About EHR Software
EHR Software is utilized for the creation and maintenance of the digital patient’s health records, as every industry is moving towards digitization. This includes the complete medical and treatment history of any patients. This software stored data at a higher security level save from manual struggle for any patient’s data. This software also carrying some important database including demographics, medication, allergies, and others.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The company operates in this market and is continuously focusing on the technological advancement of the product. There are a huge number of market players are operating in this market, some of them are new entrants with some advanced technology. The players who cater to cloud-based EHR Software are generating major revenue and leading in the market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global EHR Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AdvancedMD, Inc. (United States), Allscripts Healthcare Solutions, Inc. (United States), Cerner Corporation (United States), McKesson Corporation (United States), MEDITECH (United States), NextGen Healthcare (United States), Computer Programs and Systems, Inc. (United States), CureMD Corporation (United States), Epic Systems Corporation (United States) and General Electric Company (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Greenway Health, LLC (United States), Quality Systems, Inc. (United States) and eClinicalWorks (United States).
Segmentation Overview
AMA Research has segmented the market of Global EHR Software market by Type (Inpatient EHR and Ambulatory EHR), Application (Clinical Application, Administrative Application, Reporting In Healthcare System, Healthcare Financing and Clinical Research Application) and Region.
On the basis of geography, the market of EHR Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Hospitals will boost the EHR Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Cloud-Based Software will boost the EHR Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High adoption of cloud-based EHR Software. The cloud-based Intergy EHR platform supports the functions of your practice, enabling financial success and restoring the focus on patient care. It provides a customized solution, it is the major reason behind the high adoption of HER software.
Market Growth Drivers:
Increase in Demand for EHR, Rising Ratio of Aging Population and Increase in the Incidence of Chronic Diseases
Challenges:
High cost associated with EHR software
Restraints:
Increase in concern regarding customer’s data security
Opportunities:
The growing demand for cloud-based EMR from the health care industry
Market Leaders and their expansionary development strategies
In March 2023, Osigu, Inc., announced that an agreement has been reached with Carvajal Group for the acquisition of Servinte, one of their subsidiaries, and the leading EHR and Healthcare Administration Software provider in Colombia. Osigu plans to enhance Servinte's capabilities by integrating top-of-the-line technologies and adding transactional capabilities.
In October 2023, NextGen Healthcare, an EHR vendor and healthcare software company, launched an ambient listening tool that can generate summaries of patient and clinician conversations.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, EHR Software Providers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.