APAC EHR Market

APAC EHR Market Size (2023 to 2028)

The APAC electronic health records (EHR) market is anticipated to be worth USD 9.55 billion by 2028 from USD 7.10 billion in 2023, growing at a CAGR of 6.13% from 2023 to 2028.

The growing adoption of electronic health records by many hospitals and clinics in the APAC region is one of the major factors propelling the APAC EHR market growth. Electronic health records are mainly used in hospitals to access patient data without errors or confusion to ensure proper treatment. Electronic records make searching specific patient records much easier and faster; they can also be accessed from anywhere in the network, supporting remote care. In these electronic health records, all the patient details such as personal information, date of joining, and the reports after all the tests are stored in one place, which can be easily fetched by the software and are helpful to the healthcare providers the receptionists for fast billing.

The growing patient population suffering from chronic diseases and various other diseases are propelling the growth of the EHR market in the Asia Pacific. APAC requires electronic systems as the increasing patient population needs EHR records instead of manual records, as finding manual records for large patient populations can be very time taking. Additionally, the increasing population suffering from one or more chronic diseases led to the need for complete treatment guides and details to provide appropriate care and medication. Due to all these needs, clinics, diagnostic centers, and hospitals have adopted the electronic health record where the data is organized reasonably, which helps to make better decisions for treatment.

Conversely, the high costs associated with EHR software hamper the regional market growth. Along with cost, maintenance also requires high investments, which slows down market growth. Furthermore, the lack of skilled professionals, product approvals, and advanced healthcare infrastructure are inhibiting the growth rate of the EHR market in the Asia-Pacific region.

This research report on the APAC EHR market has been segmented and sub-segmented into the following categories.

By Product:

• Client-server-based
• Web-based

The web-based segment had the major share of the APAC EHR market in 2021.

By Type:

• Acute
• Ambulatory
• Post-acute

Based on type, the acute EHR segment was the leader among all in 2021.

By End-User:

• Hospitals
• Ambulatory Care
  • Physician's Clinic
  • Laboratories
  • Pharmacies

Based on end-user, the hospital segment led the market in 2021.

By Business Models:

• Licensed Software
• Technology Resale
• Subscriptions
• Professional Services
• Others

The professional services segment had the largest share of the APAC EHR market in 2021.

By Country:

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

Geographically, the APAC EHR market accounted for a notable share of the worldwide market in 2021 and is anticipated to register the highest CAGR during the forecast period owing to the growing awareness about the benefits of electronic health records and increasing budgets by the hospitals. In addition, healthcare organizations and the government conducted programs on electronic health records to increase the adoption rate.

The Indian EHR market is predicted to capture a substantial share of the APAC market during the forecast period. The Indian government has taken several measures to implement electronic health records in hospitals. In India, Andhra Pradesh has become the first to link nearly one crore patients’ health records to the Ayushman Bharat Digital Mission (ABDM).

China is another promising regional market in the APAC region for electronic health records. In China, most hospitals use electronic health records for billing propose. During the COVID-19 pandemic, many hospitals use electronic health records to monitor the population suffering from coronavirus, which helps provide sufficient medications and vaccines for fast recovery.

The Japan EHR market is predicted to account for a considerable share of the APAC market during the forecast period. According to a Japanese Association of Healthcare Information Systems (JAHIS) survey, an estimated 38% of health-related organizations have adopted electronic health records. These electronic health records consist of data related to the patient's diseases, such as cancer, diabetes, etc. In 2019, nearly 63 percent of hospitals adopted electronic health records in Japan.

KEY MARKET PLAYERS:

Cerner Corp., GE Healthcare, NextGen Healthcare, Inc., eClinicalWorks, Medical Information Technology, Inc., HMS, CPSI, AdvancedMD, Inc., DXC Technology Company, CureMD Healthcare, Greenway Health, LLC, Allscripts Healthcare, LLC, McKesson Corp., and Epic Systems Corp are some of the noteworthy players in the APAC EHR market profiled in this report.