New Zealand Electronic Health Records Market Report 2022 to 2030

New Zealand Electronic Health Records Market Analysis

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The New Zealand Electronic Health Record (EHR) market size was valued at $514 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 7% from 2022 to 2030 and will reach $884 Mn in 2030. This growth can be attributed to hospitals seeing benefits from EMR implementation and integration with their core operations. The market is segmented by product, application, and end user. Some of the major players Orion Health, Medtech Global, Best Practice Software, HealthLink, Medical Director, and others.

ID: IN10NZDH008 CATEGORY: Digital Health GEOGRAPHY: New Zealand AUTHOR: Chandani Patel

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New Zealand Electronic Health Record (EHR) Market Executive Summary

The New Zealand 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. In New Zealand, healthcare expenditure is primarily financed through a publicly funded system, known as the New Zealand public healthcare system, or "NZPH." The NZPH is funded through general taxation, and provides a wide range of healthcare services, including primary care, hospital care, and prescription drugs, to all residents and citizens of New Zealand.

The total healthcare expenditure in New Zealand has been steadily increasing over the years, with the most recent data from 2019, showing that the country spent around NZD 18.8 Bn on healthcare, which is equivalent to about 8.9% of the country's GDP. The major contributors to the healthcare expenditure in New Zealand are hospital care, which accounts for around 42% of the total expenditure, primary care, which accounts for around 35%, and prescription drugs, which account for around 12%. Overall, the government is the largest payer of healthcare expenditure in New Zealand, accounting for around 84% of the total expenditure, followed by private health insurance, which accounts for around 8%, and out-of-pocket expenditure, which accounts for around 8%.

EMR facilitates clinicians' ability to make informed medical decisions. Additionally, EMR makes it possible for care providers to quickly gather, store, and retrieve patient medical information with the use of the hospital information system (HIS). Along with managing medical data, EMR supports workflow management, hospital order administration, and data security. The existing paper-based approach is inefficient, expensive to maintain, and wasteful. Contrarily, the benefits of EMR include collaboration, portability, and straightforward data recovery.

The New Zealand government has been promoting the use of EHRs as a way to improve the quality and efficiency of healthcare services. The use of EHRs in New Zealand is primarily driven by the National Health IT Plan, which aims to implement a nationwide EHR system. The National Health IT Plan includes several initiatives to promote the use of EHRs, such as the implementation of a shared care record, which allows healthcare providers to access a patient's health information from multiple sources, and the development of a national EHR system, which will allow healthcare providers to access a patient's health information from any location. Currently, most primary care providers in New Zealand use EHRs, and the government is working towards making EHRs available in all secondary care providers too. The use of EHRs in New Zealand is expected to increase in the future, as the government continues to invest in the development and implementation of EHR systems.

Market Dynamics

Market Growth Drivers

The growth of the electronic health record (EHR) market in New Zealand is driven by factors such as government initiatives to promote the use of EHR systems, increasing demand for cost-effective and efficient healthcare services, and growing awareness about the benefits of EHR systems among healthcare providers.

Additionally, the aging population in New Zealand is also expected to drive market growth. The Government has been focusing on implementing a nationwide EHR system and making EHRs available to all secondary care providers.

Market Restraints

The growth of the EHR market in New Zealand is restrained by factors such as lack of standardization and interoperability of EHR systems, lack of skilled personnel to operate and maintain EHR systems, and concerns about data privacy and security. Additionally, the high cost of EHR systems and the lack of reimbursement policies for EHR systems can also act as a restraint to New Zealand EHR market growth.

There are also some challenges facing the use of EHRs in New Zealand, such as lack of standardization and interoperability of EHR systems, lack of skilled personnel to operate and maintain EHR systems, and concerns about data privacy and security. Additionally, there are also concerns about the high cost of EHR systems and the lack of reimbursement policies for EHR systems which can act as a restraint for market growth.

Competitive Landscape

Key Players

Orion Health (NZL)
Medtech Global (NZL)
Best Practice Software (NZL)
HealthLink (NZL)
Medical Director (NZL)
Green Cross Health (NZL)
Health Connections (NZL)
Cerner Healthcare
Epic Systems
Allscripts
McKesson
Meditech
Athenahealth
NextGen Healthcare
GE Healthcare
Drchrono

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

In New Zealand, the use of electronic health records (EHRs) is regulated by several laws and guidelines, including the Health Information Privacy Code 1994, the Privacy Act 1993, and the Health Information Standards (HIS) guidelines.

The Health Information Privacy Code 1994 is a code of practice that sets out the rules for how healthcare providers must handle personal health information, including how it can be collected, used, and disclosed. The Privacy Act 1993 is a law that sets out how personal information must be handled by organizations, including healthcare providers.

The Health Information Standards (HIS) guidelines provide standards for the collection, use, and sharing of health information in New Zealand. These standards are developed by the Ministry of Health and are intended to ensure that health information is collected, used, and shared in a consistent and standardized way across the healthcare system.

The Ministry of Health is also responsible for implementing the National Health IT Plan, which aims to establish a nationwide EHR system. As part of the plan, the ministry is working to ensure that EHR systems are interoperable and that healthcare providers have the necessary skills and resources to use them effectively. In addition, the Ministry of Health also regulates the healthcare providers that are implementing EHRs, by ensuring they are compliant with the regulations and standards as per the above-mentioned acts and guidelines.

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.