Electronic Health Records Market Forecasts Report 2025: Impact of COVID-19 Pandemic on Business and Future Opportunity
Category: #headline  By Ronak Bora  Date: 2021-03-17
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Electronic Health Records Market Forecasts Report 2025: Impact of COVID-19 Pandemic on Business and Future Opportunity

Global electronic health records market has witnessed some exciting trends over the past few years and will continue to experience robust transformation in the future. EHR systems, also known as electric medical record (EMR) systems, can help create a better public health infrastructure, enable more efficient predictive clinical models, improve health outcomes, and enable better informed research critical to solving some of the industry’s most pressing challenges.

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EMR platforms can be broadly classified into on-premise and cloud/web based software solutions. Cloud/web based platforms accounted for over 48% revenue share of global EHR industry in 2018 and will witness widespread adoption by 2025. Cloud or web based systems provide on-demand access to IT services and help reduce hardware and maintenance costs. The upcoming years are poised to witness a major shift from on-premise EHRs to cloud/web based EHRs.  

The different applications of electric medical record systems include e-prescription, patient management, practice management, population health management, and referral management. The adoption of EHRs in practice management is likely to grow at a CAGR of 5.5% through 2025. It helps healthcare staff overlook appointments, revenue cycle and simplify various functions via automated digital platforms and services.

Australia electronic health records market is set to record a robust 8.5% CAGR through 2025, with increasing number of collaborations among healthcare facilities and the government to promote the adoption of various technologies. Citing an example, in February 2018, one of the country’s largest pathology laboratories had inked a collaborative agreement with the Australian Digital Health Agency to enroll for the national electronic medical record program.

On the geographical front, Canada electronic health records market will witness substantial growth over the coming years. The region, in 2018, represented a valuation of approximately $1,144.0 million. The implementation of pan-Canadian electronic health record initiative will fuel the adoption of EHR in the country. Furthermore, surging expenditure and investment on healthcare IT will play a crucial role in driving EHR market growth across Canada.

NextGen Healthcare, eClinicalWorks, Allscripts Healthcare Solutions, Inc., Cerner, and Epic among many others are some of the key players operating in the electronic health records market.

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Partial Chapter of the Table of Content

Chapter 4. Electronic Health Records Market, By Product

4.1. Key segment trends

4.2. Web/Cloud based EHR software

4.2.1. Market size, by region, 2014-2025 (USD Million)

4.3. On-premise EHR software

4.3.1. Market size, by region, 2014-2025 (USD Million)

Chapter 5. Electronic Health Records Market, By Application

5.1. Key segment trends

5.2. E-prescription

5.2.1. Market size, by region, 2014-2025 (USD Million)

5.3. Practice management

5.3.1. Market size, by region, 2014-2025 (USD Million)

5.4. Referral management

5.4.1. Market size, by region, 2014-2025 (USD Million)

5.5. Patient management

5.5.1. Market size, by region, 2014-2025 (USD Million)

5.6. Population health management

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About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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