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Global Electronic Health Records (EHR) Market Size, Share, Growth, Industry Trends and Forecast 2020-2030
An electronic health record (EHR) is the systematic collection of patient and population electronically-stored health data in a digitized format. These records help in sharing of data that makes physician easier to diagnose, monitor, and treatment of patient within short interval of time. Furthermore, it contains all the data related to a patient's medical history including medications, diagnoses, immunization dates, treatment plans, radiology images, allergies, and test results from laboratories. Additionally, Rise in quality management of data, elimination of need to track down a patient's previous paper medical records, increases in efficiency of data, and reduction in the time consumption for storing and collection of data which helps in quick service to patients leading in patient satisfaction are some of the major factors influencing market growth in near future. Moreover, introduction of EHR in healthcare IT is emerging as a change in healthcare management by positively impacting the market growth. Global electronic health records market was valued at USD 27.0 billion in 2020 and is expected to reach USD 49.2 billion by 2030, growing at a CAGR of 6.2% during the forecast period.
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Market Dynamics and Factors:
Some of the key driving factors of the hospital information system are government, private and public initiatives such as primary, secondary and territory healthcare centers, Central government healthcare schemes and among others are contributing the electronic health records market growth in forecast period. Additionally, rapidly evolving healthcare facilities, increased patient care, quality management and medication errors are driving healthcare towards safe and efficient healthcare delivery. Furthermore, growing demand in healthcare IT such as introduction of big data, data science, and statistical data analytics in healthcare IT have given rise to potential opportunities for market growth. However, increase in privacy and data security concerns, cost of the software installations, insufficient availability of trained manpower are hindering the electronic health records market growth.
Market Segmentation :
Global Electronic Health Records (EHR) Market – By Product
Cloud-Based Software
Server-Based
On-Premise Software
Global Electronic Health Records (EHR) Market – By Type
Inpatient EHR
Ambulatory EHR
Global Electronic Health Records (EHR) Market – By Application
Administrative Application
Reporting In Healthcare System
Healthcare Financing
Clinical Research Application
Global Electronic Health Records (EHR) Market – By End-User
Hospitals, Clinics
Specialty Centres
Others
Global Electronic Health Records (EHR) Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
Geographically, North America is dominating the electronic health records market due to rise in technological development, supportive infrastructure and government initiatives such as primary healthcsare, public healthcare, and among others. Europe is second largest in market due to owing of digitization of healthcare process. Adaption of new technology and government initiatives in Asia Pacific, is setting up new standards for electronic health records market growth during forecast period.
Competitive Scenario:
Key players of Electronic Health Records Market are Allscripts healthcare solutions Inc, Cerner Corporation, GE healthcare, Siemens healthcare, Philips healthcare, integrated medical systems Pvt. Ltd, McKesson Corporation, Agfa-Gevaert N.V sysmex Sdn, and Practice fusion.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Electronic Health Records (EHR) industry, although key threats, opportunities and disruptive technologies that could shape the Global Electronic Health Records (EHR) Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Electronic Health Records (EHR) Market most.
The data analysis present in the Global Electronic Health Records (EHR) Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Electronic Health Records (EHR) Market business.
The 2021 Annual Global Electronic Health Records (EHR) Market offers:
100+ charts exploring and analysing the Global Electronic Health Records (EHR) Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Electronic Health Records (EHR) Market type
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