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Electronic health records have gained precedence across all major healthcare organizations since being made mandatory by reputed bodies. The digitization of patient data, as well as the pertinent recording of patient in/out data, surgical history, past payment details, frequency of visits, medication history, and progress notes, is likely to pave new avenues for the global acute care EHR market report as observed by Market Research Future (MRFR).
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Acute Care EHR Market Outlook
The global acute care EHR market is set to achieve a high valuation at a 7% CAGR from 2017 to 2023 (forecast period), according to MRFR. Large prevalence of cancer and other chronic diseases has warranted the need for EHR software that contains patient and family medical history. According to the Center for Disease Control & Prevention (CDC), in 2015, 7 out of 10 deaths were caused by chronic diseases.
Large number of hospitals, heavy patient inflow, and low number of employees are factors which can drive the market growth. Remote monitoring of patients, especially geriatric patients, can drive the demand for acute care EHR. New HIPAA policies that encourage the use of software and other technology for diagnosis of patients will augur favorably for the acute care EHR market growth.
But exorbitant costs of software may impede the market growth.
Segmentation
The global acute care EHR market has been segmented based on deployment, application, and end user.
By deployment, the global acute care EHR market has been segmented into On-Premises based and Web-based.
By application, the global acute care EHR market has been segmented into personal care, pharmaceuticals, and others.
By end user, the global acute care EHR market has been segmented into hospital, ambulatory care, and others.
Acute Care EHR Market Regional Analysis
The Americas command a major share of the market owing to the large patient population, increasing number of hospitals, and strong government support for research & development. Additionally, availability of funds and rising geriatric population will fuel the growth of the market.
Europe accounts for the second largest market across the globe, which is followed by Asia Pacific. Strong government support, availability of funds for research and high healthcare expenditure drives the growth of the market. Asia Pacific is the fastest growing market. China, and India are the key contributors to the market growth due to presence of huge population base, increasing prevalence chronic diseases, rapidly growing economy, and increasing healthcare expenditure. Additionally, increasing government support, and presence of huge opportunity have fuelled the growth of the market in Asia Pacific.
The Middle East & Africa holds the least share of the global market due to limited availability of medical facilities and poor economic condition in the African region. The Middle East holds the major share in the market owing to a well-developed economy. Whereas, Africa region is expecting a healthy growth due to the presence of huge opportunity in the market growth.
Competitive Landscape
The noteworthy players in the global acute care EHR market include Epic Systems Corporation (U.S.), Evident (CPSI) (U.S.), eClinicalWorks (U.S.), Medhost (U.S.), Athenahealth (RazorInsights) (U.S.), IBM (U.S.), Vitera Healthcare Solutions (U.S.), Meditech (U.S.), McKesson Corporation (U.S.), Allscript (U.S.), Cerner Corporation (Siemens) (U.S.), Healthland (U.S.), and General Electric Company (U.S.)
Key Players
Some of key the players in the market are Cerner Corporation (Siemens) (U.S.), Allscript (U.S.), Healthland (U.S.), Medhost (U.S.), McKesson Corporation (U.S.), Evident (CPSI) (U.S.), Epic Systems Corporation (U.S.), Meditech (U.S.), Athenahealth (RazorInsights) (U.S.), General Electric Company (U.S.), IBM (U.S.), Vitera Healthcare Solutions (U.S.), and eClinicalWorks (U.S.).
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation for Global Acute Care EHR Market
Figure 3 Segmentation Market Dynamics for Global Acute Care EHR Market
Figure 4 Global Acute Care EHR Market Share, by Deployment 2020
Figure 5 Global Acute Care EHR Market Share, by Application 2020
Figure 6 Global Acute Care EHR Market Share, by End Users, 2020
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