Electronic Health Record Market Hits US$ 20,318.02 Million by 2028

According to the latest study on "Electronic Health Record (EHR) Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Installation Type, Type, and End User," the market was valued at US$ 14,054.05 million in 2020 and is projected to reach US$ 20,318.02 million by 2028; it is expected to grow at a CAGR of 4.9% during 2021-2028. The report highlights trends prevailing in the market and the factors driving and restraining the market growth.

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EHRs are patient-centered and real-time digital records that make patient data available instantly and securely to authorized healthcare professionals. The record comprises information regarding patient's medical history, medications, allergies, treatment plans, diagnoses, immunization dates, radiology images, and laboratory test results. The factors such as the increasing adoption of EHRs, rising incentives by federal government, and growing incidences of medication errors drive the growth of the electronic health record (EHR) market.

Based on installation type, the electronic health record (EHR) market is bifurcated into cloud-based and on-premise. The cloud-based segment held a larger share of the market in 2020, and the same segment is anticipated to register a higher CAGR in the market during the forecast period.

Cerner Corporation, Computer Programs and Systems, Inc., Allscripts Healthcare Solutions, Inc., McKesson Corporation, Epic Systems Corporation, NextGen Healthcare, eClinicalWorks, Greenway Health, AdvancedMD, Inc., and CureMD Healthcare are among the major companies operating in the global electronic health record (EHR) market.

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The report segments global electronic health record (EHR) market as follows:
By Installation Type
• Cloud-Based
• On-Premise

By Type
• Acute EHR
• Ambulatory EHR
• Post-Acute EHR

By End User
• Hospitals
• Diagnostic and Imaging Centers
• Ambulatory Care Centers
• Pharmacies
• Other

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This release was published on openPR.