The Increasing Requirement Of Remote Monitoring Of Geriatric Patients Is Expected To Drive Electronic Health Records Market Till 2025: Grand View Research, Inc.
The
global Electronic Health Records (EHR) market is expected
to reach USD 33.41 billion by 2025, according to a new report by Grand View
Research, Inc. The government initiatives undertaken in support of EHR adoption
are most likely to accentuate the market growth.
The
federal government introduced Health Information Technology for Economic and
Clinical Health (HITECH) Act in 2009 for promoting usage of EHR amongst
healthcare providers. The program included provision of training and assistance
for health information technology (IT) workers in order to set up EHRs in the
hospitals.
The
National Health Services (NHS), UK is planning to convert the documentation
process into digitized form completely by the year 2018. In the U.S., federal
government has announced financial incentives for physicians planning to adopt
EHR systems. Any average physician with at least 30% of his/her patients
covered with Medicare is eligible for incentives worth USD 44,000.
Many
region-specific initiatives are promoting eHealth services. For instance,
EUR-Lex gave eHealth action plan for 2012 – 2020, which states the strategies
for deployment of eHealth services amongst European nations.
U.S. EHR
market, by product, 2014 - 2025 (USD Million)
Browse full research report on Electronic
Health Records Market: http://www.grandviewresearch.com/industry-analysis/electronic-health-records-ehr-market
Further
Key Findings From the Study Suggest:
- Web-based EHR was observed to be the largest
product segment owing to the fact that it can be deployed without in-house
installation of complex hardware infrastructure. Moreover, web-based EHR
is expected to be the fastest growing product segment in the coming years
- Acute care EHR held the majority of EHR type
market share at around 48% in the year 2016; whereas post-acute care EHR
is likely to showcase fastest growth rate over the forecast period
- The hospital use EHR segment accounted for the
largest end-use share due to the excessive adoption rate among hospitals,
whereas ambulatory care EHR is expected to be the fastest growing segment
- As a part of the Health HITECH Act of 2009, the
federal government allocated USD 27 billion for an incentive program, especially
arranged for promoting adoption of EHR in hospitals and ambulatory care
centers
- The EHR industry in Asia Pacific is projected
to display substantial growth over the forecast period owing to various
developments across major economies along with increased expenditure on
healthcare IT. This regional market is expected to grow at a CAGR of 7%
from 2017 to 2025
- According to Healthcare Information and
Management Systems Society (HIMSS) analysis adoption model for EHR, more
than 2.5% of total hospitals in the Asia Pacific region crossed stage 6 of
EHR implementation by the end of 2016, fueling the regional market growth
- Some of the established key players in this
industry include Cerner; Allscripts; McKesson Corporation; MEDITECH; Epic
Systems Corporation; and NextGen Healthcare. Some of the emerging players
are eClinicalWorks; Healthcare Management System; Healthland; and CureMD
Healthcare; etc.
Access
Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-electronic-health-records-market
About
Grand View Research, Inc:
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, the company offers market intelligence
studies ensuring relevant and fact-based research across a range of industries
including technology, chemicals, materials, healthcare and energy.
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