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1026106

North America Electronic Health Record Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Installation Type ; Type ; End User

Published: | The Insight Partners | 127 Pages | Delivery time: 1-2 business days

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North America Electronic Health Record Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Installation Type ; Type ; End User
Published: July 6, 2021
The Insight Partners
Content info: 127 Pages
Delivery time: 1-2 business days
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  • Description
  • Table of Contents
Description

The electronic health record (EHR) market in North America is expected to grow from US$ 10,236.8 million in 2021 to US$ 14,064.1 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2021 to 2028. Private and Public financial incentives are affiliated as never before to encourage physicians to adopt EHR. To help in the transition, the government has also put billions into training health information technology workers and establishing regional extension centers to provide technical and other advice. For instance, in 2009, as part of the Health Information Technology for Economic and Clinical Health (HITECH) Act, the federal government set aside US$ 27 billion for an incentive program that inspires hospitals and providers to implement electronic health records systems. In addition, billions more were assigned to help train health information technology (HIT) workers and assist hospitals and providers in setting up EHRs that would enable the health data historically confiscated in paper files to be shared among providers and used to improve health care quality.

The Medicare Electronic Health Record Incentive Program is governed by the Centers for Medicare & Medicaid Services (CMS). At the same time, the Medicaid EHR Incentive Program is managed by the state Medicaid agencies. The Medicare and Medicaid EHR Incentive Programs offer incentives to physicians, hospitals, and other health care facilities for meaningful use of certified EHR technology in the US. An eligible professional or hospital can receive a maximum incentive amount of up to US$ 44,000 through the Medicare EHR Incentive Program and up to US$ 63,750 through the Medicaid EHR Incentive Program. This incentive program succeeded in encouraging many health care facilities to adopt EHR systems.

The market for electronic health record (EHR) market is segmented into installation type, type, and end user. Based on installation type, the electronic health record (EHR) market is segmented cloud-based and on-premise. In 2020, cloud-based segment accounted for a larger share of the market. Cloud-based solutions are cost-effective as cloud computing reduces the cost of managing and maintaining your IT systems. Cloud-based EHR offers flexibility and allows the user to access the data from any place. Also, developments by market players in this segment are likely to enhance the growth of the segment. For instance, in July 2020, Cerner launched a cloud-based EHR platform, CommunityWorks Foundations, which aims at reducing the costs of traditional EHR systems in rural and Critical Access Hospitals.

North American region is highly affected due to the outbreak of the COVID-19 pandemic. Countries such as the US and Canada reported the highest numbers of COVID-19 positive cases. The US-registered highest number of deaths due to the COVID-19 pandemic. The chaotic situation was created in the medical industry across the countries, increased demand for COVID diagnostics and therapeutics have dramatically increased in the hospitals. According to the Epic Health Research Network report of electronic health records, the average weekly screenings for breast, colon, and cervical cancers decreased by 94%, 86%, and 94% during January 20 - April 21, 2020 relative to the averages before January 20, 2020. Further IQVIA analysis concluded that oncology visits for newly diagnosed cancer patients began to increase in summer but had still not reached baseline in October. If oncology cases are missed or patients are diagnosed at end stages, it could result in long-term impacts on both health outcomes and costs. Similar patterns were observed for other serious and chronic diseases. The continued decrease in health services utilization, including preventive services, may result in more serious diagnoses and increased disease burden in the future. Therefore, it expected that the market for the electronic health record (EHR) would witness growth during the forecast period.

The overall North America electronic health record (EHR) market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the North America electronic health record (EHR) market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North America Electronic health record (EHR) market. Cerner Corporation, COMPUTER PROGRAMS AND SYSTEMS, INC., Allscripts Healthcare Solutions, Inc., McKesson Corporation, Epic Systems Corporation., NextGen Healthcare, eClinicalWorks, Greenway Health, AdvancedMD, Inc., and CureMD Healthcare are among a few players operating in the North America Electronic health record (EHR) market.

