Acute Care EHR Market 2019 Size, Share, Trends, Comphrensive Research, Significant Portion, analysed By Global Companies Forecast to 2023 - 16 Aug 2019

(MarketersMedia via Comtex)

The Acute Care EHR Market is heavily banking on strategies implemented by major companies. Its rival meat industry has already gained a significant foothold, and in order to crack the former's base, innovative tactics are needed.

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Acute care EHR is different from its traditional counterparts. The acute care EHR allows healthcare professionals to collect, preserve and access vital patient clinical data in acute care and ambulatory care settings. Market Research Future (MRFR) perceives the global acute care EHR market to register a CAGR of 7% over the forecast period of 2017-2023.

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The global acute care EHR market derives much of its growth from the surging incidences of chronic diseases on a global scale. In recent years, the prevalence of chronic diseases such as cancer, diabetes, and cardiovascular disease have been on the rise which has consequently raised the number of healthcare institutions. Growth in a number of hospitals and other medical centers have created massive demand for management of patient data which boosts the growth of the global acute care EHR market. The rise in global geriatric population is also a contributing factor to the growth of the global acute care EHR market. The aged population who are more susceptible to suffer from chronic diseases have induced high demand for remote monitoring of geriatric patient data. Factors such as development in healthcare IT, technological advancements and expanding expenditure on healthcare act as a plus for the growth of the market. On the contrary, the growth of the global acute care EHR market might be restrained by high costs associated with acute care EHR solutions which might limit the growth of the market in price-sensitive market. Furthermore, towering costs of healthcare devices and treatments are also likely to hinder market growth.

Global Acute Care EHR Market - Competitive Analysis

Well-established players adorn the Acute Care EHR market as highly competitive. High investments are transpired in the market in order to develop next-generation healthcare IT solutions. The global Acute Care EHR market is witnessing fierce competition.

Key Players:

The global Acute Care EHR market is led by some of the fervent players including Allscript (U.S.), Cerner Corporation (Siemens) (U.S.), Healthland (U.S.), McKesson Corporation (U.S.), Medhost (U.S.), Evident (CPSI) (U.S.), Meditech (U.S.), Epic Systems Corporation (U.S.), Athenahealth (RazorInsights) (U.S.), IBM (U.S.), General Electric Company (U.S.), eClinicalWorks (U.S.), and Vitera Healthcare Solutions (U.S.).

Segmentation

The global acute care EHR market has been segmented based on deployment, application, and end user.

By deployment, the global acute care EHR market has been segmented into On-Premises based and Web-based.

By application, the global acute care EHR market has been segmented into personal care, pharmaceuticals, and others.

By end user, the global acute care EHR market has been segmented into hospital, ambulatory care, and others.

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Regional Analysis

Globally, the North American region accounts for the leading market for Acute Care EHR with a significant market share followed by the markets in the European and Asia Pacific regions. North America has one of the best medical facilities around the globe with the high rate of patients' arrival.

Countries such as the U.S. and Canada fall under the umbrella of developed countries and are technologically well advanced, therefore, hold the largest market share in the Acute Care EHR market in the region. Furthermore, increasing number of hospitals ambulatory centers, the presence of huge patient population and well-developed technology drives the market growth in the region. Huge funding from public and private sectors are fostering the market growth, making the cost of the devices used for the EHR affordable.

The European region has acquired the next largest market share in the global acute care EHR. Factors substantiating the market growth include the availability of funds, strong government support, and increasing demand for the better management devices & platform. Western European region, due to the presence of well-developed economies such as the U.K., Germany, and France holds a major share of the market in the region.

The resurging economy is making the high cost of treatment affordable increasing per capita income in this region. Additionally, considering the huge patient population, governments have started supporting the manufacturers for the development of new and better devices which in turn, is fostering the market growth in the region.

The Asia Pacific region has emerged as a lucrative market for the Acute Care EHR, growing with the market a significant rate of CAGR. The Asia Pacific together accounts for more than 41% of the global population, and most of the countries falling under the Asia Pacific region are in the developing phase. Developing countries have immense opportunities for the Acute Care EHR.

Some of the countries in the APAC such as China and India together hold more than 30% of the global population are said to be the biggest market for the Acute Care EHR products in the region. Factors such as the increasing number of patients suffering from chronic diseases and rapidly improving healthcare infrastructure are impacting the market growth in the region, positively. Moreover, the rapidly surging economy in the region is providing impetus to the market growth, increasing per capita healthcare expenditure.

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