A research study titled, “Electronic Health Records Market by Type, Installation, and End User - Global Industry Analysis and Forecast to
2025” published by Crystal Market Research, states that electronic health records market is projected to be around $33 billion by
2025.
The U.S. Centers for Medicare & Medicaid Services has
defined Electronic Health Record (EHR) as an electronic version of a patient’s
medical history. It is an electronic record of a patient’s health information
generated through one or more encounters in any care provider’s setting. These
records include information such as patient demographics, problems, progress
notes, vital signs, medications, past medical history, laboratory data,
immunizations and radiology reports. An EHR system streamlines and automates
clinician's workflow. The EHR system can also directly or indirectly support
care related activities through different interfaces including quality
management, evidence based decision support and outcome reporting. EHRs assist
healthcare providers in providing better care and taking better informed
decisions. One of the key features of EHR is that the health related
information can be managed in a digital format and can be shared with other
healthcare providers across multiple healthcare organizations such as
laboratories, medical imaging facilities, pharmacies, and emergency healthcare
facilities. The key benefits of EHR systems are improved patient care,
increased patient participation, enhanced care coordination, improved
diagnostic and patient outcomes, and increased practice efficiency. According
to a survey conducted by the U.S. Department of Health and Human Services, in
2014, 79% healthcare providers reported increase in practice efficiency by
using an EHR system whereas 70% healthcare providers reported improvement in
data confidentiality. Providers can have quick access to patients’ records from
remote locations which can save valuable time while dealing with emergency
cases.
The key driving factors for the EHRs market are
technological advancements in healthcare IT, rising need to streamline
different healthcare systems, and favorable government initiatives for adoption
and implementation of EHR systems. With EHRs, healthcare providers can give
their patients complete and accurate information regarding their medical
evaluations. They can manage and schedule patient appointments electronically
and exchange e-mails with their patients. Moreover, quick communication between
providers and patients can aid in early identification of symptoms. However,
the possible data privacy and security issues associated with EHR systems can
hamper the market growth.
Major Market Players
- Cerner
Corporation
- McKesson
Corporation
- Allscripts
Healthcare Solutions
- ,
Epic Systems Corporation
- eClinicalWorks
- LLC,
athenahealth, Inc.
- General
Electric Company
- NextGen
Healthcare Information Systems
- LLC
(a part of Quality Systems, Inc.)
- Merge
Healthcare Incorporated (an IBM company)
- Greenway
Health
- LLC
and CompuGroup Medical
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End User Outlook and Trend Analysis
Hospitals segment held a major share of the
EHR market in 2016 due to the large scale adoption of EHR systems in order to
efficiently manage the vast amount of health related information, especially in
in-patient departments. As EHR systems prove to be effective in streamlining
workflow in these institutions, delivery of improved quality of healthcare to
the patients can be ensured using EHR systems. Ambulatory care settings segment
is expected to witness the fastest growth during the forecast period as these
systems assist effectively in maintaining information related to reimbursements
for patients in outpatient departments.
Electronic Health Records Market Segmentation:
By Type
- Acute
EHR
- Ambulatory
EHR
- Post-acute
EHR
By Installation:
- Client
Server-based HER
- Web-based
HER
By End User:
- Hospitals
- Ambulatory
Care Settings
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TABLE OF CONTENTS
- Introduction
1.1. Report Description
1.2. Research Methodology
- Executive
Summary
2.1. Key Highlights
- Market
Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Share Analysis
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. Increasing Healthcare IT
Expenditure
3.3.1.2. Favorable Government Initiatives
for Adoption and Implementations of EHR Systems
3.3.1.3. Rapid Advancements in
Information Technology
3.3.2. Restraints
3.3.2.1. Concerns Related to Data
Security and Privacy
3.3.3. Opportunities
3.3.3.1. Technological Advancements
3.3.3.2. Growing Emphasis on Healthcare
Sector in Emerging Markets
Inquiry
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About Crystal Market Research
Crystal
Market Research is a U.S. based market research and business intelligence
company. Crystal offers one stop solution for market research, business
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decisions. It provides both syndicated as well as customized research studies
for its customers spread across the globe. The company offers market
intelligence reports across a broad range of industries including healthcare,
chemicals & materials, technology, automotive, and energy.
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