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Electronic Health Records Systems Market

P&S Market Research-Electronic Medical Records Market report

Global Electronic Health Records (EHR) Systems Market Size, Share, Development, Growth and Demand Forecast to 2020

Published: August 2015
Report Code: LS10256
Available Format: pdf
Pages: 108
Category : Healthcare IT

The global electronic health records (EHR) systems market was worth $20,961.2 million in 2014, and it is expected to grow at a CAGR of 6.2% during 2015-2020. Among the end users, the hospital EHR systems accounted for the major share in global EHR systems market in 2014, whereas, ambulatory EHR system is expected to grow at the faster rate during the forecast period. The EHR systems market is experiencing significant growth due to several favourable macro-economic factors, such as people’s growing fascination towards new healthcare technologies and increasing disposable incomes. Increasing geriatric population and increasing prevalence of chronic diseases require better healthcare facilities, in order to provide efficient healthcare services; this in turn increases the usage of EHR systems.

 

Various healthcare reforms have been passed worldwide to reduce the cost and improve the quality of healthcare services. Governments of various countries are taking initiatives to encourage the use of EHR systems, as these systems help to reduce healthcare costs and maintain quality of healthcare services. EHR systems market in developing economies, such as Asia-Pacific, Africa, and Latin America, have been growing at a significant pace due to rising awareness for EHRs among population, and rising adoption rate for EHRs.

Web based/cloud based server EHR system is a software-based delivery model, which offers patient health records data management, and involves clusters of servers providing access to software and healthcare data from any online computer at any time. The web based/cloud-based server EHR systems market is expected to grow at faster rate during the forecast period. Increasing demand for powerful IT systems in diagnostic and medical laboratories is expected to provide significant opportunities for the growth of global EHR systems market.

The need for better healthcare facilities through improved and effective quality of treatments is driving the demand for integrated healthcare systems. The increasing investments from healthcare IT players are also escalating the demand of EHR systems globally. In addition, number of hospitals is also increasing worldwide, which would require electronic health records systems for cost-effective and efficient healthcare services.

The restraints associated with EHR systems market include high maintenance and service expenses for EHR systems. Purchase, installation and maintenance of information systems, which help in producing EHRs, are expensive processes; and require timely service. This elevates the cost of healthcare services provided. In addition, lack of skilled professionals for efficient handling of the EHR systems and lack of privacy and security are also restraining the growth of the market.

The key companies operating in the global electronic health records (EHR) systems market include eClinicalWorks, McKesson Corporation, Cerner Corporation, Allscripts, GE Healthcare, athenahealth Inc, Epic Systems Corporation, MEDITECH, Quality Systems Inc. and Healthland.

 

Report Coverage

  • Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
  • Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
  • Uncovers potential demands in the market
  • Porter analysis identifies competitive forces within the market
  • Provides information on the historical and current market size and the future potential of the market
  • Provides sizes of key regional markets using yardsticks of processes, segments, products, end user and technology, etc (as applicable)
  • Highlights the competitive scenario of the market, major competitors, market share, benchmarking, investments and merger acquisitions
  • Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market.

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