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Market Synopsis of Electronic Health Records Market:
The global electronic health records (EHR) systems market was valued at $20,961.2 million in 2014 and it is expected to grow at a CAGR of 6.2% during the period 2015 - 2020. The global EHR systems market is increasing due to growing demand for better healthcare facilities. Older people are more prone to diseases, due to less regenerative abilities and thus, require better healthcare facilities. Increase in geriatric population worldwide is resulting in growth of global EHR systems market. In addition, with the increase in chronic disease cases, the need for better healthcare facilities is increasing, which is resulting in increased demand for EHR systems.
Based on delivery mode, the web based/cloud based market is expected to witness higher growth (7.6% CAGR) compared to client based server, during the forecast period (2015-2020). Among the end users, the hospital EHR systems led the global EHR systems market in 2014 with the larger market size.
Regional Analysis of Electronic Health Records Market:
However, certain restraints such as high maintenance and service expenses for EHR systems and lack of security and privacy are hindering the market growth. In addition, lack of skilled professionals for efficient handling of the EHR systems also restrains the market. The increasing awareness about EHRs and improving healthcare facilities in developing countries, such as China, India, and Brazil, are laying significant opportunities for EHR systems market. Asia-Pacific EHR systems market is expected to witness the fastest growth (CAGR 7.1%) globally during the period 2015 – 2020.
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Key players :
The key companies operating in the global EHR systems market include eClinicalWorks, McKesson Corporation, Cerner Corporation, Allscripts, GE Healthcare, athenahealth Inc, Epic Systems Corporation, MEDITECH, Quality Systems Inc. and Healthland.