Accurate & up-to-date patient data and reduced healthcare cost in long term are the major drivers which are likely to aid the growth of electronic health record market. Cloud based software is expected to add new opportunities for this market in the coming years.
Pune, India -- (SBWIRE) -- 03/30/2019 -- Increase in adoption of EHR, increased use of cloud-based EHR software, rapid surge in aging population, and subsequent rise in the number of chronic diseases drive the market growth. However, high cost of EHR and increase in concerns regarding the patient data safety & security are expected to impede the market growth. Moreover, huge market potential in the developing regions are expected to offer further opportunities for market growth during the forecast period.
Based on product, server-based EHR software is expected to maintain its dominant (more than half of the market share in 2016) position during the analysis period as it allows for a wide range of customization, is interoperable, and has a robust support from vendors.
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The key players influencing the market are Cerner Corporation, GE Healthcare (General Electric Company), Allscripts Healthcare Solutions, Inc., McKesson Corporation, Epic Systems Corporation., NextGen Healthcare (Quality Systems, Inc.), eClinicalWorks, Healthcare Management System, CPSI, AdvancedMD.
The global electronic health records market is segmented based on product, type, application, end user, and region. Based on product, the market is bifurcated into cloud-based software and server-based/on-premise software. The type segment is categorized into inpatient EHR and ambulatory EHR. Based on application, the market is segmented into clinical application, administrative application, reporting in healthcare system, healthcare financing, and clinical research application. EHRs may be used in hospitals, clinics, specialty centers, and other medical settings. Based on region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electronic health record market based on type, installation type, and application. It also provides market size and forecast till 2025 for overall electronic health record market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 counties globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.
The report also includes the profiles of key electronic health record manufacturing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
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Key Benefits
- This report provides a detailed study of market trends and forecast from 2019 to 2025, which assist to identify the prevailing market opportunities.
- In-depth coverage of the global market that includes drivers, restraints, and opportunities, helps professionals to understand the market behavior in a better way.
- This study further includes market share analysis in terms of type and applications.
- Detailed study of the strategies of key leaders, partnerships, and acquisitions in the market is provided.
- Porter's Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making.
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