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 49.41 billion. In alignment with the United Nations' projection that over half of the global population will reach the age of 65 by 2039, the healthcare sector in developed countries is undergoing a significant transformation. This transition involves a move away from diagnosis and treatment towards preventive care. Similarly, developing countries in Asia and the Middle East and Africa, with their higher population growth rates, are anticipated to follow suit. The increasing demand for remote healthcare, wireless treatments, and minimally invasive procedures is further driving this shift. As a result, healthcare providers are increasingly investing in home care solutions, remote monitoring technologies, telehealth services, and self-monitoring devices to cater to the growing need for preventive care.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
197 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 14.8% |
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Market growth 2025-2029 |
USD 49.41 billion |
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Market structure |
fragmentation |
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YoY growth 2024-2025(%) |
13.8 |
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Key countries |
US, Canada, Germany, China, UK, France, Italy, Japan, Spain, and India |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Electronic Health Records (EHR) market encompasses various aspects including data governance, system architecture, software updates, change management, and training programs. Technical support, database management, system upgrades, and security patching are crucial for maintaining system functionality. Performance tuning, data cleansing, data warehousing, business intelligence, predictive modeling, and risk stratification enhance data analysis. Alert fatigue reduction, data visualization tools, clinical workflow automation, patient engagement strategies, provider adoption rates, and physician satisfaction are essential for user experience. Cost-benefit analysis, return on investment, system usability, usability testing, user experience design, information architecture, content management, knowledge graphs, and semantic interoperability contribute to overall EHR market development.
In the Electronic Health Records (EHR) market, data interoperability and seamless information exchange are crucial for effective healthcare delivery. Companies prioritize the implementation of HL7 FHIR standard and API integration to ensure data fluidity between various healthcare systems. The sourcing and collection of clinical data involve identifying and assessing reliable data sources based on cost, coverage, and quality. A comprehensive inventory of data sources and metadata is maintained to facilitate informed decision-making. The workforce in this sector comprises management and marketing executives, responsible for fostering strategic partnerships with suppliers and overseeing the sophisticated inventory management system.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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