Electronic Health Records (EHR) Market is Expected to Boom Worldwide By 2025

Posted by aartimurkute on October 6th, 2021

The total volume of sales within the electronic health records (EHR) market is slated to increase in the years to follow. The massive investments made by governments and state bodies towards streamlining and managing the activities of the healthcare industry has driven market demand. Electronic health records market are expected to form the backbone of healthcare treatments in the forecast period between 2021 and 2025. This owes to the proclivity shown by healthcare professionals (HCPs) towards studying patient data and medical histories before prescribing a line of treatment.

The recent outbreak of the novel coronavirus served as a predicament for healthcare systems across the globe. As healthcare systems of major countries collapsed, global and regional leaders were compelled to rethink the existing healthcare setup across the world. This also resulted in deliberations to induct, develop, and improve electronic health record systems across major countries.

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Advancements in ICT to Drive Sales across the Global EHR Market

The domain of information and communication technology (ICT) has undergone rapid advancements that have come to the aid of the healthcare industry. Use of picture archiving and communication system, e-prescriptions, and virtual visits has increased by a quantum volume in recent times. This has directly contributed towards easing storage and maintenance of electronic health records across the world. Furthermore, several platforms and systems for storing medical information have emerged in recent years. Electronic Health Records (EHR) are also referred to as Electronic Medical Records (EMR) in several parts of the world. Medical professionals across the world concur with the effectiveness EHR in improving patient outcomes, care delivery, and profitability.

Europe to Emerge as a Leader in Maintaining Electronic Health Records (EHR)

The national healthcare authority of a country of region plays a central role in facilitating development of improved health records. Therefore, the proactive and responsive line of action followed by the National Health Service (NHS) in the UK has helped the region in developing a standard system for maintain health records. Post 2016, patients in the UK are obliged to access their detailed medical records including information related to diagnoses, immunization, and test results. France is also running a robust program for management and maintenance of electronic health records. The system covered records of over 18,50,000 patients at the end of 2018. Germany, on the other hand, has been using electronic medical chip cards that encode general information about the patient. These initiatives are expected to translate into paced growth of the electronic health records market in Europe.

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Some of the leading players operating in the global electronic health records market are Cerner Corporation, MEDITECH, Epic Systems Corporation, General Electric Company, NextGen Healthcare Information Systems, LLC, Greenway Health, Athenahealth, Inc., eClinicalWorks, Allscripts Healthcare Solutions, Inc, Medical Information Technology, Inc., and Quality Systems, Inc.

As models for care delivery undergo rapid disruptions, the aforementioned entities have a large playfield of lucrative opportunities at their disposal. Meditech and Epic have been at the forefront of technological advancements as electronic health records find their way across countries in Asia Pacific and the Middle East and Africa.