EHR Market to Reach $33B by the year of 2025 - Research and Markets

Research and Markets has declared the addition of the "Electronic Health Records (EHR) Market Analysis By Product (Client Server-based, Web-based), By Type (Acute, Ambulatory, Post-Acute) By End-use (Hospitals, Ambulatory Care), And Segment Forecasts, 2014 - 2025" report to their offering. The global EHR market is hoped to reach USD 33.41 billion by the year of 2025. The government initiatives undertaken in support of EHR market adoption are most likely to accentuate the market growth.

The federal government launched Health Information Technology for Economic and Clinical Health (HITECH) Act in the year f 2009 for promoting usage of EHR amongst healthcare providers. The program involved provision of training and assistance for health information technology (IT) employees in case to set up EHRs in the hospitals.

The National Health Services (NHS), UK is planning to change the documentation procedure into digitized form completely by the year 2018. In the U.S., federal government has declared financial incentives for physicians planning to adopt EHR systems. Any average physician with at least 30 percent of his/her patients covered with Medicare is eligible for incentives worth USD 44,000.

Several region-specific initiatives are promoting eHealth services. For exmple, EUR-Lex offered eHealth action plan for the time period of 2012 - 2020, which states the strategies for deployment of eHealth services amongst European nations.

The EHR market in Asia Pacific is projected to showcase substantial growth over the forecast period owing to several developments across huge economies along with increased expenditure on healthcare IT. This regional market is anticipated to grow at a CAGR of 7 percent from the time period of 2017 to 2025.

Companies Mentioned 

• Cerner


• Allscripts


• McKesson Corporation


• GE Healthcare


• Epic Systems Corporation


• NextGen Healthcare


• Medical Information Technology, Inc.


• CureMD Healthcare


• Healthcare Management System (HMS)


• CPSI


• AdvancedMD, Inc.


• eClinicalWorks


• Computer Sciences Corporation (CSC)


• Greenway Health, LLC


• Practice Fusion, Inc.

Significant Topics Covered:

1 Methodology and Scope

2 Executive Summary

3 EHR Market Variables, Trends, & Scope

4 EHR Market: Product Estimates & Trend Analysis

5 EHR Market: Type Estimates & Trend Analysis

6 EHR Market: End-use Estimates & Trend Analysis

7 EHR Market: Regional Estimates & Trend Analysis, by Product, Type, & End-use

8 Competitive Landscape

For Further information about this report, please visit http://www.researchandmarkets.com/research/jhmvgg/electronic_health

 

Healthcare Integration Market - Global Forecast to the year 2021

Healthcare Integration Market - Global Forecast to the year 2021 - Main Players are Orion Health, Quality Systems & Epic Systems Corporations

Research and Markets has declared the addition of the "Healthcare Integration Market - Global Forecast to 2021" report to their offering.

The global healthcare integration market is assumed to reach USD 3.73 Billion by the year 2021, growing at a CAGR of 10.2 percent during the forecast period of 2016 to 2021.

The development in this market is majorly driven by the rising healthcare costs, powerful government support and initiatives to curtail rising healthcare prices, the growing requirement to integrate healthcare systems, and attempts from healthcare contributors to maximize their returns on investment. Although, various interoperability problems, a fragmented end-users market, and the high cost of implementation yet remain some of the challenges for greater adoption of integration tools within the healthcare industry, thus restraining the healthcare integration market growth.

The global healthcare integration market is segmented deployed on solutions, applications, and regions. On the basis of solutions, the healthcare IT integration market is segmented into products and services. The healthcare integration products market is further bifurcated into interface/integration engines, medical device integration software, media integration solutions, and other integration tools

Healthcare Payer BPO Market Is Expected To Hit $34.2 Billion by 2022

Global healthcare payer BPO market is hoped to reach over USD 34.2 billion by the year 2022 in accordance to a new report by Grand View Research Inc. Key drivers attributing to the progress are ObamaCare, shift to ICD-10 coding system, rising geriatric population, increasing disease burden and penetration of insurance coverage in emerging economies.

