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Personal Health Record Software Market Estimated to Cross US$ 24.87 Mn by 2030

The global Personal Health Record Software market size is expected to reach USD 24.87 million by 2030 and is expected to expand at a CAGR of 15.9% from 2021 to 2030.

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Growth Factors

High acceptance of advanced technologies, growing demand for centralizing, and streamlining of healthcare information, rising awareness among patients for medical information storage and management, and increasing government initiatives will support the market growth during the forecast period.

For instance, in October 2019, The Union Ministry of Health and Family Welfare, Government of India developed an app, ‘My Health Record’, which permits users to store their past prescriptions, detailed health profile, lab records & diagnoses at one platform and share it with medical specialists when required. The COVID-19 has toppled the way of work and life, enforcing healthcare groups to share individual’s medical records in a format that is meaningful and easily available. 

Report Highlights

The software & mobile apps segment dominated the market with a revenue share of over 67% in 2020. Rising technological developments in the healthcare industry support the segment growth. The demand for health record applications that need a smart and easy-to-practice user interface and high-speed internet connection for quick accessibility is increasing. Thus, increasing usage of smartphones and high-speed networks is anticipated to fuel the segment growth during the forecast period.

The web-based deployment mode segment dominated the personal health record software market with a revenue share of 62.0% in 2020. The rising adoption of online apps and development in digitization is likely to drive the segment during the forecast period. Progress of the up-to-date and innovative technologies allows users to access apps with the aid of Uniform Resource Locators (URLs). In addition, advantages associated with web-based PHR software, such as easy exchange of vital details between patients and multiple clinicians, further contribute to segment growth.

The standalone segment led the global personal health record market in 2020 with a revenue share of over 50%. The segment will expand further at the fastest CAGR from 2021 to 2030. The system is completely patient-controlled, and providers can only view the data when their patients offer them access. Benefits of using a standalone PHR, such as perceived privacy control and belief, are the main factors boosting the segment growth. In addition, patient data management is the main distinctive factor associated with standalone PHRs; this is also expected to support segment growth.

The provider-tethered segment is expected to grow at a steady CAGR of more than 12.5% from 2021 to 2030. Provider-tethered PHRs are secured to a healthcare administration’s internal record system. Government initiatives to encourage healthcare IT usage and the introduction of technologically advanced healthcare services are expected to drive the segment growth.

North America dominated the market and accounted for a revenue share of over 55% in 2020. The major factor contributing to its growth are government initiatives for eHealth, and the increased need to follow regulatory guidelines & curtail the escalating healthcare costs. In addition, the strong focus of non-government organizations on the development of a highly sustainable healthcare system in the region will accelerate the market growth during the forecast period.

Key Players

  • Healthspek
  • Health Companion
  • NoMoreClipboard
  • Patient Ally
  • Records For Living, Inc.
  • Practice Fusion, Inc.
  • SoftClinic Software
  • Knapsack Health
  • 75Health (Kaaspro)
  • Zapbuild
  • Validic
Report Coverage Details
Market Size US$ 24.87 Mn by 2030
Growth Rate CAGR of 15.9% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Component, Deployment Mode, Architecture type
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Healthspek; Health Companion; NoMoreClipboard; Patient Ally; Records For Living, Inc.; Practice; Fusion, Inc.; SoftClinic Software; Knapsack Health, 75Health (Kaaspro); Zapbuild; Validic

Market Segmentation

  • Component
    • Software & Mobile Apps
    • Services
  • Deployment Mode
    • Web-based
    • Cloud-based
  • Architecture Type
    • Payer Tethered
    • Provider Tethered
    • Standalone
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
    • Rest of the World

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Personal Health Record Software Market, By Component

7.1.  Personal Health Record Software Market, by Component, 2021-2030

7.1.1.    Software & Mobile Apps

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Services

7.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Personal Health Record Software Market, By Deployment Mode

8.1.  Personal Health Record Software Market, by Deployment Mode, 2021-2030

8.1.1.    Web-based

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Cloud-based

8.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Personal Health Record Software Market, By Architecture Type

9.1.  Personal Health Record Software Market, by Architecture Type, 2021-2030

9.1.1.    Payer Tethered

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Provider Tethered

9.1.2.1.        Market Revenue and Forecast (2017-2030)

9.1.3.    Standalone

9.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Personal Health Record Software Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Component (2017-2030)

10.1.2.  Market Revenue and Forecast, by Deployment Mode (2017-2030)

10.1.3.  Market Revenue and Forecast, by Architecture Type (2017-2030)

10.1.4.  U.S.

10.1.4.1.      Market Revenue and Forecast, by Component (2017-2030)

10.1.4.2.      Market Revenue and Forecast, by Deployment Mode (2017-2030)

10.1.4.3.      Market Revenue and Forecast, by Architecture Type (2017-2030)

10.1.5.  Rest of North America

10.1.5.1.      Market Revenue and Forecast, by Component (2017-2030)

10.1.5.2.      Market Revenue and Forecast, by Deployment Mode (2017-2030)

10.1.5.3.      Market Revenue and Forecast, by Architecture Type (2017-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Component (2017-2030)

