Electronic health records have gained precedence across all major healthcare organizations since being made mandatory by reputed bodies. The digitization of patient data, as well as the pertinent recording of patient in/out data, surgical history, past payment details, frequency of visits, medication history, and progress notes, is likely to pave new avenues for the global acute care EHR market report as observed by Market Research Future (MRFR).
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Acute Care EHR Market Outlook
The global acute care EHR market is set to achieve a high valuation at a 7% CAGR from 2017 to 2023 (forecast period), according to MRFR. Large prevalence of cancer and other chronic diseases has warranted the need for EHR software that contains patient and family medical history. According to the Center for Disease Control & Prevention (CDC), in 2015, 7 out of 10 deaths were caused by chronic diseases.
Large number of hospitals, heavy patient inflow, and low number of employees are factors which can drive the market growth. Remote monitoring of patients, especially geriatric patients, can drive the demand for acute care EHR. New HIPAA policies that encourage the use of software and other technology for diagnosis of patients will augur favorably for the acute care EHR market growth.
But exorbitant costs of software may impede the market growth.
The global acute care EHR market has been segmented based on deployment, application, and end user.
By deployment, the global acute care EHR market has been segmented into On-Premises based and Web-based.
By application, the global acute care EHR market has been segmented into personal care, pharmaceuticals, and others.
By end user, the global acute care EHR market has been segmented into hospital, ambulatory care, and others.
Acute Care EHR Market Regional Analysis
The Middle East & Africa (MEA), the Americas, Asia Pacific (APAC), and Europe are regions taken into consideration in the compilation of the global acute care EHR market report.
The Americas can dominate the global market due to the large patient base, adoption of latest technology, and large number of hospitals and ambulatory care centers. Large healthcare expenditure and ample funding by private organizations and charities can drive the regional acute care EHR market. Subsidies given to device manufacturers for the installation of software as well as large expendable income levels of patients are other drivers of the market.
Europe has assumed the second position in the acute care EHR market due to need for focus on patient care, large allocation of healthcare funds, and increasing government support. The region has been divided into Western and Eastern Europe and analyzed according to stand-alone economic factors. Western Europe has a larger share than its counterpart due to presence of countries with strong economic growth such as Germany, the U.K., and France.
The APAC region is touted to be the fastest growing due to mushrooming of hospitals and large patient volume. Rise in healthcare expenditure and rapidly growing economies of China and India can positively contribute to regional growth. In addition, medical tourism in these countries can elicit the need for acute care EHR which can in faster diagnosis and treatment procedures.
Lastly, the MEA may generate the least revenue in the global market due to limited medical facilities, low availability of funds, and poor economic conditions in Africa.
The noteworthy players in the global acute care EHR market include Epic Systems Corporation (U.S.), Evident (CPSI) (U.S.), eClinicalWorks (U.S.), Medhost (U.S.), Athenahealth (RazorInsights) (U.S.), IBM (U.S.), Vitera Healthcare Solutions (U.S.), Meditech (U.S.), McKesson Corporation (U.S.), Allscript (U.S.), Cerner Corporation (Siemens) (U.S.), Healthland (U.S.), and General Electric Company (U.S.).
Table 1 Acute Care EHR Industry Synopsis, 2020 – 2027
Table 2 Global Acute Care EHR Market Estimates and Forecast, 2020 – 2027, (USD Million)
Table 3 Global Acute Care EHR Market by Region, 2020 – 2027, (USD Million)
Table 4 Global Acute Care EHR Market by Deployments, 2020 – 2027, (USD Million)
Table 5 Global Acute Care EHR Market by Application, 2020 – 2027, (USD Million
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