Electronic Health Record Market Report, Size, Development, Key Opportunity, Application and Forecast to 2027
Global Electronic
Health Record Market is expected to exceed the market valuation of US$ 37 billion
by 2027 expanding at a reasonable CAGR of around 4.64% during the forecast
period (2021-2027). In the modern era, Electronic Health Records (EHRs) are the important
components of medical practices. The conversion of the paper-based system to
the digital system not just enhances the work quality but also the overall
patients experience.
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The overall demand for Electronic Health
Records is increasing on account of the rise in the use of healthcare
information technology (HCIT), the high adoption rate of EHR, the rise in the
number of chronic diseases, and the government initiatives to promote the use of
IT in healthcare sector. Furthermore, the rise in healthcare expenditure and
the introduction of artificial intelligence (AI) in the healthcare industry
propel market growth. The Australian Government has taken the initiative to
promote healthcare IT in Australia through a lifetime policy PCEHR (Personally
Controlled Electronic Health Record) for each of its citizens.
For a detailed
analysis of the market drivers in Electronic Health Record Market browse
through - https://univdatos.com/report/electronic-health-record-market-current-analysis-and-forecast-2021-2027
During the Covid-19 pandemic, the market is
experiencing significant growth on account of increasing demand for drug
delivery solutions to be used at home. Furthermore, the market is expected to
observe enormous growth because of the increase in focus on improving patient
compliance and quality of care, raising the awareness of associated costs, and
increasing the use of self-administered therapy.
For a detailed
analysis of the COVID-19 Impact on Electronic Health Record Market browse
through - https://univdatos.com/report/electronic-health-record-market-current-analysis-and-forecast-2021-2027
Based
on Products, the market is segmented into Web-based and On premise-based. The
web-based segment holds the largest share, owing to the high acceptance of
web-based EHRs between healthcare providers and physicians. For instance,
SimplePractice is a cloud-based mental health solution that helps healthcare
practitioners to manage client relationships through scheduling, payment processing,
and documentation. The main features in the SimplePractice involve claims
management, compliance tracking, initial assessments, appointment reminders,
and a self-service portal. However, the On-premise provides a safer choice for
the customers as it tenders to in-house data storage. As per Technology
Advice, Cerner and Epic are the on-premise-based EHRs that own about 55% of the
market share for acute care hospitals in the United States.
For a detailed
analysis of the types in Electronic Health Record Market browse
through - https://univdatos.com/report/electronic-health-record-market-current-analysis-and-forecast-2021-2027
Based on Types, the market is fragmented into Acute, Ambulatory, and
Post-acute. The ambulatory EHR is mainly used in medical practices and
outpatient settings. The main objective of an ambulatory EHR is to be the
proprietor of a patient’s medical history. Ambulatory EHRs help the healthcare
practitioners for the easy track of the patient's medical history as well as
treatment. Based on Applications,
the global electronic health record market is divided into Clinical,
Administrative, Reporting in Healthcare Systems, Healthcare Financing, and
Clinical Research. Based on End-user, the market is
bifurcated into hospitals, Ambulatory care, Pharmacies, and others. The cost of
installation of EHRs is less in hospitals in comparison to the ambulatory care
centers, which also propels the market growth. As per National Electronic Health Records (2020), 89% of healthcare
physicians reported using an EHR system.
For a better understanding of the market adoption of the
Electronic Health Record, the market is analyzed based on its worldwide
presence in the countries such as North America (United States, Canada, and the
Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom
and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of
APAC), and Rest of World. North America will dominate the Electronic Health
Record market on account of the highly developed healthcare infrastructure,
healthcare spending, and presence of a large number of market players in the
U.S. region. Some of the major players operating in the market include GE
Healthcare, Allscripts Healthcare Solutions, Cerner Corporation, Advanced Data
Systems Corporation, Athenahealth, Inc., Advanced MD, eClinicalWorks, Epic
Systems Corporation, McKesson Corporation, and CPSI.
Global Electronic
Health Record Market Segmentation
Market Insight, by Product
• On premise based
Market Insight,
by Type
• Ambulatory
• Post acute
Market Insight,
by Applications
• Administrative
• Reporting
in Healthcare Systems
• Healthcare
Financing
• Clinical
Research
Market Insight,
by End-user
• Hospital
• Ambulatory
care
• Pharmacies
• Others
Market Insight,
by Region
·
North America Electronic Health Record Market
o
United States
o
Canada
o
Rest of North America
·
Europe Electronic Health Record Market
o
France
o
Germany
o
Italy
o
Spain
o
United Kingdom
o
Rest of Europe
·
Asia-Pacific Electronic Health Record Market
o
China
o
Japan
o
India
o
Australia
o
Rest of Asia-Pacific
·
Rest of World Electronic Health Record Market
Top Company
Profiles
·
GE Healthcare
·
Allscripts
Healthcare Solutions
·
Advanced Data
Systems Corporation
·
Athenahealth, Inc.
·
Advanced MD
·
eClinicalWorks
·
Epic Systems Corporation
·
McKesson
Corporation
·
CPSI
Labels: Electronic Health Record Market
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