The global wireless Electronic Health Records (EHRs) market size is expected to reach USD 91.72 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Market revenue growth is primarily driven by increasing deployment and use of more advanced technologies and devices to enhance treatment quality and efficiency in tracking clinical information of patients. Benefits obtained by deploying wireless EHRs include reduced medical errors, improved patient care and safety, and reduction in healthcare costs. Connected EHRs over secure wireless or the Internet enable remote access to medical records via satellite sites, or even from home. Convenience and quick access to patient information by authorized healthcare personnel to enable faster response and enhanced treatment are other key factors expected to boost revenue growth of the market during the forecast period.
Mobile electronic health records on iOS and Android devices are one of the growth areas in the wireless electronic health record market. Accessing an electronic health record via mobile device such as smartphone or tablet helps in improving efficiency of inpatient medical care by facilitating earlier order entry and decreases inpatient data management time. Adoption of these solutions continues to increase and is being deployed by an increasing number of hospitals and healthcare centers, and the trend is expected to continue over the forecast period.
Wireless Electronic Health Records Market can be considered a profound analysis of the global Wireless Electronic Health Records industry that focuses on crucial data and information pertaining to the sales and revenue shares. The market evaluations over the forecast years are based on a comprehensive analysis of the leading market segments, such as product type outlook, application continuum, regional overview, and competitive landscape of the global Wireless Electronic Health Records market. The report offers a holistic coverage of the Wireless Electronic Health Records market, laying emphasis on the key factors influencing the industrial growth, technological developments taking place in the industry, and current and emerging trends witnessed in the leading regional markets
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Key Highlights From the Report
In October 2020, KareXpert launched a new integrated, cloud-based platform, with built-in EHR in India. The new platform is expected to help healthcare facilities in the country to go paperless. The new platform is suited for Artificial Intelligence (AI) and has ability to support patients, nurses, and doctors on mobile and desktop devices, by compiling data involving medication administration requests, computerized physician order entry, and patient health records. The platform has the potential to support multi-facility location hospitals to have integrated EHR per patient on a real-time basis.
Wireless electronic health records devices segment accounted for largest revenue share in 2020. Increase preference for remote patient monitoring and need for timely intervention to prevent acute exacerbations of chronic illness are major factors boosting demand for wireless electronic health record devices.
Clinical segment revenue is expected to expand at a rapid CAGR during the forecast period. Ability of wireless EHRs to provide clinical functions such as results management, health information and data, decision supports, and order entry and support is expected to boost revenue growth of this segment during the forecast period.
This section of the report performs a thorough investigation into the intensely competitive landscape of the global Wireless Electronic Health Records market, highlighting the leading manufacturers, strategic initiatives adopted by them, the existing growth prospects, market positions, and market shares held by each participant. The report further emphasizes the developmental strategies undertaken by these companies, including product innovation, new product launches, and technological upgradation. Moreover, the report studies the notable business events observed in this industry, such as mergers & acquisitions, joint ventures, partnerships, corporate deals, and brand promotions. The key industry participants include:
Abbott Laboratories, Drägerwerk AG, General Electric Company, Honeywell International Inc., Medtronic plc, Oracle Corporation, Siemens AG, Allscripts Healthcare Solutions, Inc., AMD Global Telemedicine, Inc., and Carematix Inc.
Global Wireless Electronic Health Records Market Report – Segmental Analysis:
The global Wireless Electronic Health Records business vertical has been extensively categorized on the basis of product type, application gamut, end-user industries, and a competitive overview. The report inspects the current market scenario, its past performance, demand and supply ratios, production and consumption rates, sales, and numerous growth opportunities available in the market. It further estimates the prospective growth of the leading regional segments of the market, which is beneficial for readers to gain impactful insights into the Wireless Electronic Health Records business sector. A clear outline of the competitive landscape of the market is expected to help businesses involved in this sector decipher the optimal business moves to reach their desired business goals.
Emergen Research has segmented the global wireless electronic health records market on the basis of type, application, end-use, specialty, mobile technologies, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
Wireless Electronic Health Records Software
Wireless Electronic Health Records Devices
Application Outlook (Revenue, USD Billion; 2018–2028)
End-use Outlook (Revenue, USD Billion; 2018–2028)
Long-term Care Facilities
Specialty Outlook (Revenue, USD Billion; 2018–2028)
Obstetrics and Gynecology
Mobile Technologies Outlook (Revenue, USD Billion; 2018–2028)
Radio Frequency Identification (RFID)
Key Geographies Profiled in the Report:
North America(the U.S., Mexico, and Canada)
Asia Pacific(China, Japan, India, and Rest of Asia Pacific)
Europe(the U.K., France, Germany, and Rest of Europe)
Latin America(Brazil and Rest of Latin America)
Middle East & Africa(GCC Countries and Rest of Middle East & Africa)
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Key Objectives of the Global Wireless Electronic Health Records Market Report:
An all-inclusive analysis and forecast estimation of the market have been included in this report.
The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Wireless Electronic Health Records market and its leading players.
The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.
The report, additionally, presents a comprehensive analysis of the key elements of the Wireless Electronic Health Records market that influence its growth over the projected timeline. These vital elements include the key drivers, constraints, opportunities, limitations, threats, and micro and macro-economic factors. The authors of the report have implemented a set of analytical tools, such as SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis, to offer strategic recommendations to the new entrants on how to overcome the entry-level barriers.
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