Further key findings from the study suggest:
Web-based solution is expected to witness lucrative growth during the forecast period owing to associated factors such as low set up cost, ease of accessibility, and growing usage of internet. Growing demand for cloud based healthcare database management is also expected to contribute towards segment growth.
North America was the largest regional market in 2014. Presence of mandatory and favorable government initiatives aimed at large scale implementation of electronic health records is a key factor driving market growth. Moreover, growing government funding and the presence of sophisticated healthcare infrastructure are expected to serve the market as high impact rendering drivers.
Asia Pacific market is expected to witness rapid growth over the forecast period due to swiftly growing penetration of novel information technologies and awareness towards the benefits of EHR implementation in large healthcare facilities. Furthermore, increasing demand for medical tourism and competition amongst hospitals are expected to boost market growth over the forecast period.
Key players of the electronic health records market include eClinicalWorks LLC, GE Healthcare, Cerner Corporation, Siemens Medical Solutions, Healthcare Management System, Allscripts, CPSI, Healthland Inc. and NexGen.
The market is marked by the presence of a large base of vendors rendering EHR and related services. However, currently prevailing low customer satisfaction levels have introduced new trends such as consolidation and software hegemony.
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