Master Patient Index Software Market Report Forecast to 2028

Master Patient Index Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Software and Service) and Deployment (Cloud-based and On-premises), and Geography

  • Report Code : TIPRE00022435
  • Category : Healthcare IT
  • Status : Published
  • No. of Pages : 138
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[Research Report] The master patient index software market was valued at US$ 776.36 million in 2020, and it is projected to reach US$ 1,678.86 million by 2028; it is expected to grow at a CAGR of 10.3% from 2021 to 2028.

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.

The master patient index software market is segmented based on type, deployment, and geography. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. The report offers insights and in-depth analysis of the master patient index software market emphasizing on various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players across the world. It also includes COVID-19 impact analysis across all the regions. It is estimated that the market is likely to have significant growth rate during the forecast period owing to the restricted health services and lockdown situation caused by the COVID-19 pandemic that have leveraged the digitalization in healthcare industry.  

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Master Patient Index Software Market: Strategic Insights

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  • Get Top Key Market Trends of this report.
    This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Market Insights

Assistance in Maintaining and Managing Clinical, Financial, and Demographic Data of Patients

Continuous developments in the healthcare sector encourage the healthcare providers to adopt healthcare IT solutions for ensuring easy workflow. MPI software assigns a unique identification number to every patient, and this number allows to maintain consistent and accurate information of every patient, thereby allowing automatic management of patients’ data. MPI software facilitate authorized exchange of patient data among hospitals, rehabilitation centers, pharmacies, and other healthcare providers. The access to exchanged data is enabled through a unique identifying number that is specific to single medical record. Thus, these software avoid the duplication of patients’ information, which may occur due to several factors including demographics, error during data entry, and incomplete proofs. Ensuring accuracy helps healthcare organizations and facility centers in tracking patients previous records when they revisit the facilities.
Health care providers rely on the automated patient management. Thus, health information exchange initiatives, coupled with the heavy dependence on patient management solutions, are driving the demand for MPI software. In March 2020, the Nebraska Health Information Initiative (NEHII) selected NextGate’s cloud-based enterprise master patient index (EMPI) solutions. NEHII is a leading Health Information Exchange (HEI) that is connecting ~70% health care providers in Nebraska, US. The integration of the NextGate EMPI would help it enhance patient matching information in the region. The solution is integrated information of more than 300 participant organizations, in addition to supporting existing 4 million patient records in Nebraska.
The MPI software widely assist in financial aspects and procedures post healthcare procedures. Thus, this software has been a key tool for healthcare centers to maintain clinical, financial, and demographic data across the care continuum, thereby playing a significant role in providing safe and quality services, which is driving the growth of the master patient index software market.

Type-Based Insights

Based on type, the master patient index software market is segmented into software and service. In 2020, the software segment held a larger share of the market and is estimated to grow at a significant CAGR during the forecast period. Due to growing advancements in new and existing master patient index software, the adoption of the software in the healthcare system is likely to boost the market growth during the forecast period.

Deployment-Based Insights

Based on deployment, the master patient index software market is segmented into cloud-based and on-premises. In 2020, the cloud-based segment held a larger share of the market and is expected to grow at a faster rate during the coming years.

Inorganic strategies were widely adopted by the market players to meet the changing customer demand and maintain their improved services. For instance, in June 2020, NextGate and Life Image, a digital network for the exchange of clinical and imaging data that is based on industry-leading interoperability principles, announced a strategic alliance to address the growing need for efficient imaging workflow integration.

Master Patient Index Software Market Regional Insights

The regional trends and factors influencing the Master Patient Index Software Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Master Patient Index Software Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

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  • Get the Regional Specific Data for Master Patient Index Software Market

Master Patient Index Software Market Market Report Scope

Report Attribute Details
Market size in 2020 US$ 776.36 Million
Market Size by 2028 US$ 1,678.86 Million
Global CAGR (2020 - 2028) 10.3%
Historical Data 2018-2019
Forecast period 2021-2028
Segments Covered By Type
  • Software and Service
By Deployment
  • Cloud-based and On-premises
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • McKesson Corporation
  • Oracle Corporation
  • Wipro Limited
  • Allscripts Healthcare Solutions, Inc.
  • NextGate
  • Just Associates, Inc.
  • Verato
  • QuadraMed Affinity Corporation
  • MEDITECH
  • Market Players Density: Understanding Its Impact on Business Dynamics

    The Master Patient Index Software Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Master Patient Index Software Market are:

    1. McKesson Corporation
    2. Oracle Corporation
    3. Wipro Limited
    4. Allscripts Healthcare Solutions, Inc.
    5. NextGate

    Disclaimer: The companies listed above are not ranked in any particular order.


    master-patient-index-software-market-speedometer

    • Get the Master Patient Index Software Market top key players overview

    By Type

    • Software
    • Service

    By Deployment

    • Cloud-based
    • On-premises

    By Geography

    • North America

      • US
      • Canada
      • Mexico
    • Europe

      • France
      • Germany
      • Italy
      • UK
      • Spain
      • Rest of Europe
    • Asia Pacific (APAC)

      • China
      • India
      • South Korea
      • Japan
      • Australia
      • Rest of APAC
    • Middle East & Africa (MEA)

      • South Africa
      • Saudi Arabia
      • UAE
      • Rest of MEA
    • South and Central America (SCAM)

      • Brazil
      • Argentina
      • Rest of SCAM

    Company Profiles

    • McKesson Corporation
    • Oracle Corporation
    • Wipro Limited
    • Allscripts Healthcare Solutions, Inc.
    • NextGate
    • Just Associates, Inc.
    • Verato
    • QuadraMed Affinity Corporation
    • MEDITECH
    • Intersystems Corporation
    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset
    Report Coverage

    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered

    Segment Covered

    Type and Deployment , and Geography

    Regional Scope

    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope

    Country Scope

    Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

    Frequently Asked Questions


    What is the cost of master patient index software?

    The prices of MPI software vary based on their features. For instance, NextGate EMPI solutions is available for a subscription cost of US$ 39,000/year. It includes maximum 100,000 Enterprise Unique IDs. Small or Mid-sized healthcare facilities, physicians’ offices, clinics cannot afford such high-cost solutions. In addition, the prices increase upgrades in the already bought products. The mode of deployment, whether cloud-based or on-premises, determine the cost of software installation.

    What are the driving factors for the master patient index software market across the globe?

    Key factors that are driving growth of the market are assistance in maintaining and managing clinical, financial, and demographic data of patients due to its advantages and adoption of cloud-based technologies are boosting the market. However, the high cost of software is likely to hinder the market’s growth.

    What is Master Patient Index Software?

    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.

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    The List of Companies - Master Patient Index Software Market

    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