Market Research Reports- Consulting Analysis Crystal Market Research Electronic Health Records Market by Type - Global | Page 2

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The key driving factors for the EHRs market are technological advancements in healthcare IT, rising need
to streamline different healthcare systems, and favorable government initiatives for adoption and
implementation of EHR systems. With EHRs, healthcare providers can give their patients complete and
accurate information regarding their medical evaluations. They can manage and schedule patient
appointments electronically and exchange e-mails with their patients. Moreover, quick communication
between providers and patients can aid in early identification of symptoms. However, the possible data
privacy and security issues associated with EHR systems can hamper the market growth.
Web-based EHR segment held a major share of the EHR market in 2016 owing to the associated benefits
of low-cost installation and maintenance, favorable for small-scale hospitals, clinics, laboratories and
pharmacies. These systems eliminate the need for installing on-premise services in order to use the EHR
systems. The segment is expected to dominate the market throughout the forecast period while growing at
the fastest rate between 2016 and 2025.
Acute EHR segment held the majority share of EHR market in 2016 owing to the critical need of
gathering health related information of patients suffering from severe acute health conditions in order to
provide timely and relevant treatment. Post-acute EHR segment is expected to exhibit fastest growth over
the forecast period as EHR systems aid the healthcare providers to efficiently record and manage health
related information in case of patients requiring long-term care and observation.
Hospitals segment dominated the EHR market in terms of end users owing to the increasing adoption of
EHR systems by hospitals to integrate and manage health information of their patients, thus favorably
facilitating streamlining of the clinical workflow. Ambulatory care settings segment is projected to
witness fastest growth throughout the forecast period as EHR systems facilitate the recording and
management of information related to applicable reimbursements for patients undergoing ambulatory
surgical procedures and treatments.
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U.S. dominated the North American EHR market in 2016 owing to the presence of favorable legislations
related to the promotion of IT in healthcare such as the Health Information Technology for Economic and
Clinical Health (HITECH) Act of 2009 and other favorable initiatives leading to large scale adoption of
EHR systems by healthcare institutions in the country. Emerging economies such as China and India are
expected to show significant increase in the adoption of EHR systems as a result of rising healthcare
expenditure in these countries facilitated by favorable economic growth.