Connect with us

Technology

The Electronic Health Records Market is set to grow by USD 54.7 billion from 2024-2028, with the benefits of EHR driving adoption and boosting revenue. Report on how AI is reshaping the market landscape – Technavio

Published

2 months ago

on

NEW YORK, Nov. 15, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global electronic health records market  size is estimated to grow by USD 54.7 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 17.57%  during the forecast period. Benefits of ehr leading to rise in adoption is driving market growth, with a trend towards rising demand for self-medication and homecare medical devices. However, rising data security and privacy concerns  poses a challenge.Key market players include athenahealth Inc., CareCloud Inc., Computer Programs and Systems Inc., CureMD, Dedalus Group, Dell Technologies Inc., eClinicalWorks LLC, Epic Systems Corp., EverCommerce Inc., General Electric Co., Global Payments Inc., Greenway Health LLC, KareXpert Technologies Pvt. Ltd., McKesson Corp., MEDHOST, Medical Information Technology Inc., Oracle Corp., Siemens AG, Tebra Technologies Inc., and Veradigm LLC.

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Deployment (On-premises and Cloud-based), Component (Services, Software, and Hardware), and Geography (North America, Europe, Asia, and Rest of World (ROW))

Region Covered

North America, Europe, Asia, and Rest of World (ROW)

Key companies profiled

athenahealth Inc., CareCloud Inc., Computer Programs and Systems Inc., CureMD, Dedalus Group, Dell Technologies Inc., eClinicalWorks LLC, Epic Systems Corp., EverCommerce Inc., General Electric Co., Global Payments Inc., Greenway Health LLC, KareXpert Technologies Pvt. Ltd., McKesson Corp., MEDHOST, Medical Information Technology Inc., Oracle Corp., Siemens AG, Tebra Technologies Inc., and Veradigm LLC

Key Market Trends Fueling Growth

The Electronic Health Records (EHR) market is experiencing significant growth as healthcare providers shift from paper records to digital solutions. Hospitals and healthcare units are major adopters, with the professional services segment driving demand. Chronic diseases require extensive patient records, making digitalization essential. The acute and post-acute segments, including rehabilitation centers, benefit from EHRs’ efficiency. Doctors and pharmacies also use EHRs for patient health history, medicines, allergies, and immunization status. Web-based EHRs offer convenience, while Client server-based EHRs ensure data security. Advanced healthcare facilities utilize EHRs for clinical documentation, lab systems, radiology systems, and clinical applications. Healthcare financing, administrative applications, and healthcare financing are also managed through EHRs. EHR service providers leverage software technology, artificial intelligence, and cloud storage technology to offer advanced solutions. Geriatric population and diseases require specialized EHRs. Inpatient EHRs, ambulatory care, ambulatory surgical centers, and clinical trials also use EHRs for data storage and administrative data. Devices and drugs are integrated into EHR systems for seamless patient care. 

The UN projects that over half of the global population will be aged 65 and above by 2039, leading to significant growth in the healthcare sector, particularly in developed countries. In response, the industry is transitioning from diagnosis and treatment to prevention. This trend is also emerging in Asia and the Middle East, where population growth is most pronounced. The demand for remote healthcare, wireless treatments, and minimally invasive procedures is escalating. Healthcare providers are investing in home care, remote monitoring, telehealth, and self-monitoring solutions to cater to this preventive care focus. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

The Electronic Health Records (EHR) market is witnessing significant growth due to the digitalization of healthcare. However, challenges persist in various segments. In the professional services segment, integrating EHR systems across hospitals, healthcare units, rehabilitation centers, and clinics requires expertise. Chronic diseases demand efficient management of patient health history, medicines, allergies, and immunization status. Hospitals face challenges with paperwork, digitalization, and big data management in acute and post-acute segments. Doctors and physicians in ambulatory services need user-friendly Web-based EHR solutions for easy access to patient records. Pharmacies, laboratories, and clinics require seamless integration with EHR systems for efficient clinical documentation and administrative applications. EHR service providers must address the unique needs of advanced healthcare facilities, specialty centers, and geriatric population. Software technology, artificial intelligence, and cloud storage technology play crucial roles in addressing these challenges. Healthcare financing, drug development, and device integration are also essential considerations. Inpatient EHR, clinical trials, and administrative data management are key areas of focus.The electronic health records (EHR) market is experiencing significant growth due to the digitalization of healthcare workflows. However, this trend comes with concerns over privacy and data protection. With the integration of devices generating data into healthcare systems and the availability of data from hospitals and insurance companies in a centralized place, healthcare organizations and patient information are at risk of cyberattacks. This issue restricts the healthcare industry from fully adopting advanced technologies, despite the potential benefits of improved healthcare quality, insights, and cost reduction. It is crucial for industry players to prioritize security measures to mitigate these risks and ensure patient data confidentiality.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This electronic health records market report extensively covers market segmentation by

