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The Electronic health record (EHR) market in North America is expected to grow from US$ 10,236.8 million in 2021 to US$ 14,064.1 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2021 to 2028.
The global healthcare landscape is rapidly evolving, driven by increasing consumer engagement and technological advancements, particularly in developing nations. Established healthcare brands and startups are expanding internationally, exemplified by the Cleveland Clinic's expansion into the UAE, leading to an internationalization of care. The COVID-19 pandemic significantly accelerated the adoption of digital health technologies, prioritizing remote monitoring solutions. Governments are actively promoting telemedicine, creating lucrative opportunities for the patient portal North America Electronic Health Record (EHR) Market in the coming years.
Understanding North America Electronic Health Record (EHR) Market
Electronic Health Records (EHRs) are digital versions of a patient's medical history. These patient-centered, real-time records ensure that authorized healthcare professionals can instantly and securely access crucial patient data. An EHR encompasses a comprehensive range of information, including medical history, medications, allergies, treatment plans, diagnoses, immunization dates, radiology images, and laboratory test results. The growing adoption of EHRs is expected to fuel substantial demand in the market, driving its overall growth.
COVID-19's Impact on the North America Electronic Health Record (EHR) Market
The North American region was severely affected by the COVID-19 pandemic, with the US and Canada reporting high numbers of cases and the US experiencing a significant number of deaths. This created a chaotic situation in the medical industry, leading to a dramatic surge in demand for COVID-19 diagnostics and therapeutics in hospitals.
The pandemic also significantly impacted the utilization of other healthcare services. According to an Epic Health Research Network report, weekly screenings for breast, colon, and cervical cancers decreased by 94%, 86%, and 94% respectively between January 20 and April 21, 2020, compared to pre-pandemic averages. While oncology visits for newly diagnosed cancer patients began to recover in the summer, they had not reached baseline levels by October, as per IQVIA analysis. Missed diagnoses or late-stage diagnoses could have long-term implications for both health outcomes and costs. Similar patterns were observed for other serious and chronic diseases.
The sustained decrease in health service utilization, including preventive services, is anticipated to lead to more serious diagnoses and an increased disease burden in the future. Consequently, the market for North America Electronic Health Record (EHR) Market is expected to witness considerable growth during the forecast period as healthcare systems adapt to these shifts and prioritize comprehensive digital record-keeping.
North America Electronic Health Record (Ehr) Market Segmentation
North America Electronic Health Record (EHR) Market By Installation Type
Cloud-Based
On-Premise
North America Electronic Health Record (EHR) Market By Type
Acute EHR
Ambulatory EHR
Post-Acute HER
North America Electronic Health Record (EHR) Market By End User
Hospitals
Diagnostic and Imaging Centers
Ambulatory Care Centers
Pharmacies
Other
North America Electronic Health Record (EHR) Market By Country
North America
US
Canada
Mexico
North America Electronic Health Record (EHR) Market Companies Mentioned
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
North America Electronic Health Record (EHR) Market Strategic Insights
Strategic insights for the North America Electronic Health Record (EHR) Market 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.
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About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
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