COVID-19 impact analysis on Electronic Health Record (EHR) Market. Insights on strategies of key players | GE, Cerner Corporation, eClinicalWorks, Epic Systems Corporation, McKesson, athenahealth, Quality Systems, Inc, MEDHOST

In 2017, the global electronic health record (EHR) market attained $22.3 billion and is predicted to advance at a 5.4% CAGR during the forecast period. The market is growing due to the benefits of EHR in epidemiology studies and tracking adverse drug events, increasing government initiatives, surging demand for centralization and streamlining of healthcare administration, rising need for advanced healthcare information systems, and increasing investments by IT players in healthcare. The systematized collection of a patient's health records stored in a digital format is referred to as EHR.

Global Electronic Health Record (EHR) Market Key Players are:
1- GE
2- Cerner Corporation
3- eClinicalWorks
4- Epic Systems Corporation
5- McKesson
6- athenahealth
7- Quality Systems, Inc
8- MEDHOST

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In terms of component, the EHR market is divided into patient management, referral management, practice management, e-prescription, population health management, and others (which include health analytics and decision support). Among these, the practice management division dominated the market during the historical period (2013-2017). The e-prescription division is projected to witness the highest CAGR of 5.9% during the forecast period because of the rising adoption of e-prescriptions by the healthcare providers. Various surgical and medical specialty organizations have made the utilization of these prescriptions mandatory.

A key driving factor of the EHR market is the growing demand for centralization and streamlining of healthcare administration. Because of the availability of vast patient healthcare data, it has become important to collate this data in one software, thereby making it available for the healthcare providers easily, irrespective of their location. Moreover, streamlining the medical data has become necessary in order to reduce errors in medical documentation and decrease the time for generating medical claims. In addition, centralizing the healthcare data helps patient residing remote locations connect with the healthcare providers.

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Market Segmentation by Delivery Mode
o Web-based/cloud-based server
o On-premise
Market Segmentation by Component
o Practice management
o Patient management
o E-prescribing
o Referral management
o Population health management
o Others
Market Segmentation by End User
o Inpatient
o Acute care
o Long term care
o Post-acute care
o Ambulatory care
o Physician offices
o Others

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