Electronic Health Records Market Is Projected To Witness Growth Based On Rising Demand For Patient Access To Medical Information Till 2022:Grand View Research,inc.

Global electronics health records (EHR) market size was estimated USD 19.96 billion in 2014 and the market is expected to grow at a CAGR of 5.2% over the forecast period. Quality improvements of healthcare services owing to the implementation of advanced technology tools, rising importance of granting the patients access to critical medical information, and improving their safety concerns are few of the driving factors for the significant increase in the electronic health records market. 

Global EHR market is anticipated to value worth USD 29.81 billion by 2020.Electronic health records are a consolidated report storing a wide range of information like the laboratory test results, demographics, diagnostic images, medical history of patients and medications provided. Their ability to provide up-to date and accurate patient information, reduced medical errors, increased patient participation, reduced healthcare cost and improved efficiency are major factors driving the EHR market demand. 

Browse full research report on Electronic Health Records Market: http://www.grandviewresearch.com/industry-analysis/electronic-health-records-ehr-market

Increased usage of tablets and smartphones has augmented the EHR market demand as well. Patient records could be easily managed with reduced human errors by implementing the EHR software to record the medical history of patients giving traceability and ease operation. Favourable government policies like the American Recovery and Reinvestment Act (ARRA) is expected to support the growth of EHR market. 

On the basis of product, the EHR market is segmented into web or cloud-based and client-server based. Web-based EHR market has accounted the largest product segment and accounts for over USD 16.00 billion in 2014. Client-server based EHR systems mostly store in-house data. They need hardware, software and a server to be installed. 

Cloud-based EHR have the advantage over client server based systems as they store information on external servers and web access is possible via a platform and a web service. Web based EHR market is expected to significantly grow at a CAGR of 5% owing to the lucrative benefits of ease of interoperability, no cost of maintenance of licensing and little investments in infrastructure.

On the basis of end use and application, market subsegments of EHR market are hospital use and ambulatory use. However, the ambulatory sub segment is further sub-segmented into stand-alone facility, clinical use and retail pharmacy use. As of 2014, hospital use shared the largest revenue due to increasing need for medication & consulting, optimum services and growing competition. Ambulatory use is the next largest segment anticipated to grow at a considerable rate due to diagnostics labs & clinics, usage of wireless EHR in retail pharmacies,and rising demand for EHR mobile operations. 

As of 2014, North America accounted for the largest share over USD 9.5 billion and a government law providing USD 64,000 from Medicare and Medicaid to every medical practitioner adopting EHR systems. Rising demand for improved quality of medical services, increased pressure for healthcare cost containment, and encouragement through government funding are some of the major factors for North America electronic health record market growth. 

In 2014, Europe also shared profit in terms of revenue owing to the various development activities by prominent players of the EHR market. An Epic system was installed at Cambridge University Hospitals NHS Foundation Trust, in the UK, costing USD 214 million, in October 2014. 

Emerging economies like India, China, Mexico, Brazil and South Africa are expected to demonstrate high economic growth and reflect immense potential for EHR market especially due to rising health awareness among the rising population and increasing disposable income. 

Significant players in the EHR market are Siemens Medical Solutions,GE Healthcare, MEDITECH, McKesson Corp., and NextGen Healthcare.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/healthcare-it

Grand View Research has segmented the global electronic health records market on the basis of product, end-use and region: 

Global Electronic Health Records Product Outlook (Revenue, USD Million, 2012 - 2022)
  • Client-server-based
  • Web-based
Global Electronic Health Records End-use Outlook (Revenue, USD Million, 2012 - 2022)
  • Hospital use EHR
  • Ambulatory use EHR
    • Stand-alone facilities use EHR
    • Clinics use EHR
    • Retail Pharmacy use EHR
Electronic Health Records Regional Outlook (Revenue, USD Million, 2012 - 2022)
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa (MEA)
    • South Africa
    • Rest of Middle East and Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


