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Global Electronic Medical Records Market Witness a CAGR of 17.8%, Key Players -4Media, Allmeds, Bizmatics, Cambio Helathcare Systems, CureMD, Epic, GE Healthcare, McKesseon, Meditech, Praxis, Quest Diagnostics, Tieto.
Global Electronic Medical Records Market
The electronic health record includes a combination of clinical, financial, demographic and coded health data, which is intended to improve the overall quality of care. It is a digital version of the patient's medical information that is normally written on a paper. Many governmental organizations have also emphasized the importance of electronic medical records. For example, according to the World Health Organization, the correct collection, management and use of information within health systems will determine the effectiveness of the system in detecting health problems, establishing priorities, identifying innovative solutions and allocating resources to improve health outcomes. At present, many hospitals and clinics use electronic medical records to store important documents related to the patient's illness. The information repository for each patient would improve security and quickly retrieve the data as needed.
The Electronic Medical Records Market is expected to witness a CAGR of 17.8% during the forecast period.
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Global Electronic Medical Records Market Drivers and Restraints:
The growing need for advanced health information systems, the increasing investments of health informatics players, the growing demand for better health care facilities and the increase in government initiatives are the main factors driving the growth of the healthcare market. EHR helps to improve the ability to diagnose diseases, reduce and even prevent medical errors, improving the results for patients. When health care providers have access to complete and accurate information, patients receive better medical care. Moving from traditional data recording systems to EHR reduces the cost of data storage. Previously, the data was stored on paper and it was very careful to manipulate it, which led to the transition from healthcare providers to HME systems. According to data published in 2016 by the Office of the National Health Analysis Coordinator, an organization that uses advanced health information technologies and the electronic exchange of health information, approximately 95% of Regional Registered Extension Centers (REBs) Priority primary care providers (136,726 providers) have an EHR installed and use this technology regularly; More than 78% of all PPCP enrolled in the CER (112,804 providers) demonstrated significant use of certified EHR technology providing better UM functionality, including reports on clinical quality, electronic prescription and medication reconciliation.
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Global Electronic Medical Records Market-Geographical Segmentation:
Geographically, the electronic medical records market can be segmented into four main regions: North America, Europe, Asia-Pacific and the rest of the world. In these four regions, North America occupies a leading position in the market, followed by Europe. The main factors driving the growth of the electronic medical record market in these regions are the increased portability and accessibility of medical document management systems and the growing demand for a paperless environment to minimize human error. In addition, advances in technology and the modernization of the healthcare management system and the improvement of clinical studies are expected to contribute to the growth of the electronic medical records market in North America and Europe. The Asia Pacific region is one of the fastest growing regions in the world and is expected to become the most promising market for the growth of the electronic medical record market. The factors that will drive growth in the Asia-Pacific market include the growing demand for better care and growing government initiatives to opt for a patient flow management solution and electronic medical records. In addition, better management of patient records and the growing need to minimize the cost of file retention should also increase the growth of the electronic medical record market in Asia-Pacific.
Key players in Global Electronic Medical Records Market Report:
Some of the key market players are 4Media, Allmeds, Bizmatics, Cambio Helathcare Systems, CureMD, Epic, GE Healthcare, McKesseon, Meditech, Praxis, Quest Diagnostics, Tieto, WRS Health and others.
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