The “Electronic Health Records (EHM) Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Electronic Health Records (EHM) Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global electronic health records (EHR) market size was US$ 37.4 billion in 2021. The global electronic health records (EHR) market is forecast to reach the value of US$ 68.5 billion by 2030 by registering a compound annual growth rate (CAGR) of 6.9% during the forecast period from 2022-2030.
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In order to produce a holistic assessment of the market, a variety of factors is considered, including demographics, business cycles, and microeconomic factors specific to the market under study. Electronic Health Records (EHM) Market report 2021 also contains a comprehensive business analysis of the state of the business, which analyzes innovative ways for business growth and describes critical factors such as prime manufacturers, production value, key regions, and growth rate.
The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.
This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
Electronic healthcare records help healthcare bodies to collect the patient’s health records in a digital form and efficiently manage the data.
Factors Influencing
The increasing burden on healthcare bodies is forecast to fuel the growth of the global electronic health records (EHM) market.
The rising healthcare expenditure and government initiatives are forecast to create significant growth opportunities for the global electronic health records market.
The rising population is forecast to propel market growth. Moreover, the growth of the geriatric population and rising cases of chronic diseases would create favorable growth opportunities for the market players in the global electronic health records market.
The growing era of digitalization would benefit the global electronic health records (EHM) market in the coming years.
The benefits of electronic health records (EHM) over traditional methods are forecast to accelerate the market growth during the forecast period. Electronic health records are more beneficial than traditional methods of keeping records. It reduces the chances of damage. Moreover, electronic health records reduce human tasks and save time.
Geographic Analysis
North America holds the largest share in the global electronic health records (EHM) market, mainly due to the increasing demand for electronic health records. Moreover, growing government initiatives and healthcare expenditure would further contribute to the growth of the electronic health records (EHM) market in North America.
The global electronic health records (EHM) market is forecast to observe rapid growth in the Asia-Pacific region, mainly due to the growing demand for the value-based healthcare system. Moreover, the increasing geriatric population and rising prevalence of chronic diseases would offer ample growth opportunities to the market players. Apart from that, government initiatives to enhance healthcare infrastructure would drive the growth of the Asia-Pacific electronic health records (EHM) market.
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COVID-19 Impact Analysis
Electronic health record systems help track the bills and other documents of the patients. Healthcare bodies witnessed a sudden growth in the number of patients during the pandemic. To track the patient’s records, it was mandatory to adopt an efficient digitalized solution. Thus, the demand for electronic health record systems rapidly increased. Moreover, the risk factors associated with the COVID-19 infection mandated the use of the digitalized solution to keep the staff safe. As a result, various healthcare bodies adopted electronic health record systems to offer efficient services without the risk of virus spread. Thus, the global electronic health records market (EHM) grew significantly.
Competitors in the Market
McKesson Corporation
Cerner Corporation
Epic Systems Corporation
Next Gen Healthcare Information Systems LLC
General Electric Company
Greenway Health LLC
eClinical Works
Athena health Inc.
Allscripts Healthcare Solutions
Quality Systems Inc.
Medical Information Technology Inc.
Computer Programs & Systems Inc.
Other prominent players
Market Segmentation
Insight by Product
EHR Solutions
EHR Services
Insight by Mode of Delivery
Web-Based/Cloud-Based
Client-Server Based
Insight by End User
Hospital-Based EMR
Physician-Based EMR
By Application
Cardiology
Neurology
Radiology
Oncology
Other Applications
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By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
What is the key information extracted from the report?
Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects Market in various geographical regions.
The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter’s Five Force analysis.
The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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