Electronic Health Records Market size was valued at USD 27.3 Billion in 2021, registering a CAGR of 4.2% during the forecast period (2022-2030), and the market is projected to be worth USD 39.5 Billion by 2030.
An electronic health record is a digital representation of a patient’s medical records. EHR electronically collects, generates, and retains the health record. Because of the demand for modern healthcare facilities, healthcare providers are adopting EHRs. Administrative activities, computerised physician order entry, lab systems, radiology systems, pharmacy systems, and clinical documentation are the main components of an EHR. Age, gender, ethnicity, health history, prescriptions, allergies, vaccination status, lab test results, hospital discharge instructions, and billing information are all included in EHR.
Electronic Health Records Market Research Report” was just released by Market Research Community. It is divided into several categories, including By type (Inpatient HER, Ambulatory EHR), By Product (On-premise Software, Cloud-based EHR Software), By Application (Clinical Application, Administrative Application, Reporting in Healthcare System, Healthcare Financing, Clinical Research Application) and companies (NextGen Healthcare, Inc., eClinicalWorks, Health Information Management Systems, CPSI, AdvancedMD, Inc. , Cerner Corporation (Oracle),GE Healthcare, Allscripts Healthcare LLC, McKesson Corporation, Epic Systems Corporation), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 4.2%, over the forecast period of 2022–2030.
The increased adoption of Electronic Health Records in the Healthcare IT industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Electronic Health Records also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Electronic Health Records in many sectors also boosts the market growth during the forecast period.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||39.5 Billion|
|By Type||Inpatient HER, Ambulatory EHR|
|By Product||On-premise Software, Cloud-based EHR Software|
|By Application||Clinical Application, Administrative Application, Reporting in Healthcare System, Healthcare Financing, Clinical Research Application|
|By End User||Hospital, Clinics, Specialty Centers|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||NextGen Healthcare, Inc., eClinicalWorks, Health Information Management Systems, CPSI, AdvancedMD, Inc. , Cerner Corporation (Oracle),GE Healthcare, Allscripts Healthcare LLC, McKesson Corporation, Epic Systems Corporation|
The COVID-19 pandemic has had a substantial negative influence on the Electronic Health Records market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
NextGen Healthcare, Inc., eClinicalWorks, Health Information Management Systems, CPSI, AdvancedMD, Inc. , Cerner Corporation (Oracle),GE Healthcare, Allscripts Healthcare LLC, McKesson Corporation, Epic Systems Corporation
Market Segment Analysis:
- Inpatient EHR
- Ambulatory EHR
- On-premise Software
- Cloud-based EHR Software
- Clinical Application
- Administrative Application
- Reporting in Healthcare System
- Healthcare Financing
- Clinical Research Application
By End User
- Specialty Centers
- Other End Users
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Electronic Health Records industries in the region.
Key Electronic Health Records Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Electronic Health Records Market segments.
– Largest Market Share Held by Industry to Industry for Electronic Health Records
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Electronic Health Records Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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