“Global Electronic Health Records Market: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2023-2028” provides a deep and thorough evaluation of the global Electronic Health Records market. Electronic health records (EHR) are digital records comprising medical information about a person, which include diagnoses, medicines, tests, allergies, immunizations, and treatment plans. They enable patients to log into their accounts and keep track about the status of their medical records. They assist in maintaining track of vital signs, personal statistics, and billing information. They offer a real-time, patient-centered, and digital alternative to paper records and charts, which are used to provide information to authorized users instantly and securely.
The escalating demand for remote patient monitoring (RPM) on account of the rising prevalence of viral infections, cancer, diabetes, and other medical ailments represents one of the major factors positively influencing the demand for EHR around the world. It can also be attributed to the growing geriatric population that is more prone to these chronic conditions. In addition, rapid digitization, increasing sales of smartphones, high-speed internet connectivity, and improving income levels of individuals are contributing to the market growth. Moreover, the growing number of hospital visits by patients is driving the need for EHR worldwide. Furthermore, the increasing adoption of patient-centric EHR systems enables direct involvement of the patient during the documentation process is creating a positive outlook for the market. Apart from this, there is a rise in the integration of artificial intelligence (AI), the internet of things (IoT), and cloud-based EHR solutions to predict clinical outcomes. This has helped enhance the patient experience through quality care. These advanced solutions are also offering better communication between healthcare providers and patients and protection from data disruption caused by any accidents and mishaps. This is offering lucrative growth opportunities to leading players operating in the industry. Besides this, significant improvement in the healthcare infrastructure is expected to strengthen the growth of the market in the coming years.
Beginning with a global overview, the report explores the dynamics that have a strong influence on the Electronic Health Records market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the Electronic Health Records market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the Electronic Health Records market in detail for latest trends, outlook and opportunities.
The report analyses the competitive structure of the Electronic Health Records industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the Electronic Health Records industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the Electronic Health Records industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the Electronic Health Records industry. Furthermore, the value chain analysis of the Electronic Health Records industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
Key Segments and Highlights of the Global Electronic Health Records Market
The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the Electronic Health Records industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.
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