The global personal health record software market size was estimated to be USD 9.3 million in 2023 and is expected to reach at USD 26.6 million by 2034 with a CAGR of 9.94% during the forecast period 2024-2034. Rising demand for well-organized healthcare information, increasing initiatives promoting patient-centric personal care, growing government efforts to integrate online data, increase in the prevalence of chronic diseases such as cancer, diabetes, & respiratory disorders, surge in number of startup companies, growing partnerships & collaborations among market players, and an uptick in the introduction of new personal health record software are the key factors propelling the market growth.
An uptick in the introduction of new personal health record software is predicted to boost the market growth during the forecast period. The Personal Health Record (PHR) software serves as a vital digital tool, enabling individuals to effectively manage and digitally store their health information. It includes functionalities specifically designed for comprehensive health management, enabling users to input and maintain their medical history, track medications meticulously, and seamlessly document allergies and immunization records. The software's appointment and health tracker assist in coordinating medical events and monitoring crucial metrics. Through secure access, only authorized individuals can access personal health information, ensuring confidentiality. For instance, in June 2023, Epic Systems Corporation launched "OpenNotes" within the Epic MyChart Personal Health Record (PHR), enabling direct patient access to physician notes, promoting transparency, and enhancing engagement.
By component, mobile apps and software was the highest revenue-grossing segment in the global personal health record software market in 2023 owing to the benefits provided by mobile applications & software for personal health records, an increasing demand for technologically advanced mobile apps & software, and the ongoing product launches by major industry players. For instance, in July 2022, Innovaccer has unveiled its Connected Digital Health solution, offering a novel approach for life sciences firms to swiftly deploy advanced digital applications. These applications are designed to envelop therapeutics and devices in highly interactive patient experiences, enhance clinical outcomes, and generate valuable real-world evidence. Additionally, services is predicted to grow at the fastest CAGR during the forecast period owing to the increasing digitalization of healthcare systems and surge in technological developments.
By deployment mode, web-based was the highest revenue-grossing segment in the global personal health record software market in 2023 owing to the increasing uptake of online applications and the progress in digitization, along with the benefits linked to web-based Personal Health Record (PHR) software, facilitating the seamless exchange of crucial information between patients and multiple clinicians, and the ongoing advancements in technologies. Additionally, cloud-based is predicted to grow at the fastest CAGR during the forecast period owing to the growing need for data mobility, cost-saving in IT infrastructure for enterprises, and the ability for multiple device access from any location, and increasing introduction of advanced solutions. For instance, in December 2023, CareCloud, Inc., a prominent provider of healthcare technology solutions for medical practices and health systems across the nation, has introduced CareCloud Connector. The CareCloud Conductor suite introduces a state-of-the-art interface and data management engine, with this being the first product in the lineup.
By architecture, standalone was the highest revenue-grossing segment in the global personal health record software market in 2023. The system operates under complete patient control, with providers gaining access to data only when granted by patients. The perceived control and belief in privacy associated with standalone Personal Health Records (PHRs) are the primary drivers of segment growth. Moreover, effective patient data management stands out as a key distinguishing factor of standalone PHRs, further bolstering the segment's expansion. For instance, in May 2022, Leading supplier of remote care and digital health solutions, Validic, announced that its Validic Inform digital health platform won the title of "Best Connected Health Platform" at the sixth annual MedTech Breakthrough Awards, which are organized by MedTech Breakthrough. Additionally, provider-tethered is predicted to grow at the fastest CAGR during the forecast period. Provider-tethered Personal Health Records (PHRs) are securely linked to the internal record systems of healthcare administrations. This integration is reinforced by government initiatives promoting healthcare IT usage and the introduction of technologically advanced healthcare services.
North America region is anticipated for the highest revenue share during the forecast period owing to the widespread availability of technologically advanced products, heightened consumer awareness regarding the management of personal health records, a rise in the prevalence of various chronic diseases, and increased efforts by major market players. For instance, in November 2022, Google, a prominent technology giant, has declared its ongoing efforts to delve into the personal health records sector, currently conducting user tests for a consumer-facing record. Despite facing challenges during a test program launched in 2008 in collaboration with a Cleveland-based clinic, the company remains committed to the concept and is actively engaged in various research and development programs to make a resurgence. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the increasing demand for remote patient monitoring solutions, a rise in the aging population, a growing prevalence of long-term chronic conditions, and an uptick in government initiatives to introduce advanced applications. For instance, in May 2022, The National Health Authority (NHA) has disclosed that the government of India introduced an overhauled Ayushman Bharat Health Account (ABHA) mobile application. This initiative falls under the flagship Ayushman Bharat Digital Mission (ABDM) and is designed for the management of personal health records.
An uptick in the introduction of new personal health record software is predicted to boost the market growth during the forecast period. The Personal Health Record (PHR) software serves as a vital digital tool, enabling individuals to effectively manage and digitally store their health information. It includes functionalities specifically designed for comprehensive health management, enabling users to input and maintain their medical history, track medications meticulously, and seamlessly document allergies and immunization records. The software's appointment and health tracker assist in coordinating medical events and monitoring crucial metrics. Through secure access, only authorized individuals can access personal health information, ensuring confidentiality. For instance, in June 2023, Epic Systems Corporation launched "OpenNotes" within the Epic MyChart Personal Health Record (PHR), enabling direct patient access to physician notes, promoting transparency, and enhancing engagement.
