Information by product (software), application

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DSE Market DME

Electronic Health Records (EHRs) are real-time records of a patient’s medical history that are managed and stored to make information instantly available for authorization by medical staff. The Electronic Medical Record (EMR) is defined by the United States Department of Health and Human Services, an electronic record of medical information about an individual that can be created, collected, maintained, and viewed by clinicians and authorized personnel within of a healthcare organization. To differentiate, an EMR is a comprehensive report of a patient’s medical history, while an EMR is a more comprehensive summary of the patient’s general health.

These records often include a patient’s medical history, results and summaries of diagnostic laboratory tests, medications, treatment plans, vaccination dates, allergies, x-ray images and more. These records are useful when there is an emergency or a serious patient condition that needs to be treated. Health information stored in EHRs / EMRs can be added, managed and viewed by authorized health professionals via digital media. EHRs are built and cover a vast network that includes laboratories, specialists, medical imaging facilities, pharmacies, emergency facilities, and school and professional clinics. The EHR EMR market is expected to grow with a CAGR of 5.8%.

EHR-EMR-Market

Growing number of lifestyle and chronic disease patients

Chronic diseases weigh heavily on countries around the world. The growing number of patients diagnosed with chronic and lifestyle disorders has driven the demand for remote monitoring and chronic disease management. For example, according to the Center for Diseases Prevention and Control (CDC), chronic diseases such as cardiovascular disease, cancer, and diabetes are the leading causes of death and disability in the United States. annual health care costs in the United States health budget. In addition, according to CDC statistics, 34 million people nationwide are diagnosed with diabetes, an estimated 1.6 million people are diagnosed with cancer, and more than 868,000 Americans die from heart disease and stroke each year. cerebral.

To provide accurate and safe medical care to these patients, many hospitals are adopting EHRs / EMRs. Statistical report published in the Third Global eHealth Survey released by the World Health Organization (WHO) suggests there has been healthy growth in the adoption and use of national health record systems electronics (EHRs) over the past decade, and an increase of approximately 46% over the past five years globally.

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Increased patient awareness and supportive government policies

Healthcare IT and its components are the next online technology empowerment that is rigorously implemented to build a flawless and accurate medical and healthcare network. Many key stakeholders, including state and federal agencies, industry leaders, and physicians believe that EMR EHR systems have great potential to provide substantial benefits to physicians and healthcare organizations in the process. providing better emergency medical care and accurate diagnosis.

In addition, the health care reform implemented under the Patient Protection and Affordable Care Act (PPACA) has exploded the use of HER. The US Supreme Court approved PPACA requires the installation of electronic medical records for all physicians and health care institutes.

EHR EMR Market: Segmentation

Software Segment Dominates Market in Revenue Context

The software involves various arrangements for sharing medical records through the application of telecommunication and information technologies to remote patients. In 2019, the services segment accounted for the largest share of the hospital EMR systems market due to the recurring nature of the services, such as training and education, installation, consulting, and the latest update. The hardware segment, on the other hand, is growing steadily, due to the continued adoption of EHR EMR products in the market. The increasing prevalence of chronic and lifestyle disorders has forced many end users to seek a hardware upgrade, such as database expansion, server load expansion, etc.

On-premises segment dominates the market as it offers a more secure way to store data in internal databases

The on-premise EHR-EMR is the most traditional healthcare IT solution available on the market. It provides a more secure way to store data in internal databases through private servers / cloud domains. It also dramatically protects patient data from theft, eliminating public concern. Additionally, on-site recording software does not require an internet connection and is considered relatively secure against cyber attacks. Apart from this, the services, products and benefits offered by the major players are driving the growth of the segment. For example, PPC (Physicians Computer Company) provides EHR software that can be customized according to the needs of the end user and.

The cloud-based delivery mode of EHR-EMR solutions, on the other hand, is cost effective as it eliminates the need for large infrastructure installments. Additionally, new features and technological empowerment are fueling market penetration. For example, in 2018, Allscripts Healthcare Solutions, Inc. launched its first cloud-based electronic health record system, powered by artificial intelligence and machine learning capabilities. Additionally, Allscripts charges a monthly subscription fee of $ 100 to use the software, giving users the option to pay for the EHR solution in smaller installments.

Regional overview

North America-Lead-DSE-EMR-Market

Growing Government Support for Adoption of EHR Solutions in North America Drives Market Growth

North America holds the largest share of the EHR-EHR systems market based on growing government support for adoption of EHR solutions in healthcare facilities. The US government offers incentives to ensure that EHR EMR solutions are implemented according to requirements.

Healthcare professionals who meet these requirements can be reimbursed up to a maximum of $ 44,000. In contrast, institutions and hospitals can get significantly higher prizes of up to US $ 2 million, which are awarded through Medicare’s electronic health records incentive program. In addition, the presence of most of the key market players, such as Epic Systems Corporation (US), Cerner Corporation (US), MEDITECH (US), GE Healthcare (US) and Allscripts Healthcare Solutions, Inc. (US) are driving market growth.

India: one of the fastest growing digital economies

The Indian EMR market has seen a steady increase in the use of electronic medical records and other electronic and digital equipment in the healthcare sector. The high and accelerated growth of the market is due to the digitization movement in India initiated by the government. Recently, over the past decade, India has emerged as one of the fastest growing digital economies, characterized by 90% growth in digital adoption. The digitization initiatives undertaken by the Indian government, which include the introduction of digital biometric identification cards (Aadhaar), have created a favorable ecosystem for the implementation of EHR EMR solutions in the regional market.
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The main strategies of regional market consumers seeking to adopt these solutions are driving the market growth. For example, some well-known private hospital franchises in the country, such as Fortis, Max, and Apollo, as well as some public hospitals, such as All India Institutes of Medical Sciences (AIIMS), in urban areas are adopting EMRs.

Key players

Cerner Corporation (UNITED STATES)
Google Health (GOOGLE)
Epic Systems Corporation (UNITED STATES)
Allscripts Healthcare Solutions, Inc. (UNITED STATES)
MÉDITECH (UNITED STATES)
GE Healthcare (UNITED STATES)
NextGen Healthcare (IN UNITED STATES)
Intersystems Corporation (UNITED STATES)
Cantata Health (UNITED STATES)
Advanced-Data Systems Corporation (UNITED STATES)
CureMD (UNITED STATES)
Recent developments

In August 2020, the Indian government, as part of the National Digital Health Blueprint, aimed to use technology to improve healthcare delivery across the country and launched an initiative to introduce health ID cards for citizens across the country.
Science 37 has launched an integrated electronic health record that patients using Science 37’s technology platform can directly connect to their health record. Thus, by eliminating paper documentation and streamlining information sharing between platforms.
EHR EMR Market: Segmentation

By product

Software
Equipment
Services
By application

Based on specialty
Cardiology
Neurology
Radiology
Oncology
General application
By delivery method

On-site model
Cloud based
By end user

Hospital and clinics
Outpatient care
Diagnostic centers
By region

Americas
Europe
Asia Pacific
The Middle East and Africa

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