Australia Electronic Health Records Market Analysis


  • Type: Service area
  • Published : January 2022
  • Region: APAC
  • Country: Australia
  • Report ID : 5013

  • Format: PPT, PDF

Australia Electronic Health Records Market Analysis: Segmented by Installation Type, Type, End user, Country – Growth, Market Size, Future Prospects & Competitive Analysis, 2020 – 2028

SKU: 5013 Categories: ,

Report Description of the Australia Electronic Health Records Market Analysis

Research Scope and Assumption

  • The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
  • The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
  • We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
  • All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
  • Inflation has not been accounted for in order to estimate and forecast the market
  • Numbers may not add up due to rounding off

Reason to buy the report:

  • Facilitate decision-making based on strong current and forecast data for Australia Electronic Health Records Market Analysis
  • Develop strategies based on the latest regulatory framework
  • Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Australia Electronic Health Records Market Analysis
  • Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • We have technically sound team which do a deep dive research and also provide strategy based consulting analysis

Australia Electronic Health Records Market Analysis Executive Summary

On average, every year an Australian has 22 interactions with healthcare providers, including 4 visits to GPs, 12 prescriptions, 3 visits to specialists11, and most of the information of these interactions has been held in paper-based files or non-shared databases. The medical information may be inconsistent between files, inaccurate because of lack of standards, incorrect because of manual operation, and is not available in emergency situations. It is estimated that 5,000 Australians die each year due to adverse medical events; 18% of medical errors in Australia occur from inadequate information; nearly 30% unplanned hospital admissions are associated with prescribing errors; and approximately 13% of healthcare provider consultation suffers missing information

Market Size and Key Findings

The Australia Electronic Health Records Market Analysis size stood at around USD 5.26 billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of 8.5% during the forecast period.

According to a report by Global Market Insights, the EHR market size in Australia was valued at US $526.3 million in 2020 and is expected to witness over 8.5 per cent in exponential growth rate (CAGR) from 2019 to 2025. Australia’s EHR market size growth contributes significantly to global numbers expected – Global Market Insights estimates this to be US$38 billion by 2028.

Market Dynamics

Market Growth Drivers Analysis

Digitization can also provide a platform for further enhancements in care delivery, including implementation of evidence-based electronic care paths between primary and secondary (hospital) care, built on improved transfer of information between different healthcare teams. Patient engagement in his or her own care can also be improved through EHRs, potentially enhancing health literacy. Decision-support systems and artificial intelligence – which could improve safety and patient outcomes – could also be applied to an EHR in a way that would be impossible with current paper-based systems.

Market Restraints

Many patients resent having to repeat their history to every healthcare professional they see. Money is wasted in duplicating diagnostic tests performed before hospital admission that are then repeated on admission, or where the results are not available when required. Emergency care can be compromised due to lack of accessible information.

COVID-19 impact on “Australia Electronic Health Records Market Analysis” 

During the COVID-19 era, efforts being made to deliver patient care and research were accelerated. Researchers collect data for studies and physicians provide patient care through telehealth and remote-controlled engagement tools. The trend towards higher visualization is likely to continue even after pandemic and will heighten infrastructural changes to fruitfully use IT innovations for continued connected healthcare.

Competitive Landscape

Key Players

Cerner Corporation, COMPUTER PROGRAMS AND SYSTEMS, INC. Allscripts Healthcare Solutions, Inc. McKesson Corporation, Epic Systems Corporation. and NextGen Healthcare are among the leading companies in the Europe 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.

Products in Pipeline

The web/cloud-based EHR software product market is expected to have large uptake. It was valued at US $12.5 billion in 2018. Web-based EHR provides improved speed and flexibility to the end users in terms of its operability. Access too many users simultaneously and wide network access further adds to the advantages of cloud-based EHR software. Moreover, web/cloud-based EHR software considerably saves cost that should escalate its adoption over the forthcoming years.

