The Asia Pacific Personal Health Record Software Market would witness market growth of 11.2% CAGR during the forecast period (2021-2027).
Personal health records streamline the process of sharing correct health data with healthcare providers that helps the patient to enable care coordination and improve chronic disease management. The increasing cases of chronic diseases like asthma, cancer, COPD, diabetes, and stroke, are estimated to accelerate the adoption of PHRs. Therefore, effective delivery of care and enhanced patient-provider relationships would support the growth of the personal health record software market.
There are rising government initiatives promoting healthcare IT uses, which would augment the growth of the market. For example, My Health Record is a national digital health record platform in Australia. Moreover, various technological improvements in the healthcare IT services are projected to accelerate the growth of the personal health record software market.
The rising disposable income of the customers in emerging nations like India and China is among the key driving factors fueling the growth of the regional personal health record software market. Additionally, the increasing government initiatives that are promoting the usage of various advanced healthcare IT solutions to better facilitate and streamline the healthcare sector are estimated to augment the regional growth of the market.
These supportive government initiatives across various nations are motivating people to go paperless in order to save the environment along with supporting healthcare IT solutions and hence, surging the growth of the regional market. In addition, the growing technological advancements in the healthcare system of this region are opening lucrative opportunities for the key market players to enter and prosper this region. The huge efforts taken by the governments of various nations to make a strong healthcare system are boosting the demand for PHR software in the regional market.
The China market dominated the Asia Pacific Cloud-based Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $419 Thousands by 2027. The Japan market is showcasing a CAGR of 12.5% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 12.6% during (2021 - 2027).
Based on Component, the market is segmented into Software & Mobile Apps and Services. Based on Architecture Type, the market is segmented into Payer Tethered, Standalone and Provider Tethered. Based on Deployment Mode, the market is segmented into Web-based and Cloud-based. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Personal Health Record Software Market is Projected to reach USD 13.2 million by 2027, at a CAGR of 9.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Health Companion, Inc., NoMoreClipboard, LLC (Medical Informatics Engineering, Inc.), Office Ally Inc. (Patient Ally), Records for Living, Inc., Practice Fusion, Inc. (AllScripts Healthcare Solutions, Inc.), JVS Group (SoftClinic Software), Knapsack Health, Zapbuild Technologies Private Limited, and Validic, Inc.
By Component
By Architecture Type
By Deployment Mode
By Country
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