Asia Pacific Master Patient Index Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Software, and Service); Deployment (Cloud-based, and On premises)
Market Introduction
Master patient index (MPI) is an essential as well as critical part of every hospital or a healthcare facility center. To maintain the huge database of patients’ MPI software or systems are used. MPI software or system is a primary feature build in the electronic health record (HER) to maintain a universal identity of patients at the organizational level. MPI helps in connecting patient records from several databases and reduces data duplication of patients. MPI also helps avoiding inaccuracy of data resulting in improper treatments.
Thus, the adoption of cloud-based technologies is expected to create a significant demand for master patient index software in the coming years, which is further anticipated to drive the master patient index software market.
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.
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Market Overview and Dynamics
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. A significant shift toward paperless data management has enabled various healthcare players to adopt cloud-based technologies. Also, decrease in the cost of cloud-based technologies, improvements in terms of flexibility and security, and low maintenance requirements and costs are further propelling the adoption of these technologies among healthcare organizations. These advantages help the provide high-quality services and personal care to patients. The cloud-based technologies have eliminated interoperability issues, and at the same time have enabled the easy data integration with a healthcare organization. As the healthcare data, available in huge volumes, are organized and saved on cloud servers, processing these data has become feasible for the healthcare professionals. Cloud-based technologies allow healthcare professionals to operate in tandem with different departments, institutions, and healthcare service providers and consumers. Furthermore, technological advancements are supporting the integration of artificial intelligence (AI) and machine learning in patient management, which assist users to manage healthcare operations and massive data. Thus, the adoption of cloud-based technologies boosts the demand for master patient index software to streamline and simplify the patient data management process.
Key Market Segments
In terms of type, the software segment accounted for the largest share of the Asia Pacific master patient index software market in 2020. In terms of deployment, the cloud-based segment held a larger market share of the master patient index software market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the master patient index software market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are McKESSON CORPORATION, Oracle Corporation, Wipro Limited, Allscripts Healthcare Solutions, Inc., MEDITECH, and Intersystems Corporation.
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- To understand the Asia Pacific master patient index software market landscape and identify market segments that are most likely to guarantee a strong return
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- Obtain market revenue forecast for market by various segments from 2021-2028 in Asia Pacific region.
ASIA PACIFIC MASTER PATIENT INDEX SOFTWARE MARKET SEGMENTATION
By Type
- Software
- Service
By Deployment
- Cloud-based
- On Premises
By Country
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
Companies Mentioned
- McKESSON CORPORATION
- Oracle Corporation
- Wipro Limited
- Allscripts Healthcare Solutions, Inc.
- MEDITECH
- Intersystems Corporation
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Master Patient Index Software Market – By Type
1.3.2 Master Patient Index Software Market – By Deployment
1.3.3 Asia Pacific Master Patient Index Software Market – By Country
2. Asia Pacific Master Patient Index Software Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Master Patient Index Software Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Master Patient Index Software Market- Asia Pacific PEST Analysis
4.3 Expert Opinion
5. Asia Pacific Master Patient Index Software Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Assistance in Maintaining and Managing Clinical, Financial, and Demographic Data of Patients
5.1.2 Adoption of Cloud-Based Technologies
5.2 Market Restraints
5.2.1 High Cost of Software
5.3 Market Opportunities
5.3.1 Emphasis on Building Unified Medical Record Systems in Developing Countries
5.4 Future Trends
5.4.1 Digitalization of Healthcare Processes
5.5 Impact Analysis
6. Master Patient Index Software Market – Asia Pacific Analysis
6.1 Asia Pacific Master Patient Index Software Market Revenue Forecasts and Analysis
7. Asia Pacific Master Patient Index Software Market Analysis and Forecasts To 2028 – By Type
7.1 Overview
7.2 Master Patient Index Software Market Revenue Share, by Type (2020 and 2028)
7.3 Software
7.3.1 Overview
7.3.2 Software: Master Patient Index Software Market– Revenue and Forecast to 2028 (US$ Million)
7.4 Service
7.4.1 Overview
7.4.2 Service: Master Patient Index Software Market– Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Master Patient Index Software Market Analysis and Forecasts to 2028– By Deployment
8.1 Overview
8.2 Master Patient Index Software Market Revenue Share, by Deployment (2020 and 2028)
8.3 Cloud-based
8.3.1 Overview
8.3.2 Cloud-based: Master Patient Index Software Market– Revenue and Forecast to 2028 (US$ Million)
8.4 On premises
8.4.1 Overview
8.4.2 On premises: Master Patient Index Software Market– Revenue and Forecast to 2028 (US$ Million)
9. Master Patient Index Software Market Revenue and Forecasts to 2028 – Geographical Analysis
9.1 Asia-Pacific Master Patient Index Software Market Revenue and Forecasts to 2028
9.1.1 Overview
9.1.2 Asia Pacific: Master Patient Index Software Market Revenue and Forecasts to 2028, By Country, (2020 & 2028) (%)
9.1.3 China: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.3.1 Overview
9.1.3.2 China: Master Patient Index Software Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.3.2.1 China: Master Patient Index Software Market, by Type, 2019–2028 (USD Million)
