The Edge - Thought Leadership on the Epic (EHR)

The electronic health record (EHR) market is evolving at a rapid pace, with a growing demand for more advanced and user-friendly EHR systems. The need for improved patient care, increased efficiency, and reduced costs are driving market growth, leading to significant investments in EHR technologies.

In this article, we will discuss the current trends in the electronic health record market, including the shift towards cloud-based systems, the use of artificial intelligence, and the increasing importance of patient engagement.

Cloud-Based EHR Systems

One of the most significant trends in the electronic health record market is the shift towards cloud-based systems. Cloud-based EHR systems are becoming increasingly popular due to their ease of use, affordability, and scalability. Unlike traditional on-premise EHR systems, cloud-based systems allow healthcare providers to access patient information from anywhere, at any time, on any device.

The adoption of cloud-based EHR systems is expected to continue to grow in the coming years. According to a report by MarketsandMarkets, the global cloud-based EHR market is projected to grow at a CAGR of 11.7% between 2020 and 2025, reaching a value of $44.4 billion by 2025.

Artificial Intelligence

The use of artificial intelligence (AI) in healthcare is also a growing trend in the EHR market. AI-powered EHR systems can help healthcare providers to make more accurate diagnoses, improve patient outcomes, and reduce costs. AI can also help to automate certain tasks, such as data entry, freeing up healthcare providers to focus on more complex tasks.

The global AI in healthcare market is expected to reach $19.25 billion by 2026, according to a report by Mordor Intelligence. The report states that the increasing adoption of EHR systems is driving market growth, as healthcare providers seek to integrate AI into their existing systems.

Patient Engagement

Patient engagement is becoming an increasingly important trend in the electronic health record market. Patients are now more involved in their healthcare than ever before, and healthcare providers are looking for ways to engage patients in their care.

EHR systems are playing a critical role in patient engagement. With features such as patient portals and secure messaging, patients can access their health information and communicate with their healthcare providers more easily. This increased access to information and communication can lead to better patient outcomes and increased patient satisfaction.

According to a report by Grand View Research, the global patient engagement solutions market is expected to grow at a CAGR of 19.7% between 2020 and 2027, reaching a value of $72.2 billion by 2027. The report states that the increasing adoption of EHR systems is driving market growth, as healthcare providers seek to improve patient engagement through technology.

Conclusion

The electronic health record market is evolving at a rapid pace, with a growing demand for more advanced and user-friendly EHR systems. The shift towards cloud-based systems, the use of artificial intelligence, and the increasing importance of patient engagement are all significant trends in the market.

Healthcare providers must stay up-to-date with these trends to ensure they are providing the best possible care for their patients. With the right EHR system in place, healthcare providers can improve patient outcomes, reduce costs, and increase efficiency, leading to a healthier population overall.