Growing demand for digitalization and automation in healthcare is one of the major divers for the growth of electronic health records market. Electronic health records play a vital role for strengthening the relationship between clinicians and patients. The EHR system supports care related activities such as outcomes reporting, evidence-based decision support and quality management. Introduction of novel technologies such as mobility and analytics to cater the changing needs of patients and to build better connection between patients and physicians is expected to drive the growth of electronic health records market.
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The need for EHR systems has evolved owing to its high potential to improve workflow, efficiency and safety within healthcare organizations. Hospital use and ambulatory use EHR systems are the end-use segment for electronic health record market. Inefficient and disorganized delivery systems, high medication and medical error rates, poor care coordination and communication and lack of information support for effective decision-making are the major factors encouraging healthcare practitioners to implement EHR systems in hospitals.
North America held the largest market revenue share in 2013 over 45%. Presence of sophisticated healthcare infrastructure, government support in terms of incentives and investments and increasing adoption of SaaS-based EHR systems are the key factors attributing for its largest share. On the other hand, Asia Pacific market is expected to grow at a rapid pace during the forecast period owing to increasing adoption rates of EHR systems which add values to overall experience and constantly improving healthcare infrastructure.
Market players such as eClinicalWorks, Epic Systems, NextGen Healthcare, Allscripts, and GE Healthcare contribute over 50% of the market share of primary certified EHRs for participating professionals.
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