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

Cloud-based Segment has the Largest Share of Installation Type in the Europe Electronic Health Record (EHR) Market during 2021-2028.

According to a new market research study on “Europe 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$ 3,167.6 million by 2028 from US$ 2,187.4 million in 2021. The market is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The report provides trends prevailing in the Europe 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.

The impact of the COVID-19 pandemic in the European region has slightly affected the healthcare industry. The healthcare IT sector also experienced negative effects in particular during the first COVID-19 wave. Supply chains were disrupted, slowed down and further stopped the production. Some of the healthcare IT companies operating in EHR market have witnessed revenue loss. For instance, Finland based TietoEVRY, in Quarter 4, 2020 witnessed a decline in overall revenues by 8.5% (versus Quarter 42019) due to the impact of COVID-19. The European countries such as Italy and Spain were the first to report drastically increasing numbers of COVID-positive patients. Perhaps other European countries such as the UK, France, and Germany have also significantly started reporting COVID positive patients. In this region, the healthcare industry is also making shifts to adopt new, safer hospital practices in response to Covid-19. Since physical contact and proximity present such risks, hospitals are turning to various digital tools to meet their care priorities, such as risk reduction and better resource utilization. For instance, Companies like Germany’s Klara are working to put these digital tools at the center of doctor-patient communication all across Europe. 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. and NextGen Healthcare are among the leading companies in the Europe 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 Europe 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

• Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Reasons to buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe 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 Europe 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 Europe 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