EHR stands of Electronic Health Record (EHR)
and EMR stands of Electronic Medical Record. EHR/EMR define as systematic
collection of patients’ electronically-stored health information in a digital
format. The digitally-stored healthcare information is shareable across
different healthcare settings. It typically includes information for instance
medical history, radiology images, billing information, medications &
allergies, patient demographics, and others. It improves the quality &
coordination of care (medical services).
The key benefits are improved patient care,
better data tracking over time, streamlined sharing of updated & real-time
information and timely reminders for patient screenings & preventative
checkups.
According to study, “Global
& US EHR/EMR Market Information By Component (Software, Services
& Consulting, Hardware), By Application (Specialty Based, Cardiology,
Neurology, Oncology, Radiology, General Based), By Mode of Delivery (On-Premise
Model, Cloud-Based), By End User (Hospitals, Ambulatory Care, Diagnostic
Centers, Others), By Region (Americas, Europe and Asia-Pacific) – Global
Forecast till 2023” the key companies operating in the global & US EHR/EMR
market are Allscripts Healthcare Solutions Inc., Advanced Data Systems
Corporation, Koninklijke Philips N.V., Cerner Corporation, Epic Systems Corp.,
eClinical Works, NextGen Healthcare, Praxis EMR, Medical Information Technology
Inc., 4Medica, GE Healthcare, Athenahealth Inc., CureMD Corporation, Computer
Programs and Systems, Inc., Quality Systems, Inc., Greenway Health, LLC.
Based on component type, global & US
EHR/EMR market is segmented into services & consulting, software, and
hardware. Software involves several provisions of sharing medical records by
the application of information technologies and telecommunication to remotely
located patients. Based on mode of delivery, market is segmented into
cloud-based and server-based or on-premise model. Based on application, market
is segmented into specialty based, neurology, cardiology, oncology, general
based and radiology. In addition, based on end-use industry, market is
segmented into hospitals, ambulatory care, diagnostic centers, and others.
The global & US EHR/EMR market is driven
by rise in government initiatives for maintenance of patients' electronic
health records, followed by growth in adoption of EER/EMR, favorable incentive
programs, growth in awareness pertaining to electronic healthcare &
electronic medical records systems, increase in use of cloud computing &
web-based solutions, cost-effectiveness of EHRs, consolidation of healthcare
providers, rise in care quality, high density of population, rapid adoption of
healthcare IT and clinical benefits associated with the application of EHR-EMR.
However, rise in data security concerns and high cost of implementing EMR &
EHR followed by the need for training may impact the market. Moreover, growth
in adoption of EHRs-EMRs in untapped markets is a key opportunity for market.
Based on geography, the North-American region
holds major share, followed by European region in global & US EHR/EMR
market owing to growth in healthcare expenditure, rise in innovation &
improved efficiency, increase in number of chronic diseases, and rise in
government initiatives to promote healthcare sectors in the region. The
Asian-Pacific region is projected to witness higher growth rate due to growth
in advantages of EHR, increase in number of healthcare organizations, and rise
in healthcare information technology in controlling expenses over the forecast
period. It is predicted that future of the market will be bright on account of
rapidly changing technology, rise in technologically advanced healthcare
infrastructure and presence of many key players during the forecast period.
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