Press release
Australia Electronic Health Records Market 2023 To Show Startling Growth During Forecast Period 2023-2028
The Australia Electronic Health Records Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global Australia Electronic Health Records market. This report explores all the key factors affecting the growth of the global Australia Electronic Health Records market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.
Get PDF Sample Report Now! @ https://www.prudentmarkets.com/sample-request/141776/
Report Description of the Australia Electronic Health Records Market Analysis
Research Scope and Assumption
The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
Inflation has not been accounted for in order to estimate and forecast the market
Numbers may not add up due to rounding off
Reason to buy the report:
Facilitate decision-making based on strong current and forecast data for Australia Electronic Health Records Market Analysis
Develop strategies based on the latest regulatory framework
Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Australia Electronic Health Records Market Analysis
Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
To strategically profile key players and comprehensively analyze their market shares and core competencies
We have technically sound team which do a deep dive research and also provide strategy based consulting analysis
Australia Electronic Health Records Market Analysis Executive Summary
On average, every year an Australian has 22 interactions with healthcare providers, including 4 visits to GPs, 12 prescriptions, 3 visits to specialists11, and most of the information of these interactions has been held in paper-based files or non-shared databases. The medical information may be inconsistent between files, inaccurate because of lack of standards, incorrect because of manual operation, and is not available in emergency situations. It is estimated that 5,000 Australians die each year due to adverse medical events; 18% of medical errors in Australia occur from inadequate information; nearly 30% unplanned hospital admissions are associated with prescribing errors; and approximately 13% of healthcare provider consultation suffers missing information
Market Size and Key Findings
The Australia Electronic Health Records Market Analysis size stood at around USD 5.26 billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of 8.5% during the forecast period.
According to a report by Global Market Insights, the EHR market size in Australia was valued at US $526.3 million in 2020 and is expected to witness over 8.5 per cent in exponential growth rate (CAGR) from 2019 to 2025. Australias EHR market size growth contributes significantly to global numbers expected Global Market Insights estimates this to be US$38 billion by 2028.
Market Dynamics
Market Growth Drivers Analysis
Digitization can also provide a platform for further enhancements in care delivery, including implementation of evidence-based electronic care paths between primary and secondary (hospital) care, built on improved transfer of information between different healthcare teams. Patient engagement in his or her own care can also be improved through EHRs, potentially enhancing health literacy. Decision-support systems and artificial intelligence which could improve safety and patient outcomes could also be applied to an EHR in a way that would be impossible with current paper-based systems.
Market Restraints
Many patients resent having to repeat their history to every healthcare professional they see. Money is wasted in duplicating diagnostic tests performed before hospital admission that are then repeated on admission, or where the results are not available when required. Emergency care can be compromised due to lack of accessible information.
COVID-19 impact on "Australia Electronic Health Records Market Analysis
During the COVID-19 era, efforts being made to deliver patient care and research were accelerated. Researchers collect data for studies and physicians provide patient care through telehealth and remote-controlled engagement tools. The trend towards higher visualization is likely to continue even after pandemic and will heighten infrastructural changes to fruitfully use IT innovations for continued connected healthcare.
Competitive Landscape
Key Players
Cerner Corporation, COMPUTER PROGRAMS AND SYSTEMS, INC. Allscripts Healthcare Solutions, Inc. McKesson Corporation, Epic Systems Corporation. and NextGen Healthcare are among the leading companies in the Europe Electronic health record (EHR) market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in March 2019, iKnowMed, McKessons oncology practice electronic health record (EHR) system, has been named the top ranked EHR platform for oncologists and hematologists for the eighth year in a row by Black Book Research.
Products in Pipeline
The web/cloud-based EHR software product market is expected to have large uptake. It was valued at US $12.5 billion in 2018. Web-based EHR provides improved speed and flexibility to the end users in terms of its operability. Access too many users simultaneously and wide network access further adds to the advantages of cloud-based EHR software. Moreover, web/cloud-based EHR software considerably saves cost that should escalate its adoption over the forthcoming years.
Notable Recent Deals
Healthcare associations such as the Royal College of Australian General Practitioners, the Pharmacy Guild of Australia and the Australian Healthcare and Hospital Association (AHHA) believe that adoption of EHR systems will reduce cost and improve safety, quality and efficiency of healthcare in the country.
