The Global Master Patient Index Software Market is projected to reach $1,678.86 million by 2028, from a value of $907.35 million in 2022, by registering a CAGR of 10.8% during the forecast period. Rising shift toward paperless data management system, adoption of health care data management software, and cost-effective cloud-based technologies for patient data management are the major factors propelling the growth of the market. However, high cost of software is hampering market growth. Moreover, rise in adoption of patient record management software, ensuring data integrity with minimum duplicate records, and constant developments in the healthcare sector are creating ample opportunities across the globe.
Recent Developments
In June 2022, MEDITECH announced that it has received the 2021 Google Cloud Industry Solution Partner of the Year award for Healthcare. MEDITECH was recognized for its achievements in the Google Cloud ecosystem, helping joint customers to develop systems that complement their EHR with scalable, secure data storage and access.
In February 2022, NextGen Healthcare, Inc announced that it has partnered with Verato to incorporate patient matching into the NextGen® Health Data Hub (HDH) platform. NextGen Health Data Hub provides healthcare providers with the clinical content management, connectivity, data access, security and access permission features to get the fullest view of a patient’s health. With Verato Universal MPI® integration, Health Data Hub will provide advanced identity management to address the complexities of patient matching.
In June 2020, Life Image and NextGate, declared a strategic collaboration to address the increasing demand for efficient imaging workflow integration.
In August 2020, Sheba Medical Center and Allscripts have developed a collaboration to enhance the pace of artificial intelligence technology and increase patient safety through the hospitals’ ARC Innovation Center. ARC, which stands for accelerate, reinvent, and collaborate, is Sheba Medical Center’s research arm, to transform healthcare by 2030.
Competitive Landscape
Allscripts Healthcare Solutions, Inc, Intersystems Corporation, Just Associates, Inc, McKesson Corporation, MEDITECH, NextGate, Oracle Corporation, QuadraMed Affinity Corporation, Verato, Wipro Limited, ARGO Data Resource Corporation, and Epic are some of the major players in the global Master Patient Index Software market.