Overview
For the efficient capturing and sharing of patient data, the healthcare practitioners demand an electronic health record (EHR) for the storage of data in an organized format. The structured data aid health care practitioners in the convenient transfer and retrieval of patient information. The centers for medicare & Medicaid services and office of the national coordinator for the health information technology (ONC) have inveterate the standard and criteria for the structured data for the promotion of interoperability programs in healthcare. The requirement for the electronic health records in growing on account on the increase in the usage of healthcare information technology, the high adoption rate of HER, the augment in the number of chronic syndromes, and the government initiatives to encourage the usage of healthcare it. Not only has this, the augment in healthcare expenditure and the introduction of the artificial intelligence in the healthcare industry influence the market growth. The Australian government has taken the initiative to encourage the healthcare it in Australia through a lifetime policy PCEHR (Personally Controlled Electronic Health Record) for each of its citizens.
Market Analysis
According to the report analysis, ‘Electronic Health Record Market: Current Analysis and Forecast (2021-2027)’ states that Ge Healthcare, Allscripts Healthcare Solutions, Cerner Corporation, Advanced Data Systems Corporation, Athenahealth, Inc., Advanced Md, Eclinicalworks, Epic Systems Corporation, Mckesson Corporation, And Cpsi are the key corporates which recently functioning in the electronic health record market more significantly for leading the highest market growth and registering the great value of market share around the globe during the near years while increasing the applications and benefits of such, spreading the awareness connected to the features and benefits of such, employing the young and active personnel, decreasing the associated prices of such, delivering the better consumer satisfaction, analysing the strategies and policies of government as well as similar entities, implementing the policies of enlargement and profit making, establishing the several research and development programs, and improving the qualitative and quantitative measures of such.
Market Segmentation
Based on products, the market sectored into web-based and on premise-based. The web-based sector controls the greatest share during the recent years due to the high acceptance of the web-based EHRS along the healthcare providers and physicians. In addition, it can be established without the requirement for in-house servers. For instance, the simple practice is a cloud-based mental health solution that supports healthcare practitioners to maintain the client relationships through planning, payment processing, and documentation. The major applications in the simple practice comprise claims management, compliance tracking, initial assessment, appointment reminder and the self-service portal. However, on-premises based HER is predicted to show effective growth throughout the review duration due to the prevention of the data theft. Also, it delivers a safer choice for the consumers as it tenders to in-house data storage.
Based on the end-users, the market categorized into hospitals, ambulator care, pharmacies and several others. The hospital sub-sector is projected to register the market in the review duration due to the augment in the implementation of HER in hospitals for the maintenance of great clinical data. In addition, the price of installation of EHRS is less in hospitals in comparison to the ambulatory care centers, which also drive the market growth. Therefore, in the near years, it is predicted that the market of electronic health record will increase around the globe more effectively over the near years.
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Global Electronic Health Record Market
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