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Electronic Health Records Market

Electronic Health Records (EHR) Market Size, Share & Segmentation by Installation Type (Cloud-based, On-Premise), By Type (Acute EHR, Ambulatory EHR, Post-Acute EHR) By Application (Clinical Application, Administrative Application, Reporting in Healthcare System, Healthcare Financing, Clinical Research Application), By End-User (Hospitals, Diagnostics and Imaging centers, Ambulatory care centers, Pharmacies), and By Region | Global Market Forecasts 2022 - 2028

Report Id: SNS/HC/1044 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Electronic Health Records Market size was esteemed at US$ 26219.13 million in 2020 and is projected to reach US$ 40477.12 million by 2028, enlisting a CAGR of 6.4% from 2021 to 2028.

Electronic health record is an electronic rendition of patient's medical services records. EHR assembles, makes, and stores the health record electronically. EHRs are taken on by medical services suppliers, attributable to interest for cutting edge medical care offices. The center parts of an EHR incorporate managerial capacities, electronic doctor request section, lab frameworks, radiology frameworks, drug store frameworks, and clinical documentation. EHR incorporates data, for example, age, orientation, nationality, health history, prescriptions, sensitivities, inoculation status, lab test results, emergency clinic release guidelines, and charging data.

Electronic Health Records Market

The development of the worldwide electronic health records market is significantly determined by the progressions in programming innovation and in medical care area. What's more, presentation of man-made reasoning (AI) in the advancement of EHRs programming add to the development of the market. Also, EHRs assumed a significant part in administration and recording of patient’s information during the COVID-19 pandemic circumstance.

Electronic medical record (EMR) frameworks are turning out to be progressively famous as the medical services industry is pushing toward digitization. A great deal of government drives, for example, empowering doctors to take on electronic health records, putting resources into preparing the medical services data innovation laborers, and laying out provincial augmentation places to give specialized and different devices, are setting off the EMR market's development

Market Dynamics

Key Drivers:

EHR additionally takes into account a better understanding of commitment while decreasing the number of time specialists spend on administrative work. Consolidating computerized reasoning (AI) to expect EHR-based medical results has additionally benefited in upgrading patient experience by working with further developed care conveyance. Notwithstanding these turns of events, the market development will be helped by steady government drives and financing in the field.

In the new past, new extension exercises, item endorsements, item dispatches, associations, and acquisitions well affect the worldwide EHR market. Besides, as the world turns out to be more computerized, there has been a huge expansion sought for electronic health records, powering market development. Likewise, the rising requirement for medical services organization centralization and smoothing out is projected to drive market development. The worldwide EHR market is additionally expected to consider huge advancements to be more endeavors to use computerized stages for pandemic administration arise and continuous utilization of advanced innovation later on.

Restraining factor

In the new past, new extension exercises, item endorsements, item dispatches, associations, and acquisitions well affect the worldwide EHR market. Besides, as the world turns out to be more computerized, there has been a huge expansion sought for electronic health records, powering market development. Likewise, the rising requirement for medical services organization centralization and smoothing out is projected to drive market development. The worldwide EHR market is additionally expected to consider huge advancements to be more endeavors to use computerized stages for pandemic administration arise and continuous utilization of advanced innovation later on.

Impact of COVID 19

Coronavirus helpfully affects medical care frameworks' acknowledgment of EHR. The electronic health record is likewise used to help clinical exploration exercises by permitting specialists to share and access exact clinical information that has supported them in COVID-19 pattern investigation and medication improvement. This has additionally supported the administration of huge patient data sets in emergency clinics with incorporated EHR frameworks. Moreover, industry sources are helping the public authority with pandemic readiness.

Key Market Segmentation:

By Installation type:

  • Cloud-based

  • On-Premise

By Type:

  • Acute EHR

  • Ambulatory EHR

  • Post-Acute EHR

By Application:

  • Clinical Application

  • Administrative Application

  • Reporting in Healthcare System

  • Healthcare Financing

  • Clinical Research Application

By End-User:

  • Hospitals

  • Diagnostics and Imaging centers

  • Ambulatory care centers

  • Pharmacies

Electronic Health Records Market

The EHR market is fragmented based on item, type, application, end client, and district. In light of the item, it is isolated into on-premise programming and cloud-based programming. By type, the market is primarily arranged into ongoing EHR and wandering EHR.

Based on application, it is ordered into the medical application, managerial application, announcing in medical services framework, medical care funding, and medical exploration application. By end-user, it is portioned into, medical clinics, facilities, specialty focuses, and opposite end clients.

