Master Patient Index Software Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 10.2% from 2024 to 2030.
The Master Patient Index (MPI) software market has seen significant growth from 2018 to 2022, driven by increasing demand for efficient patient data management and improved healthcare outcomes. MPI software is crucial for healthcare institutions as it ensures that patient records are accurately linked to the correct individuals, eliminating discrepancies and errors in medical data. During this period, the market experienced a surge in adoption as hospitals, clinics, and other healthcare organizations recognized the value of accurate patient identification systems. The rise in digital healthcare solutions, increased adoption of electronic health records (EHRs), and the push for better healthcare interoperability have all contributed to the growth of the MPI software market.
As we compare the outlook from 2023 to 2033, the demand for Master Patient Index software is expected to continue expanding, but with some significant shifts. In the upcoming decade, the focus will be on enhancing interoperability between healthcare systems, integrating artificial intelligence (AI) for predictive analytics, and improving real-time access to patient data. The rise of value-based care models, increasing regulatory pressure, and the shift towards personalized medicine will further drive the adoption of MPI solutions. Healthcare providers will require more sophisticated MPI systems to handle complex patient data across multiple platforms. AI-powered MPIs will help in matching patient records accurately, even in instances of misspellings or duplicate entries, reducing human error.
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McKesson Corporation
Oracle Corporation
Wipro Limited
Allscripts Healthcare Solutions
Inc.
NextGate
Just Associates
Inc.
Verato
QuadraMed Affinity Corporation
MEDITECH
Intersystems Corporation
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Master Patient Index Software Market
Hospitals
Clinics
Others
Based on Types the Market is categorized into Below types that held the largest Master Patient Index Software market share In 2023.
Software
Service
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Master Patient Index Software Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Master Patient Index Software Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Master Patient Index Software Market, By Type
6. Global Master Patient Index Software Market, By Application
7. Global Master Patient Index Software Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Master Patient Index Software Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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