The systems that are used to maintain digital health record of the patient are called electronic health record (EHR) systems. This systems supports the systematic storage of information such as health progress notes, diagnoses, vital signs, medications, allergies, lab data and past medical history. The electronic storage of the system helps the ecofriendly storage of the information with minimum risk of losing it along with less manual work and other facilities such as easy access to the required information.
The EHR systems helps to access and track health records conveniently and also allows for easy sharing of patient information with other healthcare professionals, in order to take clinical decisions during the treatment. Furthermore, the system also helps to get connect with different locations and healthcare departments to collect patient data; for instance, from clinical laboratory, other hospitals, in schools for maintaining student’s health record, different companies that keeps the health record of their employees, pharmacies, and emergency facilities. For effective use and to avoid reimbursement loss from any treatment some EHR system providers follow some methods to guide the patient and clinician during the course of treatment.
As per the data published by Practice Fusion Blog, Inc. (It is the top most cloud based EHR platform in U.S.), it is expected that, by the end of 2017 around 90% physicians will use EHR systems in the U.S. Also, 67% out of all providers of EHR systems have reported that there is 1% growth in the adoption of EHR systems between September 2016 and March 2017. The highest adoption rate of EHR systems is observed in internal medicines departments, pediatrics departments followed by nephrology, family practice and urology department.
Electronic health record (EHR) systems market taxonomy:
Global Market by Product Type
Global Market by End User
Global Market by Geography
Technological advancements, highly beneficial applications and raised demand of EHR systems lead the growth for Electronic health record (EHR) systems market towards positive direction in the near future
The continuous improvements in healthcare sector and supportive government initiatives create a highly conducive environment for growth of the global electronic health record (EHR) systems market. For instance, the American Recovery and Reinvestment Act of 2009 authorizes the Centers for Medicare & Medicaid Services (CMS) to provide incentive payments to eligible professionals (EPs) and hospitals who adopt, implement, upgrade, or demonstrate meaningful use of certified electronic health record (EHR) technology. The top contributor region in this market is North America, followed by Europe, as this regions has high adoption rate and developed healthcare network and facilities. The increasing development and digitalization in emerging economies are expected to show the high growth rate in electronic health record (EHR) systems industry in the near future. Also, high growth rate is expected from China as, this country is known for the production of low cost electronic devices. Based on end user the hospitals, as the hospitals generate large amount of data on a daily basis and the use of EHR system reduces their work pressure and save time required to keep health record, therefore the EHR systems became an integral part of hospitals in recent years. Also, the rising demand for Web/Cloud-based EHR systems from small healthcare facilities will result in growth of this segment of electronic health record (EHR) systems market in near the future.
Low affordability of EHR systems due to their high cost and maintenance and service expenses are some factors restraining the growth of electronic health record (EHR) systems market. The manufacturers are continuously working to reduce the cost of these systems to increase the market penetration in emerging economies.
Some of the major players in the electronic health record (EHR) systems market are Cerner Corporation, athenahealth, Inc, Meditech, Allscripts, Epic Systems Corporation, Quality Systems Inc, McKesson Corporation and GE Healthcare. Other emerging players in this market are Healthcare Management Systems, eClinicalWorks, Healthland and CureMD Research & Development. Also, the earliest acquisition in this market is Cerner Corporation acquired Siemens Health Services in February 2015. This acquisition will drive the innovation and development in healthcare IT segment.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.[email protected]
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.