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DUBLIN--(BUSINESS WIRE)--The "U.S. Electronics Health Records (EHR) Market - Industry Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.

The U.S. electronic health record market by revenue is expected to grow at a CAGR of close to 6% during the period 2019-2025.

The U.S. EHR market is expected to be driven by the increasing prevalence of chronic disorders and the outbreak of pandemics. About 6 in 10 adults in the US have a chronic disease, according to the National Center for Chronic Disease Prevention and Health Promotion 2019. An increase in the prevalence of acute and chronic diseases, including several heart diseases, diabetes, cancer, pandemic such as COVID-19, high awareness regarding the benefits of electronic healthcare records are likely to fuel the growth of the market in the US.

EHRs offer a range of advantages to healthcare providers and patients, which ultimately increases productivity and patient satisfaction. The increasing adoption of software solutions such as data mining, clinical decision support system, and clinical trial management systems will propel the demand for EHR systems. A growing number of medical professionals opt for technologically advanced data management systems to save time and resources.

The phenomenal spread of COVID-19 in the US has increased the growth of the U.S. telehealth market. Telehealth services inpatient portals have eased overcrowding in hospitals and have allowed remote monitoring of patients, thereby decreasing the spread of the virus.

U.S. Electronic Health Records Market Segmentation

In 2019, the clinical application of electronic healthcare records dominated the U.S. electronic health records market with a share of around 30%. One of the key EHR application areas in the healthcare system is clinical patient care. The use of EHRs as a source of data in clinical investigations could involve additional considerations, planning, and management. The demand for complete, up-to-date, and accurate medical records drives the adoption of EHR in the clinical segment.

On-premise deployment involves hosting the EHR software on in-house servers maintained and implemented by an organization's IT team. Cloud-based is an online software-as-a-service implementation that hosts the software in the cloud where users access it via the internet. Both come with unique pros and cons that can impact decision-making. The cloud-based segment will be the fastest-growing segment during the forecast period. The cloud-based segment dominated the U.S. electronic health records market with a share of 56% for 2019.

An increasing number of hospitals have shifted their preference for EMR systems from on-premise to cloud-based models, contributing to their market growth. Cloud EHR systems have a lower cost than on-premise products. Since cloud-based EHRs do not require capital investment in hardware, software, and network personnel, they are economical to implement and operate.

INSIGHTS BY VENDORS

The electronic health record (EHR) giant Epic continued to amass a greater share of the US hospital market in 2019. The presence of major companies, continuous progress in healthcare settings, and the expansion of healthcare IT infrastructure drive the U.S. electronic health records market. The electronic healthcare record market is in a growth stage, and it has achieved popularity and high penetration in developed countries such as the US. Allscripts, Cerner, E-clinical Works, and EPIC are the major vendors in the US market.

Market Dynamics

Impact Of Covid-19

Market Opportunities & Trends

Market Growth Enablers

Market Restraints

Prominent Vendors

Other Prominent Vendors

For more information about this report visit https://www.researchandmarkets.com/r/gmdnxr

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United States Electronics Health Records (EHR) Market Outlook and Forecast 2020-2025 with In-depth Analysis and Data-driven Insights on the Impact of...