Electronic Health Record (EHR) Systems Market Outlook and Future Predictions

Posted by Rajkumar on April 17th, 2019

The systems that are used to maintain digital health record of the patient are called electronic health record (EHR) systems. This systems supports the systematic storage of information such as health progress notes, diagnoses, vital signs, medications, allergies, lab data and past medical history. The electronic storage of the system helps the ecofriendly storage of the information with minimum risk of losing it along with less manual work and other facilities such as easy access to the required information.

 

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The EHR systems helps to access and track health records conveniently and also allows for easy sharing of patient information with other healthcare professionals, in order to take clinical decisions during the treatment. Furthermore, the system also helps to get connect with different locations and healthcare departments to collect patient data; for instance, from clinical laboratory, other hospitals, in schools for maintaining student’s health record, different companies that keeps the health record of their employees, pharmacies, and emergency facilities. For effective use and to avoid reimbursement loss from any treatment some EHR system providers follow some methods to guide the patient and clinician during the course of treatment.

 

Technological advancements, highly beneficial applications and raised demand of EHR systems lead the growth for Electronic health record (EHR) systems market towards positive direction in the near future

 

The continuous improvements in healthcare sector and supportive government initiatives create a highly conducive environment for growth of the global electronic health record (EHR) systems market. For instance, the American Recovery and Reinvestment Act of 2009 authorizes the Centers for Medicare & Medicaid Services (CMS) to provide incentive payments to eligible professionals (EPs) and hospitals who adopt, implement, upgrade, or demonstrate meaningful use of certified electronic health record (EHR) technology. The top contributor region in this market is North America, followed by Europe, as this regions has high adoption rate and developed healthcare network and facilities. The increasing development and digitalization in emerging economies are expected to show the high growth rate in electronic health record (EHR) systems industry in the near future.

 

Competitive Landscape

 

Some of the major players in the electronic health record (EHR) systems market are Cerner Corporation, athenahealth, Inc, Meditech, Allscripts, Epic Systems Corporation, Quality Systems Inc, McKesson Corporation and GE Healthcare. Other emerging players in this market are Healthcare Management Systems, eClinicalWorks, Healthland and CureMD Research & Development. Also, the earliest acquisition in this market is Cerner Corporation acquired Siemens Health Services in February 2015. This acquisition will drive the innovation and development in healthcare IT segment.

 

Electronic health record (EHR) systems market taxonomy:

 

Global Market by Product Type

 

  • Client Server-based EHR Systems

  • Web/Cloud-based EHR Systems

 

Global Market by End User

 

  • Hospitals

  • Ambulatory Care Centers

 

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Rajkumar

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Rajkumar
Joined: February 13th, 2019
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