PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1087074
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1087074
The UK EMR market is projected to witness a compound annual growth rate of 9.85% to grow to US$1,999.210 million by 2027, from US$1,035.986 million in 2020.
The market is expected to surge in the coming years due to the increasing and rapid digitization of the UK's healthcare sector. Increasing government funding also plays an imperative role in market growth. The National Health Service in the country has committed to making patient records paperless by 2020. The National Health Service (NHS) has been holding patient information and data in various settings, both in electronic and paper form. Electronic records in the country have been stored by hospitals, GPs, mental health providers, and others. The United Kingdom, Wales, Scotland, and Northern Ireland have made significant gains and progress to enable the sharing of electronic medical and health records. In 2012, the Department of Health in the country stated that over the next decade, electronic health and medical records could save around 6.3 billion pounds. The department had stated that major savings would be patients' time and fewer medical errors, and enhanced quality of life.
Increasing digitization in the healthcare sector
The market is expected to surge in the coming years due to the increasing digitization in the country's healthcare sector. According to several official surveys, there has been a general citizen's support for increasing and enhancing information sharing and efficiency that the electronic medical and health records offer. Despite the hindrances faced by previously NHS technology projects, the public and patients support the development and implementation of digitization in the healthcare sector by integrating electronic health records for healthcare planning, policy, provision, and research. To support the digitization of healthcare in the country, the National Health Service has been providing several schemes. The schemes have also been introduced for the support of electronic records. Cerner has been providing electronic health records and services to its customers in the country. The company believes in a patient-centered and integrated system, where the information flows easily across the country's health economy. The company enables and allows for digitized, safe patient care across healthcare facilities in the country.
COVID-19 Impact
Major companies have been making significant development in the market. For instance, Wellbeing Software, a Citadel Group Company, has been offering a pathway to complete and comprehensive electronic health records by visualizing, digitizing, transmitting, and managing patient information to reach the proper healthcare and medical practitioner. The company has stated that they have a presence in over 80% of NHS organizations.
The government of the UK had chosen the government-driven, top-down approach, known as "a nationwide implementation of EHRs, which is also called as NHS Care Records Service and has been the cornerstone of its 12.7 billion sterling National Program for Information Technology. According to the House of Parliament, the government had a target to introduce a comprehensive and complete system of EHR in England by 2020. The HER would be managed by the National Information Board, NHS England, and the HSDIC. These organizations had been developing and forming national standards for electronic health and medical records. The government had also allowed local areas to choose and manage their systems.
Key Market Segments
Client-server based
Web-based
Hospitals
Ambulatory Care
Physicians Lab
Laboratories
Pharmacies
Licensed Software
Technology Resale
Subscriptions
Professional Services
Others