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North America Electronic Health Record Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Installation Type; Type; End User

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    Report

  • 127 Pages
  • July 2021
  • Region: North America
  • The Insight Partners
  • ID: 5416131
UP TO OFF until Jun 30th 2023
Cloud-based Segment has the Largest Share of Installation Type in the North America Electronic Health Record (EHR) Market during 2021-2028

According to a new market research study on “North America Electronic Health Record (EHR) Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Installation Type, Type, and End-user,” is expected to reach US$ 14,064.1 million by 2028 from US$ 10,236.8 million in 2021. The market is estimated to grow at a CAGR of 4.6% from 2021 to 2028. The report provides trends prevailing in the North America Electronic health record (EHR) market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the increasing adoption of Electronic Health Records (EHRs), rising incentives by federal government and growing incidences of medication errors are the key factors driving the market growth. However, the market is expected experiencing slow growth during the forecast period owing to the concerns regarding data privacy.

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.

The market for electronic health record (EHR) market is segmented into installation type, type, and End-user. Based on installation type, the electronic health record (EHR) market is segmented cloud-based and on-premise. In 2020, cloud-based segment accounted for the largest share of the market. Cloud-based solutions are cost-effective as cloud computing reduces the cost of managing and maintaining your IT systems. Cloud-based EHR offers flexibility and allows the user to access the data from any place. Also, developments by market players in this segment are likely to enhance the growth of the segment. For instance, in July 2020, Cerner launched a cloud-based EHR platform, CommunityWorks Foundations, which aims at reducing the costs of traditional EHR systems in rural and Critical Access Hospitals.

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 are among the leading companies in the North America Electronic health record (EHR) market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in March 2019, iKnowMed, McKesson’s oncology practice electronic health record (EHR) system, has been named the top ranked EHR platform for oncologists and hematologists for the eighth year in a row by Black Book Research.

The report segments the North America Electronic Health Record (EHR) market as follows:


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

Reasons to buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America electronic health record (EHR) market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America electronic health record (EHR) market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the electronic health record (EHR) market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Frequently Asked Questions about the North American Electronic Health Record Market

What is the estimated value of the North American Electronic Health Record Market?

The North American Electronic Health Record Market was estimated to be valued at $10236.8 Million in 2021.

What is the growth rate of the North American Electronic Health Record Market?

The growth rate of the North American Electronic Health Record Market is 4.6%, with an estimated value of $14064.1 Million by 2028.

What is the forecasted size of the North American Electronic Health Record Market?

The North American Electronic Health Record Market is estimated to be worth $14064.1 Million by 2028.

Who are the key companies in the North American Electronic Health Record Market?

Key companies in the North American Electronic Health Record Market include 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.

Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Electronic Health Record (EHR) Market - By Installation Type
1.3.2 Electronic Health Record (EHR) Market - By Type
1.3.3 Electronic Health Record (EHR) Market - By End User
1.3.4 North America Electronic Health Record (EHR) Market - By Country
2. North America Electronic Health Record (EHR) Market - Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Electronic Health Record (EHR) Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Electronic Health Record (EHR) Market - North America PEST Analysis
4.3 Expert Opinion
5. North America Electronic Health Record (EHR) Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption of Electronic Health Records (EHRs)
5.1.2 Rising Incentives by Federal Government
5.1.3 Growing Incidences of Medication Errors
5.2 Market Restraints
5.2.1 Concerns Regarding Data Privacy
5.2.2 Physician Burnout
5.3 Market Opportunities
5.3.1 Growing Healthcare IT industry in Emerging Economies
5.4 Future Trends
5.4.1 Combining EHR With Artificial Intelligence and Voice Recognition
5.5 Impact Analysis
6. Electronic Health Record (EHR) Market - North America Analysis
6.1 North America Electronic Health Record (EHR) Market Revenue Forecasts and Analysis
7. North America Electronic Health Record (EHR) Market Analysis and Forecasts To 2028 - By Installation Type
7.1 Overview
7.2 Electronic Health Record (EHR) Market Revenue Share, by Installation Type (2020 and 2028)
7.3 Cloud-Based
7.3.1 Overview
7.3.2 Cloud-Based: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (US$ Million)
7.4 On Premise
7.4.1 Overview
7.4.2 On Premise: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (US$ Million)
8. North America Electronic Health Record (EHR) Market Analysis and Forecasts To 2028 - By Type
8.1 Overview
8.2 Electronic Health Record (EHR) Market Revenue Share, by Type (2020 and 2028)
8.3 Acute EHR
8.3.1 Overview
8.3.2 Acute EHR: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Ambulatory EHR
8.4.1 Overview
8.4.2 Ambulatory EHR: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Post-Acute EHR
8.5.1 Overview
8.5.2 Post-Acute EHR: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (US$ Million)
9. North America Electronic Health Record (EHR) Market Analysis and Forecasts to 2028 - By End User
9.1 Overview
9.2 Electronic Health Record (EHR) Market, by End User, 2020 and 2028 (%)
9.3 Hospitals
9.3.1 Overview
9.3.2 Hospitals: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Pharmacies
9.4.1 Overview
9.4.2 Pharmacies: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Diagnostic and Imaging Centers
9.5.1 Overview
9.5.2 Diagnostic and Imaging Centers: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (US$ Million)
9.6 Ambulatory Care Centers
9.6.1 Overview
9.6.2 Ambulatory Care Centers: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (US$ Million)
10. Electronic Health Record (EHR) Market Revenue and Forecasts to 2028 - Geographical Analysis
10.1 North America: Electronic Health Record (EHR) Market
10.1.1 Overview
10.1.2 North America: Electronic Health Record (EHR) Market, by Country, 2020 & 2028 (%)
10.1.2.1 US: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (USD Million)
10.1.2.1.1 US: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (USD Million)
10.1.2.1.2 US: Electronic Health Record (EHR) Market, by Installation Type, 2019-2028 (USD Million)
10.1.2.1.3 US: Electronic Health Record (EHR) Market, by Type, 2019-2028 (USD Million)
10.1.2.1.4 US: Electronic Health Record (EHR) Market, by End User, 2019-2028 (USD Million)
10.1.2.2 Canada: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (USD Million)
10.1.2.2.1 Canada: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (USD Million)
10.1.2.2.2 Canada: Electronic Health Record (EHR) Market, by Installation Type, 2019-2028 (USD Million)
10.1.2.2.3 Canada: Electronic Health Record (EHR) Market, by Type, 2019-2028 (USD Million)
10.1.2.2.4 Canada: Electronic Health Record (EHR) Market, by End User, 2019-2028 (USD Million)
10.1.2.3 Mexico: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (USD Million)
10.1.2.3.1 Mexico: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (USD Million)
10.1.2.3.2 Mexico: Electronic Health Record (EHR) Market, by Installation Type, 2019-2028 (USD Million)
10.1.2.3.3 Mexico: Electronic Health Record (EHR) Market, by Type, 2019-2028 (USD Million)
10.1.2.3.4 Mexico: Electronic Health Record (EHR) Market, by End User, 2019-2028 (USD Million)
11. Impact Of COVID-19 Pandemic on North America Electronic Health Record (EHR) Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Growth Strategies Done by the Companies in the Market, (%)
12.3 Organic Developments
12.3.1 Overview
12.4 Inorganic Developments
12.4.1 Overview
13. COMPANY PROFILES
13.1 Cerner Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 McKESSON CORPORATION
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 NEXTGEN HEALTHCARE INFORMATION SYSTEM, LLC
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 eClinicalWorks
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 COMPUTER PROGRAMS AND SYSTEMS, INC.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 AdvancedMD, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 CureMD Healthcare
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Epic Systems Corporation
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Allscripts Healthcare, LLC
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Greenway Health, LLC
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About
14.2 Glossary of Terms
List of Tables
Table 1. US Electronic Health Record (EHR) Market, by Installation Type - Revenue and Forecast to 2028 (USD Million)
Table 2. US Electronic Health Record (EHR) Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 3. US Electronic Health Record (EHR) Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 4. Canada Electronic Health Record (EHR) Market, by Installation Type - Revenue and Forecast to 2028 (USD Million)
Table 5. Canada Electronic Health Record (EHR) Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 6. Canada Electronic Health Record (EHR) Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 7. Mexico Electronic Health Record (EHR) Market, by Installation Type - Revenue and Forecast to 2028 (USD Million)
Table 8. Mexico Electronic Health Record (EHR) Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 9. Mexico Electronic Health Record (EHR) Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 10. Organic Developments Done by Companies
Table 11. Inorganic Developments Done by Companies
Table 12. Glossary of Terms, Electronic Health Record (EHR) Market
List of Figures
Figure 1. Electronic Health Record (EHR) Market Segmentation
Figure 2. North America Electronic Health Record (EHR) Market Overview
Figure 3. Cloud-based Segment Held Largest Share of Installation Type in Electronic Health Record (EHR) Market
Figure 4. US is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Electronic Health Record (EHR) Market - North America PEST Analysis
Figure 6. Electronic Health Record (EHR) Market Impact Analysis of Driver and Restraints
Figure 7. North America Electronic Health Record (EHR) Market - Revenue Forecasts and Analysis - 2020 - 2028
Figure 8. Electronic Health Record (EHR) Market Revenue Share, by Installation Type (2020 and 2028)
Figure 9. Cloud-Based: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 10. On Premise: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. Electronic Health Record (EHR) Market Revenue Share, by Type (2020 and 2028)
Figure 12. Acute EHR: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. Ambulatory EHR: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. Post-Acute EHR: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. Electronic Health Record (EHR) Market, by End User, 2020 and 2028 (%)
Figure 16. Hospitals: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. Pharmacies: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 18. Diagnostic and Imaging Centers: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Ambulatory Care Centers: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Others: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America: Electronic Health Record (EHR) Market, by Key Country - Revenue (2020) (USD Million)
Figure 22. North America: Electronic Health Record (EHR) Market, by Country, 2020 & 2028 (%)
Figure 23. US: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (USD Million)
Figure 24. Canada: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (USD Million)
Figure 25. Mexico: Electronic Health Record (EHR) Market - Revenue and Forecast to 2028 (USD Million)
Figure 26. Impact of COVID-19 Pandemic in North American Country Markets
Figure 27. Growth Strategies Done by the Companies in the Market, (%)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Cerner Corporation
  • COMPUTER PROGRAMS AND SYSTEMS, INC.
  • Allscripts Healthcare Solutions, Inc.
  • McKesson Corporation
  • Epic Systems Corporation.
  • NextGen Healthcare
  • eClinicalWorks
  • Greenway Health
  • AdvancedMD, Inc.
  • CureMD Healthcare