Europe 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.
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.
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Market Overview and Dynamics
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. Healthcare IT solutions are enabling large-scale innovations in healthcare sector, which contribute to the improvement of service quality. Technologies such as telemedicine, mHealth, remote patient monitoring, behavioral health technologies, and consumer-driven digital health have significantly transformed fundamentals of care delivery. The positive outlook and acceptance for these advancements is likely to encourage companies to develop MPI software in greater numbers in the coming future. Infrastructure developments along with the adoption of automated healthcare IT solutions have drawn government support and investments toward healthcare digitalization. For instance, in March 2017, NHS Scotland signed a 12-year contract with Wipro Limited for the development of next-generation EMPI solution, which is expected to bring a transition the healthcare system in Scotland through its traditional community health index (CHI) system, enabling paperless, cost-effective, efficient, and patient-friendly MPI software in the healthcare services. Similarly, according to European Union’s (EU) data for 2019, EU has contributed US$ 220,474 (€180,000) for creating MPI in France. Moreover, the COVID-19 pandemic has created the need of additional investments for the establishment of the digital healthcare. The digitalization of processes in healthcare segment is emerging as a prominent trend that would propel the adoption of MPI software during the forecast period.
Key Market Segments
In terms of type, the software segment accounted for the largest share of the Europe 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 Europe 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., NextGate, MEDITECH, and Intersystems Corporation.
Reasons to buy report
- To understand the Europe master patient index software market landscape and identify market segments that are most likely to guarantee a strong return
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- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe Master patient index software market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
EUROPE MASTER PATIENT INDEX SOFTWARE MARKET SEGMENTATION
By Type
- Software
- Service
By Deployment
- Cloud-based
- On Premises
By Country
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Companies Mentioned
- McKESSON CORPORATION
- Oracle Corporation
- Wipro Limited
- Allscripts Healthcare Solutions, Inc.
- NextGate
- 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 Europe Master Patient Index Software Market – By Country
2. Europe Master Patient Index Software Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Master Patient Index Software Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Master Patient Index Software Market- Europe PEST Analysis
4.3 Expert Opinion
5. Europe 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 Future Trends
5.3.1 Digitalization of Healthcare Processes
5.4 Impact Analysis
6. Master Patient Index Software Market – Europe Analysis
6.1 Europe Master Patient Index Software Market Revenue Forecasts and Analysis
7. Europe 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. Europe 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 Europe: Master Patient Index Software Market
9.1.1 Overview
9.1.2 Europe: Master Patient Index Software Market, by Country, 2020 & 2028 (%)
9.1.3 Germany: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.3.1 Overview
9.1.3.2 Germany: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.3.3 Germany: Master Patient Index Software Market, by Type 2019–2028 (USD Million)
9.1.3.4 Germany: Master Patient Index Software Market, by Deployment 2019–2028 (USD Million)
9.1.4 UK: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.4.1 Overview
9.1.4.2 UK: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.4.3 UK: Master Patient Index Software Market, by Type, 2019–2028 (USD Million)
9.1.4.4 UK: Master Patient Index Software Market, by Deployment 2019–2028 (USD Million)
9.1.5 France: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.5.1 Overview
9.1.5.2 France: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.5.3 France: Master Patient Index Software Market, by Type, 2019–2028 (USD Million)
9.1.5.4 France: Master Patient Index Software Market, by Deployment 2019–2028 (USD Million)
9.1.6 Italy: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.1 Overview
9.1.6.2 Italy: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.3 Italy: Master Patient Index Software Market, by Type, 2019–2028 (USD Million)
9.1.6.4 Italy: Master Patient Index Software Market, by Deployment, 2019–2028 (USD Million)
9.1.7 Spain: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.7.1 Overview
9.1.7.2 Spain: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.7.3 Spain: Master Patient Index Software Market, by Type, 2019–2028 (USD Million)
9.1.7.4 Spain: Master Patient Index Software Market, by Deployment, 2019–2028 (USD Million)
9.1.8 Rest of Europe: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.8.1 Overview
9.1.8.2 Rest of Europe: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.8.3 Rest of Europe: Master Patient Index Software Market, by Type, 2019–2028 (USD Million)
9.1.8.4 Rest of Europe: Master Patient Index Software Market, by Deployment, 2019–2028 (USD Million)
10. Impact of COVID-19 Pandemic on Europe Master Patient Index Software Market
10.1 Europe: 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 NextGate
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 MEDITECH
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
12.7 Intersystems Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Germany Master Patient Index Software Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 2. Germany Master Patient Index Software Market, by Deployment– Revenue and Forecast to 2028 (USD Million)
Table 3. UK Master Patient Index Software Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 4. UK Master Patient Index Software Market, by Deployment– Revenue and Forecast to 2028 (USD Million)
Table 5. France Master Patient Index Software Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 6. France: Master Patient Index Software Market, by Deployment– Revenue and Forecast to 2028 (USD Million)
Table 7. Italy: Master Patient Index Software Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 8. Italy: Master Patient Index Software Market, by Deployment– Revenue and Forecast to 2028 (USD Million)
Table 9. Spain: Master Patient Index Software Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 10. Spain: Master Patient Index Software Market, by Deployment– Revenue and Forecast to 2028 (USD Million)
Table 11. Rest of Europe: Master Patient Index Software Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 12. Rest of Europe: 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. Europe Master Patient Index Software Market Overview
Figure 3. Software Segment Held Largest Share of Type in Master Patient Index Software Market
Figure 4. Germany is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Master Patient Index Software Market - Europe PEST Analysis
Figure 6. Master Patient Index Software Market Impact Analysis of Driver and Restraints
Figure 7. Europe 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. Europe: Master Patient Index Software Market, by Key Country – Revenue (2020) (USD Million)
Figure 15. Europe: Master Patient Index Software Market, by Country, 2020 & 2028 (%)
Figure 16. Germany: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
Figure 17. UK: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
Figure 18. France: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
Figure 19. Italy: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
Figure 20. Spain: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
Figure 21. Rest of Europe: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
Figure 22. Impact of COVID-19 Pandemic in European Country Markets
- McKESSON CORPORATION
- Oracle Corporation
- Wipro Limited
- Allscripts Healthcare Solutions, Inc.
- NextGate
- MEDITECH
- Intersystems Corporation
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