The electronic health record is used to provide clinical information such as health information and data, outcome management, order entry and support, and decision making.
PORTLAND, OREGON, USA, Sept. 15, 2022 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled “Electronic Health Records Market by Product, Type, Application and End User: Analysis of Global Opportunities and Industry Forecast, 2021-2030”, Global Electronic Health Records Market Size was valued at USD 30,550.3 Million in 2020 and is projected to reach USD 63,848.6 Million by 2030, registering a CAGR of 7.7% from 2021 to 2030.
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The electronic health record is used to provide clinical information such as health information and data, outcome management, order entry and assistance, and decision support. The primary purpose of the electronic health record (EHR) in the healthcare system is to manage the information needed by healthcare personnel to perform their jobs effectively and efficiently. Electronic health records are used to store and maintain important data from clinical patient information, administrative data management, analysis of patient reports, and clinical studies. Additionally, EHR software is used for medical billing procedures.
Drivers, constraints and opportunities –
Advancements in software technology in the healthcare industry and introduction of artificial intelligence (AI) in EHR software development are driving the growth of the global electronic health records market. However, the high cost of EHR services and concerns over personal data and patient safety are restraining the market growth. On the contrary, increasing R&D activities in cloud storage technology and increasing number of EHR service providers are creating new opportunities in the coming years.
Covid-19 scenario –
During the Covid-19 pandemic, hospitalizations of patients suffering from Covid-19 infection increased significantly. This has led to an increased demand for EHRs for efficient patient and data management. EHR software and systems have played a crucial role in managing and recording patient data.
Cyber threats to EHR systems have increased dramatically during the pandemic as usage has increased. These threats have become more sophisticated and complex than before.
Major Market Players –
Allscripts Healthcare Solutions Inc.
Computer programs and systems inc.
Epic Systems Corporation
General electricity company
Greenway Health, LLC
♦ 𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭/purchase-4enqui2.com
The COVID-19 outbreak is expected to have a positive impact on the growth of the electronic health records market. Most hospitals are closed due to COVID-19 and ongoing shutdowns. The COVID-19 virus has a severe and life-threatening impact on critically ill patients. However, EHRs are used for data storage and management for COVID-19 vaccination, which is helping the market growth.
Based on application, the EHR market is categorized into clinical application, administrative application, reporting in healthcare system, healthcare financing, and clinical research demand. The clinical applications segment dominated the market in 2020 and this trend is expected to continue during the forecast period, owing to the increase in the geriatric population, the increase in the number of clinical trials and the advancement of research and development activities in the health sectors. .
By end user, the EHR market is segmented into hospitals, clinics, specialty centers and others. The hospital segment dominated the market in 2020 and this trend is expected to continue during the forecast period due to the increase in the number of hospitals, the development of healthcare infrastructure and the initiatives taken by the government of various regions to develop advanced software in hospitals.
Regionally, North America accounted for the majority of the global EHR market share in 2020 and is expected to remain dominant during the forecast period owing to the presence of established healthcare infrastructure and a key provider of EHR services. Asia-Pacific is expected to experience profitable growth, driven by demand for state-of-the-art healthcare facilities and rising healthcare costs for patients.
Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
Pawan Kumar, CEO of Allied Market Research, leads the organization in delivering high quality data and insights. We are in professional corporate relations with vario research data tables and confirm the utmost accuracy in our market forecasts. Each of our companies and this helps us to extract market data which helps us to generate accurate data presented in the reports that we publish are extracted through primary interviews with senior officials of the main companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.
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