Electronic Health Records (EHR) Market to Garner $33.3 Bn, Globally, by 2023 at 5.0% CAGR

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Hospital segment to maintain its lion's share by 2023

Based on end user, the hospital segment accounted for more than two-fifths of the total share in 2017, and is expected to maintain its lion's share throughout the forecast period. This is due to increase in adoption with the enforcement of Health Information Technology for Economic and Clinical Health (HITECH) Act for promotion of meaningful usage of healthcare IT. Contrarily, the specialty centers segment would grow at the fastest rate with a CAGR of 5.9% from 2017 to 2023.

North America to lead in terms of revenue during the forecast period

Based on regions, North America accounted for nearly half of the total market share of the global electronic health records market in 2017, and is expected to maintain its leadership status in terms of revenue by 2023. This is attributed to focus of government bodies on rolling down operational costs of healthcare facilities. However, Asia-Pacific region would portray the highest CAGR of 6.5% from 2017 to 2023, owing to large patient population and surge in demand for better healthcare services.

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Leading players of the industry

The leading market players discussed in the report are Cerner Corporation, AdvancedMD, Inc., CureMD Corporation, Allscripts Healthcare Solutions, Inc., Epic Systems Corporation, Computer Programs and Systems, Inc., Greenway Health, LLC, eClinicalWorks, General Electric Company, and Quality Systems, Inc.

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