Electronic Health Records Market Overview
Electronic health record (EHR) system allows health care professionals to electronically record patient-related data. Demographics, prescriptions, medical history, vital signs, diagnostic test results, and imaging reports can provide patient-related data. It helps clinicians, through automated access to information, to deliver better patient care.
Global Electronic Health Records Market is expected to project a notable CAGR of XX.X% in 2030.
Global Electronic Health Records Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. EHRs give healthcare providers and patients a number of benefits, effectively increasing system effectiveness and patient satisfaction.
Global Electronic Health Records Market: Segments
Web-based EHR Segment to grow with the highest CAGR of XX.X% during 2019-30
Global Electronic Health Records Market is segmented by product into cloud-based software and server-based/on-premise software. Web-based EHR systems segment accounted for the larger market share in 2019.
With doctors & care facilities working on a comparatively smaller scale, these systems are more common as they can be built without in-house servers and still provide detailed customizations and enhancements depending on the requirements.
Global Electronic Health Records Market: Market Dynamics
Government incentives and support
Governments of different nations promote health care organizations to implement EHR programs by offering incentives. Government financial incentives will continue to drive the EHR market during the forecast period.
High operational costs associated with installation
The use and management of a clean space is a dynamic operation. Because of the rise in cyber-crime, market growth is limited by high EHR costs and growing concerns about patient data protection & protection.
Global Electronic Health Records Market: Regions
Global Electronic Health Records Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Global Electronic Health Records Market in North America held the largest market share of XX.X% in the year 2019. Factors such as accelerating adoption of healthcare information technology coupled with compliance of several regulations to increase the implementation of EHR in North American countries can be attributed to high revenue share.
The Canada Action Plan offers EHR implementation funds, thus increasing the national acceptance of electronic medical records in primary care. Similarly, through Medicaid Transition Grants to states, the U.S. federal government has made attempts to direct and assist state-level healthcare information technology along with support for healthcare Itself.
The above variables would give the growth of the U.S. electronic health record industry lucrative potential in the near future.
Global Electronic Health Records Market: Recent Development
• In August 2019, Cerner Corporation announced about development of Cerner Learning Health Network along with Duke Clinical Research Institute. This innovation will assist in enhancement of clinical research registries as well as will expand the company’s client base.
Global Electronic Health Records Market: Key Players
• Cerner Corporation
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Epic Systems
• Allscripts Healthcare Solutions Inc.
• NextGen Healthcare Inc
• Medical Information Technology, Inc. (Meditech)
• eClinical Works
• Greenway Health
• Canon Medical Systems Corporation
• Other Prominent Players
Global Electronic Health Records Market report also contains analysis on:
Global Electronic Health Records Market Segments:
• Client Server-based
o By Type
• Inpatient EHR
• Ambulatory EHR
o By Application
• Practice Management
• Referral Management
• Patient Management
• Population Health Management
o By End Users
• Specialty Centers
• Ambulatory Surgical Centers
• Electronic Health Records Market Dynamics
• Electronic Health Records Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
Healthcare IT Market: Market Segments: By Product & Services (Healthcare Provider Solutions, Healthcare Payer Solutions and HCIT Outsourcing Services); By Component (Services, Software and Hardware); By Application (Electronic Health Records, Computerized Provider Order Entry Systems, Electronic Prescribing Systems, PACS, Laboratory Information Systems, Clinical Information Systems and Tele-healthcare); and Region – Global Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030