Personal Health Record Software Market Size by Research Nester Reveals the Market to Grow with a CAGR of 10.0% During 2025-2037 and Attain USD 31.3 Billion by 2037

Research Nester’s recent market research analysis on “Personal Health Record Software Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitor’s analysis and a detailed overview of the global personal health record software market in terms of market segmentation by type, deployment, application, end use, and by region.
Increased Demand for Patient-Centered Healthcare to Promote Global Market Share of Personal Health Record Software
The growing demand for patient-centered healthcare is driving the PHR software market as individuals increasingly seek tools that allow them to take an active role in managing their health. This shift is especially evident with the rise in chronic diseases, where continuous monitoring and data tracking are essential for effective management. As providers focus more on tailored, patient-centric models, the need for accessible and comprehensive PHR solutions is anticipated to keep growing. Moreover, growing investments in this sector are expected to further boost the PHR software market in the upcoming years. For instance, in July 2022, health tech startup Eka Care raised USD 15 million in Series A funding round led by Hummingbird Ventures, to enhance user experience for their digital health app Eka Care.
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Some of the major growth factors and challenges that are associated with the growth of the global personal health record software market are:
Growth Drivers:
• Rising adoption of wearable health technology
• Advancements in cloud computing and data analytics
Challenges:
The increased focus on data privacy security regulations poses a significant challenge in the PHR software market. These systems store sensitive health information, and they must comply with strict data protection standards, such as HIPAA in the U.S. and GDPR in the EU, to safeguard user privacy. Ensuring compliance with these regulations can be resource-intensive, requiring robust security measures, regular audits, and constant updates to address evolving cyber threats.
By end use, the global personal health records software market is segmented into patients, insurance companies, healthcare providers, and other end-users. The patient segment is anticipated to garner the highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. The expansion of this market is attributed to individuals increasingly seeking tools to actively manage their health information and make informed healthcare decisions. As digital health adoption expands and patients expect more control over their health data, the patient segment’s use of PHR software is anticipated to grow further, making it the primary driver in the market.
By region, the Europe personal health record software market is to generate a considerable revenue by the end of 2037. The region’s market is driven by the integration of AI for predictive health insights and the rise of value-based healthcare models. As European healthcare systems emphasize preventive care, PHRs are becoming essential for tracking patient outcomes and improving chronic disease management. In March 2022, InterSystems announced the launch of InterSystems HealthShare Health Connect Cloud. It is a new platform-as-a-service (PaaS), streamlining interoperability and data integration between clinical systems and applications. These launches are anticipated to further expand the global companies’ presence in the Europe market, causing a considerable expansion in the region.
This report also provides the existing competitive scenario of some of the key players of the market, including Greenway Health, Health Companion, Healthspek, Kareo, Knapsack Health, NextGen Healthcare, NoMoreClipboard, Patient Ally, and others.
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https://www.researchnester.com/reports/personal-health-record-software-market/6618
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