The Americas to dominate the global EHR market through 2020

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EHR: Key market research findings

  • Rise in digital and connected healthcare technology spurs market growth
  • On-premise HER accounts for a majority share of the market’s revenue
  • Key vendors – Allscripts Healthcare Solutions, Cerner, CPSI, Epic Systems, and McKesson

Technavio’s market research analysts predict the global EHR market to grow at a CAGR of almost 6% between 2016 and 2020. The need for electronic health records (EHR) in the market is stimulated by the rise in digital and connected healthcare technologies. The connected healthcare solutions such as personal health record (PHR), EHR, telemedicine, and mobile-based health applications provides access to healthcare services from any distant location. During 2015, the Americas dominated the global EHR market by accounting for almost 53% of the overall market space. The increasing adoption of personalized healthcare systems and affordable healthcare systems is expected to boost growth in the EHR market in the Americas during the forecast period.

The new market research report from Technavio presents a breakdown and analysis of the HER segments based on the technology.

“Recently, there has been a significant rise in the adoption of predictive analysis. EHR solutions integrated with predictive analytics tools enable physicians to determine cardiac-related health conditions by analyzing and interpreting health data such as variations in the blood pressure and electrocardiogram (ECG) records. Predictive analytics technology integrated with EHR is becoming one of the emerging research areas in medical technology,” says Amit Sharma, Lead Analyst, ICT, Technavio Research.

The on-premise EHR segment dominated the global EHR market in 2015 with a market share of more than 64%. Hospitals and clinics subscribe to EHR software solutions by paying a licensing fee. Vendors in the market offer comprehensive software solutions to implement EHR systems in hospitals. Data security and privacy concerns pertaining to cloud-based EHR solutions is expected to stimulate an increase in the adoption of on-premise EHR in the coming years.

Allscripts Healthcare Solutions, Cerner, CPSI, Epic Systems, and McKesson are the prominent vendors in the global EHR market. The global EHR market is highly competitive owing to the presence of well-established players in the market. In this market, the major players are consistently investing in research to develop next-generation healthcare IT solutions. The established vendors are increasingly facing stiff competition from the new entrants that have the ability to offer cloud-based EHR solutions. The level of competition among the vendors is likely to intensify with increasing M&As and market consolidation.

A more detailed analysis is available in the Technavio report, Global EHR Market 2016-2020.

We can customize reports by other regions and specific segments upon request.

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