During the last decade, there has been a significant increasing in the number of patients suffering from cancer, diabetes, heart disease, stroke among others which has increased the number of hospitals across the globe. According to the Center of Diseases Control and Prevention (2015), chronic diseases are responsible for 7 out of 10 deaths per year across the globe. The Global Acute Care EHR Market is majorly driven by the increasing number of inpatients, rising prevalence of chronic diseases, and increasing number of hospitals & ambulatory centers. The global acute care EHR market is expected to grow at a CAGR of ~7.0 % during the forecast period 2017-2023.
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The Electronic Health Record (EHR) is a longitudinal electronic record of patient health information including medication, past medical history, complications, patient demographics, progress notes, immunizations, vital signs, laboratory data and others. The acute care EHR differ slightly from the hospital and ambulatory EHR. The Acute Care EHR generates a patient information showing all clinical details, for operating room, emergency department, ICU, or any inpatient unit.
The increasing requirement of remote monitoring of geriatric patients has played a crucial role in creating demand for the improving healthcare facilities. Healthcare IT has helped in overcoming this problem and has improved the quality of treatment and also helped in the healthcare maintenance. Moreover, introduction of the advanced healthcare software and adoption of advanced devices & technology by healthcare has boosted the growth of the market. Due to the use of the advanced technology, the cost of the treatment is increased which is affecting the affordability of patients in the developing countries. High cost of the devices and treatment may slow the growth of the market.
Key Players of Acute Care EHR Market:
Some of key the players in the market are Cerner Corporation (Siemens) (U.S.), Allscript (U.S.), Healthland (U.S.), Medhost (U.S.), McKesson Corporation (U.S.), Evident (CPSI) (U.S.), Epic Systems Corporation (U.S.), Meditech (U.S.), Athenahealth (RazorInsights) (U.S.), General Electric Company (U.S.), IBM (U.S.), Vitera Healthcare Solutions (U.S.), and eClinicalWorks (U.S.)
The Americas dominate the Global Acute Care EHR Industry owing to the increasing number of hospitals ambulatory centers, presence of huge patient population and well developed technology. The hospital and clinics are able to afford the cost of the devices as these are funded by several sources: the public sector, charities, health insurance companies, health organizations of all kinds, etc. Additionally, the people in this region are able to afford high cost of treatment on account of higher per capita income in this region. Rapidly increasing patient population, governments have started supporting the manufacturers for the development of new and better devices which has driven the growth of the market. Moreover, well developed technology, high healthcare expenditure, and huge geriatric population have fuelled the growth of the market in this region.
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Europe commands the second largest market for acute care EHR which is followed by Asia Pacific. Availability of funds, strong government support, and increasing need for the better management devices & platform drive the growth of the market in Europe. Western Europe holds a major share of the market due to the presence of well developed economies. U.K, Germany and France are the major contributors of the market.
Asia Pacific is the fastest growing acute care EHR market owing to the increasing number of patients suffering from chronic diseases and rapidly increasing number of hospitals & clinics. Additionally, rapidly growing economies and increasing healthcare expenditure will fuel the growth of the market. On the other hand, the Middle East & Africa hold the least share of the market owing to less availability of funds, limited availability of medical facilities, and poor political conditions in Africa.
- Report Prologue
- Market Introduction
- Research Methodology
- Market Dynamics
- Market Factor Analysis
- Global Acute Care EHR Market, by Deployment
- Global Acute Care EHR Market, by Application
- Global Acute Care EHR Market, by End User
- Global Acute Care EHR Market, by Region
- Company Landscape
- Company Profiles
- MRFR Conclusion
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