Latest Trends and Opportunities in Electronic Health Record Market

2018-05-24 15:04:05

According to a new report published by Reports Monitor titled, “Electronic Health Record Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the electronic health record market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025

An electronic health record is digital version of health related data of individual. Rising demand of software solution such as clinical trial management, clinical decision support system and data mining are propels the growth of the market. Moreover, increasing number of patient suffering from chronic diseases and geriatric population are driving the growth of the market. 

Growing interest of medical professional for adopting technologically advanced data management systems and increasing need for the remotely monitoring of geriatric patient are playing vital role in the growth of the market. Growing technological advancement in developing economies is opportunity for the HER market. Data privacy & security and lack of skilled healthcare IT professional are hampers the growth of the market.     

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This report provides a detailed analysis of electronic health record market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.

Segmentation of electronic health record market is majorly focused on: product, type and application. Based on the product the market is segmented into cloud based and on-premises software. Based on the type the market is segmented into inpatient EHR and ambulatory EHR. Based on the application, the market is segmented into clinical research application, healthcare financing, clinical application, administrative application and reporting in healthcare system. On the basis of end user, the market is segmented into hospitals, clinics, specialty clinics and others. 

Global electronic health record market is majorly analyzed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Government initiative by mandatory the healthcare data storage, early adaptation of technology in healthcare and developed healthcare system are driving the growth of the market in North America. Rising population & disposal income, increasing government expenditure on healthcare and growing healthcare education are contributing growth of the electronic health record market in Asia-Pacific. 

Major vendors operating in the global electronic health record market are: GE Healthcare, Medical Information Technology, Inc., Athenahealth, Inc., Allscripts Healthcare Solutions, Inc., Cerner Corporation, eClinicalWorks, CPSI, Epic Systems, Greenway Health, LLC, McKesson Corporation, 4medica, and NextGen Healthcare. 

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