Acute care EHR is different from its traditional counterparts. The acute care EHR allows healthcare professionals to collect, preserve and access vital patient clinical data in acute care and ambulatory care settings. Market Research Future (MRFR) perceives the global acute care EHR market to register a CAGR of 7% over the forecast period of 2017-2023.
The global acute care EHR market derives much of its growth from the surging incidences of chronic diseases on a global scale. In recent years, the prevalence of chronic diseases such as cancer, diabetes, and cardiovascular disease have been on the rise which has consequently raised the number of healthcare institutions. Growth in a number of hospitals and other medical centers have created massive demand for management of patient data which boosts the growth of the global acute care EHR market. The rise in global geriatric population is also a contributing factor to the growth of the global acute care EHR market. The aged population who are more susceptible to suffer from chronic diseases have induced high demand for remote monitoring of geriatric patient data. Factors such as development in healthcare IT, technological advancements and expanding expenditure on healthcare act as a plus for the growth of the market. On the contrary, the growth of the global acute care EHR market might be restrained by high costs associated with acute care EHR solutions which might limit the growth of the market in price-sensitive market. Furthermore, towering costs of healthcare devices and treatments are also likely to hinder market growth.
Segmentation
The global acute care EHR market has been segmented based on deployment, application, and end user.
By deployment, the global acute care EHR market has been segmented into On-Premises based and Web-based.
By application, the global acute care EHR market has been segmented into personal care, pharmaceuticals, and others.
By end user, the global acute care EHR market has been segmented into hospital, ambulatory care, and others.
Regional Analysis
By region, the global acute care EHR market has been segmented into the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).
The Americas account for the lion's share of the global acute care EHR market. Robust healthcare sector, a strong economy and massive expenditure on healthcare spur the market in the Americas. The region is a frontrunner in the adoption of advanced healthcare technologies. In addition, the rapid expansion of patient pool and rise in global geriatric population also supports the growth of the Americas market.
Europe is the second largest market for acute care EHR driven by the availability of funds, strong government support, and the presence of developed economies such as the UK, France, and Germany. Augmenting need for better management of healthcare devices and platform support the growth of the Europe acute care EHR market.
APAC is slated to be the fastest growing market for acute care EHR. Growing prevalence of chronic diseases and rising patient population stimulate the growth of the APAC market. Additionally, increasing number of hospitals, clinics and other healthcare centers across the region, increasing expenditure on healthcare and rapid economic growth are other driving factors.
The MEA market is anticipated to account for the least share of the global acute care EHR market. Lack of funds, limited availability of medical facilities and poor economic conditions, especially in Africa restrict the growth of the market. The Middle East market is likely to showcase positive growth pattern over the forecast period.
Competitive Landscape
The noteworthy players in the global acute care EHR market include Epic Systems Corporation (U.S.), Evident (CPSI) (U.S.), eClinicalWorks (U.S.), Medhost (U.S.), Athenahealth (RazorInsights) (U.S.), IBM (U.S.), Vitera Healthcare Solutions (U.S.), Meditech (U.S.), McKesson Corporation (U.S.), Allscript (U.S.), Cerner Corporation (Siemens) (U.S.), Healthland (U.S.), and General Electric Company (U.S.).
Industry Updates
- In November 2018, ResMed, a company that specializes in connected devices and remote monitoring for sleep apnea and respiratory illnesses announced the acquisition of MatrixCare’s post-acute care EHR solution for USD 750 million.
- In December 2018, Allscripts, a provider of healthcare solutions, announced selling of its stake in post-acute care EHR vendor Netsmart to TA Associates and GI Partners, both private equity firms for a total amount of USD 525 million.
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