10.2.2.  Market Revenue and Forecast, by Deployment Mode (2017-2030)

10.2.3.  Market Revenue and Forecast, by Architecture Type (2017-2030)

10.2.4.  UK

10.2.4.1.      Market Revenue and Forecast, by Component (2017-2030)

10.2.4.2.      Market Revenue and Forecast, by Deployment Mode (2017-2030)

10.2.4.3.      Market Revenue and Forecast, by Architecture Type (2017-2030)

10.2.5.  Germany

10.2.5.1.      Market Revenue and Forecast, by Component (2017-2030)

10.2.5.2.      Market Revenue and Forecast, by Deployment Mode (2017-2030)

10.2.5.3.      Market Revenue and Forecast, by Architecture Type (2017-2030)

10.2.6.  France

10.2.6.1.      Market Revenue and Forecast, by Component (2017-2030)

10.2.6.2.      Market Revenue and Forecast, by Deployment Mode (2017-2030)

10.2.6.3.      Market Revenue and Forecast, by Architecture Type (2017-2030)

10.2.7.  Rest of Europe

10.2.7.1.      Market Revenue and Forecast, by Component (2017-2030)

10.2.7.2.      Market Revenue and Forecast, by Deployment Mode (2017-2030)

10.2.7.3.      Market Revenue and Forecast, by Architecture Type (2017-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Component (2017-2030)

10.3.2.  Market Revenue and Forecast, by Deployment Mode (2017-2030)

10.3.3.  Market Revenue and Forecast, by Architecture Type (2017-2030)

10.3.4.  India

10.3.4.1.      Market Revenue and Forecast, by Component (2017-2030)

10.3.4.2.      Market Revenue and Forecast, by Deployment Mode (2017-2030)

10.3.4.3.      Market Revenue and Forecast, by Architecture Type (2017-2030)

10.3.5.  China

10.3.5.1.      Market Revenue and Forecast, by Component (2017-2030)

10.3.5.2.      Market Revenue and Forecast, by Deployment Mode (2017-2030)

10.3.5.3.      Market Revenue and Forecast, by Architecture Type (2017-2030)

10.3.6.  Japan

10.3.6.1.      Market Revenue and Forecast, by Component (2017-2030)

10.3.6.2.      Market Revenue and Forecast, by Deployment Mode (2017-2030)

10.3.6.3.      Market Revenue and Forecast, by Architecture Type (2017-2030)

10.3.7.  Rest of APAC

10.3.7.1.      Market Revenue and Forecast, by Component (2017-2030)

10.3.7.2.      Market Revenue and Forecast, by Deployment Mode (2017-2030)

10.3.7.3.      Market Revenue and Forecast, by Architecture Type (2017-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Component (2017-2030)

10.4.2.  Market Revenue and Forecast, by Deployment Mode (2017-2030)

10.4.3.  Market Revenue and Forecast, by Architecture Type (2017-2030)

10.4.4.  GCC

10.4.4.1.      Market Revenue and Forecast, by Component (2017-2030)

10.4.4.2.      Market Revenue and Forecast, by Deployment Mode (2017-2030)

10.4.4.3.      Market Revenue and Forecast, by Architecture Type (2017-2030)

10.4.5.  North Africa

10.4.5.1.      Market Revenue and Forecast, by Component (2017-2030)

10.4.5.2.      Market Revenue and Forecast, by Deployment Mode (2017-2030)

10.4.5.3.      Market Revenue and Forecast, by Architecture Type (2017-2030)

10.4.6.  South Africa

10.4.6.1.      Market Revenue and Forecast, by Component (2017-2030)

10.4.6.2.      Market Revenue and Forecast, by Deployment Mode (2017-2030)

10.4.6.3.      Market Revenue and Forecast, by Architecture Type (2017-2030)

10.4.7.  Rest of MEA

10.4.7.1.      Market Revenue and Forecast, by Component (2017-2030)

10.4.7.2.      Market Revenue and Forecast, by Deployment Mode (2017-2030)

10.4.7.3.      Market Revenue and Forecast, by Architecture Type (2017-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Component (2017-2030)

10.5.2.  Market Revenue and Forecast, by Deployment Mode (2017-2030)

10.5.3.  Market Revenue and Forecast, by Architecture Type (2017-2030)

10.5.4.  Brazil

10.5.4.1.      Market Revenue and Forecast, by Component (2017-2030)

10.5.4.2.      Market Revenue and Forecast, by Deployment Mode (2017-2030)

10.5.4.3.      Market Revenue and Forecast, by Architecture Type (2017-2030)

10.5.5.  Rest of LATAM

10.5.5.1.      Market Revenue and Forecast, by Component (2017-2030)

10.5.5.2.      Market Revenue and Forecast, by Deployment Mode (2017-2030)

10.5.5.3.      Market Revenue and Forecast, by Architecture Type (2017-2030)

Chapter 11.  Company Profiles

11.1.              Healthspek

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              Health Companion

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              NoMoreClipboard

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              Patient Ally

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              Records For Living, Inc.

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.              Practice Fusion, Inc.

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.              SoftClinic Software

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.              Knapsack Health

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.              75Health (Kaaspro)

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.           Zapbuild

11.10.1.               Company Overview

11.10.2.               Product Offerings

11.10.3.               Financial Performance

11.10.4.               Recent Initiatives

11.11.           Validic

11.11.1.               Company Overview

11.11.2.               Product Offerings

11.11.3.               Financial Performance

11.11.4.               Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

13.2.              Glossary of Terms

 

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