By component, mobile apps and software was the highest revenue-grossing segment in the global personal health record software market in 2023 owing to the benefits provided by mobile applications & software for personal health records, an increasing demand for technologically advanced mobile apps & software, and the ongoing product launches by major industry players. For instance, in July 2022, Innovaccer has unveiled its Connected Digital Health solution, offering a novel approach for life sciences firms to swiftly deploy advanced digital applications. These applications are designed to envelop therapeutics and devices in highly interactive patient experiences, enhance clinical outcomes, and generate valuable real-world evidence. Additionally, services is predicted to grow at the fastest CAGR during the forecast period owing to the increasing digitalization of healthcare systems and surge in technological developments.
By deployment mode, web-based was the highest revenue-grossing segment in the global personal health record software market in 2023 owing to the increasing uptake of online applications and the progress in digitization, along with the benefits linked to web-based Personal Health Record (PHR) software, facilitating the seamless exchange of crucial information between patients and multiple clinicians, and the ongoing advancements in technologies. Additionally, cloud-based is predicted to grow at the fastest CAGR during the forecast period owing to the growing need for data mobility, cost-saving in IT infrastructure for enterprises, and the ability for multiple device access from any location, and increasing introduction of advanced solutions. For instance, in December 2023, CareCloud, Inc., a prominent provider of healthcare technology solutions for medical practices and health systems across the nation, has introduced CareCloud Connector. The CareCloud Conductor suite introduces a state-of-the-art interface and data management engine, with this being the first product in the lineup.
By architecture, standalone was the highest revenue-grossing segment in the global personal health record software market in 2023. The system operates under complete patient control, with providers gaining access to data only when granted by patients. The perceived control and belief in privacy associated with standalone Personal Health Records (PHRs) are the primary drivers of segment growth. Moreover, effective patient data management stands out as a key distinguishing factor of standalone PHRs, further bolstering the segment's expansion. For instance, in May 2022, Leading supplier of remote care and digital health solutions, Validic, announced that its Validic Inform digital health platform won the title of "Best Connected Health Platform" at the sixth annual MedTech Breakthrough Awards, which are organized by MedTech Breakthrough. Additionally, provider-tethered is predicted to grow at the fastest CAGR during the forecast period. Provider-tethered Personal Health Records (PHRs) are securely linked to the internal record systems of healthcare administrations. This integration is reinforced by government initiatives promoting healthcare IT usage and the introduction of technologically advanced healthcare services.
North America region is anticipated for the highest revenue share during the forecast period owing to the widespread availability of technologically advanced products, heightened consumer awareness regarding the management of personal health records, a rise in the prevalence of various chronic diseases, and increased efforts by major market players. For instance, in November 2022, Google, a prominent technology giant, has declared its ongoing efforts to delve into the personal health records sector, currently conducting user tests for a consumer-facing record. Despite facing challenges during a test program launched in 2008 in collaboration with a Cleveland-based clinic, the company remains committed to the concept and is actively engaged in various research and development programs to make a resurgence. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the increasing demand for remote patient monitoring solutions, a rise in the aging population, a growing prevalence of long-term chronic conditions, and an uptick in government initiatives to introduce advanced applications. For instance, in May 2022, The National Health Authority (NHA) has disclosed that the government of India introduced an overhauled Ayushman Bharat Health Account (ABHA) mobile application. This initiative falls under the flagship Ayushman Bharat Digital Mission (ABDM) and is designed for the management of personal health records.
Report Scope:
- Base Year: 2023
- Forecast Period: 2024-2034
Study Coverage
- Market Forecast by Type, Material, Product, and End-user
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of Top 10+ Major Market Players
- 20% Free Customization Available to Meet Your Exact Requirement.
Segmentation: Personal Health Record Software Market Report 2023 - 2034
Personal Health Record Software Market Analysis & Forecast by Component 2023 - 2034 (Revenue USD Mn)
- Services
- Mobile Apps and Software
Personal Health Record Software Market Analysis & Forecast by Deployment Mode 2023 - 2034 (Revenue USD Mn)
- Web-Based
- Cloud-Based
Personal Health Record Software Market Analysis & Forecast by Architecture 2023 - 2034 (Revenue USD Mn)
- Provider Tethered
- Payer Tethered
- Standalone
Personal Health Record Software Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Mn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Personal Health Record Software Market: Component Estimates & Trend Analysis
8. Personal Health Record Software Market: Deployment Mode Estimates & Trend Analysis
9. Personal Health Record Software Market: Architecture Estimates & Trend Analysis
10. Regional Market Analysis
11. North America Personal Health Record Software Market
12. Europe Personal Health Record Software Market
13. Asia Pacific Personal Health Record Software Market
14. Latin America Personal Health Record Software Market
15. MEA Personal Health Record Software Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- NoMoreClipboard
- Innovaccer Inc.
- Healthspek
- Health Safe
- Health Companion
- Validic
- Knapsack Health
- Kaaspro
- Records For Living Inc.
- Patient Ally
- Zapbuild
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2024 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value ( USD | $ 9.3 Million |
| Forecasted Market Value ( USD | $ 26.6 Million |
| Compound Annual Growth Rate | 9.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
