Healthcare Industry Electronic Health Records Market Growth Prospects | Page 2

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On the basis of end users, the worldwide industry is divided into ambulatory centers, clinics, and hospitals.
Owing to lesser medical errors and efficient patient handling, hospitals may witness significant g rowth in the
years to come. This segment can register the highest growth rate till 2022. EHR devices are employed
extensively by ambulatory centers. Physicians have reported that the adoption of EHR has led to quality
healthcare services and greater patient satisfaction.
Geographically, the global electronic health records market is segmented into Asia Pacific, Europe, North
America, and Rest of the World. In revenue terms, North America was the largest regional market in 2013.
The region may continue dominating the worldwide market because of high investments in novel
technologies and widespread adoption of the EHR technology. Surging demand for quality healthcare also
plays a key role in stimulating regional growth.
Ongoing industry trends suggest that Asia Pacific could be the fastest growing regional segment from 2015 to
2022. This owes to growing importance of EHR, high R&D investments, rising disposable incomes, and
popularity of sophisticated healthcare devices. Price sensitivity among consumers is also key driver of the
Asia Pacific market.
Main industry competitors are NextGen Healthcare; Allscripts Healthcare Solutions, Inc.; Medical Information
Technology Inc.; GE Healthcare; and Epic System. Besides being highly competitive, the global market i s a
consolidated one and monopolistic too. Most companies engage in the development of innovative & novel
devices. Business ventures and geographical expansions are common strategies adopted by companies for
gaining higher market shares.
In December 2016, the IBRI (Indiana Biosciences Research Institute) declared its efforts towards
understanding how Type II diabetes varies from one patient to another. This research institute has access to
data on more than 800000 diabetics in Indiana. This may lead to the development of better diagnostics
solutions & newer treatments. The institute may facilitate tie-ups between industry players and academic
collaborators. Such collaborations aim at investigating problems from data sources & multiple perspectives.
Browse Related Category Market Reports @
https://www.hexaresearch.com/research-category/healthcare-it-industry
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