North America 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.

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.

North America Electronic Health Record (EHR) Strategic Insights

Strategic insights for the North America 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.

North America Electronic Health Record (EHR) Report Scope

North America Electronic Health Record (EHR) Regional Insights

The geographic scope of the North America 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 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. Health systems are experiencing growing consumer engagement worldwide. In developing countries, health systems are becoming more technologically friendly. These are experiencing an internationalization of care as established brands, as well as start-ups, are expanding their businesses. For instance, the US-based Cleveland Clinic is expanding its markets in the UAE. Also, COVID-19 has accelerated the use of digital health technologies globally. The pandemic has prioritized remote monitoring solutions. Governments in the region are promoting telemedicine, offering lucrative opportunities for the patient portal market in coming years.

Key Market Segments

In terms of installation type, the cloud-based segment accounted for the largest share of the North America electronic health record (EHR) market in 2020. In terms of type, the acute EHR segment accounted for the largest share of the North America 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 North America 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, Epic Systems Corporation., NextGen Healthcare, eClinicalWorks, Greenway Health, AdvancedMD, Inc., and CureMD Healthcare.

Reasons to buy report

• To understand the North America 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 North America electronic health record (EHR) market
• Efficiently plan M&A and partnership deals in North America 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 North America Electronic health record (EHR) market
• Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

NORTH AMERICA 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

• North America
  • US
  • Canada
  • Mexico

Companies Mentioned

1. Cerner Corporation
2. COMPUTER PROGRAMS AND SYSTEMS, INC.
3. Allscripts Healthcare Solutions, Inc.
4. McKesson Corporation
5. Epic Systems Corporation.
6. NextGen Healthcare
7. eClinicalWorks
8. Greenway Health
9. AdvancedMD, Inc.
10. CureMD Healthcare