North America 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 effectiveness of Master Patient index software to gather and analyze patient data is expected to have a constructive impact on the adoption of Master Patient index software in the region. Moreover, the majority of the market players, research centers, and academic institutions are focusing on adopting patient registries to streamline patient data collection and analysis. In February 2021, the Leukemia & Lymphoma Society (LLS) announced a strategic partnership with Ciitizen, a significant player in digital health solutions, to study the relation between COVID19 and vaccination amongst blood cancer patients. Moreover, an increasing need for remote patient care. The exchange of the medical record of the patients is being done through the master patient index software. It helps minimize the patient movement to the different healthcare settings, thus help in reducing the risk of COVID19 infection. Therefore, the COVID19 pandemic is expected to positively impact the master patient index software market.
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Market Overview and Dynamics
The Master patient index software market in North America is expected to grow from US$ 365.3 million in 2021 to US$ 738.5 million by 2028; it is estimated to grow at a CAGR of 10.6% 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 the US, investments in the digital health have grown from US$ 1.1 billion in 2010 to US$ 6 billion in 2015 after the implementation of Affordable Care Act. 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 North America 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 North America 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, JUST ASSOCIATES, INC., Verato, QuadraMed Affinity Corporation, MEDITECH, and Intersystems Corporation.
Reasons to buy report
- To understand the North America master patient index software market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America master patient index software market
- Efficiently plan M&A and partnership deals in North America Master patient index software market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America Master patient index software market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
NORTH AMERICA MASTER PATIENT INDEX SOFTWARE MARKET SEGMENTATION
By Type
- Software
- Service
By Deployment
- Cloud-based
- On Premises
By Country
- North America
- US
- Canada
- Mexico
Companies Mentioned
- McKESSON CORPORATION
- Oracle Corporation
- Wipro Limited
- Allscripts Healthcare Solutions, Inc.
- NextGate
- JUST ASSOCIATES, INC.
- Verato
- QuadraMed Affinity Corporation
- 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 North America Master Patient Index Software Market – By Country
2. North America Master Patient Index Software Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Master Patient Index Software Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Master Patient Index Software Market- North America PEST Analysis
4.3 Expert Opinion
5. North America 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 – North America Analysis
6.1 North America Master Patient Index Software Market Revenue Forecasts and Analysis
7. North America 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. North America 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 North America: Master Patient Index Software Market Revenue and Forecast to 2028
9.1.1 Overview
9.1.2 North America: Master Patient Index Software Market, by Country, 2020 & 2028 (%)
9.1.3 US: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.3.1 US: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.3.2 US: Master Patient Index Software Market, by Type, 2019–2028 (USD Million)
9.1.3.3 US: Master Patient Index Software Market, by Deployment, 2019–2028 (USD Million)
9.1.4 Canada: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.4.1 Canada: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.4.2 Canada: Master Patient Index Software Market, by Type, 2019–2028 (USD Million)
9.1.4.3 Canada: Master Patient Index Software Market, by Deployment 2019–2028 (USD Million)
9.1.5 Mexico: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.5.1 Mexico: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
9.1.5.2 Mexico: Master Patient Index Software Market, by Type, 2019–2028 (USD Million)
9.1.5.3 Mexico: Master Patient Index Software Market, by Deployment, 2019–2028 (USD Million)
10. Impact of COVID-19 Pandemic on North America Master Patient Index Software Market
10.1 North America: 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 JUST ASSOCIATES, INC.
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 Verato
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
12.8 QuadraMed Affinity Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 MEDITECH
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Intersystems Corporation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. US: Master Patient Index Software Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 2. US: Master Patient Index Software Market, by Deployment – Revenue and Forecast to 2028 (USD Million)
Table 3. Canada: Master Patient Index Software Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 4. Canada: Master Patient Index Software Market, by Deployment – Revenue and Forecast to 2028 (USD Million)
Table 5. Mexico: Master Patient Index Software Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 6. Mexico: Master Patient Index Software Market, by Deployment – Revenue and Forecast to 2028 (USD Million)
Table 7. Market Developments Done by Companies
Table 8. Glossary of Terms, Master Patient Index Software Market
LIST OF FIGURES
Figure 1. Master Patient Index Software Market Segmentation
Figure 2. North America Master Patient Index Software Market Overview
Figure 3. Software Segment Held Largest Share of Type in Master Patient Index Software Market
Figure 4. US is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Master Patient Index Software Market - North America PEST Analysis
Figure 6. Master Patient Index Software Market Impact Analysis of Driver and Restraints
Figure 7. North America 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. North America: Master Patient Index Software Market, by Key Country – Revenue (2020) (USD Million)
Figure 15. North America: Master Patient Index Software Market , by Country, 2020 & 2028 (%)
Figure 16. US: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
Figure 17. Canada: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
Figure 18. Mexico: Master Patient Index Software Market – Revenue and Forecast to 2028 (USD Million)
Figure 19. Impact of COVID-19 Pandemic in North American Country Markets
- McKESSON CORPORATION
- Oracle Corporation
- Wipro Limited
- Allscripts Healthcare Solutions, Inc.
- NextGate
- JUST ASSOCIATES, INC.
- Verato
- QuadraMed Affinity Corporation
- MEDITECH
- Intersystems Corporation
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