In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this U. S. Electronic Health Record Market Report. The U. S. electronic health record market by revenue is expected to grow at a CAGR of close to 6% during the period 2019–2025.
New York, Nov. 04, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "U.S. Electronics Health Records (EHR) Market - Industry Outlook and Forecast 2020-2025" - https://www.reportlinker.com/p05982523/?utm_source=GNW
The U.S. EHR market is expected to be driven by the increasing prevalence of chronic disorders and the outbreak of pandemics. About 6 in 10 adults in the US have a chronic disease, according to the National Center for Chronic Disease Prevention and Health Promotion 2019. An increase in the prevalence of acute and chronic diseases, including several heart diseases, diabetes, cancer, pandemic such as COVID-19, high awareness regarding the benefits of electronic healthcare records are likely to fuel the growth of the market in the US. EHRs offer a range of advantages to healthcare providers and patients, which ultimately increases productivity and patient satisfaction. The increasing adoption of software solutions such as data mining, clinical decision support system, and clinical trial management systems will propel the demand for EHR systems. A growing number of medical professionals opt for technologically advanced data management systems to save time and resources.
The phenomenal spread of COVID-19 in the US has increased the growth of the U.S. telehealth market. Telehealth services inpatient portals have eased overcrowding in hospitals and have allowed remote monitoring of patients, thereby decreasing the spread of the virus.
The following factors are likely to contribute to the growth of the U.S. electronic health record market during the forecast period:
• Growth in Chronic Diseases
• Increase in Government Funding and Expenditure
• Growth in Patient Engagement
The study considers the present scenario of the U.S. electronic health record market and its market dynamics for the period 2019?2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.
U.S. Electronic Health Records Market Segmentation
This research report includes a detailed segmentation by end-user, deployment, application. In 2019, the hospital segment was the largest end-user segment. It generates tremendous medical data daily. Hence, EHRs have become an integral part of patient data management owing to the convenience and increased productivity. The benefits offered by in-house EHR systems, including cost factor and time saving to large-scaled hospitals, are responsible for the revenue growth. Nearly 90% of hospitals across the country used electronic health record systems in 2018. Computerized prescriber-order-entry (CPOE) systems with clinical decision support are used by 96% of hospitals, according to the ASHP National Survey of Pharmacy Practice in Hospital Settings: Prescribing and Transcribing—2016.
In 2019, the clinical application of electronic healthcare records dominated the U.S. electronic health records market with a share of around 30%. One of the key EHR application areas in the healthcare system is clinical patient care. The use of EHRs as a source of data in clinical investigations could involve additional considerations, planning, and management. The demand for complete, up-to-date, and accurate medical records drives the adoption of EHR in the clinical segment.
On-premise deployment involves hosting the EHR software on in-house servers maintained and implemented by an organization’s IT team. Cloud-based is an online software-as-a-service implementation that hosts the software in the cloud where users access it via the internet. Both come with unique pros and cons that can impact decision-making. The cloud-based segment will be the fastest-growing segment during the forecast period. The cloud-based segment dominated the U.S. electronic health records market with a share of 56% for 2019. An increasing number of hospitals have shifted their preference for EMR systems from on-premise to cloud-based models, contributing to their market growth. Cloud EHR systems have a lower cost than on-premise products. Since cloud-based EHRs do not require capital investment in hardware, software, and network personnel, they are economical to implement and operate.
• Cloud-based Software
• On-premise Software
• Reporting in Healthcare Systems
• Healthcare Financing
• Clinical Research
• Specialty Centers
• United States
INSIGHTS BY VENDORS
The electronic health record (EHR) giant Epic continued to amass a greater share of the US hospital market in 2019. The presence of major companies, continuous progress in healthcare settings, and the expansion of healthcare IT infrastructure drive the U.S. electronic health records market. The electronic healthcare record market is in a growth stage, and it has achieved popularity and high penetration in developed countries such as the US. Allscripts, Cerner, E-clinical Works, and EPIC are the major vendors in the US market.
• Athenahealth Inc.
• Cerner Corporation
• Epic Systems
Other Prominent Vendors
• Amkai Solutions EHR
• Amrita Medical Solutions
• Angel Systems
• Askesis Development Group
• Cantata Health
• Co Centrix
• Empower Systems
• FEI Systems
• GE Healthcare
• Harris Healthcare
• Health Care Software (HCS)
• Indian Health Services
• Marshfield Clinic
• Medsphere Systems Corp.
• Meta Healthcare IT Solutions
• Morris Systems
• Netsmart Technologies
• NTT Data
• Optimus EMR
• Point Click Care
• Prognosis Innovation Healthcare
• PsyTech Solutions
• Qualifacts Systems
• Remarkable Health
• Sigma Care
• Sigmund Software
• Source Medical Solutions
• Tenzing Medical
• Uniform Data System for Medical Rehabilitation (UDSMR)
• World VistA
KEY QUESTIONS ANSWERED
1. What is the U.S. EHR market size and growth rate during the forecast period?
2. What are the factors impacting the growth of the electronic health record market shares?
3. What is the growth of cloud-based software segment in the electronic medical records market?
4. Who are the leading vendors and what are their market shares?
5. How is COVID-19 impacting the market growth of U.S. electronic health records market share?
Read the full report: https://www.reportlinker.com/p05982523/?utm_source=GNW
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