Market Research Report
South and Central America Electronic Health Record Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Installation Type ; Type ; End User
|South and Central 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: 103 Pages
Delivery time: 1-2 business days
The electronic health record (EHR) market in South and Central America is expected to grow from US$ 458.6 million in 2021 to US$ 607.5 million by 2028; it is estimated to grow at a CAGR of 4.1% 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 adviceIn 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 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.
The outbreak of COVID-19 has severely impacted the flow of medical services in the region. Also, the countries are popular for medical tourism, which is also affected by the pandemic. Brazil, Argentina, Peru, Chile, Uruguay, Colombia is affected by the second wave of corona infection. Among which Brazil has registered most of the deaths. Moreover, countries are significantly dependent on the US and European countries for their medical resources. Thus, the region's market has experienced a significant slowdown and is expected to face the same in the following two to three years.
The overall South and Central 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 South and Central 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 South and Central America Electronic health record (EHR) market. Cerner Corporation, Allscripts Healthcare Solutions, Inc., McKesson Corporation, and Epic Systems Corporation. are among a few players operating in the South and Central America Electronic health record (EHR) market.