Deployment 1.1 On-premises1.2 Cloud-basedComponent 2.1 Services2.2 Software2.3 HardwareGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 On-premises-  On-premises Electronic Health Records (EHR) are self-hosted systems where the software and hardware are installed and managed on the native IT infrastructure of businesses and enterprises. These systems offer physical control and improved data security as the data is managed in-house, and there is no reliance on the Internet for access. However, the adoption of on-premises EHR by small and medium-sized enterprises (SMEs) is hindered due to the higher costs associated with the additional requirements for servers, hardware, and floor space. Large enterprises with sufficient funds and existing infrastructure continue to prefer on-premises EHR due to the enhanced data security and control. The growing concerns around data privacy and security are driving the demand for on-premises EHR solutions, contributing to the market’s growth during the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Electronic Health Records (EHR) market is witnessing significant growth due to the digitalization of healthcare and the increasing adoption of advanced technologies in the healthcare industry. The market caters to various segments including hospitals, healthcare units, and advanced healthcare facilities in both the acute and post-acute segments. Chronic diseases management is a major application area for EHRs, helping healthcare providers manage patient health history, medicines, allergies, and clinical documentation more effectively. EHR systems come in different formats such as Web-based and client server-based, with Ambulatory EHR and Acute EHR being the most common types. These systems integrate with various healthcare systems including lab systems, radiology systems, and pharmacy systems, streamlining workflows and reducing paperwork. The post-acute segment, including rehabilitation centers, is also adopting EHRs to manage patient care more efficiently. Big data analytics is a key trend in the EHR market, enabling healthcare providers to gain insights from patient data and improve patient outcomes. Overall, the EHR market is transforming healthcare delivery by making patient records more accessible and manageable.

Market Research Overview

The Electronic Health Records (EHR) market is a rapidly growing segment in the healthcare industry, driven by the digitalization of paperwork and the need for efficient and accurate patient care. EHR systems are used by hospitals, healthcare units, rehabilitation centers, and other advanced healthcare facilities to manage patient’s healthcare records. These records include health history, medicines, allergies, immunization status, lab test results, hospital discharge instructions, billing information, and more. EHR systems are available in various formats such as Web-based EHR, Client server-based EHR, Acute EHR, Ambulatory EHR, and Post-acute EHR. They cater to different segments like hospitals, ambulatory services, pharmacies, laboratories, clinics, and specialty centers. The market is segmented into professional services, acute segment, post-acute segment, and the chronic diseases segment. The professional services segment includes services related to the implementation, customization, and maintenance of EHR systems. The acute segment caters to the needs of hospitals and inpatient care, while the post-acute segment serves the needs of long-term care facilities and rehabilitation centers. EHR systems use advanced software technology, artificial intelligence, and cloud storage technology to provide clinical applications, administrative applications, healthcare financing, and clinical documentation. They also offer integration with lab systems, radiology systems, pharmacy systems, and clinical trial data. The geriatric population and patients with chronic diseases benefit significantly from EHR systems as they require continuous care and monitoring. EHR service providers offer on-premise software and cloud-based software to cater to the varying needs of healthcare providers. The market also includes drug, devices, and administrative data.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentOn-premisesCloud-basedComponentServicesSoftwareHardwareGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-electronic-health-records-market-is-set-to-grow-by-usd-54-7-billion-from-2024-2028–with-the-benefits-of-ehr-driving-adoption-and-boosting-revenue-report-on-how-ai-is-reshaping-the-market-landscape—technavio-302306616.html

SOURCE Technavio

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Yeastar Unveils PBX-inbuilt Hotel Management Module to Transform Hotel Operations

Published

55 minutes ago

on

January 15, 2025

By

XIAMEN, China, Jan. 15, 2025 /PRNewswire/ — Yeastar, a global leader in Unified Communications (UC) solutions, has launched a groundbreaking Hotel Management module integrated into its P-Series Phone System. Tailored for small and medium-sized hotels, this new feature combines hospitality communications with lightweight property management to streamline hotel daily operations and enhance guest satisfaction.

