Personal health record software market to reach USD 15.55B

Zion Market Research has published a new research report titled “Personal Health Record Software Market 2023 – 2030” in its research database. According to the latest research study, the global personal health record software market size was worth at USD 8.21 billion in 2022 and it is expected to surpass around USD 15.55 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 8.30% during the forecast period 2023 to 2030.

What is Personal Health Record Software? How big is the Personal Health Record Software Industry?

Report Overview:

Personal health record (PHR) software programmes are digital tools that help individuals manage information linked to their health. PHR stands for “personal health record.” The data consists of information regarding the patient’s medical history, medications, test results, and other data relating to their health. Every last bit of the enormous amount of data is kept in a single, well-guarded repository. The term “personal health record software industry” refers to the enterprises that operate in the sector and are responsible for producing and offering such apps or digital programmes to customers, in addition to the services that are linked with these endeavours.

Patients are able to more effectively manage their health-related information with the use of PHR software, as opposed to filing this information on paper, which may not be as effective as the digital way of maintaining such crucial data. As a result of patients becoming more knowledgeable about their own medical issues, the demand for the aforementioned software and applications has been gradually expanding at an accelerating rate, and this pattern is anticipated to continue in the years to come.

It is anticipated that the global market for software to manage personal health records would expand as a result of the growing demand among patients for greater control over their own personal health information. People are shifting their focus away from merely relying on medical professionals to handle information connected to their medical condition in favour of taking greater responsibility for their own health records and increasing the amount of control they have over such data. Because patient health record (PHR) software is one of the few tools currently available on the market that enable patients to achieve better management of their health, the demand for such applications and systems is growing.

In addition to this, the continuous strain that the healthcare sector is under to meet the requirements of an increasing number of patients has caused various medical communities to encourage people to embrace PHR systems as part of an active lifestyle. This is because the number of patients continues to rise. Employees in the healthcare industry profit from this as well because they are able to retrieve the information recorded without making any mistakes.

The global personal health record software market is segmented as follows :
By Deployment

• Cloud-Based
• Web-Based

By Component

• Software & Mobile Applications
• Service

By Architecture

• Payer-Tethered
• Provider-Tethered
• Standalone

Competitive Landscape
Some of the main competitors dominating the global Personal Health Record Software market include –

• Allscripts
• Athenahealth
• Cerner Corporation
• eClinicalWorks
• Epic Systems Corporation
• GE Healthcare
• Greenway Health
• Meditech
• NextGen Healthcare
• CareCloud
• CureMD
• eMDs
• HealthFusion
• AdvancedMD
• Amazing Charts
• Practice Fusion, and others.

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