Market OverviewThe development of healthcare IT and immense potential of the sector in combining data as well its capability to radically increase the efficiency has affected the US EHR/EMR market to great extent. EHRs and EMRs help elude medical errors that are often faced during diagnosis and treatment procedure due to lack of awareness on part of medical professionals concerning medical history and the therapeutic guidelines specific to patient. Furthermore, reportedly, the clinical decisions made using assistance of EHRs have augmented the efficiency of care.
The clinical benefits are important in their positive influence on the global as well as US EHR/EMR market. Growing government support of the EHRs have also been robust driving factor for adoption of the both EHRs and EMRs as well as subsequent growth of U.S. market. Major examples include NHS which has employed Integrated Digital Care Fund (IDCF) to support shift from paper-based records to digital care records. Such types of encouraging and supportive government initiatives are anticipated to induce the market growth over review period.
Segment OverviewEHR segments finds its applications in various clinical care application and functions, clinical research function, financial function, administrative functions and reporting in healthcare settings. Clinical applications of the EHR include order entry and support, results management, and decision supports. The functions aid in the organization of patient's record, and timely access to patients' medical information, such as radiology, laboratory test results. This decreases redundancy and increases the quality of the healthcare service. Additionally, with help of secured EHR, the patient information can be pooled amongst authorized users in diverse healthcare settings. The EHR facilitates communication, incorporation of info and patient care organisation action among various medical specialists such as nurses, doctors, laboratory scientists and pharmacists.
On premise EHR software is most traditional solution, and often involves purchase of the new hardware, and also set up of private servers. Software is most frequently used in various multi-specialty practices as they allows for wide range of customization, are interoperable and has robust support from the vendors. However, such software is costly as compared to the cloud-based software and involves in-house upkeep and hardware.
Regional OverviewThe U.S. have the dominant share of global and US EHR/EMR market. The U.S. segment of the market has a strong existence of numerous market leaders and also has a thriving healthcare sector. The strong healthcare sector in U.S. has an attraction toward adoption of advanced healthcare IT technology. Rising investments in the healthcare and growing demand for the advanced healthcare. IT is expected to lead market to grow over the forecast period.
Competitor overviewRise in implementation of EHR and EMR, increased use of various cloud based software, rapid surge in the elderly population, and the subsequent rise in number of the chronic diseases drive market growth. However, market growth is restricted by high cost of the software and rise in the concerns regarding patient data safety and security due to rise in cyber-crime. On the other hand, huge market prospective in the developing counties are anticipated to offer added opportunities for growth during the estimate period.
Key Players
- Allscripts Healthcare Solutions
- Athenahealth Inc.
- Agastha Inc
- Cerner Corporation
- Epic Systems
- eClinicalWorks
- Advanced MD Inc
- Advanced Data Systems Corporation
- GE Healthcare
- Medical Information Technology Inc.
- Koninklijke Philips N.V.
- Meddbase (Medical Management Systems Ltd).
Market SegmentationBy Component
- Software
- Hardware
- Services
By Mode of Delivery
By Application
- Specialty-Based
- General Applications
By Geography
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model