South and Central America Electronic Health Record (EHR) Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Installation Type (Cloud-Based, and On-Premise); Type (Acute EHR, Ambulatory EHR, and Post-Acute EHR); End User (Hospitals, Pharmacies, Diagnostic and Imaging Centers, Ambulatory Care Centers, and Other End Users)
Market Introduction
Electronic health record (EHR) is a digital version of patient’s medical records. EHRs are patient-centred and real-time records, that make patient data available instantly and securely to authorized healthcare professionals. It contains patient's medical history, medications, allergies, treatment plans, diagnoses, immunization dates, radiology images, and laboratory test results.
Thus, an increasing adoption of Electronic Health Records (EHRs) is expected to create a significant demand for electronic health record (EHR) in the coming years, which is further anticipated to drive the electronic health record (EHR) market.
The outbreak of COVID–19 has severely impacted the flow of medical services in the region. Also, the countries are popular for medical tourism, which is also affected by the pandemic. Brazil, Argentina, Peru, Chile, Uruguay, Colombia are affected by the second wave of corona infection. Among which Brazil has registered the majority of the deaths. Moreover, countries are significantly dependent on the US and European countries for their medical resources. Thus, the region's market has experienced a significant slowdown and is expected to face the same in the following two to three years.
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Market Overview and Dynamics
The Electronic health record (EHR) market in South and Central America is expected to grow from US$ 458.6 million in 2021 to US$ 607.5 million by 2028; it is estimated to grow at a CAGR of 4.1% from 2021 to 2028. Increasing adoption of the patient-centric approach by healthcare payers and rising demand for electronic health records (EHRs) are contributing to the market growth. EHRs are becoming increasingly popular as the digitization of the healthcare industry is growing at a significant rate. According to Definitive Healthcare data from 2020, more than 89% of all hospitals have implemented inpatient or ambulatory EHR systems. Further, as per the World Health Organization (WHO), more than 50% of upper-middle- and high-income countries have adopted national EHR systems. Governments worldwide are focusing on laying down the standards, regulations, and infrastructure for maintaining health records, which is increasing the demand for patient portals. With the facts and statistics stated above, it is evident that the EHRs adoption rate is expected to improve during the forecast period.
Key Market Segments
In terms of installation type, the cloud-based segment accounted for the largest share of the South and Central America electronic health record (EHR) market in 2020. In terms of type, the acute EHR segment accounted for the largest share of the South and Central America electronic health record (EHR) market in 2020. In terms of end user, the hospitals segment held a larger market share of the electronic health record (EHR) market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the electronic health record (EHR) market in South and Central America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Cerner Corporation, Allscripts Healthcare Solutions, Inc., McKesson Corporation, and Epic Systems Corporation.
Reasons to buy report
- To understand the South and Central America electronic health record (EHR) market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for South and Central America electronic health record (EHR) market
- Efficiently plan M&A and partnership deals in South and Central America Electronic health record (EHR) market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form South and Central America Electronic health record (EHR) market
- Obtain market revenue forecast for market by various segments from 2021-2028 in South and Central America region.
SOUTH AND CENTRAL AMERICA ELECTRONIC HEALTH RECORD (EHR) MARKET SEGMENTATION
By Installation Type
- Cloud-Based
- On-Premise
By Type
- Acute EHR
- Ambulatory EHR
- Post-Acute HER
By End User
- Hospitals
- Diagnostic and Imaging Centers
- Ambulatory Care Centers
- Pharmacies
- Other
By Country
- South and Central America
- Brazil
- Argentina
- Rest of South and Central America
Companies Mentioned
- Cerner Corporation
- Allscripts Healthcare Solutions, Inc.
