Healtcare Electronic Health Record (EHR) Systems Market | Page 2

Global Market by Geography
•North America
•Europe
•APAC
•Latin America
•Middle East
•Africa
Technological advancements, highly beneficial applications and raised demand of EHR
systems lead the growth for Electronic health record (EHR) systems market towards positive
direction in the near future
The continuous improvements in healthcare sector and supportive government initiatives create a
highly conducive environment for growth of the global electronic health record (EHR) systems
market. For instance, the American Recovery and Reinvestment Act of 2009 authorizes the Centers
for Medicare & Medicaid Services (CMS) to provide incentive payments to eligible professionals
(EPs) and hospitals who adopt, implement, upgrade, or demonstrate meaningful use of certified
electronic health record (EHR) technology. The top contributor region in this market is North
America, followed by Europe, as this regions has high adoption rate and developed healthcare
network and facilities. The increasing development and digitalization in emerging economies are
expected to show the high growth rate in electronic health record (EHR) systems industry in the
near future. Also, high growth rate is expected from China as, this country is known for the
production of low cost electronic devices. Based on end user the hospitals, as the hospitals generate
large amount of data on a daily basis and the use of EHR system reduces their work pressure and
save time required to keep health record, therefore the EHR systems became an integral part of
hospitals in recent years. Also, the rising demand for Web/Cloud-based EHR systems from small
healthcare facilities will result in growth of this segment of electronic health record (EHR) systems
market in near the future.
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Low affordability of EHR systems due to their high cost and maintenance and service expenses are
some factors restraining the growth of electronic health record (EHR) systems market. The
manufacturers are continuously working to reduce the cost of these systems to increase the market
penetration in emerging economies.
Some of the major players in the electronic health record (EHR) systems market are Cerner
Corporation, athenahealth, Inc, Meditech, Allscripts, Epic Systems Corporation, Quality Systems
Inc, McKesson Corporation and GE Healthcare. Other emerging players in this market are
Healthcare Management Systems, eClinicalWorks, Healthland and CureMD Research &
Development. Also, the earliest acquisition in this market is Cerner Corporation acquired Siemens
Health Services in February 2015. This acquisition will drive the innovation and development in
healthcare IT segment.
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