UK Electronic Health Records Market Report 2022 to 2030

UK Electronic Health Records Market Analysis

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The UK electronic health record market size was valued at $736 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 2% from 2022 to 2030 and will reach $862 Mn in 2030. This growth can be attributed to Technological advancements in healthcare offering a promising future for enhancing healthcare delivery through electronic health records. The market is segmented by product type, application type, and end user. Some of the major players are Cerner Healthcare, InPS, System C & Graphnet Health, TPP, and others.

ID: IN10GBDH008 CATEGORY: Digital Health GEOGRAPHY: UK AUTHOR: Chandani Patel

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UK Electronic Health Record Market Executive Summary

The UK Electronic Health Record market size was valued at $736 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 2% from 2022 to 2030 and will reach $862 Mn in 2030. The United Kingdom has a National Health Service (NHS) that provides healthcare to all citizens. The NHS is primarily funded by taxes and national insurance contributions. As of 2021, the UK's healthcare expenditure as a percentage of GDP is around 9.9%. This is relatively low compared to other developed countries. However, the NHS is also known for its efficiency and high quality of care.

The electronic health record (EHR) is a digital version of a patient’s medical records. EHRs are patient-centered and real-time records that make patient data available instantly and securely to authorized healthcare professionals. It contains the patient's medical history, medications, allergies, treatment plans, diagnoses, immunization dates, radiology images, and laboratory test results. Thus, the increasing adoption of Electronic Health Records (EHRs) is expected to create a significant demand for electronic health records (EHR) in the coming years, which is further anticipated to drive the electronic health record (EHR) market.

The United Kingdom has a National Health Service (NHS) that provides healthcare to all citizens. The NHS has been working towards the implementation of a national electronic health record (EHR) system for many years. The main objective of the EHR system is to provide a comprehensive record of a patient's health information that can be accessed by authorized healthcare providers across the NHS. This will help to improve the continuity of care and to reduce the risk of errors. Hence, due to government support the EHR market will be rising during the forecast period in the UK.

UK electronic health records market report 2022 to 2030

Market Dynamics

Market Growth Drivers

Technological advancements in healthcare offer a promising future for enhancing healthcare delivery through electronic health records. Natural language processing software is a speech recognition software that enables enhancing interaction with electronic health records. This technology enables the physician to save valuable time and be available for the patients at a given precise time.

Predictive analytics methods use modelling, statistics, and data mining in coordination with artificial intelligence (AI), for better clinical outcomes based on electronic health records for improving care delivery and improving better patient experience.

Large hospitals are seeing benefits from EMR implementation and integration with their core operations. Through the value chain, the streamlining of the process decreases or stops revenue leaks. By lowering administrative costs and improving data accuracy, long-term EMR use will result in cost savings. Doctors are able to treat patients more effectively with the use of EMR thanks to easy and accurate data accessibility. Clinical data gathering at the time of care increases productivity and boosts data quality. The regulatory agencies and pharmaceutical corporations use the data gathered to enhance the PMS (post-marketing surveillance) of medications. Considering all these factors the UK EHR market will grow in the coming years.

The introduction of EMRs and their integration with large hospitals' core operations are paying off. The process's simplification reduces or halts revenue leaks throughout the value chain. Long-term usage of EMR will reduce costs by enhancing data accuracy and reducing administrative costs. Thanks to easy and precise data accessibility provided by EMR, doctors can treat patients more successfully. Clinical data collection during patient treatment improves productivity and data quality. The information gathered is used by pharmaceutical companies and regulatory bodies to improve post-marketing surveillance (PMS) of drugs. The UK EHR market will expand in the upcoming years in light of all these considerations.

Market Restraints

At the turn of the century, the health records of UK citizens were often held locally, with the result that there was no coordinated system. "Although electronic health records (EHRs) are widely viewed as central to modernizing the organization and delivery of sustainable, high-quality healthcare, the uptake of such records in hospitals has tended to be slow. Approaches to the deployment of EHRs vary from home-grown systems in single organizations with the necessary technical and managerial capacity; to interoperability standards for linking multiple information technology (IT) systems; to top-down, government-driven, and national implementations of standardized, commercial software applications.

Competitive Landscape

Key Players

InPS
System C & Graphnet Health
TPP
DocEngage Informatics
Gem3s Technologies
NovoCura Tech Health Services
Practo Technologies
Cerner Healthcare
Epic Systems
Allscripts
McKesson
Meditech
Athenahealth
NextGen Healthcare
GE Healthcare
Drchrono

Healthcare Policies and Regulatory Landscape

In 2002, the UK government launched the development of the National Programme for Information Technology (NPfIT) NHS Care Records Service, which was intended to deliver an electronic health records system containing patient records from across the UK. There were problems with poor user requirements analysis, the failure to address patient confidentiality, overambitious timescales, and enormous cost overruns. It was eventually closed down in 2011 as part of the dismantling of the NPfIT programme.

The UK government chose the top-down, government-driven approach: a "nationwide implementation of EHRs, known as the NHS Care Records Service, is the cornerstone of the $13.34 Bn National Programme for Information Technology (NPfIT)". This very ambitious approach required enormous resources. "In order to begin the process of creating a system that supports health IT for the entire nation, the UK with the help of four companies including the US-based company, the Computer Sciences Corporation (CSC), began one of the largest and ambitious health IT projects that the world had ever seen in early 2002... NPfIT attempted to create a national EHR system for the entire UK. It was a project that would eliminate the challenges of interoperability between various competitive EHR systems around the UK." The initiative came to an end in 2011. "Launched in 2002 and officially dismantled in 2011, NPfIT included the first sustained national attempt to introduce centrally-procured EHR systems across the NHS's hospitals, including mental health settings."

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

UK 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 centers is expected to rise at a 7.1% annual rate. The acceptance of EHR in these facilities will be fueled by ambulatory surgical centers' 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.