Current Business Affairs Global Electronic Health Records Market 2018

Electronic Health Records Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast To 2025
Market Definition:
Electronic Health Records (EHR) is an individual's digital health document containing patient’s medical history and is
shared among multiple facilities and agencies. The data provides a summary of medical records generated electronically
during a clinical encounter, maintained by service providers over time. EHRs comprises of data ranging from progress
notes, immunizations, past medical history, laboratory data, demographics, vital signs, medications, problems and
radiology reports. EHR's applications are expected to witness growth over the forecast period owing to increasing digital
patient information leading to increased demand for mobile access of health record.
The authorized providers are allowed to create and manage the digital information associated with patient health and
provide easy accessibility of data to other health care providers. EHRs are built to share information with a range of
health care providers and organizations comprising emergency facilities, medical imaging facilities, specialist
pharmacies, workplace clinics, school and laboratories.
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Market Analysis with Latest Growth Factors:
Medical professionals prefer web based EHR systems due to their reduced deployment costs and automatic backup of
data by the vendor thereby increasing EHR’s sales. This software as a service (SaaS) application eliminates technical
glitches, allows quick and accurate access of data and is particularly beneficial to standalone centers or older physicians,
who continue to practice with the aim of avoiding penalty charges by the Centers for Medicare & Medicaid Services.
The rising installation of EHR systems can also be attributed to the increasing need for technological advancements and
enhancing efficiency in patient care and for secured data. Technological advancement has led to a surge in cloud based
EHR software usage, leading to favorable government policies globally, providing financial incentives, hence, and
boosting the global EHR solution market. However, extremely high cost of EHR and security risks pertaining to patient’s
medical history are few constraints of the industry
Major Key Players:
Key player in the Electronic Health Care Solution are GE Healthcare, Medical Information Technology, Inc., Allscripts
Healthcare Solutions, Inc., Cerner Corporation, CPSI and Medical Information Technology, Inc.
Market Segmentation: