Global Electronic Health Records (EHR) Market to Witness 7.2% CAGR during 2018–2024

The global electronic health records (EHR) market is primarily driven by factors such as rise in the adoption rate of EHR, incorporation of healthcare information technology (HCIT), and the growing geriatric population with the subsequent rise in the number of chronic diseases.

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With the increasing geriatric population and subsequent rise in prevalence of chronic diseases, the healthcare cost has witnessed a steep increase over the last decade. The trend is anticipated to continue in the following years, which will have a huge burden over healthcare systems of different countries across the globe.

Also, according to the World Health Organizations (WHO), cancer was the cause of 9.6 million deaths globally, in 2018. Similarly, the organization also reported that 17.9 million people die each year due to cardiovascular diseases accounting for 31% of all deaths globally.

The web-based led the global EHR market by mode of delivery. This leap over the client-server based mode of delivery options is due to the large scale adoption of web-based EHR systems among healthcare providers since it reduces the overall cost of installation and requirement of hardware and software systems.

The key players of the EHR industry are maintaining their competence through the launching of new products. For example, in March 2018, Allscripts Healthcare Solutions, Inc. unveiled Avenel, the company’s new electronic health record (EHR). Mobile-first and cloud-based, Avenel creates a community-wide shared patient record, uses machine learning to reduce the time for clinical documentation and is designed to work like an app instead of traditional software.

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Some of the key players operating in the global EHR market include McKesson Corporation, Cerner Corporation, Epic Systems Corporation, NextGen Healthcare Information Systems, LLC, GE Healthcare, Greenway Health, LLC, eClinicalWorks, Athena health Inc., Quality Systems Inc., Medical Information Technology Inc., Computer Programs & Systems Inc.

Source: VynZ Research