Reasons to Buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America electronic health record (EHR) market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America electronic health record (EHR) market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the electronic health record (EHR) market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
Product Code: TIPRE00023491

Table Of Contents

1. Introduction

  • 1.1 Scope of the Study
  • 1.2 The Insight Partners Research Report Guidance
  • 1.3 Market Segmentation
    • 1.3.1 Electronic Health Record (EHR) Market - By Installation Type
    • 1.3.2 Electronic Health Record (EHR) Market - By Type
    • 1.3.3 Electronic Health Record (EHR) Market - By End User
    • 1.3.4 North America Electronic Health Record (EHR) Market - By Country

2. North America Electronic Health Record (EHR) Market - Key Takeaways

3. Research Methodology

  • 3.1 Coverage
  • 3.2 Secondary Research
  • 3.3 Primary Research

4. North America Electronic Health Record (EHR) Market - Market Landscape

  • 4.1 Overview
  • 4.2 PEST Analysis
    • 4.2.1 Electronic Health Record (EHR) Market- North America PEST Analysis
  • 4.3 Expert Opinion

5. North America Electronic Health Record (EHR) Market - Key Market Dynamics

  • 5.1 Market Drivers
    • 5.1.1 Increasing Adoption of Electronic Health Records (EHRs)
    • 5.1.2 Rising Incentives by Federal Government
    • 5.1.3 Growing Incidences of Medication Errors
  • 5.2 Market Restraints
    • 5.2.1 Concerns Regarding Data Privacy
    • 5.2.2 Physician Burnout
  • 5.3 Market Opportunities
    • 5.3.1 Growing Healthcare IT industry in Emerging Economies
  • 5.4 Future Trends
    • 5.4.1 Combining EHR With Artificial Intelligence and Voice Recognition
  • 5.5 Impact Analysis

6. Electronic Health Record (EHR) Market - North America Analysis

  • 6.1 North America Electronic Health Record (EHR) Market Revenue Forecasts and Analysis

7. North America Electronic Health Record (EHR) Market Analysis and Forecasts To 2028 - By Installation Type

  • 7.1 Overview
  • 7.2 Electronic Health Record (EHR) Market Revenue Share, by Installation Type (2020 and 2028)
  • 7.3 Cloud-Based
    • 7.3.1 Overview
    • 7.3.2 Cloud-Based: Electronic Health Record (EHR) Market- Revenue and Forecast to 2028 (US$ Million)
  • 7.4 On Premise
    • 7.4.1 Overview
    • 7.4.2 On Premise: Electronic Health Record (EHR) Market- Revenue and Forecast to 2028 (US$ Million)

8. North America Electronic Health Record (EHR) Market Analysis and Forecasts To 2028 - By Type

  • 8.1 Overview
  • 8.2 Electronic Health Record (EHR) Market Revenue Share, by Type (2020 and 2028)
  • 8.3 Acute EHR
    • 8.3.1 Overview
    • 8.3.2 Acute EHR: Electronic Health Record (EHR) Market- Revenue and Forecast to 2028 (US$ Million)
  • 8.4 Ambulatory EHR
    • 8.4.1 Overview
    • 8.4.2 Ambulatory EHR: Electronic Health Record (EHR) Market- Revenue and Forecast to 2028 (US$ Million)
  • 8.5 Post-Acute EHR
    • 8.5.1 Overview
    • 8.5.2 Post-Acute EHR: Electronic Health Record (EHR) Market- Revenue and Forecast to 2028 (US$ Million)

9. North America Electronic Health Record (EHR) Market Analysis and Forecasts to 2028- By End User

  • 9.1 Overview
  • 9.2 Electronic Health Record (EHR) Market, by End User, 2020 and 2028 (%)
  • 9.3 Hospitals
    • 9.3.1 Overview
    • 9.3.2 Hospitals: Electronic Health Record (EHR) Market- Revenue and Forecast to 2028 (US$ Million)
  • 9.4 Pharmacies
    • 9.4.1 Overview
    • 9.4.2 Pharmacies: Electronic Health Record (EHR) Market- Revenue and Forecast to 2028 (US$ Million)
  • 9.5 Diagnostic and Imaging Centers
    • 9.5.1 Overview
    • 9.5.2 Diagnostic and Imaging Centers: Electronic Health Record (EHR) Market- Revenue and Forecast to 2028 (US$ Million)
  • 9.6 Ambulatory Care Centers
    • 9.6.1 Overview
    • 9.6.2 Ambulatory Care Centers: Electronic Health Record (EHR) Market- Revenue and Forecast to 2028 (US$ Million)
  • 9.7 Others
    • 9.7.1 Overview
    • 9.7.2 Others: Electronic Health Record (EHR) Market- Revenue and Forecast to 2028 (US$ Million)

