Electronic Health Records EHR Market to Exceed $60 Billion by 2030 and expands at 7.7% CAGR
Allied Market Research has recently introduced a latest research study titled “Global Electronic Health Records Market Outlook and Forecast 2021-2030.” This comprehensive analysis delves into market risks, pinpoints potential opportunities, and furnishes strategic and tactical decision-making support for the duration from 2021 to 2030. The report distinctly focuses on pivotal regions steering market growth while offering invaluable insights into the market’s research and development, drivers of growth, and shifts in investment dynamics within the Global Electronic Health Records Market. Additionally, the study highlights profiles of numerous prominent industry players, such as Allscripts healthcare solutions Inc., Cerner Corporation, Computer programs and systems Inc., CureMD Corporation, eClinicalWorks, Epic systems corporation, General Electric Company, Greenway Health, LLC., Meditech, and Praxis EMR.
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Electronic Health Records Market Statistics: The global electronic health records market size was valued at $30,550.3 million in 2020, and is projected to reach $63,848.6 million by 2030, registering a CAGR of 7.7% from 2021 to 2030.
The growing importance of Electronic Health Records-
The Electronic Health Records (EHR) market is witnessing a surge in importance as healthcare systems increasingly prioritize digitization and interoperability. With the demand for streamlined patient data management and accessibility, EHR systems play a pivotal role in enhancing healthcare delivery, driving efficiency, and improving patient outcomes. As regulatory requirements evolve and the emphasis on data-driven decision-making intensifies, the EHR market is poised for sustained growth, becoming indispensable for modern healthcare ecosystems.
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The segments and sub-section of Electronic Health Records Market is shown below:
By Product: On-premise Software, Cloud-based EHR Software
By Type: Inpatient EHR, Ambulatory EHR
By Application: Clinical Application, Administrative Application, Reporting in Healthcare System, Healthcare Financing, Clinical Research Application
By End User: Hospital, Clinics, Specialty Centers, Other End Users
By Region; North America (U.S., Canada, Mexico), Europe (Germany, France, UK, Spain, Rest of Europe), Asia-Pacific (Japan, China, Australia, India, Rest of Asia Pacific), LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Some of the key players involved in the Market are: Allscripts healthcare solutions Inc., Cerner Corporation, Computer programs and systems Inc., CureMD, Corporation, eClinicalWorks, Epic systems corporation, General Electric Company, Greenway Health, LLC. Meditech, Praxis EMR
Electronic Health Records Growth in Adoption:
The recent digital revolution in healthcare has seen a significant explosion in the growth of Electronic Health Records usage, indicating a watershed movement from discrete paper-based records to systemic electronic management. This phenomenon has primarily been a result of the realization of the potential of technology in improving the efficacy and patients’ outcomes. Moreover, various government policies have been critical in providing the necessary push, such as the Health Information Technology for Economic and Clinical Health Act (HITECH) in the United States. It provided financial incentives and penalties based on meaningful use, leading to the explosion in EHR adoption and the rapid incorporation of such technologies into medical centers throughout the country.
Government-led initiatives such as the HITECH Act have significantly increased nationwide health information exchange, where different healthcare providers can interconnect and share information to boost interoperability. The balance to integrative care delivery is the ability of healthcare providers across the care continuum to access patient-specific information in real-time and wherever a patient presents for care. The shift in the care flow has enhanced providers’ ability to make informed decisions, coordinate their efforts while ensuring their patients’ safety and in the provisions of care. Moreover, the collaborative approach between EMS, healthcare organizations and providers, and technology vendors have built a foundation for a more interconnected, productive, and patient-centered healthcare system that powers the global expansion and developments in EHR adoption.
Introduction about Electronic Health Records Market
Electronic Health Records Market Size (Sales) Market Share by Type (Product Category)
Electronic Health Records Market by Application/End Users
Electronic Health Records (Volume) and Market Share Comparison by Applications
Global Electronic Health Records and Growth Rate (2021-2030)
Electronic Health Records Competition by Players/Suppliers, Region, Type, and Application
Electronic Health Records (Volume, Value, and Sales Price) table defined for each geographic region defined.
Electronic Health Records Players/Suppliers Profiles and Sales Data
Key Raw Materials Analysis & Price Trends
Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
…….and view more in complete table of Contents
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