Electronic Health Records (EHR) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2023

“Global Electronic Health Records (EHR) Market”
Wise Guy Reports Published “Global Electronic Health Records (EHR) Market” Research Report Which Provides Industry Share, Key Players, Market Segments and Revenue.

Global Electronic Health Records (EHR) Industry

Market Overview

An electronic health record, commonly denoted as EHR, is a digital version of a patient’s manually documented reports. Electronic health records (EHR) are real-time, patient-centered records that can be easily and securely accessed by the healthcare professionals and other authorized staff. Electronic health records include the patient’s medical history, diagnoses, medication reports, treatment plans, immunization dates, pre-mentioned allergies and deficiencies, radiology images, and laboratory and diagnosis outcomes. The electronic health records (EHR) systems can help in streamlining and automating the workflow at healthcare centres. Electronic health records, developed and managed by authorized providers, are capable of being shared with other healthcare providers, across more than one health care centre.

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Electronic health records (EHR) enables the seamless flow of patient-related information within a digital healthcare infrastructure. The surging demand for streamlining data flow and the ongoing technological advancements in the field of healthcare information technology (IT) sector is expected to support the electronic health records (EHR) market growth. Furthermore, rising government initiatives, promoting the use of EHR are likely to strengthen the demand for advanced electronic healthcare record systems. EHRs offer a broad range of benefits to the patients and healthcare providers, ultimately improving the business and system productivity and enhancing patient satisfaction. A large number of healthcare professionals have started adopting technologically advanced electronic health records (EHR) & data management data, in order to save resources and time.

Rising adoption of modern software solutions, such as data mining tools, clinical decision support systems, and clinical trial management systems are further anticipated to stimulate the demand for electronic health records. The rising requirement of remote monitoring of aged patients has generated the demand for improved healthcare facilities. Moreover, the adoption of advanced healthcare software is expected to drive the demand for electronic health records (EHR) systems. EHR systems offer numerous valuable benefits, such as improved patient care, increased patient participation, enhanced care coordination, improved diagnosis, and increased efficiency in medical practices. The factors like data security concerns, higher implementation cost, and complex technological guidelines and maintenance procedures are expected to impede the electronic health records (EHR) market growth.

Industry News

AdvancedMD electronic health records (EHR) software, designed and developed by AdvancedMD IT organization, is an integrated medical software solution for independent medical practices, is highly popular among the leading healthcare centres. The software offers several valuable services, such as electronic health records, practice management, patient engagement, telemedicine, reputation management, rooming, financial data analytics and business intelligence. This solution is considered best to streamline and automate the healthcare centre workflow. AdvancedMD EHR enhances the patient experience while capturing the client’s feedback in real-time.

Market Segmentation

As per market research, the electronic health records (EHR) market can be analyzed on the basis of the following factors-

Based on the installation type, EHR systems can be classified into-

  • Web-based 
  • Client-based

Major healthcare verticals, including hospitals, physician offices, ambulatory services, and laboratory and diagnosis centres have adopted EHR systems, in order to enhance their operational efficiency and improve patient care. Electronic health records (EHR) can be effectively implemented by small, medium, and large-sized medical centres.

Deployment based classification-

  • On-premise EHR
  • Cloud-based EHR

Most vendors have started offering on-demand cloud-based electronic health records (EHR) solutions that are cost-effective and can be customized as per the client’s requirements. Factors, such as reduced installation and maintenance cost, increased efficiency, and availability of customized services are expected to increase the demand for cloud-based EHR systems.

Regional Analysis

North America, Europe, and the Asia Pacific are the major regions driving the EHR market. North America region is considered as the largest market for electronic health records (EHR). The majority of healthcare professionals in North America have successfully implemented electronic health record systems for their patients, enabling them to schedule appointments with doctors and get online consultation and prescriptions. Developing countries, such as India, China, Brazil, Mexico, and South Africa, that are encountering remarkable growth in their economy, have a great potential to drive the EHR market. Favourable government initiatives and regulations are expected to motivate healthcare professionals to adopt technically advanced EHR systems. European EHR market is foreseen to register a lucrative growth in the near future. 

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