- McKesson Corporation
- Epic Systems Corporation.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Electronic Health Record (EHR) Market – By Installation Type
1.3.2 Electronic Health Record (EHR) Market – By Type
1.3.3 Electronic Health Record (EHR) Market – By End User
1.3.4 South and Central America Electronic Health Record (EHR) Market – By Country
2. South and Central America Electronic Health Record (EHR) Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South and Central America Electronic Health Record (EHR) Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Electronic Health Record (EHR) Market- South and Central America PEST Analysis
4.3 Expert Opinion
5. South and Central America Electronic Health Record (EHR) Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption of Electronic Health Records (EHRs)
5.1.2 Rising Incentives by Federal Government
5.1.3 Growing Incidences of Medication Errors
5.2 Market Restraints
5.2.1 Concerns Regarding Data Privacy
5.2.2 Physician Burnout
5.3 Market Opportunities
5.3.1 Growing Healthcare IT industry in Emerging Economies
5.4 Future Trends
5.4.1 Combining EHR With Artificial Intelligence and Voice Recognition
5.5 Impact Analysis
6. Electronic Health Record (EHR) Market – South and Central America Analysis
6.1 South and Central America Electronic Health Record (EHR) Market Revenue Forecasts and Analysis
7. South and Central America Electronic Health Record (EHR) Market Analysis and Forecasts To 2028 – By Installation Type
7.1 Overview
7.2 Electronic Health Record (EHR) Market Revenue Share, by Installation Type (2020 and 2028)
7.3 Cloud-Based
7.3.1 Overview
7.3.2 Cloud-Based: Electronic Health Record (EHR) Market– Revenue and Forecast to 2028 (US$ Million)
7.4 On Premise
7.4.1 Overview
7.4.2 On Premise: Electronic Health Record (EHR) Market– Revenue and Forecast to 2028 (US$ Million)
8. South and Central America Electronic Health Record (EHR) Market Analysis and Forecasts To 2028 – By Type
8.1 Overview
8.2 Electronic Health Record (EHR) Market Revenue Share, by Type (2020 and 2028)
8.3 Acute EHR
8.3.1 Overview
8.3.2 Acute EHR: Electronic Health Record (EHR) Market– Revenue and Forecast to 2028 (US$ Million)
8.4 Ambulatory EHR
8.4.1 Overview
8.4.2 Ambulatory EHR: Electronic Health Record (EHR) Market– Revenue and Forecast to 2028 (US$ Million)
8.5 Post-Acute EHR
8.5.1 Overview
8.5.2 Post-Acute EHR: Electronic Health Record (EHR) Market– Revenue and Forecast to 2028 (US$ Million)
9. South and Central America Electronic Health Record (EHR) Market Analysis and Forecasts to 2028– By End User
9.1 Overview
9.2 Electronic Health Record (EHR) Market, by End User, 2020 and 2028 (%)
9.3 Hospitals
9.3.1 Overview
9.3.2 Hospitals: Electronic Health Record (EHR) Market– Revenue and Forecast to 2028 (US$ Million)
9.4 Pharmacies
9.4.1 Overview
9.4.2 Pharmacies: Electronic Health Record (EHR) Market– Revenue and Forecast to 2028 (US$ Million)
9.5 Diagnostic and Imaging Centers
9.5.1 Overview
9.5.2 Diagnostic and Imaging Centers: Electronic Health Record (EHR) Market– Revenue and Forecast to 2028 (US$ Million)
9.6 Ambulatory Care Centers
9.6.1 Overview
9.6.2 Ambulatory Care Centers: Electronic Health Record (EHR) Market– Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Electronic Health Record (EHR) Market– Revenue and Forecast to 2028 (US$ Million)
10. Electronic Health Record (EHR) Market Revenue and Forecasts to 2028 – Geographical Analysis
10.1 South and Central America: Electronic Health Record (EHR) Market
10.1.1 Overview
10.1.2 South and Central America: Electronic Health Record (EHR) Market Share by Country – 2020 & 2028, (%)
10.1.2.1 Brazil: Electronic Health Record (EHR) Market- Revenue and Forecasts to 2028 (USD Million)
10.1.2.1.1 Brazil: Electronic Health Record (EHR) Market- Revenue and Forecasts to 2028 (USD Million)
10.1.2.1.2 Brazil: Electronic Health Record (EHR) Market, by Installation Type, 2019 -2028 (USD Million)
10.1.2.1.3 Brazil: Electronic Health Record (EHR) Market, by Type, 2019-2028 (USD Million)
10.1.2.1.4 Brazil: Electronic Health Record (EHR) Market, by End User, 2019-2028 (USD Million)
10.1.2.2 Argentina: Electronic Health Record (EHR) Market- Revenue and Forecasts to 2028 (USD Million)
10.1.2.2.1 Argentina: Electronic Health Record (EHR) Market- Revenue and Forecasts to 2028 (USD Million)
10.1.2.2.2 Argentina: Electronic Health Record (EHR) Market, by Installation Type, 2019 -2028 (USD Million)
10.1.2.2.3 Argentina: Electronic Health Record (EHR) Market, by Type, 2019 -2028 (USD Million)
10.1.2.2.4 Argentina: Electronic Health Record (EHR) Market, by End User, 2019 -2028 (USD Million)
10.1.2.3 Rest of South and Central America: Electronic Health Record (EHR) Market- Revenue and Forecasts to 2028 (USD Million)
10.1.2.3.1 Rest of South and Central America: Electronic Health Record (EHR) Market- Revenue and Forecasts to 2028 (USD Million)
10.1.2.3.2 Rest of South and Central America: Electronic Health Record (EHR) Market, by Installation Type, 2019 -2028 (USD Million)
10.1.2.3.3 Rest of South and Central America: Electronic Health Record (EHR) Market, by Type, 2019-2028 (USD Million)
10.1.2.3.4 Rest of South and Central America: Electronic Health Record (EHR) Market, by End User, 2018-2027 (USD Million)