10. Electronic Health Record (EHR) Market Revenue and Forecasts to 2028 - Geographical Analysis

  • 10.1 North America: Electronic Health Record (EHR) Market
    • 10.1.1 Overview
    • 10.1.2 North America: Electronic Health Record (EHR) Market, by Country, 2020 & 2028 (%)
      • 10.1.2.1 US: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (USD Million)
        • 10.1.2.1.1 US: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (USD Million)
        • 10.1.2.1.2 US: Electronic Health Record (EHR) Market, by Installation Type, 2019-2028 (USD Million)
        • 10.1.2.1.3 US: Electronic Health Record (EHR) Market, by Type, 2019-2028 (USD Million)
        • 10.1.2.1.4 US: Electronic Health Record (EHR) Market, by End User, 2019-2028 (USD Million)
      • 10.1.2.2 Canada: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (USD Million)
        • 10.1.2.2.1 Canada: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (USD Million)
        • 10.1.2.2.2 Canada: Electronic Health Record (EHR) Market, by Installation Type, 2019-2028 (USD Million)
        • 10.1.2.2.3 Canada: Electronic Health Record (EHR) Market, by Type, 2019-2028 (USD Million)
        • 10.1.2.2.4 Canada: Electronic Health Record (EHR) Market, by End User, 2019-2028 (USD Million)
      • 10.1.2.3 Mexico: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (USD Million)
        • 10.1.2.3.1 Mexico: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (USD Million)
        • 10.1.2.3.2 Mexico: Electronic Health Record (EHR) Market, by Installation Type, 2019-2028 (USD Million)
        • 10.1.2.3.3 Mexico: Electronic Health Record (EHR) Market, by Type, 2019-2028 (USD Million)
        • 10.1.2.3.4 Mexico: Electronic Health Record (EHR) Market, by End User, 2019-2028 (USD Million)

11. Impact Of COVID-19 Pandemic on North America Electronic Health Record (EHR) Market

  • 11.1 North America: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

  • 12.1 Overview
  • 12.2 Growth Strategies Done by the Companies in the Market, (%)
  • 12.3 Organic Developments
    • 12.3.1 Overview
  • 12.4 Inorganic Developments
    • 12.4.1 Overview

13. COMPANY PROFILES

  • 13.1 Cerner Corporation
    • 13.1.1 Key Facts
    • 13.1.2 Business Description
    • 13.1.3 Products and Services
    • 13.1.4 Financial Overview
    • 13.1.5 SWOT Analysis
    • 13.1.6 Key Developments
  • 13.2 McKESSON CORPORATION
    • 13.2.1 Key Facts
    • 13.2.2 Business Description
    • 13.2.3 Products and Services
    • 13.2.4 Financial Overview
    • 13.2.5 SWOT Analysis
    • 13.2.6 Key Developments
  • 13.3 NEXTGEN HEALTHCARE INFORMATION SYSTEM, LLC
    • 13.3.1 Key Facts
    • 13.3.2 Business Description
    • 13.3.3 Products and Services
    • 13.3.4 Financial Overview
    • 13.3.5 SWOT Analysis
    • 13.3.6 Key Developments
  • 13.4 eClinicalWorks
    • 13.4.1 Key Facts
    • 13.4.2 Business Description
    • 13.4.3 Products and Services
    • 13.4.4 Financial Overview
    • 13.4.5 SWOT Analysis
    • 13.4.6 Key Developments
  • 13.5 COMPUTER PROGRAMS AND SYSTEMS, INC.
    • 13.5.1 Key Facts
    • 13.5.2 Business Description
    • 13.5.3 Products and Services
    • 13.5.4 Financial Overview
    • 13.5.5 SWOT Analysis
    • 13.5.6 Key Developments
  • 13.6 AdvancedMD, Inc.
    • 13.6.1 Key Facts
    • 13.6.2 Business Description
    • 13.6.3 Products and Services
    • 13.6.4 Financial Overview
    • 13.6.5 SWOT Analysis
    • 13.6.6 Key Developments
  • 13.7 CureMD Healthcare
    • 13.7.1 Key Facts
    • 13.7.2 Business Description
    • 13.7.3 Products and Services
    • 13.7.4 Financial Overview
    • 13.7.5 SWOT Analysis
    • 13.7.6 Key Developments
  • 13.8 Epic Systems Corporation
    • 13.8.1 Key Facts
    • 13.8.2 Business Description
    • 13.8.3 Products and Services
    • 13.8.4 Financial Overview
    • 13.8.5 SWOT Analysis
    • 13.8.6 Key Developments
  • 13.9 Allscripts Healthcare, LLC
    • 13.9.1 Key Facts
    • 13.9.2 Business Description
    • 13.9.3 Products and Services
    • 13.9.4 Financial Overview
    • 13.9.5 SWOT Analysis
    • 13.9.6 Key Developments
  • 13.10 Greenway Health, LLC
    • 13.10.1 Key Facts
    • 13.10.2 Business Description
    • 13.10.3 Products and Services
    • 13.10.4 Financial Overview
    • 13.10.5 SWOT Analysis
    • 13.10.6 Key Developments

