Global electronic health records market is expected to witness a massive growth in the forecast period. An electronic health record (EHR) or also titled as an electronic medical record (EMR), is the systematized collection of patients health information, which is electronically-stored in a digital format. These days, providers are using data from patient records to expand the quality upshots through their care management programs.
Keeping medical records has become very essential for the patient as well as for the doctors as they help in cases where the senior doctors or specialists are consulted. The market has been witnessing a rise in the geriatric population with an increase in chronic diseases, which needs electronic health record to keep a track on their personal health and take medications accordingly. Other factors such as developing of the healthcare sector and the continuous government support are accelerating the growth of the electronic health records market tremendously.
Along with this, in-expensive treatment and examination rates will help even the mediocre people to opt for these procedures, which will eventually surge the standard of the healthcare and medical facilities. Looking at this steady growth, the existing, as well as new investors, have started investing in the market’s R&D activities, which is appealing the manufacturers to bring in some additional intense innovations. These dynamics will help electronic health record market to foresee a rapid and massive growth during the forecast period.
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The market is segmented on the basis of product (cloud-based software, server-based/on-premise software, web based); by type (inpatient EHR, Ambulatory EHR); by application (clinical application, administrative application, reporting in healthcare system, healthcare financing, clinical research application); by end user (hospital, clinics, specialty centers, others) and by region (North America, Europe, Asia Pacific, LAMEA).
Among all the mentioned regions, Asia Pacific is growing steadily and hence, this region is projected to offer new opportunities to the key player in the forthcoming years. Asia Pacific has the highest population suffering from chronic diseases such as tuberculosis, diabetes and others due to which the demand for electronic health records has been increasing in this region. Apart from Asia Pacific’s growth, Europe is also likely to experience significant progress during the forecast period as the requirement for EHR solutions is surging due to the improvisation of healthcare infrastructure. In the near future, the electronic health record market will continue to come up with some extraordinary product innovations to attract new consumers and investors, for them to continue the domination.
Some of the prominent key players that are profiled in the electronic health records market report are Greenway Health, LLC, AdvancedMD, Inc., Allscripts Healthcare Solutions, Inc., Computer Programs and Systems, Inc., eClinicalWorks, Epic Systems Corporation, Cerner Corporation, General Electric Company, Quality Systems, Inc., and CureMD Corporation. All the leading companies are including mergers and acquisitions, partnerships and joint ventures to enhance the growth of the market efficiently.
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