Personal Health Record Software Market Is Expected To See Growth Rate Of 9.9% By 2028Posted by rahul nikade on September 1st, 2022 Personal Health Record Software Industry Overview The global personal health record software market size was valued at USD 7.07 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 9.9% over the forecast period. Factors such as 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 will drive the market during the forecast period. For instance, in March 2018, Apple introduced Personal Health Record (PHR) program after two months of a pilot project to enhance patient engagement. The COVID-19 pandemic has toppled the way of work and life, generating an immediate requirement for digital tools as businesses across all sectors and regions augmented their digital revolution efforts and moved their products & services online. Gather more insights about the market drivers, restrains and growth of the Global Personal Health Record Software Market In earlier days, numerous patient records were controlled by healthcare groups and, usually, the records lived in siloes that prevented healthcare practitioners from sharing health information. Thus, the pandemic has enforced healthcare groups to share individual’s medical records in a set-up that is meaningful and effortlessly accessible. These rules are intended to advance the ability of individuals to access their health data. One rule needs healthcare groups to make health record data available electronically through broadly used technical standards. The other forbids “information blocking,” where healthcare groups place excessive practical, cost, and technical barriers to the sharing of health information. Overall, the COVID-19 pandemic positively affected the market growth. The market growth is attributed to the high acceptance of advanced technologies to cater to rising customer needs. Moreover, rising awareness among urban patients about medical information storage and management, and increasing government initiatives to encourage paperless data integration in the healthcare sector are expected to support the market growth. However, concerns over individual health data security are forming barriers. This, in turn, is affecting patient engagement initiatives and limiting the adoption of PHR solutions among end-users. Browse through Grand View Research's Healthcare IT Industry Research Reports.
Personal Health Record Software Market Segmentation Grand View Research has segmented the global personal health record software market on the basis of component, deployment mode, architecture type, and region: PHR Software Component Outlook (Revenue, USD Million, 2016 - 2028)
PHR Software Deployment Mode Outlook (Revenue, USD Million, 2016 - 2028)
PHR Software Architecture Type Outlook (Revenue, USD Million, 2016 - 2028)
PHR Software Regional Outlook (Revenue, USD Million, 2016 - 2028)
Market Share Insights
Key Companies profiled: Some prominent players in the global personal health record software market include
Order a free sample PDF of the Personal Health Record Software Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Like it? Share it!More by this author |