Favorable Government Initiatives to Back Growth of the Electronic Health Records (EHR) Market

Published On : 03 Jan 2017

QYReserachReports.com now features a report, titled “Global Electronic Health Records (EHR) Market Professional Survey Report 2016.” The report includes an extensive coverage of the various aspects of the global EHR market. It serves as a reliable business tool for both existing and new players in the market and aids them in formulating business strategies.  

EHR systems help in maintaining updated information of patients, cut down healthcare costs, and enhance efficiency and accuracy. Owing to these benefits, they are being increasingly acknowledged by many physicians around the globe. Moreover, favorable initiatives introduced by several governments worldwide are promoting the adoption of EHR systems for healthcare facilities. The emergence of digital and connected healthcare technologies is also providing a significant push to the market.

On the other hand, the dearth of professionals with adequate knowledge regarding healthcare is restricting the market from realizing its full potential. Moreover, the high installation cost of EHR solutions along with the technical issues such as data migration complexities, system interoperability and integration issues is hampering the growth of the market. However, the increasing popularity of e-prescription is likely to bode well for the growth of the market in the offing. Furthermore, the shifting focus of healthcare service providers from disease-centric to patient-centric models is creating immense growth opportunities for the market.

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The key regional markets methodically examined in the research report are North America, Europe, Japan, China, India, and Southeast Asia. North America is expected to represent a substantial share in the market during the forecast period. The growth of the region is primarily driven by the healthcare IT market in the U.S., which is one of the most prominent and mature markets worldwide. The stringent regulatory norms and EHR incentivizing policies in the region are prompting hospitals and clinics in the region to implement EHR solutions. 

The major contributors in the Europe EHR market are the U.K. and Germany. The rapidly growing geriatric population, increasing emphasis on enhancing patient care, and rising need for remote monitoring are responsible for the growth of the region. The flourishing growth of the China market is attracting several international players such as Dell, Cisco, Fujitsu, IBM, and Siemens. The growth of the region is propelled by the improving healthcare infrastructure and the widening patient base.

Prominent players in the global EHR market are consistently pouring funds into the research and development of next-generation healthcare IT solutions. These players are keen on expanding their foothold in cloud-based EHR solutions. Some of the key players in the market are PracticeFusion, IPatientCare, ADP AdvancedMD, EMDs, Siemens Healthcare, HealthFusion, EClinicalWorks, Epic Systems, MEDITECH, Greenway, Amazing Charts, Drchrono, NextGen Healthcare, CPSI, Sage Software Healthcare, Cerner, Athenahealth, MaineHealth, Allscripts Healthcare Solutions, Kareo, and GE Healthcare.

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