COVID-19 Impact Analysis on Electronic Health Record (EHR) Market. Insights on Strategies of Key Players

The rising utilization of healthcare information technologies (HITs) is one of the key factors fuelling the rise in the adoption of ambulatory electronic health records (EHR) across the globe. HITs enable the efficient management of health information stored in various computer systems and also provide a secure exchange of this information between providers, payers, and consumers. According to the National Center for Health Statistics (NCHS), the incorporation of EHR solutions in the U.S. by office-based physicians increased by 6.6% from 2013 to 2014.

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Due to these factors, the global ambulatory EHR market is expected to register huge growth in future. Ambulatory EHR is widely used by hospital-owned ambulatory centers and independent centers. Of these, the higher demand for EHR was observed in hospital-owned ambulatory centers in the past, mainly due to the increasing prevalence of chronic diseases and rising patient base at full-fledged hospitals. These technologies are adopted in large, small-to-medium, and solo practices. Amongst these, large practices have recorded their highest use till now, due to the higher budget and large number of trained practitioners associated with these practices.

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Globally, the highest utilization of ambulatory EHR was observed in North America. The major factor responsible for the boom of the ambulatory EHR market in North America is the increasing number of government initiatives in the region, promoting healthcare and medical expenditure, primarily in order to meet the demands of the growing geriatric population. In 2017, it was reported by the Centers for Disease Control and Prevention (CDC) that 85.9% of office-based physicians in the U.S. were using at least a basic EHR system, while 79.7% had a certified EHR system.

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