APAC Electronic Health Records Market Report 2022 to 2030

APAC Electronic Health Records Market Analysis

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The APAC EHR market size was valued at $5.94 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 5.27% from 2022 to 2030 and will reach $8.96 Bn in 2030. This growth can be attributed to the increasing adoption of EHR systems in hospitals and clinics. The market is segmented by product type, application type, and end user. Some of the major players include Cerner Corporation, Epic Systems Corporation, Allscripts Healthcare Solutions, Inc., MEDITECH, NextGen Healthcare, Medtech Global, GE Healthcare, and others.

ID: IN10APDH008 CATEGORY: Digital Health GEOGRAPHY: Asia - Pacific AUTHOR: Chandani Patel

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APAC EHR Market Executive Summary

The APAC EHR market size was valued at $5.94 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 5.27% from 2022 to 2030 and will reach $8.96 Bn in 2030. Healthcare expenditure in the APAC region has been increasing in recent years, driven by factors such as the aging of the population, the increasing prevalence of chronic diseases, and the growing demand for high-quality healthcare services.

According to data from the World Health Organization (WHO), healthcare expenditure as a percentage of gross domestic product (GDP) varies widely among APAC countries. In some countries, such as Japan and South Korea, healthcare expenditure as a percentage of GDP is relatively high, while in other countries, such as India and Indonesia, it is relatively low. Overall, the APAC region is expected to continue to see growth in healthcare expenditure in the coming years, as the demand for healthcare services continues to increase and the region invests in the development and adoption of advanced healthcare technologies.

An EHR is a digital version of a patient's medical history and records, which can be accessed and shared by healthcare providers to improve the quality of care and treatment. The APAC region is expected to see significant growth in the APAC EHR Market in the coming years. The use of electronic health records (EHRs) in the APAC region is increasing, as healthcare providers and governments in the region are recognizing the benefits of EHR systems.

In countries like China, Japan, South Korea, Singapore, and Australia, EHR usage is high among hospitals and clinics. These countries have advanced healthcare infrastructure, better internet connectivity, and supportive government policies which are contributing to the high adoption rate of EHRs. In these countries, EHRs are being used to improve the efficiency and quality of care, as well as to reduce healthcare costs. For example, in Japan, EHR systems are widely used in hospitals, and the Japanese government has set a goal for all hospitals to adopt EHR systems by 2020. Similarly, in South Korea, the government has launched the "e-Healthcare 2020" initiative, which aims to promote the use of EHR systems to improve the quality of care and reduce healthcare costs.

Market Dynamics

Market Growth Drivers

Several factors are driving the growth of the Electronic Health Record (EHR) market in the APAC region:

The aging population in the APAC region is leading to an increase in the demand for healthcare services, which is driving the adoption of EHRs. Furthermore, the increasing prevalence of chronic diseases such as diabetes and heart disease in the APAC region is also contributing to the growth of the APAC EHR Market. The healthcare industry in the APAC region is growing, and the adoption of EHRs is expected to support this growth by improving the efficiency and effectiveness of healthcare delivery. Moreover, EHRs can improve patient care by allowing healthcare providers to access and share accurate and up-to-date information about a patient's health history and treatment.

Market Restraints

The lack of standardization in the EHR Market in the APAC region may discourage the adoption of EHRs by healthcare providers. The upfront costs associated with implementing an EHR system can be high, which may be a barrier for some healthcare providers. There are concerns about the privacy and security of electronic health information, Limited IT infrastructure in the APAC region may have limited IT infrastructure, which may make it difficult to implement and maintain an EHR system. Furthermore, some healthcare providers may be resistant to adopting new technologies, which may slow the growth of the APAC EHR Market.

Competitive Landscape

Key Players

Allscripts
Cerner
Epic Systems
eClinicalWorks
Athenahealth
McKesson
Meditech
NextGen Healthcare
GE Healthcare
Siemens Healthineers

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

APAC countries have a unique regulatory approach, although there are similarities. APAC has been making investments in healthcare digitalization to improve efficiency, cut costs, and automate/eliminate redundant processes. As a result, IT adoption is igniting a new wave of development in APAC's public and private hospitals.

In Australia scope of regulated software-based products” provides a comprehensive overview of its approach to software qualification. It outlines a risk-based approach to software qualification that excludes or exempts many types of low-risk software products, such as software that serves as electronic patient records and software used for clinical workflow and support.

The government of India has established the State Electronic Health Authority (SeHA) under the auspices of the National Electronic Health Authority (NeHA), which will operate under The Digital Information Security in Healthcare Act (DISHA). NeHA will act as a superior authority, ensuring the security, confidentiality, and privacy of patient data while creating a centralized EMR repository for medical institutions to easily access a patient's health history and situation. The new legislation will improve data privacy, confidentiality, and standardization. The passage of various healthcare-related laws will boost people's trust in EMR, thereby driving market growth.

1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Electronic Health Records Market Segmentation

By Product (Revenue, USD Billion):

Web-based and cloud-based software is more affordable since it saves on additional costs like license fees, regular upgrades, and device upkeep. Additionally, it reduces the need for IT workers because SaaS providers help with software installation, configuration, testing, operation, and upgrades. The cost-effectiveness of cloud-based EHR systems in small healthcare organizations will therefore fuel developments as well as the expansion of the category. MHealth services

Web/Cloud-based EHR software
On-premise EHR software

By Application Type (Revenue, USD Billion):

Large amounts of patient health data may be stored and processed by EHRs, which aids doctors in automating both financial and operational operations with rapid and simple access. Therefore, integrated EHR and practice management software navigates all tasks, making it easier for front-line healthcare providers to do their jobs, and will therefore drive the segment's revenue during the anticipated time period.

E-prescription
Practice management
Referral management
Patient management
Population health management

By End User (Revenue, USD Billion):

By 2027, the category of ambulatory surgical centres is expected to rise at a 7.1% annual rate. The acceptance of EHR in these facilities will be fueled by ambulatory surgical centres' growing preference for digital technologies to efficiently manage workflow. These are outpatient facilities offering planned surgeries and same-day surgical services.

Hospitals
Specialty centers
Clinics
Ambulatory surgical centers
Others

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.