Latest News- Electronic Health Records Market: On-premises is expected to lead the Deployment segment during 2025-2029

The Electronic Health Records Market is being driven by Benefits of EHR leading to rise in adoption

The Electronic Health Records Market is expected to grow at a CAGR of 14.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 49407.3 million. In alignment with United Nations projections, over half of the global population is projected to reach the age of 65 by 2039, leading to significant transformation in the healthcare sector of developed countries. This evolution involves a shift from diagnosis and cure to prevention. Parallel trends are emerging in the rapidly developing Asian and MEA regions, where population growth is particularly high. In response to these demographic shifts and the increasing demand for remote healthcare, wireless treatment, and minimally invasive procedures, healthcare providers are making strategic investments in home care solutions, remote monitoring technologies, telehealth services, and self-monitoring devices. This preventive care focus is driving the growth of the Electronic Health Records (EHR) market, as providers seek to improve patient outcomes and reduce costs through enhanced data management and communication. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Deployment
  • On-premises
  • Cloud-based
• Component
  • Services
  • Software
  • Hardware
• Geography
  • North America
  • Europe
  • Asia
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Benefits of EHR leading to rise in adoption
• Government initiatives supporting EHR adoption
• Growing digitization of healthcare industry

However, the market also witnesses some limitations, which are as follows:

• Rising data security and privacy concerns
• High cost of EHR systems
• Complexities associated with deployment of EHR

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Market Scope in Electronic Health Records Market Research Report

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Research Analysis Overview

The Electronic Health Records (EHR) market encompasses various segments, including professional services, hospitals, and healthcare units. Hospitals and advanced healthcare facilities utilize EHR systems to manage patient records, reducing paperwork and facilitating digitalization. Chronic diseases require extensive record-keeping, making EHRs essential. Web-based and client server-based EHRs cater to acute care segments, while ambulatory and post-acute segments use Ambulatory EHR, Acute EHR, and Post-acute EHR. Big data analysis in EHRs benefits healthcare providers in Ambulatory Care, Ambulatory Surgical Centers, rehabilitation centers, and other healthcare units. EHRs store patient health history, medicines, allergies, lab systems data, radiology systems data, and clinical documentation, enhancing patient care.

Market Research Overview

In the professional services segment of the Electronic Health Records (EHR) market, key players collaborate with hospitals and healthcare units to streamline their operations through digitalization. Chronic disease management and acute segment care benefit significantly from this transition, reducing paperwork and increasing efficiency. Data sourcing is crucial in this process, involving the identification and evaluation of internal and external data sources for cost, coverage, and quality. Companies establish long-term relationships with suppliers, including equipment providers and labor, to ensure a sophisticated system for data collection and management. The labor force consists of management and marketing executives, overseeing direct operations and fostering strategic partnerships.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/