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Posted by Digital_Zone on September 1, 2024 at 7:09pm 0 Comments 0 Likes
For the effective capturing and sharing of patient data, health care practitioners require an electronic health record (EHR) for the storage of data in a structured format. Structured data aids health care practitioners in the easy transfer and retrieval of patient information. Centers for Medicare & Medicaid Services and Office of the National Coordinator for Health Information Technology (ONC) have confirmed the standard and criteria for structured data for the promotion of Interoperability Programs in healthcare. The demand for Electronic Health Records is increasing on account of the rise in the use of healthcare information technology (HCIT), the high adoption rate of EHR, the rise in the number of chronic diseases, and the government initiatives to promote the use of healthcare IT. Furthermore, the rise in healthcare expenditure and the introduction of artificial intelligence (AI) in the healthcare industry propel market growth. The Australian Government has taken the initiative to promote healthcare IT in Australia through a lifetime policy PCEHR (Personally Controlled Electronic Health Record) for each of its citizens.
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Based on Products, the market is segmented into Web-based and On premise-based. The web-based segment holds the largest share in 2020 owing to the high acceptance of web-based EHRs between healthcare providers and physicians. Moreover, it can be established without the need for in-house servers. For instance, SimplePractice is a cloud-based mental health solution that helps healthcare practitioners to manage client relationships through scheduling, payment processing, and documentation. The main features in SimplePractice involve claims management, compliance tracking, initial assessments, appointment reminders, and a self-service portal. However, the On-premises based EHR is expected to show significant growth during the forecast period owing to the prevention of data theft. Also, it provides a safer choice for the customers as it tenders to in-house data storage. Moreover, On-premises based EHRs are more favorable in the case of multi-physician facilities and there is no requirement of a stable internet connection, unlike the web-based EHRs which propels the market growth. As per Technology Advice, Cerner and Epic are the on-premises-based EHRs that own 55% of the market share for acute care hospitals in the United States.
Based on Types, the market is fragmented into Acute, Ambulatory, and Post-acute. The acute subsegment accounted for the major market share in 2020 owing to the rise in government initiatives for the adoption of EHRs in small-scale industries. The ambulatory EHRs are expected to show significant growth in the forecast period. The ambulatory EHR is mainly used in medical practices and outpatient settings. The main objective of an ambulatory EHR is to be the proprietor of a patient’s medical history. Ambulatory EHRs help the healthcare practitioners for the easy track of the patient's medical history as well as treatment. Moreover, it helps in the diagnosis as well as the treatment of chronic diseases. The outpatient care facilities and small healthcare practices are the main areas in which ambulatory EHRs work. Furthermore, government support during the Covid-19 pandemic is expected to boost market growth. Also, the Ambulatory EHRs are more feasible to use as compared to inpatient systems. For instance, NextGen® Enterprise software helps to accommodate the requirements of ambulatory practices of all kinds. This software provides the proper healthcare to ambulatory patients, population health needs, and value-based care initiatives.
Based on Applications, the market is divided into Clinical, Administrative, Reporting in Healthcare Systems, Healthcare Financing, and Clinical Research. The clinical sub-segment is expected to dominate the market in the forecast period owing to the rise in the number of chronic diseases and surgeries. For instance, as per WHO, Cardiovascular diseases (CVDs) are the number one cause of death globally, taking an estimated 17.9 million lives each year. Four out of 5CVD deaths are due to heart attacks and strokes, and one-third of these deaths occur prematurely in people under 70 years of age.
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Based on End-user, the market is bifurcated into hospitals, Ambulatory care, Pharmacies, and others. The hospital sub-segment is expected to dominate the market in the forecast period owing to the rise in the adoption of EHR in hospitals for the maintenance of large clinical data. Moreover, the cost of installation of EHRs is less in hospitals in comparison to the ambulatory care centers, which also propels the market growth. As per National Electronic Health Records (2020), 89 percent of healthcare physicians reported using an EHR system.
For a better understanding of the market adoption of the Electronic Health Record, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America will dominate the Electronic Health Record market on account of the highly developed healthcare infrastructure, healthcare spending, and presence of many market players in the U.S. region.
Some of the major players operating in the market include GE Healthcare, Allscripts Healthcare Solutions, Cerner Corporation, Advanced Data Systems Corporation, Athenahealth, Inc., Advanced MD, eClinicalWorks, Epic Systems Corporation, McKesson Corporation, and CPSI. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.
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Table of Contents
1.1 Market Definitions
1.2 Objective of the Study
1.3 Limitation
1.4 Stake Holders
1.5 Currency Used in Report
1.6 Scope of the Global Electronic Health Record Market Study
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1 Research Methodology for the Global Electronic Health Record Market
2.1.1 Main Objective of the Global Electronic Health Record Market
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 TOP START-UPS UNDER ELECTRONIC HEALTH RECORD SECTOR
6 GLOBAL ELECTRONIC HEALTH RECORD MARKET REVENUE (USD BN), 2019-2027F
7 MARKET INSIGHTS BY PRODUCT
7.1 Web-based
7.2 On-Premises-Based
8 MARKET INSIGHTS BY TYPE
8.1 Acute
8.2 Ambulatory
8.3 Post-Acute
9 MARKET INSIGHTS BY APPLICATION
9.1 Clinical
9.2 Administrative
9.3 Reporting in Healthcare Systems
9.4 Healthcare Financing
9.5 Clinical Research
10 MARKET INSIGHTS BY END-USER
10.1 Hospital
10.2 Ambulatory Care
10.3 Pharmacies
10.4 Others
11 MARKET INSIGHTS BY REGION
11.1 Market Attractiveness Index, By Region
11.2 North America Electronic Health Record Market
11.2.1 United States
11.2.2 Canada
11.2.3 Rest of North America
11.3 Europe Electronic Health Record Market
11.3.1 Germany
11.3.2 France
11.3.3 United Kingdom
11.3.4 Italy
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific Electronic Health Record Market
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 Australia
11.4.5 Rest of Asia Pacific
11.5 Rest of World Electronic Health Record Market
12 DEMAND AND SUPPLY SIDE ANALYSIS
12.1 Demand Side Analysis
12.2 Supply Side Analysis
12.2.1 Top Product Launches
12.2.2 Top Business Partnerships
12.2.3 Top Business Expansions, Investments and Divestitures
12.2.4 Top Merger and Acquisitions
13 VALUE CHAIN ANALYSIS
14 GLOBAL ELECTRONIC HEALTH RECORD MARKET TRENDS
15 GLOBAL ELECTRONIC HEALTH RECORD MARKET DYNAMICS
15.1 Market Drivers
15.2 Market Challenges
15.3 Impact Analysis
16 GLOBAL ELECTRONIC HEALTH RECORD MARKET OPPORTUNITIES
17 COMPETITIVE SCENARIO
17.1 Competitive Landscape
17.1.1 Electronic Health Record Market Share, By Company, 2020 (%)
18 COMPANY PROFILED
18.1 Cerner Corporation
18.2 GE Healthcare
18.3 Allscripts Healthcare Solutions
18.4 Advanced Data Systems Corporation
18.5 Athenahealth, Inc.
18.6 Advanced MD
18.7 eClinicalWorks
....continued
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