Overview and Scope
Personal health record (PHR) software refers to digital tools or platforms designed to allow individuals to manage and store their health-related information in electronic form. This software helps to improve communication, care coordination, and public health, and it can empower individuals to take control of their own health.
Sizing and Forecast
The personal health record software market size has grown strongly in recent years. It will grow from $9.20 billion in 2023 to $10.14 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to the market demand and supply, government initiatives, integration with traditional record keeping, increased chronic disease management, consumer demand for accessible healthcare information.
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Segmentation & Regional Insights
The personal health record software market covered in this report is segmented –
1) By Component: Software And Mobile Applications, Service
2) By Deployment: Cloud-Based, Web-Based
3) By Architecture: Payer-Tethered, Provider-Tethered, Standalone
North America was the largest region in the personal health record software market in 2023. The regions covered in the personal health record software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing demand for digital health solutions is expected to propel the growth of the personal health record software market going forward. Digital health solutions refer to the integration of technology and digital tools into healthcare delivery to improve efficiency, accessibility, quality of care, and patient outcomes. Personal health record software is used in digital health solutions to empower patients, improve care coordination, enhance clinical decision-making, and promote better health outcomes. For instance, in August 2022, according to a report published by the Australian Digital Health Agency, an Australia-based government agency, between 2020 and 2022, a total of 118.2 million telehealth services were provided to 18 million patients, with over 95,000 practitioners utilizing telehealth services during this period. Further, in February 2023, according to a survey of 7,980 U.S. adults by Rock Health, a US-based healthcare organization, telemedicine adoption had surged, with 80% of respondents accessing care remotely, up from 72% in 2021. Therefore, the rising demand for digital health solutions is driving the growth of the personal health record software market.
Key Industry Players
Major companies operating in the personal health record software market report are GE Healthcare, Cerner Corporation, Allscripts, eClinicalWorks, Athenahealth, NextGen Healthcare, Meditech, Greenway Health, CareCloud Inc., Kareo, Zapbuild, E-MDs Inc., SoftClinic Software, Practice Fusion Inc., AdvancedMD, Practice Fusion, HealthFusion, CureMD, Epic Systems Corporation, NoMoreClipboard, Amazing Charts, Validic Inc., Health Companion, Patient Ally, Healthspek, 75Health (Kaaspro), Knapsack Health, Records For Living Inc., DrChrono, ChARM Health
The personal health record software market report table of contents includes:
1. Executive Summary
- Personal Health Record Software Market Characteristics
- Personal Health Record Software Market Trends And Strategies
- Personal Health Record Software Market – Macro Economic Scenario
- Global Personal Health Record Software Market Size and Growth
. - Global Personal Health Record Software Market Competitive Benchmarking
- Global Personal Health Record Software Market Competitive Dashboard
- Key Mergers And Acquisitions In The Personal Health Record Software Market
- Personal Health Record Software Market Future Outlook and Potential Analysis
- Appendix
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