Market Overview:
According to our new market research study titled “Master Patient Index Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and Deployment,” the market is expected to reach US$ 1,678.86 million by 2028 from US$ 776.36million in 2020. It is estimated to grow at a CAGR of 10.3% from 2021 to 2028. The report highlights the trends prevalent in the market and the factors driving the market along with those that act as deterrents to its growth.
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Based on type, the master patient index software market is segmented into software and service. In 2020, the software segment held a larger share of the market and is estimated to grow at a significant CAGR during the forecast period. Due to growing advancement in new and existing master patient index software, the adoption of the software in the healthcare system is likely to boost the market growth during the forecast period. Also, the developments by market players in this segment are likely to enhance the growth of the segment. In June 2019, Verato announced that the company is ranked number 1 for Enterprise Master Patient Index (EMPI) in the 2019 Black Book Survey.
The global master patient index software market is driven by assistance in maintaining and managing clinical, financial, and demographic data of patients However, the high cost of software is likely to hinder the market’s growth.
Prominent players operating in master patient index software market include McKesson corporation; Oracle Corporation; Wipro Limited; Allscripts Healthcare, LLC; NextGate; Just Associates, Inc.; Verato; QuadraMed Affinity Corporation; MEDITECH; and Intersystems Corporation. The companies have implemented several inorganic strategies to enhance the market value and maintain their position in the market. For instance, in August 2020, Allscripts and Sheba Medical Center have developed a collaboration to increase the pace of artificial intelligence technology and enhance patient safety through the hospitals' ARC Innovation Center. ARC, which stands for accelerate, reinvent, and collaborate, is Sheba Medical Center's research arm, with a goal of transforming healthcare by 2030.
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The report segments the global master patient index software market as follows:
By Type
- Software
- Service
By Deployment
- Cloud-based
- On-premises
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific (APAC)
- Japan
- China
- India
- Australia
- South Korea
- Rest of APAC
- Middle East & Africa (MEA)
- South Africa
- UAE
- Saudi Arabia
- Rest of MEA
- South and Central America (SCAM)
- Brazil
- Argentina
- Rest of SCAM
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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