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European Electronic Health Records Market


News provided by

ReportBuyer

Jan 15, 2015, 10:34 ET

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LONDON, Jan. 15, 2015 /PRNewswire/ -- Interoperable Electronic Health Records to Revolutionize Healthcare Delivery in Europe

The objective of this research service is to present a comprehensive analysis of the European electronic healthcare records (EHR) market, with respect to market potential and key market dynamics. The regional scope of the analysis is focused on the United Kingdom, Germany, France, Italy, Spain, Scandinavia, and Benelux. The study covers factors driving market growth, challenges affecting the industry, and opportunities within the total market. Forecasts have been provided for each region and the market segments, including hospital EHR and ambulatory EHR. The study period covered is from 2013 to 2020. The forecast period is from 2015 to 2020, with 2014 as the base year.

Key Findings
- The EHR market in Europe is in a growth phase, with average market penetration rates expected to increase by % by 2020.
- Initiatives by government and regional healthcare authorities for paperless documentation are favoring the adoption of EHR across Europe, which is further augmented by Europe's eHealth policies and digital agenda.
- A rising ageing population, the need for remote monitoring and chronic disease management, and the establishment of healthcare information exchange (HIE) have given impetus to EHR adoption.
- Real-time patient data management and the transition to personalized healthcare delivery drive EHR adoption, and the emergence of Web- and cloud-based EHRs have enabled market penetration.
- On the other hand, persistent challenges pertaining to data security and privacy and the lack of interoperability standards are coming in the way of rapid adoption of EHR.
- Europe, however, has several legacy solutions that require replacing or upgrading, thereby opening a potential opportunity for EHR vendors.
- Adoption has traditionally been higher in the hospital EHR segment than in the ambulatory EHR segment as hospitals have higher budgets compared to ambulatory clinics. In the next years, however, adoption of ambulatory EHR is expected to grow considerably.
- The average spending on EHR is increasing, accounting for about 30% of the total healthcare IT spending, and it is the biggest spend bucket in a hospital's budget.
- The ambulatory segment's spending on EHR, however, is comparatively lower as spending is based on practice size; therefore, Web- and cloud-based EHRs are a viable option rather than standalone EHR solutions.
- The level of competition is high among EHR vendors in Europe, with a presence of global vendors such as Epic, Cerner Corporation, McKesson, InterSystems Corporation, and GE Healthcare as well as vendors from Europe such as Agfa Healthcare, NoemaLife, Cambio, DIPS, CompuGroup, IMS Maxims, Indra, Marand, EMIS, INPS, TPP, and MicroTest.
- The key competencies of global companies trying to gain a foothold in Europe are scalable solutions and several years of experience in a variety of healthcare IT applications. Europe-based vendors benefit from an in-depth understanding of cultural, regulatory, and operational aspects of the regional market on
which they are focused.
- Most of these vendors are trying to be device agnostic and have ventured into mobile applications of EHR to cater to the increased demand from end users for ubiquitous access to patient information.
- EHR vendors rely mainly on direct sales because of the longer sales cycle. These vendors, however, have engagements with value-added resellers (VAR), system integrators (SI), and distributors to maximize market penetration.
- Europe has varying adoption rates across countries, with Scandinavia, Germany, the United Kingdom, and Benelux having strong adoption rates, followed by France, Italy, and Spain.
- The varying adoption rates are attributed to the availability of budgets as well as the robustness of the respective country's EHR strategy. Most countries fail to execute the strategy, resulting in the delay of timelines with respect to EHR implementation.
- Europe has a high focus on establishing interoperability frameworks and the establishment of HIE for cross-border healthcare, which is expected to elevate the maturity level of EHRs in various countries to a higher level by 2020.

Download the full report: https://www.reportbuyer.com/product/2587120/

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