The Hotel Management Module provides a comprehensive suite of hospitality-centric features with dedicated service panels. With it, hotel staff can efficiently manage room assignments, guest check-ins/outs, housekeeping updates, wake-up calls, room moves, service billing, and more day-to-day operations with just a few clicks in one unified interface.  Back-office features such as custom room status, class of service, guest stay history, call accounting, and branded invoice are also included to further optimize workflows.

For small-scale hotels, the PBX-inbuilt hotel management provides a cost-efficient way to simplify day-to-day hotel operations without incurring the high costs of traditional property management systems. Hotel staff can effortlessly handle guest services, room management, and hotel communications in one unified system, eliminating the complexity of juggling multiple platforms. This ease of use reduces training time and improves operational efficiency, ultimately enhancing the guest experience.

“The addition of the Hotel Management module to our P-Series Phone System underscores Yeastar’s commitment to delivering value-added hotel communications solution,” said Arya Zhou, Head of Global Sales at Yeastar. “As hotels seek to enhance their operational efficiency and guest experience, our all-in-one solution offers the tools they need to succeed in a competitive market.”

Key Advantages of Yeastar P-Series Phone System for Hospitality

Unify all future-proof UC capabilities for scalable business growth, including PBX, call center, live chat, SMS, omnichannel messaging, Linkus UC Clients, and more.PBX-inbuilt Hotel Management module for lightweight hotel managementSupport a wide range of PMS integrations including Oracle Hospitality OperaSupport auto-provisioning 400+ popular hotel phone models in the marketEffortless deployment & excellent compatibility in different hotel setups

About Yeastar

Yeastar makes digital value easily accessible from ownership and adoption to daily usage and management by transforming how businesses connect and communicate. Yeastar has established itself as a leading provider of UC solutions with a strong ecosystem, a global network of channel partners, and over 450,000 customers worldwide. For more information about Yeastar or to become a Yeastar partner, please visit https://www.yeastar.com/.

Media Contact:
Nicole Liu
+86-592-5503309
marketing@yeastar.com 

Logo – https://mma.prnewswire.com/media/1312520/Yeastar_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/yeastar-unveils-pbx-inbuilt-hotel-management-module-to-transform-hotel-operations-302347847.html

Continue Reading

Technology

29,999,999,950 LTSC Transferred to Bluegrace Energy Bolivia Administrative Escrow Digital Wallet on Jan 10, 2025, at 05:46:24 AM UTC

Published

55 minutes ago

on

January 15, 2025

By

WILMINGTON, Del., Jan. 15, 2025 /PRNewswire/ — The underlying contract for billions of metric tonnes of voluntary market carbon offset was executed on Jan 1, 2025, and the transaction completed on Jan 10, 2025, marks a significant step forward in establishing LTSC as the foremost stablecoin digital currency facilitating seamless exchange between carbon offset providers and sellers.

Mr. Jean Bilala, Executive Chairman of Letscoin, stated that he is ready to proceed to the final step of the conversion of LTSC vs USDT. The contractual obligation and settlement of this placement will be done in parallel with the confirmation of the global carbon credit offset buyers.

When asked about the exit buyers’ confirmation and the market demand for this carbon credit offset, Dr. Thana Balan, the co-founder of LTSC, answered that the business is comprised of users that require carbon offsets. Given the global implementation of utilizing carbon credits to offset carbon footprints, this assists global businesses in achieving net zero emissions by 2050.

This process is ongoing, and it is a mandatory requirement that every industry producing a sizeable carbon footprint balances its carbon output with offsets. Industries such as airline operators, mining, oil & gas refining, and processing companies are all fully engaged. Any business that has a carbon footprint will need carbon credit offsets to operate in the very near future.

Regulations are already in place globally, which are implemented and followed. Letscoin is not alone in becoming the digital currency facilitator for this transaction. Associate, Kyoto Transformation Xchange (KTX), is developing a carbon credit tokenization system. This will include creating the system to identify measures and justify the value of the carbon footprint of all industries, land, agro facilities, reserve Amazon mapping, and more.

