The
soaring number of government initiatives in many countries, aimed at promoting
the adoption of electronic health records (EHR) in hospitals and clinics, is
one of the biggest factors fuelling the adoption of this technology across the
world. For instance, the Health Information Technology for Economic and
Clinical Health (HITECH) Act was enacted by the U.S. government in 2009 in
order to promote the incorporation of EHR systems in the healthcare settings,
such as hospitals and clinics, and consequently enhance and modernize the
country’s healthcare system.
Driven by the above-mentioned factors, the valuation of the global electronic health record market size is expected to increase from $22.3 billion in 2017 to $30.4 billion by 2023. The market is predicted to progress at a CAGR of 5.4% during the forecast period (2018–2023). EHR systems are widely adopted in ambulatory care centers, inpatient facilities, and physician offices. Amongst these, ambulatory care centers are expected to observe the fastest growth in the adoption of EHR systems during the forecast period, mainly due to the rising number of such medical establishments across the globe.
Globally,
Asia-Pacific (APAC), owing to the surging geriatric population and increasing
incidence of chronic diseases, is expected to observe the fastest growth in the
usage of EHR systems in the years to come. As per the United Nations Economic
and Social Commission for Asia and the Pacific (UNESCAP), in 2016, around 12.4%
of the total population of the region was aged 60 years or above. In addition
to this, the surging government initiatives in the several APAC countries aimed
at improving the healthcare infrastructure are expected to further fuel the
growth of the EHR market in the region.
Driven by the above-mentioned factors, the valuation of the global electronic health record market size is expected to increase from $22.3 billion in 2017 to $30.4 billion by 2023. The market is predicted to progress at a CAGR of 5.4% during the forecast period (2018–2023). EHR systems are widely adopted in ambulatory care centers, inpatient facilities, and physician offices. Amongst these, ambulatory care centers are expected to observe the fastest growth in the adoption of EHR systems during the forecast period, mainly due to the rising number of such medical establishments across the globe.
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Market Segmentation by Delivery Mode
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Web-based/cloud-based server
·
On-premise
Market Segmentation by Component
·
Practice management
·
Patient management
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E-prescribing
·
Referral management
·
Population health management
Market Segmentation by End User
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Inpatient
o
Acute care
o
Long term care
o
Post-acute care
·
Ambulatory care
·
Physician offices
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