Statistical Report: Global Electronic Health Records Market Size & Share to Surpass USD 39.9 billion by 2026, at a 5.4% CAGR - Predicts Facts & Factors

The global market for electronic health records was valued at more than USD 29.1 billion in 2020, and Factors & Factors Research projects that it will reach USD 39.9 billion by the end of 2026, representing a compound annual growth rate (CAGR) of more than 5.4% between the years 2021 and 2026.

𝐑𝐞𝐚𝐝 𝐃𝐞𝐭𝐚𝐢𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧@https://www.fnfresearch.com/electronic-health-records-market

Major players in the global electronic health records market are

Cerner Corp.
Epic Systems Corp.
Allscripts Healthcare
LLC
GE Healthcare
NextGen Healthcare, Inc.
HMS
DXC Technology Company
CPSI
AdvancedMD, Inc.
eClinicalWorks
Medical Information Technology, Inc.
Greenway Health
LLC
CureMD Healthcare, and McKesson Corp.

A patient's paper chart is essentially replicated on a computer in the form of an electronic health record (EHR). It incorporates medical data that was collected for the purposes of treatment and diagnosis by and for physicians in hospitals, clinics, and physician offices.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚𝐧 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @https://www.fnfresearch.com/sample/electronic-health-records-market

EHR systems help to increase the accessibility of patient data, which ultimately results in an improvement in the overall productivity and effectiveness of patient care. Additionally, electronic health records make it possible for healthcare personnel, such as labs and specialists, to communicate with one another in real-time.

The EHR Industry Will Be Driven Forward by Efforts That Are Directed Towards Acquiring a More Solid Footing In Digital Health Technology

The adoption of electronic health record (EHR) systems is increasing in frequency as the healthcare industry continues its march toward more digitalization. The expansion of the electronic health record (EHR) sector is being fueled by a number of government initiatives.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭@https://www.fnfresearch.com/inquiry/electronic-health-records-market

These initiatives include encouraging physicians to use electronic health records, investing in the training of healthcare information technology professionals, and building regional extension centers to provide technical and other types of assistance. The quick success of the company can also be related to the ease with which it can be installed, which does away with the requirement that specialists be employed to work with complex infrastructure in order to store data. Because each of these jobs can easily be finished via the internet, there is no longer any need for assistance with information technology, which results in a reduction in additional expenditures.

The growth of the market is mostly attributed to the growing acceptance of new technologies as a means of satisfying the growing demand of customers. Speech-recognition software that incorporates natural language processing makes interactions between EHR and medical practitioners far more effective. It makes it possible for specialists to spend less time on paperwork while also improving their ability to engage with patients.

𝐍𝐞𝐞𝐝 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭@https://www.fnfresearch.com/customization/electronic-health-records-market

In addition, the utilization of artificial intelligence (AI) to forecast clinical outcomes based on EHR data has been of assistance in enhancing the quality of care provided to patients, which has resulted in an overall improvement in the patient experience. In addition to these advancements, the expansion of the market will also be helped by efforts and funds provided by the government that is supportive of the field.

The Influence of COVID-19 on the Market for Electronic Health Records Worldwide

During the epidemic of the coronavirus, electronic health records demonstrated their value as an efficient tool for managing data and ensuring the health of the community. The community has shown support for government measures to collect and examine COVID-19 population data, in addition to individual electronic health records that are kept by healthcare organizations. As greater efforts are made to employ digital platforms for pandemic management and as ongoing use of digital technology is made in the future, the sector will witness substantial development as a result of these developments.

𝐑𝐞𝐚𝐝 𝐛𝐮𝐲𝐧𝐨𝐰 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧@https://www.fnfresearch.com/buynow/su/electronic-health-records-market

In addition, businesses such as Allscripts had setbacks in the implementation of front-end software revenue and professional services throughout their entire outpatient and inpatient patient bases. In recent years, the market has been positively impacted by new expansion activities, product approvals, product launches, collaborations, and acquisitions. All of these factors have contributed to the growth of the company. In addition, the growing prevalence of digital technology has contributed to a substantial rise in the demand for electronic health records, which in turn is boosting the expansion of the industry.

The growing desire for healthcare administration that is centralized and streamlined is anticipated to be a primary driver of market expansion. The centralization of health information management is driven by the value-based paradigm, which seeks to simplify operations, standardize processes, reduce costs, and improve the quality of service that ultimately results in patient satisfaction.

The global electronic health records market is segmented as follows:

By Product:

Client-server-based
Web-based

By Type:

Acute
Ambulatory
Post-acute

By End User:

Hospitals
Ambulatory Care

By Business Models:

Licensed Software
Technology Resale
Subscriptions
Professional Services
Others

By Region:

North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of the Middle East & Africa

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This release was published on openPR.