Factors such as increasing zeal to adopt digital platforms for pandemic management and continued use of digital technologies in the healthcare field, the demand for integrated healthcare systems, big data, and AI are driving the growth of the market.
JERSEY CITY, N.J., July 15, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Electronic Health Record Market" By Product (Client-server-based & Web-based), By Type (Acute & Ambulatory), By End User (Hospitals & Ambulatory Care), and By Geography. According to Verified Market Research, the Global Electronic Health Record Market was valued at USD 25.99 Billion in 2020 and is projected to reach USD 33.69 Billion by 2028, growing at a CAGR of 3.30% from 2021 to 2028.
The market growth is related to the high level of acceptance of advanced technologies to meet the growing customer requirements. Speech recognition software with natural language processing improves how healthcare professionals interact with EHR and also enables greater patient engagement. The integration of Artificial Intelligence (AI) to predict EHR-based clinical outcomes has helped shape the patient experience through better care. In addition to these advances, supportive government initiatives and funding in this area increase the overall market growth. Increasing demand for centralization and streamlining of health administration also drive market growth as it results in improving the quality of care resulting in immense patient satisfaction.
As the healthcare industry transitions to digitization, electronic medical record (EMR) systems are becoming increasingly popular. Many government measures, such as encouraging physicians to use electronic health records and investing in training healthcare information technology professionals, are boosting the expansion of the EMR market. For instance, The Government of India aims to implement a uniform system for the maintenance of Electronic Medical Records / Electronic Health Records (EMR / EHR) by the country's hospitals and healthcare providers. An expert committee was formed to define EMR / EHR standards for national acceptance/implementation. Furthermore, factors such as the growing demand for integrated healthcare systems, big data trends in the healthcare industry, and technical improvements in the field of data storage are propelling the EMR market forward.
Key Developments inElectronic Health Record Market
In October 2020, Epic Systems launched 190 health systems Epic EHR, making the vendor's largest implementation in company history.
In October 2019, MEDITECH and Google cooperated to provide EHR data via the Google Cloud Platform. This aided in the secure delivery of patient data, increased scalability, and facilitated interoperability.
The major players in the market are Epic Systems Corp, Cerner Corp, GE Healthcare, Allscripts Healthcare, LLC, eClinicalWorks, McKesson Corp, Medical Information Technology, Inc, NextGen Healthcare, Inc, HMS.
Verified Market Research has segmented the Global Electronic Health Record Market On the basis of Product, Type, End-User, and Geography.
Electronic Health Record Market by Product
Electronic Health Record Market by Type
Electronic Health Record Market by End User
Electronic Health Record Market by Geography
Rest of Europe
Rest of Asia Pacific
Middle East & Africa
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