Canada Electronic Health Records Market Report 2022 to 2030

Canada Electronic Health Records Market Analysis

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The Canada Electronic Health Records market size was valued at $2.26 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 4% from 2022 to 2030 and will reach $3.09 Bn in 2030. Canada's EHR market growth can be attributed to the surging need for remote monitoring and chronic disease management. The market is segmented by product type, application type, and end user. The key market players are Allscripts, Cerner, Epic Systems, and others.

ID: IN10CADH008 CATEGORY: Digital Health GEOGRAPHY: Canada AUTHOR: Chandani Patel

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Canada Electronic Health Record (EHR) Market Executive Summary

The Canada Electronic Health Record market size was valued at $2.26 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 4% from 2022 to 2030 and will reach $3.09 Bn in 2030. In Canada, healthcare expenditure refers to the amount of money spent on healthcare services and programs. According to the Canadian Institute for Health Information (CIHI), healthcare expenditure in Canada has been steadily increasing over the past several years.

In 2020, total healthcare expenditure in Canada was $242.2 Bn, which represents 11.5% of the country's gross domestic product (GDP). This represents an increase of 3.2% from the previous year. The majority of healthcare expenditure in Canada is financed through public funding, with about 70% of healthcare expenditure coming from government sources such as federal and provincial/territorial governments. The remaining 30% is financed through private sources such as out-of-pocket payments and private insurance. Per capita healthcare expenditure in Canada, which is the amount of money spent on healthcare per person, was $6,604 in 2020. This can vary by province or territory, with some having higher per capita expenditure than others.

EHR is designed primarily to replace a patient's paper medical records. It also makes other features possible. Healthcare facilities can use an EHR to electronically receive, collect, store, manage, output, display, and transmit patient medical information both inside and outside of their own facility. A healthcare provider can use an EHR to verify and update a patient's medical records or to issue orders (for example, orders for medications, procedures, or tests). In Canada hospitals and clinics are adopting HER, Hence Canada EHR market will grow during the forecast period.

canada electronic health records market

Market Dynamics

Market Growth Drivers

The EHR (electronic health record) market in Canada is expected to grow in the coming years, driven by a variety of factors.The Canadian government has implemented various initiatives to promote the adoption of EHRs in the healthcare system, such as the Canada Health Infoway program, which provides funding and resources to support the implementation and use of EHRs. Moreover, increasing demand for improved patient care and safety: EHRs can help healthcare providers improve patient care and safety by providing real-time access to patient information and enabling better coordination of care.

Furthermore, EHRs can provide valuable data for healthcare providers to analyze and improve patient care, such as identifying trends in patient health and identifying opportunities for disease management and prevention. Additionally, EHRs can facilitate interoperability and data exchange between different healthcare providers, which can improve patient care and reduce costs.

Market Restraints

EHRs can be expensive to implement and maintain, which can be a barrier for some healthcare providers. Moreover, the lack of standardization in EHRs can make it difficult for healthcare providers to share and exchange data with other providers, which can limit the potential benefits of EHRs. Furthermore, EHRs can contain sensitive patient information, and there are concerns about the security and privacy of this information. Some healthcare providers may be resistant to change and may be hesitant to adopt EHRs.

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

In Canada, electronic health records (EHRs) are regulated by the provinces and territories. Each jurisdiction has its own legislation and regulations regarding the use and management of EHRs. The federal government also has laws and guidelines that apply to EHRs, such as the Personal Information Protection and Electronic Documents Act (PIPEDA), which sets out rules for the collection, use, and disclosure of personal information in the private sector, including health information. Additionally, the Canadian Medical Association has developed guidelines for the use and management of EHRs in the healthcare sector.

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.