The Global Electronic Health Record (EHR) Market is accounted for $26.80 billion in 2020 and is expected to reach $41.76 billion by 2028 growing at a CAGR of 5.7% during the forecast period. Rising demand for centralization and streamlining of healthcare administration, technological advancements in healthcare services and government initiatives to encourage healthcare IT usage are driving the market growth. However, high initial cost and data security concerns are hampering the growth of the market. Based on the installation, the client server based segment is going to have lucrative growth during the forecast period as it provides a safer alternative for users and offers an in-house data storage to prevent data theft. Moreover, they do not require a stable internet connection unlike the web-based systems, which further drives the segment growth. By geography, North America is going to have high growth during the forecast period due to the policies in the region that support HER adoption and the availability of well-established infrastructure with high digital literacy.
Some of the key players profiled in the Electronic Health Record (EHR) Market include Cerner corp, Epic system corp., Athenahealth, GE Healthcare, Meditab Software, Inc, Aprima Medical Software, Platinum System Specialistis, Inc, Vitera Healthcare Solutions, McKesson Corp., eClinicalWorks, Greenway Health, LLC, Medical Information Technology, Inc., Allscripts Healthcare Solutions, Inc and NextGen Healthcare Inc.
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Types Covered:• Post-Acute• Inpatient Electronic Health Record (EHR)• Ambulatory• AcuteInstallations Covered:• Client Server Based• Software as Services• Web BasedPortals Covered:• Integrated• Stand AloneDeployments Covered:• Cloud Based• Server-Based/On-Premise Business Sizes Covered:• Small• Medium• Large Applications Covered:• Population Health Management• E-Prescription• Practice Management• Clinical Research Application• Patient Management• Administrative Application• Referral Management• Reporting in Healthcare System• Healthcare Financing Business Models Covered:• Professional Services• Technology Resale• Licensed Software• Subscriptions Order Types Covered:• Family Health Records• Community Health Records• Individual Health Records End Users Covered:• Hospitals• Ambulatory Services
The Global Electronic Health Record (EHR) Market is majorly driven by rising demand for centralization and streamlining of healthcare administration, technological advancements in healthcare services and government initiatives to encourage healthcare IT usage. The client server based segment is growing at a highest CAGR as it provides a safer alternative for users and offers an in-house data storage to prevent data theft. Asia Pacific dominated with a significant market share due to the factors such as increasing demand for quality standards & services and large focus on the adoption of electronic record systems to allow data sharing across the national healthcare system. North America market is growing at a highest CAGR due to the policies in the region that support EHR adoption and the availability of well-established infrastructure with high digital literacy.
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