11. Impact Of COVID-19 Pandemic on South and Central America Electronic Health Record (EHR) Market
11.1 South and Central America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Growth Strategies Done by the Companies in the Market, (%)
12.3 Organic Developments
12.3.1 Overview
12.4 Inorganic Developments
12.4.1 Overview
13. COMPANY PROFILES
13.1 Cerner Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 McKESSON CORPORATION
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Epic Systems Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Allscripts Healthcare, LLC
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
14. Appendix
14.1 About the Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Brazil Electronic Health Record (EHR) Market, by Installation Type – Revenue and Forecast to 2028 (USD Million)
Table 2. Brazil Electronic Health Record (EHR) Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 3. Brazil Electronic Health Record (EHR) Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 4. Argentina Electronic Health Record (EHR) Market, by Installation Type – Revenue and Forecast to 2028 (USD Million)
Table 5. Argentina Electronic Health Record (EHR) Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 6. Argentina Electronic Health Record (EHR) Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 7. Rest of South and Central America Electronic Health Record (EHR) Market, by Installation Type – Revenue and Forecast to 2028 (USD Million)
Table 8. Rest of South and Central America Electronic Health Record (EHR) Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 9. Rest of South and Central America Electronic Health Record (EHR) Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 10. Organic Developments Done by Companies
Table 11. Inorganic Developments Done by Companies
Table 12. Glossary of Terms, Electronic Health Record (EHR) Market
LIST OF FIGURES
Figure 1. Electronic Health Record (EHR) Market Segmentation
Figure 2. South and Central America Electronic Health Record (EHR) Market Overview
Figure 3. Cloud-based Segment Held Largest Share of Installation Type in Electronic Health Record (EHR) Market
Figure 4. Brazil is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Electronic Health Record (EHR) Market - South and Central America PEST Analysis
Figure 6. Electronic Health Record (EHR) Market Impact Analysis of Driver and Restraints
Figure 7. South and Central America Electronic Health Record (EHR) Market – Revenue Forecasts and Analysis – 2020- 2028
Figure 8. Electronic Health Record (EHR) Market Revenue Share, by Installation Type (2020 and 2028)
Figure 9. Cloud-Based: Electronic Health Record (EHR) Market– Revenue and Forecast to 2028 (US$ Million)
Figure 10. On Premise: Electronic Health Record (EHR) Market– Revenue and Forecast to 2028 (US$ Million)
Figure 11. Electronic Health Record (EHR) Market Revenue Share, by Type (2020 and 2028)
Figure 12. Acute EHR: Electronic Health Record (EHR) Market– Revenue and Forecast to 2028 (US$ Million)
Figure 13. Ambulatory EHR: Electronic Health Record (EHR) Market– Revenue and Forecast to 2028 (US$ Million)
Figure 14. Post-Acute EHR: Electronic Health Record (EHR) Market– Revenue and Forecast to 2028 (US$ Million)
Figure 15. Electronic Health Record (EHR) Market, by End User, 2020 and 2028 (%)
Figure 16. Hospitals: Electronic Health Record (EHR) Market– Revenue and Forecast to 2028 (US$ Million)
Figure 17. Pharmacies: Electronic Health Record (EHR) Market– Revenue and Forecast to 2028 (US$ Million)
Figure 18. Diagnostic and Imaging Centers: Electronic Health Record (EHR) Market– Revenue and Forecast to 2028 (US$ Million)
Figure 19. Ambulatory Care Centers: Electronic Health Record (EHR) Market– Revenue and Forecast to 2028 (US$ Million)
Figure 20. Others: Electronic Health Record (EHR) Market– Revenue and Forecast to 2028 (US$ Million)
Figure 21. South and Central America: Electronic Health Record (EHR) Market, By Key Country – Revenue (2020) (USD Million)
Figure 22. South and Central America: Electronic Health Record (EHR) Market Share by Country – 2020 & 2028, (%)
Figure 23. Brazil: Electronic Health Record (EHR) Market- Revenue and Forecasts To 2028 (USD Million)
Figure 24. Argentina: Electronic Health Record (EHR) Market- Revenue and Forecasts To 2028 (USD Million)
Figure 25. Rest of South and Central America: Electronic Health Record (EHR) Market- Revenue and Forecasts To 2028 (USD Million)
Figure 26. Impact of COVID-19 Pandemic in South and Central America Country Markets
Figure 27. Growth Strategies Done by the Companies in the Market, (%)
- Cerner Corporation
- Allscripts Healthcare Solutions, Inc.
- McKesson Corporation
- Epic Systems Corporation.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South and Central America electronic health record (EHR) market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the South and Central America electronic health record (EHR) market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South and Central America market trends and outlook coupled with the factors driving the electronic health record (EHR) market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution