Increasing patient pool is compelling investments in automated workflows to streamline healthcare service delivery
Increasing patient pool is compelling investments in automated workflows to streamline healthcare service delivery
Fact.MR Rockville, MD: Fact.MR’s ongoing global clinical EHR systems market study forecasts a strong growth trajectory for the FY 2021-22, building upon the already prevailing upward trend since 2020 in the midst of heavy reliance on digital platforms to cope with the coronavirus pandemic crisis. Future adoption is only expected to incline, ushering in a healthy growth pattern through 2031.
According to the World Health Organization, global healthcare spending is banking on a massive transition, with a dramatic increase in out-of-pocket and public domestic expenditure. As of 2017, global healthcare expenditure reached US$ 7.8 trillion, accounting for a tenth of the global GDP. As the sector continues expanding, demand for automating workflows is acquiring importance, thus accentuating the need for incorporating advanced clinical EHR systems.
Prominent service providers are thus introducing a plethora of sophisticated software. For instance, Google, Enlitic and other start-ups are developing AI-derived image interpretation algorithms, while Jvion offers an interface which swiftly identifies high risk patients and those most likely to respond to treatment protocols. These systems are integrated into EHRs to provide decision support.
“Expanding workflows attributed to increasing patient hospitalizations for various ailments is prompting hospitals and clinics to transition from a highly conventional and rigid health record maintenance system towards easier and flexible platforms, heightening demand for various clinical EHR systems,” says the Fact.MR analyst.
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Key Takeaways from Fact.MR’s Clinical EHR Systems Market Study
- Demand for clinical EHR software to accelerate amid growing demand to streamline clinical data collection processes
- Hospitals to remain primary clinical EHR systems end-users on the back of high patient inflow
- US to remain a highly lucrative market across North America, with over eight out of ten hospitals deploying clinical EHR systems
- Drive for maintaining ‘paperless health records’ initiated by the National Health Service to broaden growth prospects across the UK
- Germany to witness extensive deployment across 2021, fueled by The Appointment Service and Supply Act directive to provide policyholders with EHRs
- Extensive digitalization of healthcare to widen expansion prospects across France
- Manufacturers seek to deepen penetrations across the Chinese and Indian markets, attributed to heavy patient inflow across healthcare settings
Clinical EHR Systems Market- Prominent Drivers
- Deepening technological penetration and growing need for process automation has widened the clinical EHR systems market scope
- Introduction of sophisticated AI programs to streamline data extraction and designing predictive algorithms to pave way for enhanced adoption
- Development of portable EHR systems to generate substantial growth opportunities
Clinical EHR Systems Market- Key Restraints
- Frequent technological advancements requires organizations to repeatedly update existing frameworks, leading to high costs
- Concerns over security breach amid a cyberattack may prove to be a significant hindrance
Discover more about the clinical EHR market with figures, data tables and the table of contents. You will also find detailed market segmentation on https://www.factmr.com/report/2713/clinical-ehr-systems-market
Competitive Landscape
Prominent clinical EHR systems manufacturers profiled by Fact.MR include Epic Systems Corporation, Greenway Health, McKesson Corporation, General Electric, Allscripts, eClinical Works, QSI Management, Cerner Corporation, NextGen Healthcare, Cantata Health and Intersystems Corporation among others. These players are largely focused on offering the latest EHR solutions, equipped with the most recent software.
In October 2020, the Children’s Wisconsin Hospital extended the Epic Systems Corporation’s EHR maintenance system to keep better track of patients’ vitals and medications along with a host of other requirements. The system was integrated into the hospital’s surge facility to better manage COVID-19 patients no longer in need of hospitalization.
In January 2021, Allscripts announced that the Gippsland Health Alliance (GHA) announced the expansion of its SunriseTM EHR for the implementation of the Sunrise Emergency Care module at the emergency department of the Central Gippsland Health Service and the Bairnsdale Regional Health Service, thereby expanding the company’s Australian market.
More Insights on the Clinical EHR Systems Market Report
In its latest report, Fact.MR offers unbiased analysis of the global clinical EHR systems market. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (software & hardware) and end user (clinics, pharmacies, hospitals and others) across seven regions (North America, Latin America, Western Europe, Eastern Europe, Japan, APEJ and Middle East & Africa)
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