Healthcare Policies and Regulatory Landscape
Policy changes and Reimbursement scenarioc
Government initiatives such as My Health Record, aimed at maintaining the health records of all the Australian citizens will also drive growth of various digital health systems platforms in the country. A change in the national government led to changes to the scheme, including rebranding as My Health Record, a new sponsoring agency (the Digital Health Agency) and, most importantly, a change from user opt-in to opt-out. This is where the project started to encounter serious difficulties: the public had not been properly prepared for this shift, and was mistrustful of the EHR program, despite patient organizations and many HCPs promoting the potential benefits.
The Australian government introduced MHR under the National e-Health Strategy. In 2016, the name of PCEHR was changed to My Health Record and citizens were provided an option to opt-out, unlike the old system where they had to opt-in and the government has since invested close to US$1.4bn over a period of 6 years in the MHR program.
An enormous effort by the Australian government and support from General Practitioners, Pharmacies and Healthcare Bodies pushed a large proportion of the population to opt for MHR. The federal government has also assured individuals that the data will be secure and consumers can choose to share information with healthcare professionals connected to MHR.
To Know More About COVID-19 Impact On Australia Electronic Health Records Market @ https://www.prudentmarkets.com/sample-request/141776/
Australia Electronic Health Records Market Analysis Segmentation
By Installation Type
In 2020, cloud-based segment accounted for the largest share of the market. Cloud-based solutions are cost-effective as cloud computing reduces the cost of managing and maintaining your IT systems. Cloud-based EHR offers flexibility and allows the user to access the data from any place. Also, developments by market players in this segment are likely to enhance the growth of the segment.
By Type:
The acute type segment had the largest market share. The growth is due to government initiatives to introduce EHRs in small facilities, for example in acute hospitals in the US covered by the inpatient prospective payment system (IPPS) and has the eligibility for the Medicare Incentive Payment System. Outpatient or Ambulatory EHRs are intended for use in outpatient care facilities and small practices. Government support for the introduction of outpatient EHRs, particularly during the Covid-19 pandemic, is expected to fuel market growth.
By End-User:
The hospital segment had the largest market share and will remain dominant in the forecast period. A large amount of medical data generated in hospitals drives the growth of the market. However, the Ambulatory Care segment is estimated to have the fastest CAGR due to the growing popularity and the number of Ambulatory care centers around the world is expected to drive growth in this segment.
Prudent Markets provides attractive discounts that fit your needs. Customization of the reports as per your requirement is also offered. Get in touch with our sales team, who will guarantee you a report that suits your needs.
Speak To Our Analyst For A Discussion On The Above Findings, And Ask For A Discount On The Report @ https://www.prudentmarkets.com/discount-request/141776/
The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global Australia Electronic Health Records Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.
Strategic Points Covered in Table of Content of Global Australia Electronic Health Records Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Australia Electronic Health Records market
Chapter 2: Exclusive Summary - the basic information of the Australia Electronic Health Records Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Australia Electronic Health Records
Chapter 4: Presenting the Australia Electronic Health Records Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Australia Electronic Health Records market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Any Questions? Feel Free To Enquire Here. We Will put you on the Right Path @ https://www.prudentmarkets.com/enquiry-request/141776/
Free Customization on the basis of client requirements on Immediate purchase:
1- Free country-level breakdown of any 5 countries of your interest.
2- Competitive breakdown of segment revenue by market players.
Customization of the Report:
This report can be customized to meet the client's requirements. Please connect with our sales team (sales@prudentmarkets.com), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +91 83560 50278 || USA/Canada(Toll Free): 1800-601-6071 to share your research requirements.
Get ready to Recognize the pros and cons of the regulatory framework, local reforms, and its effect on the Industry. Understand how the Leaders in Intelligent Network are keeping themselves one stage forward with our most up-to-date survey analysis.
In conclusion, the Australia Electronic Health Records Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and PESTLE analysis is also incorporated in the report.
Contact Us:
Allan Carter
Andheri, Maharashtra, 400102
USA/Canada(Toll Free): 1800-601-6071
Direct Line: +91 83560 50278
Mail: sales@prudentmarkets.com
Web: www.prudentmarkets.com
About Us:
We are leaders in market analytics, business research, and consulting services for Fortune 500 companies, start-ups, financial & government institutions. Since we understand the criticality of data and insights, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available. To be at our client's disposal whenever they need help on market research and consulting services. We also aim to be their business partners when it comes to making critical business decisions around new market entry, M&A, competitive Intelligence and strategy.
Get PDF Sample Report Now! @ https://www.prudentmarkets.com/sample-request/141776/
Report Description of the Australia Electronic Health Records Market Analysis
Research Scope and Assumption
The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
Inflation has not been accounted for in order to estimate and forecast the market
Numbers may not add up due to rounding off
Reason to buy the report:
Facilitate decision-making based on strong current and forecast data for Australia Electronic Health Records Market Analysis
Develop strategies based on the latest regulatory framework
Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Australia Electronic Health Records Market Analysis
Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
To strategically profile key players and comprehensively analyze their market shares and core competencies
We have technically sound team which do a deep dive research and also provide strategy based consulting analysis
Australia Electronic Health Records Market Analysis Executive Summary
On average, every year an Australian has 22 interactions with healthcare providers, including 4 visits to GPs, 12 prescriptions, 3 visits to specialists11, and most of the information of these interactions has been held in paper-based files or non-shared databases. The medical information may be inconsistent between files, inaccurate because of lack of standards, incorrect because of manual operation, and is not available in emergency situations. It is estimated that 5,000 Australians die each year due to adverse medical events; 18% of medical errors in Australia occur from inadequate information; nearly 30% unplanned hospital admissions are associated with prescribing errors; and approximately 13% of healthcare provider consultation suffers missing information
Market Size and Key Findings
The Australia Electronic Health Records Market Analysis size stood at around USD 5.26 billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of 8.5% during the forecast period.
According to a report by Global Market Insights, the EHR market size in Australia was valued at US $526.3 million in 2020 and is expected to witness over 8.5 per cent in exponential growth rate (CAGR) from 2019 to 2025. Australias EHR market size growth contributes significantly to global numbers expected Global Market Insights estimates this to be US$38 billion by 2028.
Market Dynamics
Market Growth Drivers Analysis
Digitization can also provide a platform for further enhancements in care delivery, including implementation of evidence-based electronic care paths between primary and secondary (hospital) care, built on improved transfer of information between different healthcare teams. Patient engagement in his or her own care can also be improved through EHRs, potentially enhancing health literacy. Decision-support systems and artificial intelligence which could improve safety and patient outcomes could also be applied to an EHR in a way that would be impossible with current paper-based systems.
Market Restraints
Many patients resent having to repeat their history to every healthcare professional they see. Money is wasted in duplicating diagnostic tests performed before hospital admission that are then repeated on admission, or where the results are not available when required. Emergency care can be compromised due to lack of accessible information.
COVID-19 impact on "Australia Electronic Health Records Market Analysis
During the COVID-19 era, efforts being made to deliver patient care and research were accelerated. Researchers collect data for studies and physicians provide patient care through telehealth and remote-controlled engagement tools. The trend towards higher visualization is likely to continue even after pandemic and will heighten infrastructural changes to fruitfully use IT innovations for continued connected healthcare.
Competitive Landscape
Key Players
Cerner Corporation, COMPUTER PROGRAMS AND SYSTEMS, INC. Allscripts Healthcare Solutions, Inc. McKesson Corporation, Epic Systems Corporation. and NextGen Healthcare are among the leading companies in the Europe Electronic health record (EHR) market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in March 2019, iKnowMed, McKessons oncology practice electronic health record (EHR) system, has been named the top ranked EHR platform for oncologists and hematologists for the eighth year in a row by Black Book Research.
Products in Pipeline
The web/cloud-based EHR software product market is expected to have large uptake. It was valued at US $12.5 billion in 2018. Web-based EHR provides improved speed and flexibility to the end users in terms of its operability. Access too many users simultaneously and wide network access further adds to the advantages of cloud-based EHR software. Moreover, web/cloud-based EHR software considerably saves cost that should escalate its adoption over the forthcoming years.
Notable Recent Deals
Healthcare associations such as the Royal College of Australian General Practitioners, the Pharmacy Guild of Australia and the Australian Healthcare and Hospital Association (AHHA) believe that adoption of EHR systems will reduce cost and improve safety, quality and efficiency of healthcare in the country.
