The Global Acute Care EHR Market is expected to grow at a CAGR of ~ 7.0 % during the forecast period 2017-2023.
Acute Care EHR Market Highlights:
Acute care EHR is totally different from ambulatory EHR. Acute care EHR generates and gather the information about the patient’s overall health, medication and others. During last few years, healthcare IT has gained a significant importance as the adoption of these software solutions has minimized and simplified the treatment and management process. According to the WHO, 422 million of the people across the globe are suffering from the diabetes. With the help of these software the management of these diseases became easy. Increasing prevalence of chronic diseases, increasing number of hospitals, and well developed technology has driven the growth of the market. Additionally, increasing adoption of the software solution by hospital, and high healthcare spending will fuel the market growth. However, high cost of treatment and devices may hinder the growth of the market over the assessment period.
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Acute Care EHR Market Key Players:
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.).
Acute Care EHR Market Segmentation:
The global acute care EHR market is segmented on the basis of deployment, application, and end users.
On the basis of deployment, the market is segmented into On-Premises based, Cloud-based.
On the basis of application, the market is segmented into personal care, pharmaceuticals, and others.
On the basis of end users, the market is segmented into hospital, ambulatory care and others.
Global Acute Care EHR Market Regional Analysis
The Americas command a major share of the market owing to the large patient population, increasing number of hospitals, and strong government support for research & development. Additionally, availability of funds and rising geriatric population will fuel the growth of the market.
Europe accounts for the second largest market across the globe, which is followed by Asia Pacific. Strong government support, availability of funds for research and high healthcare expenditure drives the growth of the market. Asia Pacific is the fastest growing market. China, and India are the key contributors to the market growth due to presence of huge population base, increasing prevalence chronic diseases, rapidly growing economy, and increasing healthcare expenditure. Additionally, increasing government support, and presence of huge opportunity have fuelled the growth of the market in Asia Pacific.
The Middle East & Africa holds the least share of the global market due to limited availability of medical facilities and poor economic condition in the African region. The Middle East holds the major share in the market owing to a well-developed economy. Whereas, Africa region is expecting a healthy growth due to the presence of huge opportunity in the market growth.
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