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Growth Opportunities from the Evolution of Electronic Health Record (EHR) in Europe, Forecast to 2024

  • Report

  • 121 Pages
  • February 2020
  • Region: Europe
  • Frost & Sullivan
  • ID: 5004246

Actionable Strategies and Tactics to Accelerate Growth in a Transforming Market

The healthcare IT landscape is witnessing rapid transformation as governments focus more on value-based care and preventive health programs to reduce the overall economic burden on health systems, along with increased efficiency in managing increasing patient populations. The basic Electronic Medical Record (EMR) is evolving into a more comprehensive Electronic Health Record (EHR). The EMR, which primarily records and stores the summary of every physician-patient encounter, is becoming a longitudinal and comprehensive record that stores information from various sources, such as portals, wearables, and devices. This EHR, along with interoperability frameworks, cloud computing, data analytics, and security solutions, forms the basic architecture of upcoming healthcare concepts, such as population health management, care coordination, and patient engagement.

Healthcare authorities and governments across Europe have gradually come to terms that EHR is imperative for achieving value-based care and implementation is not a one-time process and requires a continuously evolving strategy to keep pace with market developments. Initiatives by government and regional healthcare authorities for paperless documentation are favoring the adoption of EHR across Europe, which is further augmented by Europe’s eHealth policies and digital agenda. As a result, the current EHR strategy in Europe is more collaborative and focused on integrated care with specific attention given to interoperability and cross-border healthcare.

The key competencies of global companies trying to gain a foothold in Europe are scalable solutions and several years of experience in a variety of healthcare IT applications. Europe-based vendors benefit from an in-depth understanding of cultural, regulatory, and operational aspects of the regional market on which they are focused. Until now, failure of healthcare IT initiatives, slipping timelines to execution, and revamping of contracts have resulted in EHR vendors updating their market strategies in Europe. However, their focus on data security, data analytics, chronic disease management, personalized care, and clinical decision support will drive stronger uptake among hospitals and health systems.

The rapid care transformation and digitization comes with a paradigm shift in the entire care and tech ecosystem. Business models and strategies of participants are undergoing a change, and new participants are emerging. It is imperative to stay abreast of these changes.

Research Highlights

This study focuses on clearing the air around the usage of the terms EHR and EMR and provides an insight into the maturity of EMR and the readiness of European countries to adopt a more comprehensive EHR. Growth opportunities for various healthcare stakeholders that can arise from the evolution of the EHR have also been highlighted.

Table of Contents

1. Executive Dashboard
  • Key Findings
  • Scope and Segmentation
  • Key Questions this Study will Answer
  • Market Engineering Measurements
  • CEO’s Perspective
  • Executive Summary - 3 Big Predictions
  • EMR Maturity in 10 European Countries - Summary
  • Readiness for the Evolution to an EHR
  • Purpose of this Experiential Study
  • 5 Step Process to Transformational Growth

2. Growth Environment - Market Overview
  • Market Background
  • Market Definitions
  • Market Segmentation
  • Drivers and Restraints

3. The Evolution of the EHR
  • The Evolution of EHR is Marked by the Transformation of an EMR Into a More Comprehensive Medical Record
  • The Complete Care Ecosystem Merging Into One Accessible Patient Record
  • Analysis of Key Product Features Required by Providers in EMR Solution
  • Evolution of the EMR to an EHR - New Applications and Care Models Emerge
  • Mega Trends Impacting Growth of EHR in Europe
  • An EHR is a Key Component of Upcoming Healthcare Concepts
  • Integrated Health Care - A Key Trend Across Europe for 2020 Driving Greater Uptake of EHR

4. Role of Key Stakeholders in the Evolution of the EHR
  • There is Something for Everyone
  • EHR/EMR and the Life Sciences Industry
  • EHR/EMR and the Medical Devices Industry
  • EMR/EHR and Public and Private Insurance Providers
  • EHR/EMR and the Healthcare Providers

5. Regulatory Impetus
  • The EU Impetus for its Member States to Proliferate EHR Usage and Interoperability

6. Revenue Forecasts
  • Market Assumptions
  • Market Engineering Measurements
  • Revenue Forecast
  • Revenue Forecast by Country/Region
  • Revenue Forecast Discussion
  • Segment-wise EMR Adoption Analysis

7. Vendor Ecosystem
  • EMR Vendor Landscape
  • Top Rated Vendors by Key Regions in Europe and UK
  • Building Blocks of a Robust EHR
  • Market Share Analysis
  • Competition Structure
  • Distribution Structure
  • Distribution Structure Discussion

8. Key Companies to Watch
  • Companies That are Setting Trends and are a part of the EMR Evolution in Europe
  • Cerner
  • Intersystems
  • Dedalus S.p.A
  • Better (Marand)
  • Top Competitors
  • Key Developments That Will Shape the EMR Market in the Future

9. EMR Maturity and EHR Readiness Analysis
  • EMR Maturity and EHR Readiness Index in Europe

10. Analysis
  • EMR Maturity in 10 European Countries
  • Readiness for the Evolution to an EHR

11. Country-Wise Scrutiny
  • Health System Snapshot - Denmark
  • Denmark
  • Health System Snapshot - Sweden
  • Sweden
  • Health System Snapshot - Estonia
  • Estonia
  • Health System Snapshot - UK
  • UK
  • Health System Snapshot - The Netherlands
  • The Netherlands
  • Health System Snapshot - Spain
  • Spain
  • Health System Snapshot - Germany
  • Germany
  • Health System Snapshot - Belgium
  • Belgium
  • Health System Snapshot - France
  • France
  • Health System Snapshot - Italy
  • Italy

12. Visioning Scenarios
  • Healthcare IT Product and Services Opportunities
  • Trends/Factors Impacting the Europe EHR Market
  • Top 5 Predictions for the EHR Market

13. Growth Pipeline
  • Levers for Growth

14. Vision and Strategy - Growth Opportunities
  • Five Growth Opportunities Critical for Future Strategy
  • Growth Opportunity 1 - Partnerships to Offer Integrated Care Technologies
  • Growth Opportunity 2 - Focus on Clinical Documentation Improvement with Incorporation of AI/ML into EHR Software
  • Growth Opportunity 3 - Growth for Device Connectivity Solutions
  • Growth Opportunity 4 - Population Health Management Support
  • Growth Opportunity 5 - Patient Access to Their EHRs
  • Strategic Imperatives for Success and Growth

15. Growth Opportunities Matrix
  • Identifying Your Company’s Growth Zone
  • Growth Opportunities 1-5 - Vision and Strategy
  • Growth Opportunities Matrix

16. Growth Strategy and Implementation
  • Prioritized Opportunities through Implementation
  • Legal Disclaimer

17. Appendix
  • List of Exhibits

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Better (Marand)
  • Cerner
  • Dedalus S.p.A
  • Intersystems