With 5.4% CAGR, Electronic Health Records Market Size Worth USD 39,913.16 Million by 2026
According to Fortune Business Insights, the global Electronic Health Records Market size is projected to reach USD 39,913.16 Million in 2029, at CAGR of...
Pune, India, Dec. 20, 2022 (GLOBE NEWSWIRE) -- The global electronic health records (EHR) market is set to gain momentum from the introduction to artificial intelligence (AI) in the healthcare industry. AI not only helps clinicians in diagnosing a patient's condition, but also recognizes historical trends of the patient.
This information is given by Fortune Business LINK in a recently published report, titled, 'Electronic Health Records (EHR) Market Size, Share & Industry Analysis, By Product (Web-based, On-premise), By Type (Stand Alone, Integrated) By End User (Physician's Office, Hospitals, Others) and Regional Forecast, 2019-2026.' The report further states that the EHR market size stood at USD 26,200.48 Million in 2018 and is projected to reach USD 39,913.16 Million by 2026, exhibiting a CAGR of 5.4% during the forecast period. Request a Sample Copy of the Research Report: URL Below are a couple of the latest key industry developments: Northwell Health and Allscripts announced signed an agreement to develop the next-generation EHR that would be AI-based, voice-enabled, and cloud-based. Meditab Software, Inc.
joined hands with CoverMyMeds to broaden its unique range of EHR solutions. It would also aid the companies in integrating electronic prior authorization (ePA) feature to the e-prescribing workflow of all the users of the intelligent medical software (IMS) platform. Report Scope Report CoverageDetailsForecast Period2019 to 2026Forecast Period 2019 to 2026 CAGR5.4%2026 Value ProjectionUSD 39,913.16 MillionBase Year2018Market Size in 2018USD 26,200.48 MillionHistorical Data for2015 to 2017No.
of Pages135Key PlayersMedical Information Technology, Inc. (MEDITECH), Cerner Corporation, MEDHOST, Epic Systems CorporationElectronic Health Records Market Growth DriversRising Usage in Administrative & Clinical Applications to Boost GrowthAbility to Reduce Cost of IT Support Will Accelerate Growth of Web-based SegmentFavourable Government Policies to Favour Growth of North America Click here to get the short-term and long-term impact of COVID-19 on this market. URL Drivers & Restraints Rising Usage in Administrative & Clinical Applications to Boost Growth Since the past few years, in many countries, the adoption of electronic medical record is upsurging at a fast pace.
It is occurring because of the realization of the masses that to gain top-quality care at lower costs, implementation of a robust health information technology (HIT) is extremely vital. EHR is used extensively in clinical applications, such as decision supports, results management, order entry and support, and health information and data. It is also used in healthcare financing, as well as administrative applications.
However, deployment of EHR involves a lot of money spending. It may hinder the electronic health records market growth during the forthcoming period. This Report Answers the Following Questions What are the electronic medical records (EMR) market trends, growth drivers, and hindrances?How many companies would generate the maximum share in the near future?Which are the innovative strategies adopted by key players to increase sales?What are the important challenges and opportunities that the market may face?How will the market be affected in the near future? Quick Buy - Electronic Health Records Market Research Report URL Segment Ability to Reduce Cost of IT Support Will Accelerate Growth of Web-based Segment In terms of product, the market is grouped into on-premise and web-based. Out of these, the web-based segment is expected to showcase significant EMR market revenue and lead throughout the forecast period.
It is attributable to their easy installation process where technicians don't have to work with complex infrastructure to host data. All these works can be easily done through the Internet and hence, it doesn't require IT support and lowers additional cost. The on-premise segment is likely to exhibit slow growth because of the requirement of in-house servers.
SegmentationBy Product By Type By End User Physician's OfficeHospitalsOthers Regional Analysis Favourable Government Policies to Favour Growth of North America Geographically, the market is divided into Asia Pacific, the Middle East and Africa, North America, Latin America, and Europe. Amongst these, in 2018, North America procured USD 12,123.12 million EHR market revenue. This growth is attributable to the presence of flexible regulatory scenario, favourable government policies, and rising digitalization in the healthcare sector in the U.S.
In Asia Pacific, the market would exhibit lucrative growth fuelled by the increasing initiatives by key vendors to explore the untapped countries in this region. In the Middle East and Latin America, the rising prevalence of chronic diseases requiring suitable management in the health clinics is set to drive the market growth. Lastly, in Europe, several countries are adopting healthcare IT rapidly, which, in turn, is anticipated to boost growth.
Competitive Landscape Key Players Focus on Unveiling State-of-the-art Products by Joining Hands with Others The market consists of a large number of big, medium, and small companies that are striving persistently to gain more share. To attain their business goals, they are focusing on research and development activities to introduce cutting-edge products in the market. Some of them are also teaming up with other local players.
Ask for Customization URL Fortune Business LINK presents a list of all the reputed companies operating in the electronic health records market. They are as follows: Medical Information Technology, Inc. (MEDITECH)Cerner CorporationMEDHOSTEpic Systems Corporation eClinicalWorksCareCloud CorporationAllscripts Healthcare, LLCNextGen HealthcareAthenahealthOther prominent market players Table of Content Introduction Research ScopeMarket SegmentationResearch MethodologyDefinitions and Assumptions Executive SummaryMarket Dynamics Market DriversMarket RestraintsMarket Opportunities Key Insights New Product LaunchRegulatory Scenario for Key CountriesKey Industry Developments- Mergers, Acquisitions and PartnershipsOverview on Electronic Health Records Industry BackgroundStatistics on Adoption Rate of EHR for Key CountriesTechnological Overview Pertaining to Electronic Health Records Global Electronic Health Records (EHR) Market Analysis, Insights and Forecast, 2015-2026 Key Findings / SummaryMarket Analysis, Insights and Forecast – By Product Market Analysis, Insights and Forecast – By Type Market Analysis, Insights and Forecast – By End User Physician's OfficeHospitalsOthers Market Analysis, Insights and Forecast – By Region North AmericaEuropeAsia PacificLatin AmericaMiddle East & Africa ToC Continued… Have Any Query? Ask Our Experts: URL About Us: Fortune Business LINK delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions.
We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in. Address: Fortune Business Insights Pvt.
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