Master Patient Index Software Market Forecasts to 2028 – Global Analysis By Type(Service, Software), Deployment (Cloud-Based, On-Premises), Application (Clinics, Hospitals) and By Geography
According to Stratistics MRC, the Global Master Patient Index Software Market is accounted for $776.40 million in 2020 and is expected to reach $1,936.11 million by 2028 growing at a CAGR of 12.1% during the forecast period. The adoption of cloud-based technologies and digitalization of healthcare processes are the factors driving the market growth. However, the high cost of software is hampering the growth of the market.
Master patient index software is a patient database used by healthcare organizations to maintain accurate medical data across its various departments. This type of software is designed to ensure that patient data is accurate and consistent across the organization regardless of the systems being updated such as throughout clinical, financial and administrative system. Patients are assigned a unique identifier index number, so they are represented only once across all the organization's systems. This MPI software is the link to track patient activity across care settings in an enterprise or health information exchange.
Based on the type, the software segment is going to have lucrative growth during the forecast period due to growing advancements in new and existing master patient index software, and the adoption of the software in the healthcare system. By geography, North America is going to have high growth during the forecast period due to the increasing adoption of this software in the region.
Some of the key players profiled in the Master Patient Index Software Market include Allscripts Healthcare Solutions, Inc., Intersystems Corporation, Just Associates, Inc., McKesson Corporation, MEDITECH, NextGate, Oracle Corporation, QuadraMed Affinity Corporation, Verato, and Wipro Limited.
Estimated Market Size in 2020:
USD 776.40 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 1,936.11 million
Tables, Graphs & Figures
Type, Deployment, Application, and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2054 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Master Patient Index Software Market is majorly driven by the adoption of cloud-based technologies and digitalization of healthcare processes.
The hospitals segment is growing at a highest CAGR owing to the need to maintain a huge database of patients.
North America dominated with a significant market share due to the due to the increasing adoption of advanced technologies in the region.
Asia Pacific market is growing at a highest CAGR owing to the increasing number of healthcare facilities and the growing digitalization taking place in the major economies of the region.
Key players in Master Patient Index Software Market include Allscripts Healthcare Solutions, Inc., Intersystems Corporation, Just Associates, Inc., McKesson Corporation, MEDITECH, NextGate, Oracle Corporation, QuadraMed Affinity Corporation, Verato, and Wipro Limited.
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