CHICAGO, Oct. 20, 2020 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this U.S. electronic health records (EHR) market report.
U.S. electronic health records (EHR) market is expected to grow at a CAGR of approximately 6% during the period 2019?2025.
Key Highlights Offered in the Report:
1. The US electronic health record market would realize an absolute growth of 41% with a leap of over $3 billion revenue between 2019 and 2025.
2. Owing to the rising number chronic diseases and surgeries in the US, the clinical application segment will reach over $3 billion in 2025 growing at a CAGR of around 5% during 2019-2025.
3. Hospitals being largest end-user segment in 2019 with incremental market value of over $1 billion between 2019 and 2025. Rise in number of patient pool in the US is expected to surge the market value of hospitals which is expected to reach over $4 billion by 2025.
4. The market for cloud-based electronic health record software is surging with the rise in adoption of improving computing models. The cloud-based software in the US has witnessed incremental growth of around $1.7 billion revenue between 2019 and 2025.
5. Specialty centers are witnessing high a traction in demand in the US. The segment is expected to witness a high growth with CAGR of over 6%, contributing incremental revenues worth around $733 million during the forecast period.
Key Offerings:
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U.S. Electronics Health Records (EHR) Market ? Segmentation
U.S. Electronics Health Records (EHR) Market by Deployment
U.S. Electronics Health Records (EHR) Market by Application
U.S. Electronics Health Records (EHR) Market by End-user
U.S. Electronics Health Records (EHR) Market ? Dynamics
In 2009, the US government granted $1.2 billion to help hospitals and health care providers to establish and use electronic health records. These funds are basically aimed at helping physicians and hospitals to adopt electronic medical records and at building an exchange to move health information among various healthcare agencies. Moreover, the US government is consistently focusing on improving patient engagement. The financial incentives by the government are driving the electronic healthcare record market during the forecast period. The government is offering incentives to physicians, hospitals, and other healthcare facilities for the meaningful use of certified electronics in the US. Further, technological advancements, governmental and private organizations' initiatives to ensure EHR implementation across health care settings in North America is another factor that is expected to drive the electronic health records market during the forecast period.
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Key Drivers and Trends fueling Market Growth:
Major Vendors
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