Electronic Health Record (EHR) Market Share and Growth Rate to 2025

 

Electronic Health Records (EHR) Market strategic research study offers company accounts, industry investors, and industry members with consequential insights to enable them to make reliable strategic decisions regarding the opportunities in the global market.

 

Electronic Health Records (EHR) Market research report offers detail overview of industry with all the requisite data to support tactical business decisions and come up with strategic growth plans. This study also proposes a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures.

 

KEY BENEFITS

1. Electronic Health Records (EHR) market analysis based on current industry scenario and expected future trends to enable stakeholders take strategic decisions.

2. Analysis of the factors impacting the Electronic Health Records (EHR) market to understand business opportunities.

3. Identification of key investment pockets for various applications, type and geographies.

4. Identification of the Electronic Health Records (EHR) market top key players and their strategic moves.

5. Evaluation of Electronic Health Records (EHR) market trends to provide deep-dive intelligence into every market segment.

6. Competitive analysis to effectively plan and execute a business plan.

7. Electronic Health Records (EHR) market micro-level analysis based on application, type and geography.

 

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The global Electronic Health Records (EHR) market size was valued at USD 20.55 billion in 2016 and is expected to reach USD 33.41 billion by 2025. EHR are the summary of the numerous electronic medical records which are produced throughout any clinical encounter. An Electronic health records supplies a wide variety of data such as, medication, laboratory test results, and medical history, demographics and diagnostic images. In the last few years, EHR implementation has been privileged in the hospitals in contrast to small-sized practices, primarily because hospitals have a big budget in comparison to miniature sized practice. However, over the forecast period, the industry for Electronic health record for systems utilized in miniature sized practices is expected to observe noteworthy growth rate.

 

Important advantages linked with electronic health records systems coupled with financial incentives offered by government of different countries are expected to become the chief factors driving the expansion of EHR (Electronic health records) market globally. Benefits from EHR system comprises updated patient information, accurate patient information, decreased healthcare services cost in extended term, rapid access to customer associated data, decreased medical errors, amplified patient involvement and enhanced competence of healthcare service offerings. These compensations encourage healthcare service providers to provide their services with technically superior (Electronic health records) EHR systems, which is expected to drive the industry growth over the forecast period. Over the anticipated period the financial enticement by governments in developing and developed countries is expected to continue to, propel the growth of Electronic health records market.

 

On the basis of geographical region this market can be segregated into Asia-Pacific, North America, Europe and Rest of the World. North America is expected to generate largest share in revenue over the forecast period owing to increasing investment done by government in this sector coupled with policies introduced by government to encourage the implementation of electronic health record system. After North America, Europe is expected to capture maximum market share over the forecast period owing to numerous ongoing Research & development activities done by the companies’ active in this area. Asia Pacific is expected to rise rapidly over the forecast period owing to increasing consumer awareness and spending among the population of these countries. On the basis of end-user this market can be segregated into hospitals and ambulatory uses. The ambulatory uses are further divided into standalone facility, retail pharmacy and clinical use. Hospital use section of this market is expected to capture largest part in revenue owing to growing demand of most favourable services coupled with growing competition in this sector. Ambulatory use is expected to see a significant rise owing to growing demand of mobile electronic health record systems.

 

The key players in the market are as follows Cerner Corporation, eClinicalWorks, Allscripts Healthcare Solutions, Epic Systems, GE Healthcare, Athenahealth, Inc, Medical Information Technology, McKesson Corporation, NextGen Healthcare, Greenway Health, CoxHealth 4medica, and CPSI. Recently, in March 2014, CoxHealth installed a complete web-based population patient engagement platform and health services platform designed by Phytel, Inc. to improve health result of patients coupled with simplicity in the shift from fee for service to outcome supported payment model which is presently established in the U.S.

 

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