Electronic Health Records (EHR) Market to Exhibit 5.4% CAGR by 2026; High Demand for Stronger Health Information Technology to Augment Growth

The global electronic health records (EHR) market size is projected to reach USD 39,913.16    million by 2026. It is set to gain traction from the rising need for a robust health information technology (HIT). It helps in gaining top-quality care at reduced costs. Fortune Business Insights™ published this information in a recent study, titled, “Electronic Health Records (EHR) Market Size, Share & Industry Analysis, By Product (Web-based, On-premise), By Type (Stand Alone, Integrated) By End User (Physician’s Office, Hospitals, Others) and Regional Forecast, 2019-2026.” As per the study, the market stood at USD 26,200.48 million in 2018. However, it would exhibit a CAGR of 5.4% during the forecast period between 2019 to 2026.

Cerner Corporation Develops Center Learning Health Network

In February 2019, Cerner Corporation, a supplier of health information technology solutions, hardware, devices, and services headquartered in the U.S., developed its latest Center Learning Health Network. It would help clinicians in utilizing EHR data insights effectively to attain better informed care. This new tools would not only provide medical researchers access to data that can enhance care delivery, but also automate data collection from the EHR systems. To improve clinical research registries and pilot the program, the company will team up with the Duke Clinical Research Institute (DCRI). Once the pilot study and project get over, the tool will be made available to users working in the fields of healthcare, pharmaceutical, and life sciences.  

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/electronic-health-records-ehr-market-102660

Rising Government Initiatives to Implement EHR will Accelerate Growth

The governments of several countries worldwide are taking initiatives to deploy strategies to lower regulatory and administrative burdens on healthcare providers. Hence, they are working towards promoting the usage of electronic medical records. In December 2016, for instance, the Cures Act was put forward by the 114^th U.S. Congress to improve the development of medical products and create innovations in the medical technologies. It aided the stakeholders present in the healthcare IT industry to develop new strategies and recommendations for addressing the burdens related to the use of EHR. These factors are anticipated to propel the electronic health records market growth in the coming years. However, many developing nations are facing difficulties in using EHR devices. It may hinder market growth.

Key Players Engage in New Product Launches to Gain Competitive Edge

Companies present in the market are investing huge sums in research and development activities by keeping up with all the current EHR market trends. They are doing so to introduce new software solutions in the market that are equipped with innovative technologies and other related features.

Fortune Business Insights™ lists out all the prominent companies operating in the electronic health records market. They are as follows:

• Epic Systems Corporation


• Cerner Corporation


• Allscripts Healthcare, LLC


• Medical Information Technology, Inc. (MEDITECH)


• Athenahealth


• eClinicalWorks


• NextGen Healthcare


• MEDHOST


• CareCloud Corporation

Notable Industry Development-

• October 2017: ESO Solutions, Inc., a developer of electronic patient care software based in Texas, introduced the upgraded version of one of its most widely used electronic patient care report (ePCR) solutions named ESO Electronic Health Record software. It is specially designed to document and record patient care by emergency medical services.

Further Report Findings-

•  North America procured USD 12,123.12 million in 2018 in terms of EHR market revenue owing to the flexible regulatory scenario in this region.


• Asia Pacific is likely to exhibit lucrative growth stoked by the increasing number of key players that are aiming to penetrate the untapped zones.


• Based on product, the web-based segment is likely to dominate by generating the highest electronic health records market share fueled by their cost-effective nature.

The electronic medical records (EMR) market can be segmented in the following way: