Electronic Health Record Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, Spain, Russia, China, India, Japan, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI3130
Electronic Health Record (EHR) market size is anticipated to grow significantly during the forecast period from 2019 to 2025.
The EHR industry should witness significant expansion over the forecast timeframe due to technological advancements in the field of healthcare information technology (Healthcare- IT) coupled with restructuring of electronic healthcare systems.
Surge in adoption of EHR systems, growing geriatric population base prone to suffer from chronic conditions resulting in increased demand for electronic medical record systems will drive EHR industry growth. Furthermore, elevated use of cloud based EHR software along with multifactorial advantages such as all patient related data such as treatment plans, diagnoses, medications, radiology images, immunization dates, test results from laboratories and allergies stored in EHR system will lead to industry expansion.
Application of EHR in healthcare setting helps in increasing productivity thereby leading to rise in patient satisfaction level. Additionally, growing adoption of software solutions including clinical decision support system, data mining and clinical trial management systems should further propel industry growth. However, concerns related to patient data safety and high cost of EHR would limit industry growth to certain extent over the coming years.
Based on product type, the industry is segmented into web/ cloud based EHR software and on-premise EHR software. Cloud based EHR software product category is anticipated to witness significant growth during the analysis period due to high adoption of these software by insurance companies and healthcare providers to allow easy accessibility to patient’s data. Furthermore, low cost of web-based solutions in comparison to on-premise EHR software will drive business growth.
E-prescription component segment should witness lucrative growth during the forecast period. Rising adoption of e-prescriptions by healthcare providers coupled with need for enhanced healthcare quality should drive the segment growth. Numerous surgical specialty and medical organizations have made use of e-prescriptions mandatory. Such initiatives will further boost industry growth.
Based on end-user, the industry is bifurcated into hospitals, specialty centers, ambulatory surgical centers, clinics and others. Hospitals segment accounted for significant market share in 2018. Rising adoption of these systems in hospitals due to easy availability of patient centric data and several advantages of EHR will drive industry growth.
U.S. electronic health record market will witness considerable growth due to technological advancements and high adoption of EHR systems in the country. Growing awareness about benefits of using EHR systems should further propel segment growth over the coming years.
Development of healthcare infrastructure including streamlining electronic healthcare systems coupled with growing burden of chronic diseases will drive China electronic health record market during the forecast period. Rising demand for automation and demand for healthcare IT services in the country will drive China EHR market.
Few notable industry players include, GE Healthcare, Cerner, AdvancedMD, Medical Information Technology, CureMD Healthcare, Allscripts, McKesson Corporation, NextGen Healthcare, eClinicalWorks, Epic Systems Corporation, Healthcare Management System (HMS), Greenway Health, Computer Sciences Corporation (CSC) and Practice Fusion. Companies are focusing towards developing innovative electronic health record systems to strengthen their business portfolio as well as escalate their market position.
Electronic health record market by product, 2014-2025 (USD Million)
- Web/ Cloud based EHR software
- On-premise EHR software
Electronic health record market by component, 2014-2025 (USD Million)
- Practice management
- Referral management
- Patient management
- Population health management
Electronic Health Record market by end-user, 2014-2025 (USD Million)
- Specialty centers
- Ambulatory surgical centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- GE Healthcare
- Medical Information Technology
- CureMD Healthcare
- McKesson Corporation
- NextGen Healthcare
- Epic Systems Corporation
- Healthcare Management System (HMS)
- Greenway Health
- Computer Sciences Corporation (CSC)
- Practice Fusion
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