Electronic Health Records Market (EHR) to Grow at 5.53% CAGR to 2020 Driven by Digital and Connected Healthcare Technologies

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Jun 29, 2016, 08:30 ET

PUNE, India, June 29, 2016 /PRNewswire/ --

The global electronic health records market is stimulated by the rise in digital and connected healthcare technologies. One trend impelling growth in EHR market is the increased adoption of predictive analytics. Healthcare organizations generate massive amount of clinical data such as patient health data and non-clinical data such as administrative and financial data. The ever increasing volume, variety, and velocity of clinical and non-clinical data have compelled healthcare organizations to implement statistical tools, data science, and mining technology.

Complete report on electronic health records market spread across 74 pages, analyzing 5 major companies and providing 24 data exhibits is now available at http://www.rnrmarketresearch.com/global-electronic-health-records-market-2016-2020-market-report.html.

The analysts forecast global electronic health records market to grow at a CAGR of 5.53% during the period 2016-2020. The connected healthcare solutions such as personal health record (PHR), EHR, telemedicine, and mobile-based health applications provide access to healthcare services from any distant location. During 2015, the Americas dominated the global electronic health records market by accounting for almost 53% of the overall market space. The increasing adoption of personalized healthcare systems and affordable healthcare systems is expected to boost growth in the EHR market in the Americas during the forecast period.

The electronic health records market report analyst says one driver gaining traction in this market is the shift from ICD-9 to ICD-10. ICD is the medical categorization and standard diagnostics tool for epidemiology. It was introduced by WHO for population health management and electronic health records market. ICD-10 is the latest version that has replaced the ICD-9 version of medical coding systems. Healthcare providers such as doctors, medical staffs, healthcare policy makers, medical coders, and medical researchers use ICD-10 to classify diseases and health-related issues.

Recently, there has been a significant rise in the adoption of predictive analysis that is helping the electronic health records market. EHR solutions integrated with predictive analytics tools enable physicians to determine cardiac-related health conditions by analyzing and interpreting health data such as variations in the blood pressure and electrocardiogram (ECG) records. Predictive analytics technology integrated with electronic health records market is becoming one of the emerging research areas in medical technology.

The following companies are the key players in the global electronic health records market: Allscripts Healthcare Solutions, Cerner, CPSI, Epic Systems, and McKesson. Other prominent vendors in the market are: Advanced MD, CSC, CureMD, Dell, GE, Greenway Health, MEDITECH, NextGen Healthcare, Practice Fusion, and Siemens Medical Solutions. Order a copy of Global Electronic Health Records Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=620695.

The on premise EHR segment dominated the global electronic health records market in 2015 with a market share of more than 64%. Hospitals and clinics subscribe to EHR software solutions by paying a licensing fee. Vendors in the market offer comprehensive software solutions to implement EHR systems in hospitals. Data security and privacy concerns pertaining to cloud-based EHR solutions are expected to stimulate an increase in the adoption of on premise EHR in the coming years.

Global Electronic Health Records Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global electronic health records market for 2016-2020. To calculate the market size, this considers the revenue generated from EHR vendors. The global electronic health records market can be broadly classified into two categories based on the technology deployment model of EHR solutions and geographic concentration of vendors.

Another related report is Global Healthcare IT Market 2016-2020, the analysts forecast global healthcare IT market to grow at a CAGR of 7% during the period 2016-2020. The adoption of connected healthcare solutions, such as electronic health record (EHR) and PHR, has increased with the rise in need to enhance the overall quality of healthcare services. Also, tightening of government regulations in the healthcare sector has fueled the adoption of IT solutions globally. Healthcare information technology outsourcing (ITO) solution providers will have to follow the guidelines of healthcare Acts applicable to their operating jurisdiction while delivering services. Browse complete report @ http://www.rnrmarketresearch.com/global-healthcare-it-market-2016-2020-market-report.html.

Explore other new reports on Electronic Medical Record Market @ http://www.rnrmarketresearch.com/reports/life-sciences/healthcare/information-technology/electronic-medical-record.

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