Acute Care Electronic Health Recorder (HER) Market Research Report- Information By Deployment (On-Premise Based, Cloud-Based), By Application (Personal Care, Pharmaceuticals), and By End User (Hospitals, Ambulatory Care) - Global Forecast till 2023
Pune, India -- (SBWIRE) -- 02/14/2018 -- The Global Acute Care EHR Market is expected to grow at a CAGR of ~ 7.0 % during the forecast period 2017-2023.
The Electronic Health Record (EHR) is a longitudinal electronic record of patient health information including medication, past medical history, complications, patient demographics, progress notes, immunizations, vital signs, laboratory data and others. The acute care EHR differ slightly from the hospital and ambulatory EHR. The Acute Care EHR generates a patient information showing all clinical details, for operating room, emergency department, ICU, or any inpatient unit. During the last decade, there has been a significant increasing in the number of patients suffering from cancer, diabetes, heart disease, stroke among others which has increased the number of hospitals across the globe.
According to the Center of Diseases Control and Prevention (2015), chronic diseases are responsible for 7 out of 10 deaths per year across the globe. The global acute care EHR is majorly driven by the increasing number of inpatients, rising prevalence of chronic diseases, and increasing number of hospitals & ambulatory centers. The increasing requirement of remote monitoring of geriatric patients has played a crucial role in creating demand for the improving healthcare facilities.
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Healthcare IT has helped in overcoming this problem and has improved the quality of treatment and also helped in the healthcare maintenance. Moreover, introduction of the advanced healthcare software and adoption of advanced devices & technology by healthcare has boosted the growth of the market. Due to the use of the advanced technology, the cost of the treatment is increased which is affecting the affordability of patients in the developing countries. High cost of the devices and treatment may slow the growth of the market.
Some of key the players in the market are Cerner Corporation (Siemens) (U.S.), Allscript (U.S.), Healthland (U.S.), Medhost (U.S.), McKesson Corporation (U.S.), Evident (CPSI) (U.S.), Epic Systems Corporation (U.S.), Meditech (U.S.), Athenahealth (RazorInsights) (U.S.), General Electric Company (U.S.), IBM (U.S.), Vitera Healthcare Solutions (U.S.), and eClinicalWorks (U.S.).
The Americas command a major share of the market owing to the large patient population, increasing number of hospitals, and strong government support for research & development. Additionally, availability of funds and rising geriatric population will fuel the growth of the market.
Europe accounts for the second largest market across the globe, which is followed by Asia Pacific. Strong government support, availability of funds for research and high healthcare expenditure drives the growth of the market. Asia Pacific is the fastest growing market.
China, and India are the key contributors to the market growth due to presence of huge population base, increasing prevalence chronic diseases, rapidly growing economy, and increasing healthcare expenditure. Additionally, increasing government support, and presence of huge opportunity have fuelled the growth of the market in Asia Pacific.
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The Middle East & Africa holds the least share of the global market due to limited availability of medical facilities and poor economic condition in the African region. The Middle East holds the major share in the market owing to a well-developed economy. Whereas, Africa region is expecting a healthy growth due to the presence of huge opportunity in the market growth.
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