Personal Health Record Software Market Size

Personal Health Record Software Market size was valued at USD 9.1 billion in 2023 and is expected to exhibit growth at a CAGR of 9.8% from 2024 to 2032. The growth of market is attributed to technological advancements, increasing patient awareness, and the growing demand for personalized healthcare solutions. In addition, rise in chronic conditions coupled with growing emphasis on preventive care is also expected to boost market growth during the forecast period.  

As healthcare systems globally shifting towards models that prioritize patient engagement and self-management, PHR software provides a critical tool for individuals to monitor and control their health information. This shift is fueled by growing awareness among patients about the benefits of having a centralized platform for their medical data, which enhances their ability to make informed decisions about their health and coordinate care with healthcare providers. Additionally, the integration of PHR software with electronic health records (EHR) and other healthcare IT systems enhances its value proposition, offering a comprehensive view of patient health and improving care continuity.

Furthermore, technological advancements and increasing smartphone and internet penetration significantly contribute to the expansion of the PHR software market. The adoption of mobile health applications and wearable devices has made it easier for individuals to track various health metrics and seamlessly update their PHR systems. Innovations such as cloud computing and data analytics enable more efficient data management, accessibility, and real-time health monitoring. In April 2024, Andaman7 announced launch of its new personal health record software with advanced artificial intelligence (AI) capabilities. The release of Version 5 enhances patient insight into their own health data, thereby boosting patient engagement.

The personal health records (PHR) software allows users to securely store, manage, and track various health-related data, such as medical history, medication lists, and test results, within a user-friendly platform.