In the year 2013, as per estimates issued by the America’s Health Insurance Plans (AHIP), which is the national trade association representing the health insurance industry, one-sixth of the U.S. economy or nearly USD 2.7 trillion is committed to healthcare spending and the number is hoped to increase year on year. Although, the healthcare system is not capable to reap the benefits of such expenditure due to procedure inefficiencies and utilization of redundant systems. The estimated loss because of such inefficiencies is nearly 800 billion or approximately 20 to 30% of the overall expenditure.

Increasing healthcare expenditure is a huge concern for the U.S. and all the other major economies. In case to reduce the economic burden and offer universal access to healthcare, governments are motivating outsourcing of payer services to onshore or offshore locations.

Asian Home Healthcare Market Costs 62.32 Billion USD by The year 2020

In accordance to a new market research report "Asian Home Health Care Market by Product (BP & Heart Rate Monitor, Ovulation KIT, HIV Test, ECG, EKG, EEG, Hearing Aids, Ventilator, Cane, Walker, Wheelchairs), Services (Rehabilitation, Skilled, Hospice, Palliative Care), & Telehealth - Forecasts to the year 2020", issued by MarketsandMarkets, the global market is hoped to reach USD 62.32 Billion by the year 2020 from USD 39.07 Billion in the year 2015, at a CAGR of 9.8 percent during the forecast period.

Progress in this market is mainly driven by factors like the rapidly growing geriatric population (particularly in Japan, Singapore, China, South Korea, and Taiwan), the increasing requirement for cost-effective healthcare delivery because of increasing healthcare costs, rising incidences of chronic infections, and technological advancements in devices. Although, limited insurance coverage, low awareness about home healthcare, and threats to personal safety of home care employees are the factors restraining the progress of this market to a certain extent.

The report segments the Asian Home Healthcare Market based on products, services, telehealth, and countries. Deployed on products, the market is further segmented into testing, screening, and checking products; therapeutic products; and mobility care products. The testing, screening, and monitoring products segment is assumed to account for the greatest share of the Asian home healthcare products market in the year 2015. The shifting trend from conventional treatment to a preventive access and rising purchasing capability of persons in Asian countries is hoped to boost the progress of the Asian home healthcare testing, monitoring, and screening devices market. In addition to portability, the potential of these devices to mitigate healthcare complications and ensure great accuracy are also hoped to create a important demand for monitoring and testing devices. Furthermore, with the rising number of patients suffering from chronic infections in various Asian countries, the demand for these products is increasing.

Healthcare Contributor Network Management Market by Component, Platform/Software - Analysis and Global Forecast to the year 2020

The global healthcare contributirs network management market is poised to reach USD 2.96 billion by the year 2020 from USD 1.78 billion in the year 2015, increasing at a CAGR of 10.7 percent during the forecast time  of the year 2015 to 2020.

Contributor network management assists payer agencies to handle a contributor's network with greater efficiency for optimal financial outcomes, process claims with higher accuracy (which decreases cost and errors), and increase contributor satisfaction. The global healthcare contributor network management market is bifurcated into contributor network management services and contributor network management platform/software segments. The provider network management services segment is further divided into outsourcing services and internal services.

A provider network contains a set of doctors, hospitals, and other healthcare providers like nurse practitioners, therapists, and other clinicians that are a part of the health insurance plan. Provider network management involves database management, credentialing, contracting services, pricing maintenance, and configuration, among others. With the assistance of provider network management, the payer organization is capable to reveal insights which may have been overlooked initially by conventional analytical tools. Provider network management assists in leveraging data obtained in daily operations by payer organizations to recognize high-risk providers, create consistency in care delivery, and ensure essential health insurance coverage for sufferers.

In the year 2015, the services segment is hoped to account for the greatest share of the international healthcare provider network management market, by component. Furthermore, the internal services segment is hoped to account for the greatest share of provider network management services market, by sub-component. This can be attributed to the fact that internal services help make sure the profitability, better provider network management, long-term provider relationships, and regulatory compliance. These benefits are driving the progress of this market segment over outsourcing services.