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

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

  • July 2021 •
  • 93 pages •
  • Report ID: 6134589 •
  • Format: PDF
The master patient index software market in Asia Pacific is expected to grow from US$ 180.3 million in 2021 to US$ 371.2 million by 2028; it is estimated to grow at a CAGR of 10.9% from 2021 to 2028. Continuously rising need of better healthcare services, as a basic requirement, is encouraging advancements in the healthcare sector in developing countries in Asia Pacific. Healthcare IT solutions benefit through reduced inefficiencies, accurate diagnosis and treatment, and lowered healthcare costs, among others. The solutions also help healthcare service providers in offering customized medication, quick diagnosis of new aliments, and better access to healthcare services, thereby improving the quality of life of people.
Countries such as India, Japan, and China have adopted digital or electronic health record technologies.For example, healthcare systems in India have adopted digital health records (DHRs).

According to Invest India, ~80% of healthcare professionals have shared patient’s information with other healthcare professionals, working within either the same or other facilities.Similarly, the Ministry of Health and Sports of Myanmar is also working on the implementation of a nationwide MPI with collaborative process planned under the strategic action plan 2017–2021 to strengthen health information.

These efforts are expected to contribute to the development of Myanmar’s digital health system. Thus, the focus in having unified medical record systems in developing countries is serving significant opportunities for the master patient index software providers.
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.
The COVID-19 pandemic has put a major strain on the health systems of many countries around the world.Testing capacity in many Asia Pacific countries was limited and of low quality in the initial days of the pandemic, which led to a surge in the COVID-19 cases.

However, many countries, such as South Korea, Japan, and Singapore, were efficiently contained the situation through robust tracking and testing.Also, India has the second-highest number of cases in the world after the US.

The increasing burden on existing healthcare systems and rising demand for advanced data collection and analysis technologies are expected to drive the Asia Pacific Master Patient index software market, even during the pandemic.In January 2021, BC Platforms, a significant clinical and genomic data management player, announced a collaboration with Japan-based RIKEN research institution and the Finnish Institute for Health and Welfare (‘THL’).

Moreover, adoption of digitalization of the healthcare system, the growing preference for remote patient care in the developing countries in the region, and a more significant number of regulatory agencies laying stress on value and patient outcome, patient engagement is expected to increase adoption of the master patient index software in coming years.
The overall Asia Pacific 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 Asia Pacific 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 Asia Pacific Master patient index software market. McKESSON CORPORATION; Oracle Corporation; Wipro Limited; Allscripts Healthcare Solutions, Inc.; MEDITECH; and Intersystems Corporation are among a few players operating in the Asia Pacific master patient index software market.
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