China's Electronic Health Records market size was valued at $2.27 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 5.5% from 2022 to 2030 and will reach $3.49 Bn in 2030. China'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 iSoftStone, Neusoft Medical Systems, Mindray Medical International, GE Healthcare, and others.
China's Electronic Health Records market size was valued at $2.27 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 5.5% from 2022 to 2030 and will reach $3.49 Bn in 2030. In 2021, health expenditure in China equalled about 6.7 % of the GDP, down from 7.1 % in the previous year.
Electronic Health Records (EHRs) are digital archives of a patient's medical history that are maintained for medical purposes and accessible at any time by qualified medical staff. According to the U.S. Department of Health and Human Services, EMRs are electronic medical records that can be created, gathered, managed, and consulted by authorized clinicians and staff inside a single healthcare organization. The treatment process is therefore more precise in emergency cases like a stroke or allergic response thanks to these records.
The adoption rates of hospital EHRs in China have increased significantly in the past 10 years. The number of hospitals that adopted EHRs in China exceeded 16,000, which was 3.3 times that of the 4814 non-federal US hospitals. The China EHR market is primarily driven by the growing number of patients suffering from chronic illness and lifestyle disorders, the rising old age population base, and the surging need for remote monitoring and chronic disease management.
Market Growth Drivers
The China EHR market is growing due to the abundance of medical data produced in hospitals. Additionally, installing electronic health records in hospitals is less expensive than in ambulatory care facilities, which contributes to the expansion of the market. Additionally, they aid in time savings for large hospitals, which further stimulates the industry. Additionally, the industry is anticipated to grow as a result of small and midsized hospitals having a high adoption rate of electronic health records due to things of implementation ease.
Ambulatory care facilities offer convenience to both patients and healthcare professionals. The category is anticipated to be driven by the growing number of ambulatory care facilities in both established and developing nations. The use of electronic health records is higher in large-scale ambulatory care centers than in small-scale ones within ambulatory care facilities. This is due to the greater installation costs of electronic health records in ambulatory care facilities and the ease with which large-scale facilities can access capital investments, as well as their ability to manage productivity issues.
Market Restraints
Healthcare providers may be discouraged from deploying EHRs due to the lack of standardization in the Chinese EHR industry. Due to the considerable up-front costs associated with installing an EHR system, certain healthcare providers may find it challenging. It could be difficult to create and sustain an EHR system in China due to the country's limited IT infrastructure. Concerns exist regarding the security and privacy of electronic health information. Some medical professionals can also be reluctant to adopt new technology, which could impede the growth of the China EHR Market.
Key Players
Policy changes and Reimbursement scenario
China has implemented several regulations related to electronic health records (EHRs) to ensure the security and privacy of patients’ personal and medical information. Some notable regulations include:
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
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
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.
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.
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:
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:
2. Primary Research
To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:
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:
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.
We value your inquiry and offer free customization with every report to fulfil your exact research needs.