9.1.3.2.2 China: Master Patient Index Software Market, by Deployment, 2019–2028 (USD Million)
9.1.4 Japan: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.4.1 Overview
9.1.4.2 Japan: Master Patient Index Software Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.4.3 Japan: Master Patient Index Software Market, by Type, 2019–2028 (USD Million)
9.1.4.4 Japan: Master Patient Index Software Market, by Deployment, 2019–2028 (USD Million)
9.1.5 India: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.5.1 Overview
9.1.5.2 India: Master Patient Index Software Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.5.3 India: Master Patient Index Software Market, by Type, 2019–2028 (USD Million)
9.1.5.4 India: Master Patient Index Software Market, by Deployment, 2019–2028 (USD Million)
9.1.6 Australia: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.1 Overview
9.1.6.2 Australia: Master Patient Index Software Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.6.3 Australia: Master Patient Index Software Market, by Type, 2019–2028 (USD Million)
9.1.6.4 Australia: Master Patient Index Software Market, by Deployment, 2019–2028 (USD Million)
9.1.7 South Korea: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.7.1 Overview
9.1.7.2 South Korea: Master Patient Index Software Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.7.3 South Korea: Master Patient Index Software Market, by Type, 2019–2028 (USD Million)
9.1.7.4 South Korea: Master Patient Index Software Market, by Deployment, 2019–2028 (USD Million)
9.1.8 Rest of Asia Pacific: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.8.1 Overview
9.1.8.2 Rest of Asia Pacific Master Patient Index Software Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.8.3 Rest of Asia Pacific: Master Patient Index Software Market, by Type, 2019–2028 (USD Million)
9.1.8.4 Rest of Asia Pacific: Master Patient Index Software Market, by Deployment, 2019–2028 (USD Million)
10. Impact of COVID-19 Pandemic on Asia Pacific Master Patient Index Software Market
10.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
12. COMPANY PROFILES
12.1 McKESSON CORPORATION
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Oracle Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Wipro Limited
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Allscripts Healthcare Solutions, Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 MEDITECH
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Intersystems Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. China: Master Patient Index Software Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 2. China: Master Patient Index Software Market, by Deployment– Revenue and Forecast to 2028 (USD Million)
Table 3. Japan: Master Patient Index Software Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 4. Japan: Master Patient Index Software Market, by Deployment– Revenue and Forecast to 2028 (USD Million)
Table 5. India: Master Patient Index Software Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 6. India: Master Patient Index Software Market, by Deployment– Revenue and Forecast to 2028 (USD Million)
Table 7. Australia: Master Patient Index Software Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 8. Australia: Master Patient Index Software Market, by Deployment– Revenue and Forecast to 2028 (USD Million)
Table 9. South Korea: Master Patient Index Software Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 10. South Korea: Master Patient Index Software Market, by Deployment– Revenue and Forecast to 2028 (USD Million)
Table 11. Rest of Asia Pacific: Master Patient Index Software Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 12. Rest of Asia Pacific: Master Patient Index Software Market, by Deployment– Revenue and Forecast to 2028 (USD Million)
Table 13. Market Developments Done by Companies
Table 14. Glossary of Terms, Master Patient Index Software Market
LIST OF FIGURES
Figure 1. Master Patient Index Software Market Segmentation
Figure 2. Asia Pacific Master Patient Index Software Market Overview
Figure 3. Software Segment Held Largest Share of Type in Master Patient Index Software Market
Figure 4. China is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Master Patient Index Software Market - Asia Pacific PEST Analysis
Figure 6. Master Patient Index Software Market Impact Analysis of Driver and Restraints
Figure 7. Asia Pacific Master Patient Index Software Market – Revenue Forecasts and Analysis – 2020- 2028
Figure 8. Master Patient Index Software Market Revenue Share, by Type (2020 and 2028)
Figure 9. Software: Master Patient Index Software Market– Revenue and Forecast to 2028 (US$ Million)
Figure 10. Service: Master Patient Index Software Market– Revenue and Forecast to 2028 (US$ Million)
Figure 11. Master Patient Index Software Market Revenue Share, by Deployment (2020 and 2028)
Figure 12. Cloud-based: Master Patient Index Software Market– Revenue and Forecast to 2028 (US$ Million)
Figure 13. On premises: Master Patient Index Software Market– Revenue and Forecast to 2028 (US$ Million)
Figure 14. Asia Pacific Master Patient Index Software Market Revenue Overview, by Country (2020) (US$ Mn)
Figure 15. Asia Pacific Master Patient Index Software Market Revenue and Forecasts to 2028, By Country, (2020 & 2028) (%)
Figure 16. China Master Patient Index Software Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. Japan Master Patient Index Software Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. India Master Patient Index Software Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 19. Australia Master Patient Index Software Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 20. South Korea Master Patient Index Software Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 21. Rest of Asia Pacific Master Patient Index Software Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 22. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- McKESSON CORPORATION
- Oracle Corporation
- Wipro Limited
- Allscripts Healthcare Solutions, Inc.
- MEDITECH
- Intersystems Corporation
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- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the master patient index software market, as well as those hindering it
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