Electronic Health Record Market Detailed Analysis of Current Industry Scenario with Growth Forecasts to 2028 Players are (Athenahealth, Inc., Greenway Health, Medical Information Technology)
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Driver: The primary driver of this market is government initiatives to encourage the use of healthcare IT. In addition, the introduction of technologically advanced healthcare services is expected to fuel market expansion. In recent years, the market has been influenced positively by new expansion activities, product approvals, product launches, partnerships, and acquisitions. Furthermore, as the world becomes more digitalized, there has been a significant increase in demand for electronic health records, which is driving the market forward.
Restrain: Because certain client purchasing decisions and projects are delayed to focus on treating patients, procuring necessary medical supplies, and managing their organizations through this crisis, the pandemic has had a negative impact on the revenues of major market players. On the other hand, factors, like data privacy concerns, high initial investment, shortage of proper trained staff and inter-operability issues are the primary restraints in the growth of the electronic medical records market.
• In December 2020, CompuGroup Medical acquired eMDs, which is a leading player of HER and the main purpose of this acquisition is to expand and reinforce the firm’s presence in the ambulatory segment in the U.S. as well as fortify its portfolio.
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Key Market Insights from the report:
The Global Electronic Health Record System Market accounted for US$ 25.5 billion in 2020 and is estimated to be US$ 38.9 billion by 2030 and is anticipated to register a CAGR of 4.30%. The Global Electronic Health Record System Market has been segmented on the basis of product type, end-user and region.
• By Product Type, the market is segmented into Web/Cloud Based EHR Systems and Client Server Based EHR.
• By End-user, the market is segmented into Hospital and Ambulatory Care Centers.
• By Region, the Global Electronic Health Record System Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies:
The prominent player operating in the global electronic health record system market include Athenahealth, Inc., Greenway Health, Medical Information Technology, LLC, Allscripts Healthcare Solutions, Inc., 4medica, McKesson Corporation, Cerner corporation, GE Healthcare and NextGen Healthcare Information Systems.
Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market.
Global Patient Centric Healthcare App Market:
Global Smart Healthcare Products Market:
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
Explore Extensive Coverage of Prophecy Market Insights Healthcare Industry:
Key questions answered in the report:
• What will the market growth rate of Electronic Health Record Market in 2026?
• What are the key factors driving the global Electronic Health Record Market?
• Who are the key manufacturers in Electronic Health Record Market space?
• What are the market opportunities, market risk and market overview of the Global Electronic Health Record market?
• What are sales, revenue, and price analysis of top manufacturers of Electronic Health Record Global market?
• What are sales, revenue, and price analysis by types and applications of Electronic Health Record Market?
• What are sales, revenue, and price analysis by regions of Electronic Health Record market?
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