Growing
demand for structured electronic healthcare systems, increasing healthcare
expenditure, rising awareness of electronic medical records, government initiatives
for the development of healthcare IT solution, and technological advancements,
among others to drive the global electronic health records market through 2025
According to
TechSci Research report, “Global
Electronic
Health Records (EHR) Market By Product, By
Component, By End User, By Region, Competition, Forecast & Opportunities,
2025”, the global electronic health records market is
projected to surpass $ 40 billion by 2025 on account of an increasing number of
hospitals and other healthcare facilities implementing Electronic Medical
Records to improve the efficiency of patient care and maintain patient records.
Additionally, growth in global electronic health records market can be
attributed to rising demand for centralization and streamlining of electronic
healthcare systems, technological advancements in the field of healthcare IT,
and increasing awareness about the use and importance of EHR, globally. Moreover,
increasing government funding and expenditure for the development of healthcare
IT solution are promoting the adoption of electronic health records across the
globe.
Global
electronic health records market can be segmented based on product, component, end
user and region. In terms of product, the market can be bifurcated into web/cloud
based and on-premise based segments. In,
2019, web/cloud based segment dominated the market and the trend is likely to
continue over the coming years due to extensive adoption of web based EHR
systems in large healthcare enterprises. These systems are also anticipated to
witness brisk growth during the forecast years due to the increasing
implementation among clinics, pharmacies, small scaled laboratories and
physicians as they can be installed without requiring in-house servers.
Based on component,
the market can be segmented into practice management, patient management,
e-prescription, referral management, and population health management. Among
these, practice management dominated the global market with more than one-third
of the market share in 2019. However, referral management is anticipated to
grow at an impressive pace in the coming years as it serves as a key tool for
healthcare facilities to maintain their patient referrals throughout the
treatment procedure.
Browse 121 market data Figures and Tables spread
110 Pages and an in-depth TOC on "Global
Electronic Health Records Market "
Epic Systems, Allscripts Healthcare Solutions Inc., Cerner Corporation,
eClinicalWorks and NextGen Healthcare Inc., Medical Information Technology,
Inc. (Meditech), Computer Programs and Systems, Inc (CPSI), Athenahealth,
MedHost, Greenway Health, 3M Company, Hyland Software, and Henry Schein are among
the leading players operating in global electronic health records market. The companies
operating in the market are using multiple strategies such as product
advancement through addition of new features, interoperability, mergers and
collaborations to boost their market share. For instance, in 2017, Allscripts
acquired McKesson Corporation’s hospital and health system IT businesses to
expand its client base in US hospitals and develop its solutions portfolio.
Customers can
also request for 10% free customization on this report.
“North
America stood at the forefront of the global Electronic Health Records market
and is expected to hold its dominance during the forecast period due to the
large-scale adoption of the Electronic Health Records by hospitals, clinics,
and other healthcare facilities. Additionally, presence of major companies,
continuous progress in healthcare settings and expansion of healthcare IT
infrastructure are also driving the EHR market in the region”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm
“Global Electronic Health
Records (EHR) Market By Product, By Component, By End User, By Region,
Competition, Forecast & Opportunities, 2025” has evaluated
the future growth potential of global electronic health records market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global electronic health records market.
About TechSci Research
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