According to the latest report published by Variant Market Research, the global electronic health records market size is projected to reach $40 Billion by 2024 from $23.5 Billion in 2016. In this report, electronic health records market forecast says that the global market is growing at 6.9% CAGR from 2017 to 2025.
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Rising need to maximize patient’s security to drive the global market
The global electronic health records market trend includes rising need to maximize patient’s security, government & insurance companies inspiring the adoption of EHR, requirement for digitalization & centralization in healthcare sector, and mounting adoption of big data. Though, high initial cost may hinder the electronic health records market growth. Moreover, growing public as well as private investments, and market expansion would provide an opportunity for players of electronic health record market industry.
Market Segmentations
The global electronic health records market is classified into delivery mode, end user, and geography. Delivery mode segment includes client server based, & web based/ cloud based server. Further, the market is classified on basis of end user into hospital, & ambulatory. North America (U.S., Mexico, and Canada), Europe (France, Germany, UK, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.
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Web based/cloud based server, by delivery mode dominated the global market in 2017
Web based/cloud based server held for the highest market share in 2017, and expected to continue its dominance over the forecast period, 2017– 2025. It can be installed short of in-house installation of complex hardware infrastructure, which is expected to boost the growth of this segment.
Hospital, by end user dominated the global market in 2017
Hospital held for the highest market share in 2017, and expected to continue its dominance over the forecast period, 2017– 2025. The high adoption rate of electronic health record systems among hospitals is the driving factor for the growth of segment.
Asia-Pacific is estimated to witness fastest CAGR from 2017 to 2025
Asia-Pacific is predicted to grow at a fastest CAGR of over the forecast period 2017 to 2025. The growth is attributed to high acceptance of advanced electronic health record technology, improving healthcare infrastructure, & governments initiatives to boost adoption of HER in the region (including Hong Kong, among others).
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Competitive Landscape
Key players are offering innovative products and services to increase their electronic health records market share. Major players of the market are Athenahealth, Inc., GE Healthcare, Epic Systems Corporation, Allscripts Healthcare Solutions, Inc., NextGen Healthcare, Cerner Corporation, AdvancedMD, Inc., Greenway Health, LLC, McKesson Corporation, and Medical Information Technology, Inc., among others.
About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients’ objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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