14. Appendix

  • 14.1 About the Insight Partners
  • 14.2 Glossary of Terms

List Of Tables

  • Table 1. US Electronic Health Record (EHR) Market, by Installation Type - Revenue and Forecast to 2028 (USD Million)
  • Table 2. US Electronic Health Record (EHR) Market, by Type - Revenue and Forecast to 2028 (USD Million)
  • Table 3. US Electronic Health Record (EHR) Market, by End User - Revenue and Forecast to 2028 (USD Million)
  • Table 4. Canada Electronic Health Record (EHR) Market, by Installation Type - Revenue and Forecast to 2028 (USD Million)
  • Table 5. Canada Electronic Health Record (EHR) Market, by Type - Revenue and Forecast to 2028 (USD Million)
  • Table 6. Canada Electronic Health Record (EHR) Market, by End User - Revenue and Forecast to 2028 (USD Million)
  • Table 7. Mexico Electronic Health Record (EHR) Market, by Installation Type - Revenue and Forecast to 2028 (USD Million)
  • Table 8. Mexico Electronic Health Record (EHR) Market, by Type - Revenue and Forecast to 2028 (USD Million)
  • Table 9. Mexico Electronic Health Record (EHR) Market, by End User - Revenue and Forecast to 2028 (USD Million)
  • Table 10. Organic Developments Done by Companies
  • Table 11. Inorganic Developments Done by Companies
  • Table 12. Glossary of Terms, Electronic Health Record (EHR) Market

List Of Figures

  • Figure 1. Electronic Health Record (EHR) Market Segmentation
  • Figure 2. North America Electronic Health Record (EHR) Market Overview
  • Figure 3. Cloud-based Segment Held Largest Share of Installation Type in Electronic Health Record (EHR) Market
  • Figure 4. US is Expected to Show Remarkable Growth During the Forecast Period
  • Figure 5. Electronic Health Record (EHR) Market - North America PEST Analysis
  • Figure 6. Electronic Health Record (EHR) Market Impact Analysis of Driver and Restraints
  • Figure 7. North America Electronic Health Record (EHR) Market - Revenue Forecasts and Analysis - 2020- 2028
  • Figure 8. Electronic Health Record (EHR) Market Revenue Share, by Installation Type (2020 and 2028)
  • Figure 9. Cloud-Based: Electronic Health Record (EHR) Market- Revenue and Forecast to 2028 (US$ Million)
  • Figure 10. On Premise: Electronic Health Record (EHR) Market- Revenue and Forecast to 2028 (US$ Million)
  • Figure 11. Electronic Health Record (EHR) Market Revenue Share, by Type (2020 and 2028)
  • Figure 12. Acute EHR: Electronic Health Record (EHR) Market- Revenue and Forecast to 2028 (US$ Million)
  • Figure 13. Ambulatory EHR: Electronic Health Record (EHR) Market- Revenue and Forecast to 2028 (US$ Million)
  • Figure 14. Post-Acute EHR: Electronic Health Record (EHR) Market- Revenue and Forecast to 2028 (US$ Million)
  • Figure 15. Electronic Health Record (EHR) Market, by End User, 2020 and 2028 (%)
  • Figure 16. Hospitals: Electronic Health Record (EHR) Market- Revenue and Forecast to 2028 (US$ Million)
  • Figure 17. Pharmacies: Electronic Health Record (EHR) Market- Revenue and Forecast to 2028 (US$ Million)
  • Figure 18. Diagnostic and Imaging Centers: Electronic Health Record (EHR) Market- Revenue and Forecast to 2028 (US$ Million)
  • Figure 19. Ambulatory Care Centers: Electronic Health Record (EHR) Market- Revenue and Forecast to 2028 (US$ Million)
  • Figure 20. Others: Electronic Health Record (EHR) Market- Revenue and Forecast to 2028 (US$ Million)
  • Figure 21. North America: Electronic Health Record (EHR) Market, by Key Country - Revenue (2020) (USD Million)
  • Figure 22. North America: Electronic Health Record (EHR) Market, by Country, 2020 & 2028 (%)
  • Figure 23. US: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (USD Million)
  • Figure 24. Canada: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (USD Million)
  • Figure 25. Mexico: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (USD Million)
  • Figure 26. Impact of COVID-19 Pandemic in North American Country Markets
  • Figure 27. Growth Strategies Done by the Companies in the Market, (%)