Electronic Health Records Market Report Forecasts Impressive Growth by 2022 - Scalar Market Research

According to the report, “Electronic Health Records Market, by Installation (Web Based, Client Server Based, Software as Services), End-user (Hospital, Physician Office, Ambulatory surgery centers, others) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022”, the market for electronic health records is expected to grow at an impressive rate, due to the increased prevalence of diseases and the rising demand from around the world.

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The Electronic Health Records (EHRs) are the digital version of a patient’s medical history. These records are maintained by a healthcare provider, and consist of all the key information related to the health of a patient. EHRs include data ranging from demographics, problems, progress notes, vital signs, medications, past medical history, immunizations, radiology reports, to laboratory data. EHR is a result of vast adoption of IT and digital infrastructure in the healthcare industry. This report studies the current as well as future prospects of the electronic health records (EHR) market globally.

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KEY PREMIUM INDUSTRY INSIGHTS

1. One of the major growth factors of the electronic health record market is the reduced deployment cost of the web-based EHR systems. This is the reason they are very popular among the healthcare professionals.

2. However, one drawback here is that the data is backed up automatically by the vendor. Reduced technical errors, lower upfront costs, and easy access to data at any time from any place are some more factors that contribute towards the growth of the EHR market.

3. Unlike web-based EHR systems client-server based EHR systems have more control on both the software as well as the data. Client-server based EHR systems have more up-front installation fees which hampers the growth of the small and mid-size market.

The electronics health record market is divided into four major geographical segments which are North America, Europe, Asia-Pacific, and the Rest of the World. North America accounts for the highest amount of market share even post-recession. North America Region dominates the EHR market because of encouragement from the government to use certified electronic health records across health care facilities, maintaining expenses related to medical records, and rising demand for improved quality of health care services among the population. Next in line are the Europe and Asia-Pacific regions. They are among the leading contributors of the revenue of global EHR market. Rapid increase in geriatric population, growing need for remote monitoring, need for efficient cost management, and increase in demand for improved patient care are the key factors boosting the growth of EHR market in European region. Asia-Pacific region is also witnessing growing need of EHR across hospitals and other health care centers along with presence of a large number of patients.

KEY MARKET PLAYERS

Key players in the electronic health records market include:

1. Allscripts Healthcare Solutions, Inc.
2. Athenahealth, Inc.
3. Cerner Corporation
4. CPSI
5. Epic Systems
6. eClinicalWorks
7. GE Healthcare
8. Greenway Health, LLC
9. Medical Information Technology, Inc.
10. McKesson Corporation

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