What's driving the Electronic Health Records Market Share? Top Players: AdvancedMD, Allscripts, Cerner Corporation, CSC, CureMD, eClinicalWorks

Global Electronic Health Records Market is set to exceed USD 38.0 billion by 2025; according to a new research report by Global Market Insights. Rising adoption of electronic health record will augment electronic health records industry growth in the upcoming period. Numerous emerging countries are recognizing the importance and benefits of electronic health records and increasingly investing in such technology. EHR offers enhanced patient care and management along with significant cost savings. EHR assists the practitioner in management of patient data and streamlines workflow that should positively impact EHR market size.

Increasing incentives and grants for implementation of healthcare IT solutions across healthcare facilities will offer attractive segmental growth potential. Enactment of Meaningful Use (MU) incentives to achieve better adult and pediatric care is forecasted to expand adoption of EHR. As investment in electronic health record is expensive, availability of funding and grants will highly impact global Electronic Health Records Market growth.

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Web/cloud based EHR software market will witness robust growth at 8.3% CAGR over the forecast timeframe. Cloud-based EHR offers enhanced agility and elasticity to its users in terms of its usability. Access to multiple users at the same time and broad access to network further benefits the end-users that should drive the customer preference over the on-premise EHR software. Moreover, cloud-based EHR software reduces significant cost component that will spur its adoption rate over the coming years.

On-premise EHR software market accounted for USD 12,566.5 million in 2018. The on-premise EHR software is secure and reliable as the in-house information technology team has access to the EHR applications. The control of the patient and facility data is with the healthcare organization that makes the software safer to use. Such EHR software can function offline that significantly reduces internet costs as well as overcomes the barrier of usability during power discharge. Thus, aforementioned advantages associated with on-premise EHR software positively impacts on-premise EHR software market growth in the upcoming years.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

• AdvancedMD
• Allscripts
• Cerner Corporation
• CSC
• CureMD
• eClinicalWorks
• GE Healthcare
• Greenway Health
• Medical Information Technology Solutions
• Modernizing Medicine
• NextGen Healthcare

Practice management EHR application market accounted for over USD 6.9 billion segmental size in 2018. Practice management through electronic health record helps the medical health practitioner to improve documentation, data storage and prevents errors. Practice management EHR application is beneficial in terms of cost, as considerable cost savings are achieved. EHR-enabled practice management offers enhanced practice management that results into time savings. Such benefits will increase the application size of EHR for practice management, thereby expanding practice management EHR application segmental size.

E-prescription EHR market will progress at significant pace of 6.4% CAGR during the projected timeframe. Increasing adoption of e-prescribing through EHR platforms in countries such as U.S. will stimulate e-prescription EHR application segmental growth. As per the Office of the National Coordinator for Health Information Technology, the percent of physicians utilizing e-prescribing has significantly grown since 2008. Such trends in e-prescribing, attributable to higher convenience will spur e-prescription electronic health record (EHR) application market growth in the foreseeable future.

Clinics EHR end-use market accounted for over 17.5% revenue share in 2018. EHR provides seamless access and interface for clinic facilities at any location. Presence of clinic management software further enhances patient and practice management, that will drive its adoption rate clinics over the forthcoming years. furthermore, expanding healthcare infrastructure across emerging nations will increase clinics EHR end-use segmental size in the upcoming years.

U.S. EHR market will foresee robust growth at over 5.0% CAGR in the forecast timeframe. Growing adoption of EHR in the U.S. across all physicians and healthcare providers will pose to be high U.S. EHR market growth rendering factor. High internet penetration and availability of investment will accelerate EHR adoption rate. Furthermore, increasing spending on healthcare IT will boost U.S. electronic health records market size in the coming period.

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Chapter 1. Methodology

1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary

Chapter 2. Executive Summary

2.1. Electronic health record (EHR) industry 3600 synopsis, 2014 – 2025 (USD Million)
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. End-use trends
2.1.5. Regional trends

Chapter 3. Electronic Health Record (EHR) Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2014 - 2025
3.3. Industry impact forces

3.3.1. Growth drivers
3.3.1.1. Increasing expenditure on healthcare
3.3.1.2. Growing funding and initiatives for implementation of EHR
3.3.1.3. Expanding adoption of EHR for delivering enhanced patient care
3.3.1.4. Implementation of national strategies for adopting EHR

3.3.2. Industry pitfalls and challenges
3.3.2.1. High cost of EHR implementation and maintenance
3.3.2.2. Lack of skilled professionals in developing countries
3.3.2.3. Security and privacy concerns

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Data Tables

TABLE 1. Electronic health record (EHR) industry 3600 synopsis, 2014 – 2025
TABLE 2. Electronic health record market, 2014 – 2018 (USD Million)
TABLE 3. Electronic health record market, 2019 – 2025 (USD Million)
TABLE 4. Electronic health record market, by product, 2014 - 2018 (USD Million)
TABLE 5. Electronic health record market, by product, 2019 - 2025 (USD Million)
TABLE 6. EHR market, by application, 2014 – 2018 (USD Million)
TABLE 7. EHR market, by application, 2019 – 2025 (USD Million)
TABLE 8. EHR market, by end-use, 2014 – 2018 (USD Million)
TABLE 9. EHR market, by end-use, 2019 – 2025 (USD Million)
TABLE 10. EHR market, by region, 2014 – 2018 (USD Million)

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