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Electronic health records market increased CAGR of 5.53% by 2020 according to new research report

Electronic health records market increased CAGR of 5.53% by 2020 according to new research report

The analysts forecast global electronic health records market to grow at a CAGR of 5.53% during the period 2016-2020. EHR adoption is picking up among clinics and hospitals as it is user-friendly and easy to manage.

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About Electronic Health Records Market:

EHR or EMR solutions are IT solutions used to store demographic and medication-related information of people visiting hospitals for diagnosis. With the increase in the user base of personal health information devices, we expect a high demand for applications involving monitoring of health conditions without visiting hospitals.

Physicians now use EHR systems to access digital patient records.

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EHR stores patient health-related data such as past medications, radiology reports, and progress reports. These data are collected from different departments of hospitals such as laboratories and pharmacy and can be accessed from anywhere.

It helps automate and streamline a healthcare service provider's workflow.

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The availability of cloud-based solutions facilitates the use of the latest information technologies in these systems. The increase in the use of health and fitness applications in mobile devices creates a high demand for mobile health solutions, enabling healthcare providers to improve their productivity and reduce costs of their IT infrastructure.

In addition, an increase in the advanced patient care system and third-platform technologies will likely boost the market growth.

This report covers the present scenario and the growth prospects of the global electronic health records market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from from EHR vendors.

The global EHR market can be broadly classified into two categories based on the technology deployment model of EHR solutions and geographic concentration of vendors.

The market is divided into the following segments based on geography are APAC, EMEA, America.

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The report, Global Electronic Health Records Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market.

Key vendors

Allscripts Healthcare Solutions

Cerner

CPSI

Epic Systems

McKesson

Other prominent vendors

Advanced MD

CSC

CureMD

Dell

GE Healthcare

Greenway Health

MEDITECH

NextGen Healthcare

Practice Fusion

Siemens Medical Solutions

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Market driver

Shift from ICD-9 to ICD-10.

Market challenge

High cost of EHR solutions.

Market trend

Increased adoption of predictive analytics.

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

 

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