Regional Analysis:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

Asia-Pacific

  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

North America accumulated a significant offer in the electronic health records market in 2021, and is supposed to overwhelm the worldwide market during the conjecture time frame, inferable from the ascent in number of central members to foster trend setting innovation in medical care industry, presence of EHR specialist co-ops, and deep-rooted medical services foundation. Be that as it may, Asia-Pacific is supposed to enlist the most noteworthy CAGR of 6.4% from 2021 to 2028, attributable to increment in the quantity of emergency clinics, commonness of constant illnesses, ascend in number of geriatric populaces, and ascend in mindfulness about the utilization of electronic health record.

Key Players:

Cerner Corporation (Oracle), GE Healthcare, Allscripts Healthcare, LLC, McKesson Corporation, Epic Systems Corporation, NextGen Healthcare, Inc., eClinicalWorks, Medical Information Technology, Inc., Health Information Management Systems, CPSI, AdvancedMD Inc., CureMD Healthcare, Greenway Health LLC, and other players.

 

Electronic Health Records (EHR) Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 26219.13 Million
Market Size by 2028 US$ 40477.12 Million
CAGR CAGR of 6.4% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Holter Monitors, Resting ECG System, Stress ECG Monitors, Event Monitoring Systems, ECG Management Systems)
• By End-Use (Hospitals & Clinics, Ambulatory Facilities, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Cerner Corporation (Oracle), GE Healthcare, Allscripts Healthcare, LLC, McKesson Corporation, Epic Systems Corporation, NextGen Healthcare, Inc., eClinicalWorks, Medical Information Technology, Inc., Health Information Management Systems, CPSI, AdvancedMD Inc., CureMD Healthcare, Greenway Health LLC


Frequently Asked Questions (FAQ) :

Electronic Health Records (EHR) Market is projected to reach $40477.12 million by 2028.

The critical patterns in the electronic wellbeing record market by an expansion in the predominance of persistent illnesses; ascend in the number of emergency clinics; and an expansion in medical care use of patients.

Electronic Health Records (EHR) Market is divided into four segments and they are by installation type, By Type, By Application, and By End Users.

North America had the largest offer in the market for electronic health records market.

Manufacturer and service provider, research institutes, universities, and private libraries, suppliers, and distributors.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Electronic Health Records (EHR) Market Segmentation on the basis of Installation type

8.1 Cloud-based

8.2 On-Premise

 

9. Global Electronic Health Records (EHR) Market Segmentation on the basis of Type

9.1 Acute EHR

9.2 Ambulatory EHR

9.3 Post-Acute HER

 

10. Global Electronic Health Records (EHR) Market Segmentation on the basis of Application

10.1 Clinical Application

10.2 Administrative Application

10.3 Reporting in Healthcare System

10.4 Healthcare Financing

10.5 Clinical Research Application

 

 

11. Global Electronic Health Records (EHR) Market Segmentation on the basis of End-User

11.1 Hospitals

11.2 Diagnostics and Imaging centers

11.3 Ambulatory care centers

11.4 Pharmacies

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2     Canada

12.2.3     Mexico

12.3        Europe

12.3.1     Germany

12.3.2     UK

12.3.3     France

12.3.4     Italy

12.3.5     Spain

12.3.6     The Netherlands

12.3.7     Rest of Europe

12.4        Asia-Pacific

12.4.1     Japan

12.4.2     South Korea

12.4.3     China

12.4.4     India

12.4.5     Australia

12.4.6     Rest of Asia-Pacific

12.5        The Middle East & Africa

12.5.1     Israel

12.5.2     UAE

12.5.3     South Africa

12.5.4     Rest

12.6        Latin America

12.6.1     Brazil

12.6.2     Argentina

12.6.3     Rest of Latin America

 

13. Company Profiles

13.1 Cerner Corporation (Oracle)

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 GE Healthcare

13.3 Allscripts Healthcare, LLC

13.4 McKesson Corporation

13.5 Epic Systems Corporation

13.6 NextGen Healthcare, Inc.

13.7 eClinicalWorks

13.8 Medical Information Technology, Inc.

13.9 Health Information Management Systems

13.10 CPSI

13.11 AdvancedMD, Inc.

13.12 CureMD Healthcare

13.13 Greenway Health, LLC

 

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

 

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.

Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence center, our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real-time.

Step 4: QA/QC Process

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