Global Electronic Health Records Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global electronic health records market in its upcoming report titled, “Global Electronic Health Records Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global electronic health records market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global electronic health records market report has been segmented on the basis of product, type, end user, and region.

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Electronic health record (EHR) is a computerized version of paper record that stores information securely and is visible to other authorized users/practitioners. It is an electronic version of patient medical history which is maintained and includes all data related to patients care under particular doctor, including demographics, progress notes, problems, medication, vital signs, past medical history, immunizations, laboratory data and radiology reports.

Major factor driving growth of the global electronic health records (EHR) market is increasing demand by hospitals and clinics for systematic record keeping and EHR offering various beneficial options such as automatic share and updating of patients’ information across different offices and organization in particular network, provision of decision support systems for healthcare professionals, ability to share multimedia information and medical imaging results on different locations, etc. This helps save time and resources of hospitals and others. In addition, increasing government initiatives in developed and developing countries for development of healthcare sector by raising various regulatory standards and introduction of technologically advanced software that are safe and reliable are other factors expected to support growth of the global electronic health records market.

High cost of computer systems is a major factor expected to hampering growth of the global electronic health records market until two to three years. However, technological advancements such as storage of electronic health records on cloud which costs less and gives easy access to records on smartphones and tablets is expected to create new opportunities in terms of revenue to players operating in the global electronic health records market over the forecast period.

North America market is expected to dominate the global electronic health records market with higher market share as compared to other regional markets, and is expected to continue its dominance during the forecast period. This can be attributed to well-developed healthcare sector, early adoption of electronic health records by hospitals, clinics, etc., and presence of prominent market players operating in countries in this region. Europe market accounts for second-largest revenue share in the global electronic health records market followed by markets in Asia Pacific, Latin America and Middle East & Africa respectively. The market in Asia Pacific is projected to witness fastest growth in terms of revenue, owing to increasing government initiatives for development of healthcare sector in emerging economies in this region.

Global Electronic Health Records Market Segmentation:

By Product:

• Cloud-Based Software
• Web-Based
• On-Premise Software

By Type:

• Inpatient EHR
• Ambulatory EHR

By End User:

• Hospitals
• Ambulatory Care Centers
• Home Healthcare Agencies, Nursing Homes, and Assisted Living Facilities
• Diagnostic and Imaging Centers
• Pharmacies

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa