Clinical EHR Systems Market is Trending with CAGR of 18.1% by 2023, Major Key Players- ALLSCRIPTS, CERNER CORPORATION, CPSI, ECLINICAL WORKS, EPIC SYSTEMS CORPORATION, GE HEALTHCARE, MCKESSON CORPORATION, MEDITAB SOFTWARE

Global Clinical EHR Systems Market Highlights
The Clinical EHR Systems Market is expected to register a CAGR of about 18.1%, during the forecast period, 2018 to 2023. North America dominates the market, due to rapid introduction of big data analytics in healthcare and government initiatives to maintain patient health records.

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Government Initiatives to Maintain Electronic Patient Health Records
EHRs and decision support systems across US have showed the benefits of such tools. EHRs can slash drug-drug interaction rates, decrease mortality rates among the chronically ill, cut nurse staffing needs, and lower costs. A 2011 meta-analysis of HIT-implementation studies found that 92% of published reports to date had predominantly positive results. This, along with other factors, such as drive to curb rising costs in healthcare, introduction of big data analytics in healthcare, updating in ICD codes will act as drivers for the growth of the Clinical EHR market.

Key Developments in the Market
December 2017 - Chicago's Advocate Health Care announced that it would merge with Aurora Health Care of Milwaukee, Wisconsin u2013 an $11 billion meeting of giants that would create the 10th-biggest not-for-profit health system in the US

Major players-
ALLSCRIPTS, CERNER CORPORATION, CPSI, ECLINICAL WORKS LLC, EPIC SYSTEMS CORPORATION, GE HEALTHCARE, MCKESSON CORPORATION, MEDITAB SOFTWARE INC AND MEDITECH, amongst others.

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Lack of Trained IT Professionals in Healthcare
The healthcare industry lacks skilled professionals in the field of IT. EHR systems require labor with strong grasp in the IT domain as they involve complex software and hardware to operate and maintain. Lack of knowledge about applications of IT in healthcare deter people from acquire training and acquire skill in healthcare IT. This creates a problem of difficult to find labor, which in-turn, leads to expensive labor. Along with these other factors, like issues with interoperability and data privacy concerns will lead to a slowdown in the growth of the clinical EHR market.

North American Market to Witness Maximum Growth
In 2017, North America is expected to account for the largest share of the market followed by Europe. This regional segment is expected to register the highest CAGR during the forecast period. Factors, such as growing federal healthcare mandates to curb rising healthcare costs and provide quality care; increasing regulatory requirements; growing EHR adoption; and rising government initiatives focusing on personalized medicine, population health management, and value-based reimbursements are expected to drive market growth in North America.

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