South and Central 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.

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 are affected by the second wave of corona infection. Among which Brazil has registered the majority 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.

South and Central America Electronic Health Record (EHR) Strategic Insights

Strategic insights for the South and Central 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.

South and Central America Electronic Health Record (EHR) Report Scope

South and Central America Electronic Health Record (EHR) Regional Insights

The geographic scope of the South and Central 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 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. Increasing adoption of the patient-centric approach by healthcare payers and rising demand for electronic health records (EHRs) are contributing to the market growth. EHRs are becoming increasingly popular as the digitization of the healthcare industry is growing at a significant rate. According to Definitive Healthcare data from 2020, more than 89% of all hospitals have implemented inpatient or ambulatory EHR systems. Further, as per the World Health Organization (WHO), more than 50% of upper-middle- and high-income countries have adopted national EHR systems. Governments worldwide are focusing on laying down the standards, regulations, and infrastructure for maintaining health records, which is increasing the demand for patient portals. With the facts and statistics stated above, it is evident that the EHRs adoption rate is expected to improve during the forecast period.

Key Market Segments

In terms of installation type, the cloud-based segment accounted for the largest share of the South and Central America electronic health record (EHR) market in 2020. In terms of type, the acute EHR segment accounted for the largest share of the South and Central 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 South and Central 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, Allscripts Healthcare Solutions, Inc., McKesson Corporation, and Epic Systems Corporation.

Reasons to buy report

• To understand the South and Central America electronic health record (EHR) market landscape and identify market segments that are most likely to guarantee a strong return
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• Efficiently plan M&A and partnership deals in South and Central 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 South and Central America Electronic health record (EHR) market
• Obtain market revenue forecast for market by various segments from 2021-2028 in South and Central America region.

SOUTH AND CENTRAL 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

• South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America

Companies Mentioned

1. Cerner Corporation
2. Allscripts Healthcare Solutions, Inc.
3. McKesson Corporation
4. Epic Systems Corporation.