North America Electronic Health Record (EHR) Market  Business Prospects by Forecast to 2028

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.

Health systems globally are experiencing increased consumer engagement, particularly in developing nations where technology adoption is accelerating. This trend is coupled with an internationalization of care, as established healthcare brands and start-ups expand their reach across borders. The expansion of the US-based Cleveland Clinic into the UAE exemplifies this. Furthermore, the COVID-19 pandemic has significantly accelerated the adoption of digital health technologies worldwide, with remote monitoring solutions becoming a priority. Governments in various regions are actively promoting telemedicine, creating substantial opportunities for the patient portal North America Electronic health record (EHR) market in the coming years.

North America Electronic health record (EHR) market Introduction

An Electronic Health Record (EHR) is a digital, patient-centric, and real-time repository of a patient's medical information. It provides authorized healthcare professionals with instant and secure access to crucial data, including medical history, medications, allergies, treatment plans, diagnoses, immunization records, radiology images, and laboratory results. The increasing adoption of EHRs is projected to generate significant demand for these systems, thereby driving the growth of the North America Electronic health record (EHR) market.

The North American region was severely impacted by the COVID-19 pandemic, with the US and Canada reporting high numbers of positive cases and the US experiencing the highest number of deaths. This chaotic situation within the medical industry led to a surge in demand for COVID-19 diagnostics and therapeutics in hospitals. Data from the Epic Health Research Network on electronic health records indicated a dramatic decrease in average weekly screenings for breast (94%), colon (86%), and cervical (94%) cancers between January 20 and April 21, 2020, compared to pre-pandemic averages. IQVIA analysis further revealed that while oncology visits for newly diagnosed cancer patients began to recover in the summer, they had not returned to baseline levels by October. The delayed diagnosis or diagnosis at later stages of oncology cases could have long-term detrimental effects on health outcomes and healthcare costs. Similar patterns of reduced healthcare service utilization, including preventive care, were observed for other serious and chronic diseases. This continued decline may lead to more severe diagnoses and an increased burden of disease in the future. Consequently, the market for North America Electronic health record (EHR) market is anticipated to experience growth during the forecast period.

North America Electronic Health Record (EHR) Strategic Insights

Strategic insights for the North America Electronic health record (EHR) market offer a data-driven analysis of the industry's landscape, encompassing current trends, key market participants, and specific regional characteristics. These insights provide actionable recommendations that empower readers to differentiate themselves from competitors by identifying underserved market segments or developing unique value propositions. By leveraging data analytics, these insights enable industry players, including investors, manufacturers, and other stakeholders, to anticipate market shifts. Adopting a future-oriented perspective is crucial for stakeholders to proactively prepare for market changes and position themselves for sustained success within this dynamic region. Ultimately, effective strategic insights facilitate informed decision-making, driving profitability and enabling stakeholders to achieve their business objectives within the North America Electronic health record (EHR) market.

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

1. Cerner Corporation
2. COMPUTER PROGRAMS AND SYSTEMS, INC.
3. Allscripts Healthcare Solutions, Inc.
4. McKesson Corporation
5. Epic Systems Corporation.
6. NextGen Healthcare
7. eClinicalWorks
8. Greenway Health
9. AdvancedMD, Inc.
10. CureMD Healthcare

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Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights