Singapore Electronic Health Records Market Report 2022 to 2030

Singapore Electronic Health Records Market Analysis

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Singapore'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. Singapore's EHR market growth is due to government initiatives to promote the use of EHR systems and increasing demand for cost-effective and efficient healthcare services. The market is segmented, by application type, and end user. The key market players are MIMS, Allscripts, Cerner, Epic Systems, and others.

ID: IN10SGDH008 CATEGORY: Digital Health GEOGRAPHY: Singapore AUTHOR: Chandani Patel

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Singapore Electronic Health Record (EHR) Market Executive Summary

Singapore'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. In Singapore, healthcare expenditure has been steadily increasing over the years. According to the Ministry of Health, the total healthcare expenditure in Singapore was SGD 15.9 Bn in 2019, which is equivalent to about 3.5% of the country's GDP. The major contributors to the healthcare expenditure in Singapore are hospital care and community care, which account for around 60% and 15% of the total expenditure respectively, and primary care and prescription drugs, which account for around 10% and 5% respectively. In terms of digital health spending, the government has been investing in the development and implementation of digital health solutions in order to improve the quality and efficiency of healthcare services. According to a report by Frost & Sullivan, digital health spending in Singapore is expected to reach SGD 1.7 Bn in 2022.

Singapore government is the largest payer of healthcare expenditure, accounting for around 80% of the total expenditure, followed by private health insurance, which accounts for around 20%. Digital health solutions have been a major focus for the government in recent years, with a significant amount of investment made in the development and implementation of digital health solutions to improve the efficiency and accessibility of healthcare services in Singapore.

Additionally, the Singapore government has been focusing on implementing digital health solutions such as telemedicine, electronic health records (EHRs), and health information exchange (HIE) systems to improve the accessibility, affordability, and quality of healthcare services. The government has been working to establish a nationwide EHR system, and make EHRs available to all secondary care providers to improve the coordination and continuity of care for patients. Currently, most healthcare providers in Singapore use EHRs, including public and private hospitals, primary care clinics, and specialist clinics. The government has been working towards making EHRs available to all secondary care providers too. Hence the demand for the EHR market in Singapore will grow during the forecast period.

Market Dynamics

Market Growth Drivers

The growth of the electronic health record (EHR) market in Singapore 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.

The Singapore government has been investing heavily in the development and implementation of EHR systems through the National Electronic Health Record (NEHR) system, which aims to establish a nationwide EHR system. This initiative is expected to drive the growth of the EHR market in Singapore, as it will increase the coordination and continuity of care for patients, and improve the accessibility and affordability of healthcare services.

Additionally, the aging population in Singapore is also expected to drive market growth. The government has implemented policies to improve healthcare for the aging population, and digital health solutions such as EHRs are expected to play a major role in achieving this goal.

Market Restraints

However, the growth of the EHR market in Singapore is also restrained by factors such as a lack of standardization and interoperability of EHR systems, a 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 market growth.

Overall, the Singapore government's focus on implementing digital health solutions and investing in the development and implementation of EHR systems is expected to drive the growth of the EHR market in Singapore. However, the market growth may also be restrained by factors such as lack of standardization and interoperability, lack of skilled personnel, and concerns about data privacy and security.

Competitive Landscape

Key Players

MIMS (SGP)
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 Singapore, the use of electronic health records (EHRs) is regulated by several laws and guidelines, including the Personal Data Protection Act (PDPA), the Health Sciences Authority (HSA) guidelines, and the Ministry of Health (MOH) guidelines.

The Personal Data Protection Act (PDPA) is a law that sets out how personal information must be handled by organizations, including healthcare providers. The PDPA regulates the collection, use, and disclosure of personal data and provides individuals with the right to access and correct their personal data.

The Health Sciences Authority (HSA) is responsible for the regulation of medical devices, including EHR systems. The HSA guidelines provide standards for the collection, use, and sharing of health information in Singapore. These standards are intended to ensure that health information is collected, used, and shared in a consistent and standardized way across the healthcare system, ensuring the safety and effectiveness of the EHR systems.

The Ministry of Health (MOH) is responsible for the regulation of healthcare providers that use EHR systems, ensuring that they are compliant with the regulations and standards as per the PDPA and HSA guidelines. The MOH also implements the National Electronic Health Record (NEHR) system, which aims to establish a nationwide EHR system. As part of the plan, the MOH is working to ensure that EHR systems are interoperable and that healthcare providers have the necessary skills and resources to use them effectively. Overall, the regulations and guidelines in Singapore aim to ensure that EHRs are used in a way that respects the privacy and security of patients’ health information, while also promoting the efficient and effective use of EHRs in the healthcare system.

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.