Electronic Health Records (EHR) Market Report Highlights:
- The global electronic health records (EHR) market experienced significant growth, reaching a size of USD 27.42 billion in 2023. It is projected to expand to USD 41.87 billion by 2033, with a compound annual growth rate (CAGR) of 4.32% from 2024 to 2033.
- The fastest growth segment within healthcare systems is expected to be reporting, with a projected CAGR of 5.1% by 2033. In 2023, cloud-based systems dominated the market, accounting for 48% of total EHR usage, while clinical applications led with a 46% market share.
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According to Healthit.gov, in the transformative landscape of healthcare, a remarkable surge in Electronic Health Records (EHR) adoption has been witnessed, with an impressive 78% adoption rate among office-based physicians and an even 96% among non-federal acute care hospitals as of 2021.
Electronic Health Records (EHR) are comprehensive digital repositories of an individual’s health information. These records go beyond just a medical history; they encompass a patient’s entire healthcare journey. Within Electronic Health Records (EHR), you’ll find details about diagnoses, treatments, medications, immunizations, allergies, and even demographic information. One key advantage is accessibility. EHR allows authorized healthcare professionals to access your information securely, promoting seamless collaboration among healthcare providers. This accessibility enhances the continuity of care, ensuring your doctors have up-to-date and accurate information to make informed decisions.
Electronic Health Records (EHR) also facilitate data sharing between various healthcare settings, like hospitals, clinics, and pharmacies. This interoperability reduces redundancies, minimizes errors, and streamlines processes. For instance, if you visit a specialist, they can quickly review your medical history and coordinate treatments more effectively. Additionally, Electronic Health Records (EHR) contribute to improved patient engagement. Some systems enable patients to access their health records, fostering a better understanding of their conditions and encouraging active participation in their healthcare journey. Data security is a paramount concern in Electronic Health Records (EHR). Robust encryption and authentication measures are in place to safeguard sensitive health information. This ensures that only authorized individuals have access to the data, maintaining patient privacy and complying with regulatory standards.
Furthermore, Electronic Health Records (EHR) revolutionize healthcare by digitizing and centralizing health information, fostering collaboration among healthcare providers, enhancing patient engagement, and prioritizing data security to provide efficient, personalized, and high-quality care. The global increase in the adoption of Electronic Health Records (EHR) is a response to these systems’ transformative impact on healthcare delivery, efficiency, patient outcomes, and compliance with evolving regulatory standards. As technology advances, the adoption of electronic health records is likely to expand further.
Recent Developments:
- In July 2023, NextGen Healthcare and the American Podiatric Medical Association joined forces to enhance their “NextGen Office” platform, focusing on podiatry blueprints that tackle diabetes and injuries.
- In June 2023, CPSI expanded its partnership with Mid Coast Health System, implementing EHR, accounts receivables, and IT-managed services at Crockett Medical Center in Texas. Other Mid Coast hospitals, like El Campo Memorial and Palacios Community Medical Center, have also adopted CPSI solutions.
- In May 2023, MEDITECH partnered with Canada Health Infoway to link up with their e-prescribing service, “Prescribell.” This collaboration enables Canadian prescribers to electronically send prescriptions from MEDITECH’s Expanse EHR to the patient’s chosen pharmacy, simplifying new prescriptions, renewals, and cancellations.
- In February 2023, King’s College Hospital in Dubai joined forces with Oracle Cerner to upgrade its electronic medical records system using Oracle Cloud services.
Electronic Health Records (EHR) Market Companies
- Epic Systems Corporation
- Allscripts Healthcare Solutions, Inc.
- McKesson Corporation
- GE Healthcare
- NextGen Healthcare, Inc.
- Athenahealth
- OpenEMR
- Siemens Healthineers AG
- eClinicalWorks
- Medical Information Technology, Inc.
Discover our detailed Table of Contents (TOC) for the Industry, providing a thorough examination of market segments, material, emerging technologies and key trends. Our TOC offers a structured analysis of market dynamics, emerging innovations, and regional dynamics to guide your strategic decisions in this rapidly evolving healthcare field – https://www.towardshealthcare.com/table-of-content/electronic-health-records-market-size
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