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Europe Master Patient Index Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type ; Deployment

Europe Master Patient Index Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type ; Deployment

  • July 2021
  • 96 pages
  • ID: 6134643
  • Format: PDF
  • The Insight Partners

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The master patient index software market in Europe is expected to grow from US$ 224.1 million in 2021 to US$ 433.3 million by 2028; it is estimated to grow at a CAGR of 9.9% from 2021 to 2028. Continuous developments in the healthcare sector encourage the healthcare providers to adopt healthcare IT solutions for ensuring easy workflow. MPI software assigns a unique identification number to every patient, and this number allows to maintain consistent and accurate information of every patient, thereby allowing automatic management of patients’ data. MPI software facilitate authorized exchange of patient data among hospitals, rehabilitation centers, pharmacies, and other healthcare providers. The access to exchanged data is enabled through a unique identifying number that is specific to single medical record. Thus, these software avoid the duplication of patients’ information, which may occur due to several factors including demographics, error during data entry, and incomplete proofs. Ensuring accuracy helps healthcare organizations and facility centers in tracking patients previous records when they revisit the facilities.
Health care providers rely on the automated patient management.Thus, health information exchange initiatives, coupled with the heavy dependence on patient management solutions, are driving the demand for MPI software.

This software has been a key tool for healthcare centers to maintain clinical, financial, and demographic data across the care continuum, thus playing significant role in providing safe and quality services, which is driving the growth of the master patient index software market.
The market for master patient index software market is segmented into type, and deployment.Based on type, the master patient index software market is segmented into software, and service.

In 2020, based on type, the software segment held the largest share of the market, also the same segment is estimated to grow at the highest CAGR due to increasing development in the healthcare IT by the market players, and adoption patient data management software to enhance patient care during the forecast period.
Many pharmaceutical companies in the region are actively engaged in the development of the COVID-19 vaccine.Some have donated potential compounds for emergency use and clinical trials, including compounds formerly tested on other viral pathogens such as Ebola.

Many companies utilize existing technologies that provide the ability to rapidly upscale production once a potential vaccine candidate is identified.Pharmaceutical companies prioritize research and development of COVID-19 related diagnostics, treatments, health technologies, and vaccines.

Moreover, companies and research centers focus on the utilization of smart technologies to gather patient data, enabling them to generate insights and make data-driven decisions.Furthermore, the software offers a significant level of anonymity, allowing the patients to practice their right to privacy.

Therefore, the preference for adopting patient data management systems such as EMR, EHR, master patient index software, and other technologies provides a favorable environment for the growth of the Europe Master Patient index software market during the forecast period.
The overall Europe master patient index software market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining overview and forecast for the Europe master patient index software market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe Master patient index software market. McKESSON CORPORATION, Oracle Corporation, Wipro Limited, Allscripts Healthcare Solutions, Inc., NextGate, MEDITECH, and Intersystems Corporation are among a few players operating in the Europe master patient index software market.

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