Electronic Health Record Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

Title:
Electronic Health Record Market Global Trends, Market Share, Industry Size,
Growth, Opportunities, and Market Forecast 2019 to 2026
Digitization in the healthcare sector has facilitated the rapid adoption of the
electronic health record. According to comprehensive research conducted by
research experts at FutureWise Market Research, the global electronic health record
market is anticipated to register at a whopping CAGR of 38.21% during the forecast
period of 2019-2026. The streamlined patient data management workflow with
electronic health record (EHR) is to stir up the global electronic health record market
value over US$ 111 billion by 2026 end.
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Factors Influencing Positive Growth of the EHR Market Include:
• Ongoing modernization efforts in the defence medical services by utilising EHR
implementations
• Increasing investments in the integrated healthcare system to fulfil the need for
flexible, safe and reliable patient care
• Prevalence of high-end technologies like Bigdata, blockchain and so on
• Highly competitive market with established and new entrants striving to
surmount healthcare service standards using high-tech solutions
• Government initiatives to encourage adoption of technology for better
healthcare amongst the general public
Data Security Remains a Major Challenge to the Global Electronic Health Record
Market
With the use of open and shared databases, the security concerns over patient
identity theft, risk of unintentionally breaching privacy protection laws and lack of
secured data recovery practices will pose a challenge to the EHR market growth
during the forecast period. Besides, other impeders responsible for restricted growth
of the market can be attributed to:
• Interoperability issues faced by health care systems
• Scarcity of technically skilled healthcare professionals
• High investment cost for EHR setup
• A constant need for high funding to facilitate innovative research experiments
Global Electronic Health Record Market, by Deployment Type
• On-Premise
• Cloud-Based
Cloud-based segment estimated to grow at sturdy CAGR in the near future
Cloud-based implementations can enable significant saving as the resources can be
accessed simultaneously by a wider user base. Also, the speed and flexibility offered
remain unmatched when it comes to retrieving and analysing vast patient medical
records. Hence cloud-based segment is forecasted to grow at robust CAGR during
2019-2026. Currently, the on-premise segment is predominant amongst end-users to
facilitate training and familiarization benefits.
Global Electronic Health Record Market, by End-User
• Hospitals
• Clinics
• Others
Global Electronic Health Record Market, by Region
• North America
• Latin America
• Europe
• Asia Pacific
• Rest of the World
North America dominates the overall global electronic health record market due to
the high adoption of modern technologies and availability of investments in the
healthcare innovation. Europe ranks second in terms of market share due to the
rising awareness of benefits pertaining to EHR usage and government funding. The
emerging economies in APAC are soon adopting the EHR systems due to a rise in per
capita income, an increase in technology providers and high-speed internet facilities.
APAC is estimated to grow at a lucrative CAGR during upcoming years.
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Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
FutureWise Key Takeaways
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global electronic health record
market on the basis of deployment type, end-users, and region
• To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America,
Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Inquire further details about this report at: [email protected]
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their industry – a position secured for far more than the near future.
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Digitization in the healthcare sector has facilitated the rapid adoption of the electronic health record. According to comprehensive research conducted by research experts at FutureWise Market Research, the global electronic health record market is anticipated to register at a whopping CAGR of 38.21% during the forecast period of 2019-2026.