Overview

Electronic Health Record Market Introduction

The global electronic health record market is anticipated to register a CAGR of 38.21% during the forecast period of 2020-2027 and value over US$ 111 billion by 2027 end.

Electronic health record (EHR) refers to the maintenance of patient records in digital format that can be accessed by authorised healthcare professional in order to run the practice smoothly. The EHR software is capable of storing patient diagnostic details, prescriptions, billing, appointments, reporting and can also send notifications or medical alerts over smart devices. Such software comes with varied subscriptions, training and implementation guides that can be easily adopted by independent practitioners, hospitals and medical centres.

Electronic Health Record Market Overview
With digitization being prevalent the acceptance of electronic health records in the healthcare sector is positively boosting the global electronic health record market. This trend is estimated to continue in the upcoming years due to anticipated technological advances with smart features at affordable pricing. The emerging nations are soon apprehending the importance of digital space in healthcare services and are set to invest in purchases of EHR systems. Besides various technology companies in both developed and growing economies are striving to provide streamlined software at a cutthroat competition. The support for pilot implementations by defence authorities, subsidiaries and regulatory norms from governing authorities, use of cloud-based services for cost saving, mergers and acquisitions, for example, AdvancedMD’s recent acquisition of NueMD EHR are some factors chiselling the future of global electronic health record market.

Due to ubiquitous internet availability, rising healthcare spending capability and sufficient investments North America is estimated to witness robust growth during the forecast period of 2019-2026. Europe is to follow the footprints as accessibility options multiply rapidly and European healthcare market to observe the abundant EHR benefits.
The rise in demand for health care services along with strong economic growth and rapid investments are factors forging a well-received CAGR in the APAC region during the forecast period.

Major Market Players are

Allscripts Healthcare Solutions, NextGen Healthcare, McKesson Corporation, Greenway Health LLC, Cerner Corporation and CureMD corporation.

Electronic Health Record Market

Electronic Health Record Market Segmentation

By Deployment Type
• On-Premise
• Cloud-Based

By End-User
• Hospitals
• Clinicsse
• Others

By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Rest of the World
Competitive Landscape:

• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Key Takeaways

• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:
• To provide with an exhaustive analysis on the global electronic health record market on the basis of deployment type, end user, and region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies