Asia Pacific Electronic Health Record (EHR) Market is expected to reach US$ 2,245.1 Mn by 2028

Cloud-based Segment has the Largest Share of Installation Type in the Asia Pacific Electronic Health Record (EHR) Market during 2021–2028

According to The Insight Partners market research study on “Asia Pacific Electronic Health Record (EHR) Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Installation Type, Type, and End User,” is expected to reach US$ 1.477.3 million by 2028 from US$ 2,245.1 million in 2021. The market is estimated to grow at a CAGR of 6.2% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific Electronic health record (EHR) market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the increasing adoption of Electronic Health Records (EHRs), rising incentives by federal government and growing incidences of medication errors are the key factors driving the market growth. However, the market is expected experiencing slow growth during the forecast period owing to the concerns regarding data privacy.

The origin of the COVID-19 pandemic is confirmed from China, and the outbreak has affected several countries across the world. Second medical opinion becomes a must as the Coronavirus outbreak grows and most countries face a complete lockdown. The outbreak of COVID-19 has caused a continuing global pandemic. Hospitals are integral to the control and prevention of COVID-19; however, they face numerous challenges during the epidemic. The ongoing healthcare crisis is rapidly is being witnessed in smaller towns and villages where people are dying due to lack of oxygen, hospital beds and lifesaving drugs, similar to urban areas. As per the ministry health data hundreds of thousands of children have missed vital immunizations, and thousands of adults may have missed life-saving medical treatments due to the novel coronavirus epidemic spread and the lockdown. This is likely to have negative impact in the Asia Pacific countries.

The market for electronic health record (EHR) market is segmented into installation type, type, and end user. Based on installation type, the electronic health record (EHR) market is segmented cloud-based and on-premise. In 2020, cloud-based segment accounted for the largest share of the market. Cloud-based solutions are cost-effective as cloud computing reduces the cost of managing and maintaining your IT systems. Cloud-based EHR offers flexibility and allows the user to access the data from any place. Also, developments by market players in this segment are likely to enhance the growth of the segment. For instance, in July 2020, Cerner launched a cloud-based EHR platform, CommunityWorks Foundations, which aims at reducing the costs of traditional EHR systems in rural and Critical Access Hospitals.

Cerner Corporation, COMPUTER PROGRAMS AND SYSTEMS, INC., Allscripts Healthcare Solutions, Inc., McKesson Corporation, and Epic Systems Corporation. are among the leading companies in the Asia Pacific Electronic health record (EHR) market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in March 2019, iKnowMed, McKesson’s oncology practice electronic health record (EHR) system, has been named the top ranked EHR platform for oncologists and hematologists for the eighth year in a row by Black Book Research.

The report segments the Asia Pacific Electronic Health Record (EHR) market as follows:

By Installation Type

• Cloud-Based
• On-Premise

By Type

• Acute EHR
• Ambulatory EHR
• Post-Acute HER

By End User

• Hospitals
• Diagnostic and Imaging Centers
• Ambulatory Care Centers
• Pharmacies
• Other

By Country

• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific