Tuesday, August 21, 2018

Electronic Health Record Market Analysis- Size, Share, Growth, Industry Demand, and Forecast 2025


An Electronic Health Record is a patient’s information chart which is in a digital form. Electronic Health Record gives patient-related information immediately and in a secure manner to accredited users. Though EHR consist mainly of the patients clinical data and treatments it is built to go far from just the clinically accumulated data resulting in better healthcare of the patient and giving a wider glance over the patient’s medical history.

Competitive Analysis:Some of the key players operating in the global EHR market are, 
Cerner Corporation, McKesson Corporation, Allscripts Healthcare Solutions, Inc., Epic Systems Corporation, eClinicalWorks, LLC, athenahealth, Inc., General Electric Company, NextGen Healthcare Information Systems, LLC (a part of Quality Systems, Inc.), Merge Healthcare Incorporated (an IBM company), Greenway Health, LLC and CompuGroup Medical.
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Industry Outlook & Trend Analysis:
The Global 
Electronic Health Records (EHR) Market is estimated to reach up to $33 billion by 2025. The market is primarily driven by factors such as increasing healthcare IT expenditure, favorable government initiatives for adoption and implementations of EHR systems and rapid advancements in information technology around the world. These systems not only help in efficiently maintaining historical data related to patients’ health parameters but also assist physicians in taking informed and timely decisions regarding most suitable treatment for patients in times of medical emergencies. The convenience of sharing medical records among different physicians, hospitals and other healthcare institutions using EHR systems is expected to fuel the market growth during the forecast period. However, factors such as concerns related to data privacy and security along with integration and interoperability issues related to EHR systems can hamper the market growth during the forecast period.

Benefits of Electronic Health Record:Immediate access to the records and imperative information of the patient.
Function enhancing tools and report provided on real-time basis.
Prescription that is more dependable and safe.
Enables precise billing and coding along with legit documentation.
Provides additional features like reminders, clinical information, alerts etc.
Improved communication with other healthcare organizations.
Sending messages or alerts to other medical staff easily.
Accurate receipts of tests and diagnosis from laboratories.

One of the most imperative functions performed by the Electronic Health Records is that it has the ability to provide a patient’s medical data across organizations such as workplace, clinics, laboratories, pharmacies, hospital, emergency facilities and specialist in order to have a gathered data of the patient that contains analyses of more than one organization.

Electronic Health Records Market Segmentation:
Electronic Health Records Market, By Type, Estimates and Forecast, 2016-2025 ($Million)
Acute EHR
Ambulatory EHR
Post-acute HER

Electronic Health Records Market, By Installation, Estimates and Forecast, 2016-2025 ($Million)Client Server-based HER
Web-based HER

Electronic Health Records Market, By End User, Estimates and Forecast, 2016-2025 ($Million)Hospitals
Ambulatory Care Settings

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Electronic Health Records Market -End User Outlook Hospitals segment held a major share of the EHR market in 2016 due to the large scale adoption of EHR systems in order to efficiently manage the vast amount of health related information, especially in in-patient departments. As EHR systems prove to be effective in streamlining workflow in these institutions, delivery of improved quality of healthcare to the patients can be ensured using EHR systems. Ambulatory care settings segment is expected to witness the fastest growth during the forecast period as these systems assist effectively in maintaining information related to reimbursements for patients in outpatient departments.

Regional Outlook and Trend AnalysisNorth America held the major share of the global EHR market in 2016 owing to the presence of robust healthcare IT infrastructure in the region, favorable government legislations and initiatives for adoption and implementation of EHR systems in the U.S. and rapid adoption of EHR systems by healthcare providers in the region. Asia-Pacific EHR market is expected to witness the fastest growth during the forecast period due to increasing healthcare expenditure in emerging countries prompted by rising demand for improved healthcare infrastructure by the people. 

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Major Table of Contents:Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research

Chapter 2. Executive Summary
2.1. Key Highlights

Chapter 3. Market Overview3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Continued Growth in Automobile Production
3.2.1.2. Transition Towards Energy-Efficient Motors 
3.2.2. Restraints
3.2.2.1. Requirement of Control System and High Price
3.2.2.2. Grey Market Providing Low-Quality and Inexpensive Products 
3.2.3. Opportunities
3.2.3.1. Emerging Countries to Offer Lucrative Growth Opportunities 
....CONTINUED FOR TOC

Reason to Buy –• Highlights key business priorities in order to assist companies to realign their business strategies.

• The key findings and recommendations highlight crucial progressive industry trends in the Electronic Health Records market, thereby allowing players to develop effective long term strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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