal Health Record Software Market, by Component Type (2020-2027) 7.2. Middle East and Africa Personal Health Record Software Market, by Deployment Mode (2020-2027) 7.2. Middle East and Africa Personal Health Record Software Market, by Architecture Type (2020-2027) 7.4. Middle East and Africa Personal Health Record Software Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Personal Health Record Software Market (2020-2027) 8.1. Latin America Personal Health Record Software Market, by Component Type (2020-2027) 8.2. Latin America Personal Health Record Software Market, by Deployment Mode (2020-2027) 8.2. Latin America Personal Health Record Software Market, by Architecture Type (2020-2027) 8.4 Latin America Personal Health Record Software Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Personal Health Record Software Market (2020-2027) 9.1. European Personal Health Record Software Market, by Component Type (2020-2027) 9.2. European Personal Health Record Software Market, by Deployment Mode (2020-2027) 9.3. European Personal Health Record Software Market, by Architecture Type (2020-2027) 9.4. European Personal Health Record Software Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1 LGC Limited. 10.1.1 Company Overview 10.1.2 Financial Overview 10.1.3 Global Presence 10.1.4 Capacity Portfolio 10.1.5 Business Strategy 10.1.6 Recent Developments 10.2 Healthspek 10.3 Health Companion 10.4 NoMoreClipboard 10.5 Patient Ally 10.6 Records For Living, Inc. 10.7 Practice Fusion, Inc. 10.8 SoftClinic Software 10.9 Knapsack Health 10.10 75Health (Kaaspro) 10.11 Zapbuild 10.12 Validic 10.13 PA SUN 10.14 IBM 10.15 PCCW Solution 10.16 PKU Healthcare IT CO., Ltd 10.17 Kingdee 10.18 Duchang IT 10.19 GoodWill 10.20 Wining 10.21 Neusoft 10.22 CPSI 10.23 Epic Systems.

About This Report

Report ID 126096
Category Healthcare
Published Date Nov 2021
Updated Date
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