Electronic Health Records Market Size, Industry Trends, Share and Forecast 2018-2023

An Electronic Health Records (EHR) is a digitalized version of storing patient’s health Records. EHR is basically designed to store accurate data on patient health status across time. One of the key features of an electronic health records market is, health information can be easily generated and managed by the authorized person in a digital format. These data and reports are capable of being shared with other providers across the healthcare organizations. Factors motivating the growth of this market are government initiatives in providing better health services, digitization in healthcare management practices and increasing demand of healthcare services.

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High initial cost and complex technological guidelines of EHR software may affect the growth of this market. However, EHR provides integrating patient information from different sources which enable to make a better clinical decision. Currently, the roles and applications of EHR in the healthcare system include clinical care functions, financial function, clinical research function, reporting, and administrative function have provided new opportunities to this market.

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Geographically EHR market is divided into North America, Europe, Asia Pacific and Rest of the World. North America region represents the largest market for HER. Developing nations that are experiencing impressive growth in their economy over the past few years such as India, China, Brazil, Mexico and South Africa have a great potential for EHR market. As government regulation of these economies will encourage healthcare providers to adopt technically advanced EHR systems. Europe is expected to have a lucrative growth in this market. In England, patients are granted online access through the IT system of their general practitioner (GP). As per National health services (England), more than 96% of GP practices now offer patients the chance to book appointments, order repeat prescriptions and access their records in summary form online.

The global players in the electronic health records market include Cerner corp., Epic system corp., Allscripts, Nextgen healthcare information system, Athenahealth. The strategy adopted by these companies are continuous investments in (R&D) which made them progress over the past several years in reducing the total cost of solutions. As a result, the market player may offer low-cost, high-value solutions and services to smaller community hospitals, critical access hospitals and physician practices. In February 2015, Cerner acquired Siemens Health Services (now referred to as “Cerner Health Services”) which offers a portfolio of enterprise-level clinical and financial healthcare information technology solutions, as well as departmental, connectivity, population health, and care coordination solutions globally.

Electronic Health Records Market Segmentation

By Installation

• Web Based
• Client Based

By End User

• Hospitals
• Physician Offices
• Ambulatory Services
• Laboratory And Diagnosis Centers

By Business Size

• Small
• Medium
• Large

By Deployment

• On-Premise (Ehr)
• Cloud Based (Ehr)

Regional Analysis

North America

• United States
• Canada

Europe

• UK
• Germany
• Spain
• France
• Italy
• Rest Of Europe

Asia pacific

• India
• China
• Japan
• Rest Of Asia pacific

Rest of The World

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