Global Electronic Health Records Market is projected to be valued $40 Billion by 2024; with a CAGR of 6.8% from 2017 to 2025. An Electronic Health Record (EHR) is an electronic version of a patient’s medical history generated by one or more encounters in any care delivery setting. It can include all of the key administrative clinical data relevant to that persons care under a particular provider, including demographics, progress notes, problems, and medications, vital signs, past medical history, immunizations, laboratory data and radiology reports. The EHR automates access to information and has the potential to streamlines the clinician's workflow. EHRs are the upcoming step in the continued progress of healthcare that can intensify the relationship between patients and clinicians.
Governments and insurance companies boosting the adoption of EHR, need to maximize patient safety, and technological advancements in healthcare IT are the factors surging the growth of the global electronic health records market. Increasing demand for digitalization and centralization in healthcare sector, and adoption of big data also support the growth of the market. However, high initial cost, interoperability concerns, and lack of technical knowledge would hamper the adoption among end users. Furthermore, market expansion, and increasing public and private investments could offer several market opportunities in the coming years.
The electronic health records market is segmented as delivery mode, end user, and geography. Delivery mode is categorized into client server based, and web based/ cloud based server. Furthermore, end user is bifurcated as hospital, and ambulatory.
Based on geography, global electronic health records market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada and Mexico whereas Europe consists of UK, Germany, France, and others. Asia-Pacific is segmented into China, India, Japan, Australia, and others, while RoW is bifurcated into South America, Middle East and Africa.
Major companies operating in the global Electronic Health Records market are Medical Information Technology, Inc., Athenahealth, Inc., Allscripts Healthcare Solutions, Inc., NextGen Healthcare, AdvancedMD, Inc., Greenway Health, GE Healthcare, McKesson Corporation, LLC, Epic Systems Corporation, and Cerner Corporation, among others.
The key takeaways from the report
Scope of Electronic Health Records Market
Delivery Mode Segments
End User Segments