North America Master Patient Index Software Market

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.

North America Master Patient Index Software Strategic Insights

Strategic insights for the North America Master Patient Index Software provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Master Patient Index Software Report Scope

North America Master Patient Index Software Regional Insights

The geographic scope of the North America Master Patient Index Software refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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

1. McKESSON CORPORATION
2. Oracle Corporation
3. Wipro Limited
4. Allscripts Healthcare Solutions, Inc.
5. NextGate
6. JUST ASSOCIATES, INC.
7. Verato
8. QuadraMed Affinity Corporation
9. MEDITECH
10. Intersystems Corporation