Asia Pacific Electronic Health Record (EHR) Market

Market Introduction

Electronic health record (EHR) is a digital version of patient’s medical records. EHRs are patient-centred and real-time records, that make patient data available instantly and securely to authorized healthcare professionals. It contains patient's medical history, medications, allergies, treatment plans, diagnoses, immunization dates, radiology images, and laboratory test results.

Thus, an increasing adoption of Electronic Health Records (EHRs) is expected to create a significant demand for electronic health record (EHR) in the coming years, which is further anticipated to drive the electronic health record (EHR) market.

The origin of the COVID-19 pandemic is confirmed from China, and the outbreak has affected several countries across the world. Second medical opinion becomes a must as the Coronavirus outbreak grows and most countries face a complete lockdown. The outbreak of COVID-19 has caused a continuing global pandemic. Hospitals are integral to the control and prevention of COVID-19; however, they face numerous challenges during the epidemic. The ongoing healthcare crisis is rapidly is being witnessed in smaller towns and villages where people are dying due to lack of oxygen, hospital beds and lifesaving drugs, similar to urban areas. As per the ministry health data hundreds of thousands of children have missed vital immunizations, and thousands of adults may have missed life-saving medical treatments due to the novel coronavirus epidemic spread and the lockdown. This is likely to have negative impact in the Asia Pacific countries.

Asia Pacific Electronic Health Record (EHR) Strategic Insights

Strategic insights for the Asia Pacific Electronic Health Record (EHR) provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Electronic Health Record (EHR) Report Scope

Asia Pacific Electronic Health Record (EHR) Regional Insights

The geographic scope of the Asia Pacific Electronic Health Record (EHR) refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The Electronic health record (EHR) market in Asia Pacific is expected to grow from US$ 1,477.3 million in 2021 to US$ 2,245.1 million by 2028; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028. The most prevalent issue in the current healthcare sector is physical burnout. According to a research by National Center for Biotechnology Information, an estimated 50–60% of physicians have experienced burnout that resulted in lower patient satisfaction, reduced patient safety, and higher malpractice claims. EHRs contribute to the burnout of physicians because of their hard-to-understand user interface. In addition, there is a significant amount of time required to feed the data in EHR systems. Due to this, physicians do not get enough time to work on communication with patients. As a result, the quality of patient care is decreased, and physicians also experience more stress and lower job satisfaction. Moreover, in multiple instances, EHRs are also a financial burden on both the providers and practitioners, which might impede the market growth in the forecast period. However, Cerner has set out to make the physician experience more accessible with its new AI-integrated product launch.

Key Market Segments

In terms of installation type, the cloud-based segment accounted for the largest share of the Asia Pacific electronic health record (EHR) market in 2020. In terms of type, the acute EHR segment accounted for the largest share of the Asia Pacific electronic health record (EHR) market in 2020. In terms of end user, the hospitals segment held a larger market share of the electronic health record (EHR) market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the electronic health record (EHR) market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Cerner Corporation, COMPUTER PROGRAMS AND SYSTEMS, INC., Allscripts Healthcare Solutions, Inc., McKesson Corporation, and Epic Systems Corporation.

Reasons to buy report

• To understand the Asia Pacific electronic health record (EHR) market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific electronic health record (EHR) market
• Efficiently plan M&A and partnership deals in Asia Pacific Electronic health record (EHR) market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific Electronic health record (EHR) market
• Obtain market revenue forecast for market by various segments from 2021-2028 in Asia Pacific region.

ASIA PACIFIC ELECTRONIC HEALTH RECORD (EHR) MARKET SEGMENTATION

By Installation Type

• Cloud-Based
• On-Premise

By Type

• Acute EHR
• Ambulatory EHR
• Post-Acute HER

By End User

• Hospitals
• Diagnostic and Imaging Centers
• Ambulatory Care Centers
• Pharmacies
• Other

By Country

• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific

Companies Mentioned

1. Cerner Corporation
2. COMPUTER PROGRAMS AND SYSTEMS, INC.
3. Allscripts Healthcare Solutions, Inc.
4. McKesson Corporation
5. Epic Systems Corporation.