Notable Recent Deals

  • Healthcare associations such as the Royal College of Australian General Practitioners, the Pharmacy Guild of Australia and the Australian Healthcare and Hospital Association (AHHA) believe that adoption of EHR systems will reduce cost and improve safety, quality and efficiency of healthcare in the country.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenarioc

Government initiatives such as My Health Record, aimed at maintaining the health records of all the Australian citizens will also drive growth of various digital health systems platforms in the country. A change in the national government led to changes to the scheme, including rebranding as My Health Record, a new sponsoring agency (the Digital Health Agency) and, most importantly, a change from user opt-in to opt-out. This is where the project started to encounter serious difficulties: the public had not been properly prepared for this shift, and was mistrustful of the EHR program, despite patient organizations and many HCPs promoting the potential benefits.

The Australian government introduced MHR under the National e-Health Strategy. In 2016, the name of PCEHR was changed to My Health Record and citizens were provided an option to opt-out, unlike the old system where they had to opt-in and the government has since invested close to US$1.4bn over a period of 6 years in the MHR program.

An enormous effort by the Australian government and support from General Practitioners, Pharmacies and Healthcare Bodies pushed a large proportion of the population to opt for MHR. The federal government has also assured individuals that the data will be secure and consumers can choose to share information with healthcare professionals connected to MHR.

1. Report Description of the Australia Electronic Health Records Market Analysis
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. Australia Electronic Health Records Market Analysis Executive Summary
2.1 Australia Electronic Health Records Market Analysis – Industry Snapshot & key buying criteria, 2020-2028
2.2 Market Size, Growth Prospects and Key findings
3. Market Dynamics of Australia Electronic Health Records Market Analysis
3.1 Market Growth Drivers Analysis
3.1.1 Patient engagement
3.1.2 Digitization
3.1.3 Potentially enhancing health literacy
3.1.4 Decision-support systems and artificial intelligence
3.2 Market Restraints Analysis
3.2.1 Patients resent having to repeat their history
3.2.2 Money is wasted
3.2.3 lack of accessible information
3.3 Covid-19 Market Impact Analysis
4. Australia Electronic Health Records Market Segmentation
4.1 By Installation Type:
4.1.1 Cloud Based
4.1.2 On Premise
4.2 By Type:
4.2.1 Acute EHR
4.2.2 Ambulatory EHR
4.2.3 Post-Acute EHR
4.3 By End-user:
4.3.1 Hospitals
4.3.2 Pharmacies
4.3.3 Diagnostic and Imaging Centres
4.3.4 Ambulatory Centres
4.3.5 Others
5. Australia Electronic Health Record Market Share
5.1 Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
6.2 Products in Pipeline
6.3 R&D Initiatives in EHR Market
6.4 Notable recent deals in EHR Market
6.4.1 Joint Ventures
6.4.2 Partnerships
6.4.3 Mergers & Acquisitions
6.4.4 Strategic divestments
7. Key Company Profiles
7.1 McKESSON CORPORATION Company overview
Product & Services, Strategies & Financials
Product & Services, Strategies & Financials
7.3 Cerner Corporation Company overview
Product & Services, Strategies & Financials
Product & Services, Strategies & Financials
7.5 Epic Systems Company overview
Product & Services, Strategies & Financials
7.6 Allscripts Healthcare, LLC Company overview
Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape
8.1 Policy changes and Reimbursement scenario
8.2 Government Initiatives / Intervention programs
9. Factors Driving Future Growth
9.1 New Trends and Development of EHR market
9.2 Future Opportunities
10. Strategic Recommendations

Australia Electronic Health Records Market Analysis Segmentation

By Installation Type

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.

By Type:

The acute type segment had the largest market share. The growth is due to government initiatives to introduce EHRs in small facilities, for example in acute hospitals in the US covered by the inpatient prospective payment system (IPPS) and has the eligibility for the Medicare Incentive Payment System. Outpatient or Ambulatory EHRs are intended for use in outpatient care facilities and small practices. Government support for the introduction of outpatient EHRs, particularly during the Covid-19 pandemic, is expected to fuel market growth.

By End-User:

The hospital segment had the largest market share and will remain dominant in the forecast period. A large amount of medical data generated in hospitals drives the growth of the market. However, the Ambulatory Care segment is estimated to have the fastest CAGR due to the growing popularity and the number of Ambulatory care centers around the world is expected to drive growth in this segment.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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