During their recent R&D technology meetings in Jakarta, Indonesia, and Kuala Lumpur, Malaysia, KTX introduced rocket science and AI drone facility owners to collaborate and execute their mission of being the associated partner of LTSC.

The achievement of LTSC being the digital exchange medium connecting the trade of carbon credit offsets between providers and the end buyer is an important move to the stability and sustainability of LTSC in the digital stablecoin race globally.

LTSC has structured the “payment gateway” algorithm, generated automatically, which will become a user-friendly online application that can be adopted by any level of basic digital competency. Dr. Thana’s team has the mission to implement plans to facilitate local exchange trading for goods and services that is easily accessible by using the complementary currency programs.

With the adoption of agriculture and forestry lands in Indonesia, Africa, and South America under the agro and carbon footprint mapping, significant milestones have been achieved.

When asked about the execution schedules, Dr. Thana said the execution will be divided into various sectors:

Preservation of carbon footprintTrading of carbon offsetDigitalization of carbon footprint and data management

“Our main focus will be completing the exit sales of the current contract with Bluegrace/LTSC/USDT for the 3 billion metric tonnes of carbon credit offsets. End buyers’ confirmation has been obtained for the tabletop meeting with Bluegrace, which has been requested for Jan 20, 2025, in Europe.”

LTSC believes this meeting will be a great achievement and herald the completion of all the contract commitments signed on Jan 1, 2025, to the executors and the global carbon exchange market.

View original content to download multimedia:https://www.prnewswire.com/news-releases/29-999-999-950-ltsc-transferred-to-bluegrace-energy-bolivia-administrative-escrow-digital-wallet-on-jan-10–2025–at-054624-am-utc-302351479.html

SOURCE Letscoin (LTSC)

Continue Reading

Technology

Empowering Businesses of All Sizes: MyGuava Business Offers a New Standard in Financial Solutions

Published

55 minutes ago

on

January 15, 2025

By

LONDON, Jan. 15, 2025 /PRNewswire/ — In today’s fast-growing world, businesses need more than traditional banking services – they require innovative financial tools tailored to their specific needs. MyGuava Business is focused on meeting these demands, offering a ground-breaking platform that caters to businesses of all sizes.

Tailored Solutions for Every Business Size

One of the defining features of MyGuava Business is its bespoke quality. The platform is designed to support businesses of every size and industry, offering flexibility that ensures no one is left behind. Start-ups and small businesses benefit from straightforward, easy-to-use tools that promote growth without unnecessary complexity.

Transparent and Competitive Pricing

At a time when hidden fees and unclear pricing structures are all too common, MyGuava Business stands apart with its transparent and competitive rates. Businesses can plan their budgets confidently, knowing there won’t be any unexpected costs. For small businesses, this affordability is an essential requirement.

Seamless Onboarding and User Experience

The platform’s user-friendly interface makes navigation intuitive, ensuring that even those without extensive technical expertise can get started quickly. Clear dashboards, always accessible customer support and step-by-step guidance make MyGuava Business a platform that any business can adopt with ease.

Comprehensive Product Offerings: Covering Every Aspect of the Financial Sector

MyGuava Business goes beyond traditional financial management by offering a diverse range of services that cover all payment needs, whether the business transacts in person or online. From business accounts simplifying cross-border payments to payment terminals, e-commerce solutions, cards, payment links and invoice creation, the platform provides businesses with versatile tools to seamlessly manage transactions.

Built In-House with Customer Needs in Mind

What truly sets MyGuava Business apart is that it is a comprehensive end-to-end payments solution provider – a direct result of its in-house development. Unlike many platforms that rely on third-party tools, every feature of MyGuava Business is purpose-built to meet the unique needs of its users.

A Vision for the Future of Business Finance

MyGuava Business is more than just a financial platform – it’s a partner in growth. By combining affordability, adaptability, and a customer-centric design, it offers businesses the tools they need to succeed in a rapidly changing world.

In a world where adaptability and efficiency are crucial, MyGuava Business is the financial partner every business deserves. Discover more at myguava.com/business.

Contact:
Nikki Suleymanova
Nigar.suleymanova@guavapay.com
07443322377

Logo – https://mma.prnewswire.com/media/2593825/MyGuava_Business_Logo.jpg

 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/empowering-businesses-of-all-sizes-myguava-business-offers-a-new-standard-in-financial-solutions-302350608.html

Continue Reading

Trending