Electronic Health Record Market to Reach US$38.29 Billion by 2025: Government Sanctions and Incentives Encourage Players

Thursday, June 8, 2017 Drug News
Email Print This Page Comment bookmark
Font : A-A+

ALBANY, New York, June 8, 2017 /PRNewswire/ --

The global market for electronic health record (EHR) features a largely

fragmented vendor  landscape, with the presence of a large number of small and large players and the top five companies cumulatively accounting for a nearly 44% of the overall  market in 2016. Leading vendors in the global EHR market are adopting inorganic
growth strategies such as mergers and acquisitions to expand their reach across high-growth potential regional markets, consolidate consumer base, and strengthen their market presence.

Quality Systems, Inc. acquired HealthFusion, a developer of cloud-based EHRs for physician practices, towards the end of 2015. The acquisition is anticipated to enhance the market share of Quality Systems' in SaaS-based healthcare products in ambulatory market segment. In addition, this acquisition will add over 3,000 physician practices, ambulatory centers and medical billing services who employ HealthFusion's EHR to Quality Systems' client base.

According to Transparency Market Research, the global EHR market was valued at US$23.22 bn in 2016 and is expected to exhibit a CAGR of 5.7% from 2017 to 2025, to reach an estimated value of US$38.29 bn by 2025.

Browse Market Research Report @ http://www.transparencymarketresearch.com/electronic-health-records-market.html

Hospitals to Remain Leading Users of Electronic Health Records 

In the end user segment, hospitals are among the most prominent buyers as 65% of the hospitals across the globe have installed some form of EHR in 2015 compared to 54% in 2014. The segment is expected to remain the top end-use sector of the global EHR market over the forecast period, exhibiting a promising 5.1% CAGR over the report's forecast period.

Geographically, North America, which is the cumulative market for the U.S. and Canada, accounted for a massive 46.2% of the global market in 2016, primarily due to favorable government policies such as pay for value and rapid inclination towards installation of EHR platforms across care providers segment.  Europe and Asia Pacific are also among the leading contributors of revenue to the global market and are expected to remain high-growth regions over the forecast period as well. The Asia Pacific market, especially, is expected to offer the most promising opportunities for growth in the EHR market with a thriving and rapidly digitizing healthcare industry in emerging economies such as India and China.

Fill the form for an exclusive sample of this report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4153

Vast Benefits of EHR Systems and Government Backing to Encourage Increased Adoption Globally 

Significant advantages associated with EHR systems and financial incentives by government of various countries are among the major factors driving the growth of EHR market worldwide. Benefits of EHR systems include up-to-date patient information, reduced healthcare cost in the long-term scenario, quick access to patient-related data, reduced medical errors, increased patient participation and improved efficiency of healthcare providers. These advantages encourage healthcare providers to equip themselves with technically advanced EHR systems, and thereby drive the market growth.

During the forecast period from 2017 to 2025, financial incentives by governments in developed countries will also emerge as a key driving force for the global EHR market. Factors such as rapid technological advancement with data access through smartphones, need for improved efficiency and quality of service delivery to sustain in the intensively competitive healthcare industry, and increasing disposable income are also expected to fuel the growth of the market.

This review of the global EHR market is based on a recent market research report published by Transparency Market Research, titled "Electronic Health Records Market (Installation Type - Web-based, Client Server-based, and Software as Services; End Users - Hospitals, Physicians Office, Ambulatory Surgery Centers) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025."

Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/electronic-health-records-market.htm

For the study, the market has been segmented as follows:

Global Electronic Health Records Market, by Installation 

  • Web Based
  • Client Server Based
  • Software as Services

Global Electronic Health Records Market, by End User 

  • Hospital
  • Physician Office
  • Ambulatory surgery centers
  • Others

Global Electronic Health Records Market, by Geography 

  • North America
  • United States
  • Canada
  • Europe
  • United Kingdom
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • India
  • China
  • Australia
  • Malaysia
  • Japan
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
  • Rest of the World
  • Israel
  • Russia
  • South Africa
  • Saudi Arabia
  • Rest of the World

Browse Related Research Report: 

Healthcare Information Systems Market (Application - Hospital Information Systems (Electronic Health Record, Electronic Medical Record, Real-time Healthcare, Patient Engagement Solutions, and Population Health Management), Pharmacy Information Systems (Prescription Management, Automated Dispensing Systems, and Inventory Management), Laboratory Information Systems, Medical Imaging Information System (Radiology Information Systems, Monitoring Analysis Software, and Picture Archiving and Communication Systems), and Revenue Cycle Management; Deployment - Web-based, On Premise, and Cloud-based; Component - Software, Hardware, and Services; End User - Hospitals, Diagnostics Centre, and Academic and Research Institution) - Global & North America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

http://www.transparencymarketresearch.com/healthcare-information-system.html

Healthcare API Market (Services - Electronic Health Record Access, Appointments, Remote Patient Monitoring, Payment, Medical Device (Wearable); Deployment Model - On-premise, Cloud-based; End-Users - Healthcare Payers, Healthcare Providers, Patients, Vendors) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

http://www.transparencymarketresearch.com/healthcare-api-market.html

Smart Healthcare Products Market (By Product Type - Smart Syringes, Smart Pills, Smart RFID Cabinets and Electronic Health Record; By Application - Health Data Storage and Exchange, Monitoring and Treatment, and Inventory Management - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

http://www.transparencymarketresearch.com/smart-healthcare-products-market.html

About Us: 

Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact Us: Transparency Market Research 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: [email protected]

Website: http://www.transparencymarketresearch.com

Blog: http://www.tmrblog.com/

SOURCE Transparency Market Research



Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store