The research study on Latin America Electronic Health Records Market, recently released by Markntel Advisors comprises facts and information obtained from various legitimate sources to provide an explained and effortless interpretation of the future state of the market according to past data. Analysts at Markntel Advisors evaluated the obtained material and data, gaining insights and the working of the industry to provide the data in a systematic order along with the predictions and future insights presented to the shareholder based on the past evaluation.
Market Overview –
- Country Wise Market Dividation: Mexico Attained the Highest Market Share
The Latin America Electronic Health Records market is divided across Mexico, Brazil, Argentina, Colombia, Chile, Rest of Latin America countries. Of all the countries, Mexico attained the highest market share in the Latin America Electronic Health Record market during 2017-21, owing to the implementation of well-developed healthcare policies that encourage the adoption of EHR in private, public, and healthcare institutions as well as a growing inclination to promote an interoperable platform that allows the integration of data from existing & future EHR. Besides, the growing usage of ICT devices such as smartphones & wearables by patients to readily access the information from the system has fueled the demand for an EHR system that incorporates wearables, blockchain, and mobile technologies.
- Market Ongoing Trends: Rising Integration of AI in the Healthcare Industry for Efficient Patient Data Management
several advancements in medical imaging & the propagation of clinical diagnostics centers resulted in generating a huge amount of patient data. Therefore, AI-powered EHR systems help to integrate the data and offer numerous solutions with a variety of functionalities. Moreover, technologies such as AI, Machine learning, and Natural Language Processing (NLP) also help in recording the medical experiences of the patients and maintaining the large EHR data. Hence, the growing integration of AI in EHRs systems is expected to escalate the market growth during 2022-27.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR (2022-2027) | 8.12% |
| Countries Covered | Mexico, Brazil, Argentina, Colombia, Chile, Rest of Latin America |
| Key Companies Profiled | Mural Med, Allscripts Healthcare Solutions Inc., GE Healthcare, Cerner Corporation, Epic Systems Corporation, Greenway Health, McKesson Corporation, Modernizing Medicine, NextGen Healthcare, AdvancedMD, CureMD |
| Unit Denominations | USD Million/Billion |
- Covid-19 Impact Analysis
In 2020, the COVID-19 pandemic accelerated the growth of the Latin America Electronic Health Record market. The paradigm shifts within the medical facilities to rely on digital solutions for operational activities & reduce physical contact catalyzed the market growth of Latin America Electronic Health Record. Furthermore, in 2020 electronic health record systems were increasingly used for tracking patient data due to the rising number of COVID-19 patients in the region.
Moreover, the increasing investment in the healthcare sector due to the COVID-19 pandemic & the sudden surge in the adoption of digital technologies in the healthcare sector resulted in a surge in demand for Electronic Health Records systems in the region. Hence, this would significantly escalate the market growth during the forecast period.
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Further Significant Questions We Answered in Our Report –
- Who are the key participants in the industry, and how have they sculpted the market?
- What are the market players’ current strategies, business plans, and initiatives to continue their foothold in the industry and expand further?
- Which segment of the market is most profitable and why?
- What are the current trends that are driving the industry?
- What are the opportunities and obstacles in the growth of the market?
Report Table of Content
- Introduction
- Research Process
- Assumptions
- Product Definition
- Market Segmentation
- Executive Summary
- Impact of COVID-19 on Latin America Electronic Health Records Market
- Latin America Electronic Health Records Market Regulations & Policies
- Latin America Electronic Health Records Case Studies
- Latin America Electronic Health Records Porters Five Forces Model
- Latin America Electronic Health Records Market Trends & Insights
- Latin America Electronic Health Records Market Dynamics
- Drivers
- Challenges
- Latin America Electronic Health Records Market Hotspots & Opportunities
- Latin America Electronic Health Records Market Outlook, 2017-2027
Market Growth Driver and Upcoming Challenges –
- The Growing Government Support to Digitalize Healthcare Units
The government support for upgrading electronic health record services has increased via continuous investment for its expansion & digitalization of the healthcare industry. The framing of guidelines for the computerization of health records, application of 5G, cloud expansion, and others have also driven the demand for EHR in the region. Furthermore, digitization has been the initial development towards the modernization of the record system as a result of a resolution by the Federal Council of Medicine (CFM) in Brazil.
- High Cost & Lack of Affordable Systems in the Market
With the increasing use of EHR systems in clinical labs & administration applications, various EHR factors are responsible for hindering the market growth. Factors such as the lack of an affordable EHR system pose a prominent challenge to the Latin America Electronic Health Records Market. In addition, the lack of system availability especially in the countries such as Peru, Argentina, and Chile, is creating distress in the market for the adoption of the EHR system.
Industry Divisions and Distributions
By dividing and bifurcating the industry based on varying Segments, the reports help breaks down the market into sections to help shareholders point out their focus of attention and figure out the most profitable quarters.
The Latin America Electronic Health Records market is diversely fragmented and spread across various bifurcations. The report aims to categorize and systematically present the data in an organized, easy-to-interpret format by dividing the bifurcations into segments. Each segment is then further presented with historical data, market growth, expansion, technological advancement, and other factors affecting it. The prediction of its future growth depends on current trends and further development. The industry segmentations bifurcate across the following segments:
By Deployment
- On-premise
- Cloud
By Function
- Patient Management
- E-prescription
- Schedule Appointments
- Bill Payment
- Others (Referral Management, etc.)
By End Users
- Hospitals
- Clinics
- Specialty Centres
- Labs
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Examination of The Market’s Top Leaders
To explain the dominance of competitors and the market, the report provides the major moves, developments, acquisitions, launches, and more performed by the key players influencing the market. The prominent players profiled in the report include: –
- – Mural Med
- – Allscripts Healthcare Solutions Inc.
- – GE Healthcare
- – Cerner Corporation
- – Epic Systems Corporation
- – Greenway Health
- – McKesson Corporation
- – Modernizing Medicine
- – NextGen Healthcare
- – AdvancedMD
- – CureMD
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