Finland Electronic Health Records Market Report 2022 to 2030

Finland Electronic Health Records Market Analysis

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Finland's Electronic Health Record (EHR) market size was valued at $XX Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of xx% from 2022 to 2030 and will reach $xx Bn in 2030. The market is segmented by product, application, and end user. The Finland EHR market will grow due to government initiatives to promote the adoption of EHRs. The key market players are Kanta, MediSapiens, Cerner, Siemens Healthineers, and others.

ID: IN10FIDH008 CATEGORY: Digital Health GEOGRAPHY: Finland AUTHOR: Chandani Patel

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Finland Electronic Health Record (EHR) Market Executive Summary

Finland's Electronic Health Record (EHR) market size was valued at $XX Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of xx% from 2022 to 2030 and will reach $xx Bn in 2030. The electronic health record (EHR) market in Finland is a growing industry, with a focus on digitalization and modernization of healthcare services. The Finnish government has implemented a national EHR system, which is used by all public healthcare providers and aims to improve the efficiency, safety, and accessibility of healthcare services. Private healthcare providers also use EHR systems, which are typically provided by commercial vendors. The EHR market in Finland is highly competitive, with a number of international and local companies offering solutions.

Finland has a publicly funded healthcare system, which is financed by taxes and overseen by the Ministry of Social Affairs and Health. The overall healthcare expenditure in Finland is relatively high compared to other European countries, with total healthcare spending in 2020 estimated to be around 9.8% of the country's GDP. The Finnish healthcare system provides universal coverage for its citizens and residents and covers a wide range of services including primary care, hospital care, prescription drugs, and long-term care. The government sets the prices for healthcare services and negotiates reimbursement rates with healthcare providers.

In recent years, the Finnish government has implemented a number of cost-saving measures to control healthcare expenditure, such as reducing the number of hospital beds and promoting the use of telemedicine. Despite these efforts, healthcare spending in Finland is expected to continue to increase in the coming years due to an aging population and the rising costs of medical treatments and technology.

Market Dynamics

Market Growth Drivers

The electronic health record (EHR) market in Finland is driven by a number of factors, including the government's focus on the digitalization and modernization of healthcare services, the increasing need for efficient and accurate medical data management, and the growing adoption of telemedicine and remote patient monitoring

The Finnish government has implemented a national EHR system, which is used by all public healthcare providers and aims to improve the efficiency, safety, and accessibility of healthcare services. This has led to increased demand for EHR solutions in the country and has created opportunities for vendors to sell their products and services.

One of the major growth drivers for the EHR market in Finland is the increasing adoption of telemedicine and remote patient monitoring. With the COVID-19 pandemic, the need for remote care and virtual consultations has increased, and this is likely to drive the adoption of EHR systems that can support these services.

Market Restraints

The main restraint for the EHR market in Finland is the high cost of implementation and maintenance of EHR systems, which can be a barrier for smaller healthcare providers. Additionally, concerns about data security and privacy may also deter some healthcare providers from adopting EHR systems.

In conclusion, the EHR market in Finland is expected to grow in the coming years, driven by government initiatives, increasing adoption of telemedicine and remote patient monitoring, and the growing need for efficient medical data management. However, high costs and data security concerns are expected to remain as potential barriers to growth.

Competitive Landscape

Key Players

TietoEVRY (FIN)
Kanta (FIN)
MediSapiens (FIN)
Cerner
Siemens Healthineers
MEDITECH
NextGen Healthcare
Epic Systems
Siemens Healthineers

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

Finland has implemented a number of regulations to ensure the safe and secure use of electronic health records (EHRs) in the country. These regulations are designed to protect patients' personal and medical information and to ensure that EHRs are used in a way that improves the quality and efficiency of healthcare services.

The Finnish government has implemented a national EHR system, which is used by all public healthcare providers and is regulated by the Ministry of Social Affairs and Health. The national EHR system is based on the EU's eHealth Network and Connecting Europe Facility (CEF) eHealth Digital Service Infrastructure (DSI), and is compliant with EU regulations on data protection and privacy, such as the General Data Protection Regulation (GDPR).

All EHR systems used by healthcare providers in Finland must comply with the national EHR system and must be certified by the Finnish Medicines Agency (Fimea) before they can be used in the country. These systems must also comply with the EU's Medical Device Regulation (MDR) and In-Vitro Diagnostics Regulation (IVDR). In addition, the Finnish National Data Protection Authority (NDPA) is responsible for enforcing data protection regulations and ensuring that healthcare providers are compliant with EU regulations on data protection and privacy.

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.