For more information: http://www.grandviewresearch.com

Comments

Post a Comment

Popular posts from this blog

The global vein illuminator market is expected to reach USD 358.5 million by 2024, according to a new report published by Grand View Research, Inc. The vein illuminator market is anticipated to witness a lucrative growth during the period 2016 to 2024. The factors contributing towards the growth of the market are the growing aging population and the efforts channelized towards improving patient satisfaction. Additionally, factors, such as the demand for technologically advanced medical equipment and the rising research and practical applications are expected to be opportunistic for the industry growth. However, the prevalence of traditional methods owing to the high costs of the vein illuminator devices is likely to hinder the growth of the market in the near future. The vein illuminator market is segmented on the basis of technology, application, end-user, and region. Based on technology, the market is further categorized into transillumination, infrared technology, and ultrasound. The near-infrared illumination technology is estimated to be the largest shareholder due to its ability to penetrate deep into the tissue, which makes it possible to visualize the vessels clearly. On the basis of application, the market is segmented into intravenous access and blood draw. The end-user segment comprises hospitals, rehabilitation facilities, blood donation camps, and academic institutions. The market for hospitals is expected to grow rapidly during the forecast period due to a surge in the demand for technologically advanced medical equipment. The market is also categorized into North America, Europe, Asia Pacific, MEA, and Latin America. Browse full research report on global Vein Illuminator Market: http://www.grandviewresearch.com/industry-analysis/vein-illuminator-market Further key findings from the study suggest: • In terms of market share, the North America vein illuminator market is expected to hold majority of the share in 2016. Factors resulting in the growth of this industry are the steady preference for highly-advanced medical devices by hospitals as well as the presence of several medical device manufacturing companies in the region. • The infrared illumination technology is estimated to lead the industry due to its deep penetration capability into thick tissues tohighlight the presence of vessels with increased clarity. Based on application, the segment for intravenous access is estimated to be the largest shareholder, followed by the blood draw segment. • The vein illuminator industry comprises several local as well as global players. Some prominent players in this industry include Accuvein, Inc., Christie Medical Holdings, Inc., Infrared Imaging Systems, Inc., Translite, LLC, and Venoscope, LLC,among others. In order to hold a major share in the industry, the companies are adopting both organic as well as inorganic strategies. The major strategies adopted by the companies are new product development, mergers, collaborations, partnerships, geographical expansions, and acquisitions. • The companies are also focusing on research and development activities in order to enhance their product portfolio. For instance, in September 2015, Accuvein, Inc., declared its 26th patent, which was issued by the United States Patent and Trademark office for their vein visualization system. Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices Grand View Research has segmented the vein illuminator market on the basis of technology, application, and end-user application: Vein Illuminator Technology Outlook (Revenue, USD Million, 2013 - 2024) • Transillumination • Infrared technology • Others Vein Illuminator Application Outlook (Revenue, USD Million, 2013 - 2024) • Intravenous access • Blood draw • Others Vein Illuminator End-user Outlook (Revenue, USD Million, 2013 - 2024) • Hospitals • Blood donation camps • Academic institutions • Others Vein Illuminator Regional Outlook (Revenue, USD Million, 2013 - 2024) • North America • Europe • Asia Pacific • Latin America • MEA Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-vein-illuminator-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc For more information: www.grandviewresearch.com

The global  vein illuminator market  is expected to reach USD 358.5 million by 2024, according to a new report published by Grand View Research, Inc. The vein illuminator market is anticipated to witness a lucrative growth during the period 2016 to 2024. The factors contributing towards the growth of the market are the growing aging population and the efforts channelized towards improving patient satisfaction. Additionally, factors, such as the demand for technologically advanced medical equipment and the rising research and practical applications are expected to be opportunistic for the industry growth. However, the prevalence of traditional methods owing to the high costs of the vein illuminator devices is likely to hinder the growth of the market in the near future. The vein illuminator market is segmented on the basis of technology, application, end-user, and region. Based on technology, the market is further categorized into transillumination, infrared technology, a...
Read more

Hyaluronic Acid Market Is Likely To Be Influenced By The Increase In Obesity Till 2024: Grand View Research, Inc.

Image
The global  hyaluronic acid market   is expected to reach USD 13.4 billion by 2024, according to a new report by Grand View Research. Factors such as increasing concern in population regarding chemicals, desire to get quick and evident results, and shorter recovery time are high impact-rendering drivers of this market.  The market is evolving rapidly due to the increasing adoption of aesthetic procedures in both developed and developing regions. The growing geriatric population coupled with growing awareness about antiaging products and aspiration to look healthy and young is fueling the market for all cosmetics. The efficacy and evident results of hyaluronic acid - based dermal fillers are attracting this population base.  The increase in obesity resulting in osteoarthritis and joint pain has boosted the demand for hyaluronic acid injections as treatment. In 2012, approximately 53 million people were diagnosed with osteoarthritis and it is projected that b...
Read more

Protein Purification & Isolation Market Is Predicted To Grow Swiftly Due To Increased Research In The Fields Of Biotechnology & Pharmaceuticals Till 2025: Grand View Research, Inc.

Image
The global  protein purification and isolation market  is expected to be USD 9.5 billion by 2025, based on a new report by Grand View Research, Inc. Increased funding from both public and private research organizations for research and development of structure-based drugs and technological advancements are key drivers for the market.  Demand is increasing for the development of protein purification products based on single use purification process owing to increased proteomics research and rising need to identify new protein-based ligands with high specificity. Availability of a wide range of novel resins specific for different end users is estimated to be one of the drivers increasing the adoption rate of protein purification techniques. U.S. protein purification & isolation market, by technology, 2014 - 2025 (USD Billion) Browse full research report on Protein Purification & Isolation Market: http://www.grandviewresearch.com/industry-analysi...
Read more