The report Global Electronic Health Records Market (EHR) (Product (Client Server-based HER, and Web-based HER.)- End-user (Hospitals, and Ambulatory Care)-Type (Acute HER, Ambulatory HER, and Post-Acute HER)- by Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America is expected to reach US$ 38.02 Bn by 2026, at a CAGR of 7.05% during a forecast period.
The factors driving the Electronic Health Records Market (EHR) growth are increasing need for advanced healthcare information system, growing investments by healthcare IT players, rising demand for better healthcare facilities, and increasing government initiatives, increased use of cloud based EHR software, rapid surge in aging population, and subsequent rise in the number of chronic diseases drive the electronic health records market growth.
However, the market growth is limited by high cost of EHR and rise in concerns regarding the patient data safety & security due to increase in cyber-crime.
Opportunities for market growth is huge market potential in the developing regions during the forecast period.
Increasing Awareness Regarding Benefits Electronic Health Records System to Drive Market.
The increasing number of benefits with electronic health records system and the rising monetary incentives are some of the key factors that are anticipated to encourage the growth of the global electronic health records market throughout the forecast period. The development of the healthcare sector and the maintenance of the medical history of patient data, expanded patient support, and the enhanced effectiveness of healthcare providers are some of the other key factors that are predicted to generate promising growth opportunities in the market throughout the forecast period.
Asia Pacific and Europe to Observer High Growth in Coming Years.
The global market for electronic health records has been classified on the basis of geography into the Middle East and Africa, North America, Latin America, Asia Pacific, and Europe. Among these, Asia Pacific and Europe are projected to witness high growth throughout the forecast period. The high growth of these two regions can be attributed to the rise in the elderly population and the potential rise in the pressure of restriction on the healthcare expenses. Furthermore, the rapid growth of the healthcare sector is another key factor to enhance the market growth in the near future.
Some of the key players in the electronic health record industry are General Electric Company, McKesson Corporation, Allscripts Healthcare Solutions Inc., athenahealth Inc., Epic Systems Corporation, Computer Programs & Systems Inc., Medical Information Technology Inc.,Quality Systems Inc., AdvancedMD, Inc., Cerner Corporation, CureMD Corporation, eClinicalWorks, Epic Systems Corporation, General Electric Company, Greenway Health, LLC.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Electronic Health Records Market (EHR). Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Electronic Health Records Market (EHR). The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Electronic Health Records Market (EHR) positioning of competitors.
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