The global Electronic Health Records (EHR) Market Size research report offers the definition, market shares, drivers, restraints, opportunities, and challenges in an voluminous format. On the basis of Type, the market is further categorized into based on the regions, the market is distributed into Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. This markets competitive manufactures and the upcoming manufactures are studied with their research. Revenue, production, price, market share of these players is mentioned with detailed information.
Electronic Health Records
(EHR) Market study offers an exhaustive summary of the vendor landscape,
competitive analysis, and key strategies to gain ruthless advantage. Electronic
Health Records (EHR) Market Forecast provides sizing and growth opportunities.
It provides comprehensive insights on the latest industry trends, forecast, and
growth drivers in the market. it also includes a detailed analysis of growth
drivers, challenges, and investment opportunities and delivers a complete
overview of segments and the regional outlook of the market.
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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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