CRI Report has released a report titled “Electronic Health Records (EHR) Market – Analysis of Market Size, Share & Trends for 2020 – 2030 and Forecasts to 2030” which is anticipated to reach USD 43.34 billion by 2030. According to a study by CRI Report, the market is anticipated to portray a CAGR of 4.76% between 2020 and 2030. According to the report, the market is estimated to proliferate owing to increasing patient data accessibility, therefore improving the overall productivity and efficiency of patient care. Electronic health records’ use is expected to increase in the future due to its various features, applications, and interoperability across a variety of healthcare settings.
The market report on global Electronic Health Records (EHR) market includes in-depth insights as:
- The estimated value of the market was USD 27.22 billion in the year 2020.
- Region-wise, the market in North America which held the largest market share in the year 2019, emerged as a key market for Electronic Health Records (EHR) Market.
- Based on Installation type, Web/Cloud-based emerged as a key segment in the global Electronic Health Records (EHR) Market.
- Based on the End-User channel, Hospitals segment emerged as a key segment in the global Electronic Health Records (EHR) market.
- Key players are likely to focus on product innovations and expansion through mergers to retain their positions in developed markets.
“As the healthcare sector moves toward digitization, electronic medical record (EMR) systems are becoming more popular. Many government measures, including encouraging physicians to use electronic health records, investing in educating healthcare information technology employees, and creating regional extension centers to give technical and other guidance, are fueling the expansion of the EMR industry.”, according to this report
EHRs are patient-centered and real-time digital records that make patient data available instantly and securely to authorized healthcare professionals. The record comprises information regarding a patient’s medical history, medications, allergies, treatment plans, diagnoses, immunization dates, radiology images, and laboratory test results. EHR systems aid in enhancing patient data accessibility, therefore improving the overall productivity and efficiency of patient care. Medical practitioners’ interactions with EHR are improved by speech-recognition software with natural language processing. It allows professionals to spend less time on paperwork and engage more patients. Furthermore, the use of artificial intelligence (AI) to anticipate EHR-based clinical outcomes has aided in improving the patient experience through better care delivery.
Global Electronic Health Records (EHR) market is segmented by Installation Type into Cloud-based and On-Premise. Among these Cloud-based held the largest share in 2020. EHR software that is online/cloud-based operates on a web platform, which eliminates the need for extra hardware and software installation and simplifies deployment in small clinical offices. When compared to client-server systems, it allows practitioners to avoid cash flow interruptions through speedier installation. Web/cloud-based software is cost-effective because it eliminates additional costs such as license fees, frequent upgrades, and device upkeep.
Key Players in the Market
- Some of the key players operating in the global Electronic Health Records (EHR) market are Cerner Corporation, COMPUTER PROGRAMS AND SYSTEMS INC., Allscripts Healthcare Solutions Inc., McKesson Corporation, Epic Systems Corporation., NextGen Healthcare, eClinicalWorks, Greenway Health, AdvancedMD Inc., CureMD Healthcare.
Get Valuable Insights into Global Electronic Health Records (EHR) Market
In the new report, CRI Report thrives to present an unbiased analysis of the global Electronic Health Records (EHR) market that covers the historical demand data as well as the forecast figures for the period, i.e., 2020-2030. The study includes compelling insights into growth that is witnessed in the market. The market is segmented by Installation type into Cloud-based and On-Premise. By Type into Acute EHR, Ambulatory EHR, Post-Acute EHR. By End-User into Hospitals, Diagnostics and Imaging centers, Ambulatory care centers, Pharmacies. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.