Healthcare Policies and Regulatory Landscape
Policy changes and Reimbursement scenarioc
Government initiatives such as My Health Record, aimed at maintaining the health records of all the Australian citizens will also drive growth of various digital health systems platforms in the country. A change in the national government led to changes to the scheme, including rebranding as My Health Record, a new sponsoring agency (the Digital Health Agency) and, most importantly, a change from user opt-in to opt-out. This is where the project started to encounter serious difficulties: the public had not been properly prepared for this shift, and was mistrustful of the EHR program, despite patient organizations and many HCPs promoting the potential benefits.
The Australian government introduced MHR under the National e-Health Strategy. In 2016, the name of PCEHR was changed to My Health Record and citizens were provided an option to opt-out, unlike the old system where they had to opt-in and the government has since invested close to US$1.4bn over a period of 6 years in the MHR program.
An enormous effort by the Australian government and support from General Practitioners, Pharmacies and Healthcare Bodies pushed a large proportion of the population to opt for MHR. The federal government has also assured individuals that the data will be secure and consumers can choose to share information with healthcare professionals connected to MHR.
To Know More About COVID-19 Impact On Australia Electronic Health Records Market @ https://www.prudentmarkets.com/sample-request/141776/
Australia Electronic Health Records Market Analysis Segmentation
By Installation Type
In 2020, cloud-based segment accounted for the largest share of the market. Cloud-based solutions are cost-effective as cloud computing reduces the cost of managing and maintaining your IT systems. Cloud-based EHR offers flexibility and allows the user to access the data from any place. Also, developments by market players in this segment are likely to enhance the growth of the segment.
By Type:
The acute type segment had the largest market share. The growth is due to government initiatives to introduce EHRs in small facilities, for example in acute hospitals in the US covered by the inpatient prospective payment system (IPPS) and has the eligibility for the Medicare Incentive Payment System. Outpatient or Ambulatory EHRs are intended for use in outpatient care facilities and small practices. Government support for the introduction of outpatient EHRs, particularly during the Covid-19 pandemic, is expected to fuel market growth.
By End-User:
The hospital segment had the largest market share and will remain dominant in the forecast period. A large amount of medical data generated in hospitals drives the growth of the market. However, the Ambulatory Care segment is estimated to have the fastest CAGR due to the growing popularity and the number of Ambulatory care centers around the world is expected to drive growth in this segment.
Prudent Markets provides attractive discounts that fit your needs. Customization of the reports as per your requirement is also offered. Get in touch with our sales team, who will guarantee you a report that suits your needs.
Speak To Our Analyst For A Discussion On The Above Findings, And Ask For A Discount On The Report @ https://www.prudentmarkets.com/discount-request/141776/
The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global Australia Electronic Health Records Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.
Strategic Points Covered in Table of Content of Global Australia Electronic Health Records Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Australia Electronic Health Records market
Chapter 2: Exclusive Summary - the basic information of the Australia Electronic Health Records Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Australia Electronic Health Records
Chapter 4: Presenting the Australia Electronic Health Records Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Australia Electronic Health Records market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Any Questions? Feel Free To Enquire Here. We Will put you on the Right Path @ https://www.prudentmarkets.com/enquiry-request/141776/
Free Customization on the basis of client requirements on Immediate purchase:
1- Free country-level breakdown of any 5 countries of your interest.
2- Competitive breakdown of segment revenue by market players.
Customization of the Report:
This report can be customized to meet the client's requirements. Please connect with our sales team (sales@prudentmarkets.com), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +91 83560 50278 || USA/Canada(Toll Free): 1800-601-6071 to share your research requirements.
Get ready to Recognize the pros and cons of the regulatory framework, local reforms, and its effect on the Industry. Understand how the Leaders in Intelligent Network are keeping themselves one stage forward with our most up-to-date survey analysis.
In conclusion, the Australia Electronic Health Records Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and PESTLE analysis is also incorporated in the report.
Contact Us:
Allan Carter
Andheri, Maharashtra, 400102
USA/Canada(Toll Free): 1800-601-6071
Direct Line: +91 83560 50278
Mail: sales@prudentmarkets.com
Web: www.prudentmarkets.com
About Us:
We are leaders in market analytics, business research, and consulting services for Fortune 500 companies, start-ups, financial & government institutions. Since we understand the criticality of data and insights, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available. To be at our client's disposal whenever they need help on market research and consulting services. We also aim to be their business partners when it comes to making critical business decisions around new market entry, M&A, competitive Intelligence and strategy.
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