Global Electronic Health Records Market is Estimated to grow at a CAGR of 7.1% from 2017 – 2025, Says Accurize Market Research
Global Electronic Health Records Market report published by Accurize Market Research forecast that the global market is estimated to grow at a CAGR of 7.1% from 2017 – 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Increasing adoption of EHR by government and insurance companies to drive the market
Encouraged adoption of EHR by government and insurance companies, growing need to maximize patient’s safety, need for digitalization and centralization in healthcare sector, and rising adoption of big data are some of the factors boosting the growth of the global electronic health records market. Though, factors such as high initial cost, interoperability concerns, and lack of technical knowledge could restrain the market growth. Although, market expansion, and growing public and private investments could offer numerous market prospects in forecasted period.
Market Segmentation
Electronic health records market is split on the basis of delivery mode, end user, and geography. Delivery mode is segmented into client server based, and web based/ cloud based server. The end user segment is bifurcated as hospital, and ambulatory.
North America, Europe, Asia-Pacific and rest of the world (RoW) are the geographical segments of the market. North America is further bifurcated into countries namely; U.S., Canada and Mexico. Europe covers countries like Russia, U.K., Germany, France, Italy and Rest of Europe. Asia-Pacific countries include China, India, Japan, South Korea and Rest of Asia Pacific. Rest of the World (RoW) covers South America, Africa and Middle East.
"Web based/ cloud based accounted for the largest market share in the delivery mode segment", says Accurize
Web based/cloud based server will dominate with largest market share and fastest CAGR during the forecast period. Also, hospital held the largest market share, while, ambulatory will attain fastest CAGR in the end user segment.
"North America dominated the global market with the highest market share over the forecast period", says Accurize
North America and Europe accounted the majority of the market share with 45.7% and 26.1%, respectively, in 2017. In terms of growth, Asia-Pacific will attain fastest CAGR during the forecast period, driven by, improving healthcare infrastructure, high adoption of advanced technologies, and government’s initiatives to encourage adoption of EHR.
Top players in the market
Major companies operating in the market include Athenahealth, Inc., Medical Information Technology, Inc., GE Healthcare, Epic Systems Corporation, Allscripts Healthcare Solutions, Inc., NextGen Healthcare, AdvancedMD, Inc., Greenway Health, LLC, Cerner Corporation, and McKesson Corporation, among others.
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