The global electronic health records market was valued at USD 25.4 billion in 2018 and the market size is predicted to grow at a CAGR of 6.2% during the forecast period. The EHR market provides healthcare facility by web-based/cloud-based and client-based server mode of delivery options. Among the available categories, the web-based mode of delivery is high in demand, with a market share of more than 50% in the EHR market, globally.

Electronic health records, more commonly known as EHR are digitalized collection of patient’s health records. This EHR is used by healthcare providers to analyze the clinical information and facilitate suitable healthcare options.

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Incorporation of HCIT will control the rising healthcare spending, and will also provide efficacy in healthcare facilities. The developing economies are increasing their healthcare expenditure for proper development and management of healthcare infrastructure. This provides ample opportunities for market players to invest and expand their presence in these nations, thereby will drive the growth of the global EHR market.

North America is the largest EHR market, due to factors such as rise in the adoption rate of EHR, incorporation of HCIT in healthcare, the presence of several major players in the region. The government is also focused on to reduce the rising healthcare cost expense that will further drive the growth of the market in the region.

Moreover, the EHR industry is expected to witness high demand registering the fastest CAGR of 7.5% in Asia-Pacific, during the forecast period. Factors such need for the value-based healthcare system and the increasing geriatric population with the subsequent rise in prevalence of chronic diseases are also expected to drive the growth of the electronic health records market in Asia-Pacific. The government initiative to develop and maintain healthcare infrastructure, increasing healthcare expenditure as a percentage of the GDP are also key driving forces for the growth of the EHR market in Asia-Pacific.

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In October 2017, GE Healthcare received Carequality certification to enable seamless data sharing by its ambulatory EHR customers with thousands of hospitals, physician practices, payer networks, vendors and consumer services nationally. Also, In January 2017, Cerner Corporation announced the University of Missouri Health Care will extend Cerner’s HealtheIntent population health management platform across the Health Network of Missouri (HNM), which is a collaborative effort of six independent health care organizations that use different EHR systems.

Similarly, other leading players in the global electronic health records market are providing integrated solutions across organizations for the coordination and care management of patients.

Key players operating in the global EHR market include McKesson Corporation, Cerner Corporation, Epic Systems Corporation, NextGen Healthcare Information Systems, LLC, GE Healthcare, Greenway Health, LLC, eClinicalWorks, Athena health Inc., Quality Systems Inc., Medical Information Technology Inc., Computer Programs & Systems Inc.

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