Electronic Health Record System Market accounted for US$ 25.5 billion in 2020 and is estimated to be US$ 38.9 billion by 2030 and is anticipated to register a CAGR of 4.30%. The systems that are used to maintain the digital health records of the patients, which supports the systemic storage of health progress, vital signs, medications, lab data and medical history are called as electronic health record systems. There is a minimum risk of losing it with less manual work and easy access of the information as the data is stored electronically. Health record systems allows easy sharing of the data with other healthcare professionals in order to take decisions related to patient’s health. It also allows to get connected with different sections of healthcare departments to collect the patient’s data.
The report " Global Electronic Health Record System Market (EHR), By Product Type (Web/Cloud Based EHR Systems and Client Server Based EHR), By End User (Hospitals and Ambulatory Care Centers), By Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Trends, Analysis and Forecast till 2030”
Key Highlights:
· In December 2020, CompuGroup Medical acquired eMDs, which is a leading player of HER and the main purpose of this acquisition is to expand and reinforce the firm’s presence in the ambulatory segment in the U.S. as well as fortify its portfolio.
Analyst View:
Upsurge in the adoption rate of EHR, combination of healthcare information technology (HCIT) with cloud based service is primary factor driving the global market growth. Additionally, increasing prevalence of chlorine disease and growth in geriatric population is boosting growth for target market. For instance, according to cancer.org in 2019, there will be around 1,762,450 new cancer cases diagnosed and around 606,880 cancer deaths in the U.S. All these numbers shows that there is a need for efficient result based healthcare system which arranges the prevention of diseases; early diagnosis and constant monitoring along with providing best value based healthcare record and services globally.
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Key Market Insights from the report:
The Global Electronic Health Record System Market accounted for US$ 25.5 billion in 2020 and is estimated to be US$ 38.9 billion by 2030 and is anticipated to register a CAGR of 4.30%. The Global Electronic Health Record System Market has been segmented on the basis of product type, end-user and region.
· By Product Type, the market is segmented into Web/Cloud Based EHR Systems and Client Server Based EHR.
· By End-user, the market is segmented into Hospital and Ambulatory Care Centers.
· By Region, the Global Electronic Health Record System Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape:
Some of the prominent players operating in the global electronic health record system market include Athenahealth, Inc., Greenway Health, Medical Information Technology, LLC, Allscripts Healthcare Solutions, Inc., 4medica, McKesson Corporation, Cerner corporation, GE Healthcare and NextGen Healthcare Information Systems.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
