According to a new technical market research report Wireless Electronic Health Records: Technologies and Global Markets, from BCC Research, the global market for wireless electronic health records was valued at nearly $9.6 billion in 2012 and is expected to increase to $11.2 billion in 2013.
BCC Research projects the market to grow to nearly $23.5 billion by 2018, and register a five-year compound annual growth rate of 16.1% from 2013 to 2018. Electronic health records have been in use to some limited degree since the early 1960s. Today, the industry is gaining widespread interest from local and national governments worldwide. While government programs are aimed at driving EHR implementations across the globe, these efforts are also motivating advancements in related areas such as medical device connectivity. Indeed, recent focus on meaningful EHR adoption across hospitals and a parallel growth with respect to mobile technologies have resulted in the evolution of the wireless EHR market.
Wireless EHR-compatible devices not only streamline data and data storage options but also provide critical analytical data inside and outside the traditional hospital setting. Such information is extremely useful in understanding a patients state of health, providing alerts, encouraging adherence to medication/consulting (routine), etc. Wireless EHR devices provide freedom from a laboratory setting for monitoring purpose and also keep physicians well connected.
Increasing R&D spending and technological advances, particularly in the area of mobile technologies, as well as intense interest from governmental and global public health institutions and hospital systems will drive tremendous growth in this market for foreseeable future. This report from BCC Research provides a comprehensive overview of the evolving global market for electronic health records, including analyses of global market trends, with data from 2012, estimates for 2013, and projections of CAGRs through 2018.
In addition, an examination of key technologies such as blood glucose meters, BP monitors, pulse oximetry, capnography, stress monitoring, pediatric growth trackers, coagulation monitors, peak flow meters, 3G, RFID, and Zigbee is provided as well. Patent analyses by technology, company, and geography, as well as comprehensive company profiles of key players in the industry are also included. The market is segmented on the basis of wireless patient monitoring EHR compatible devices, wireless EHR software, EHR mobile technologies, application markets, end-user markets and specialty markets.
These markets are further segmented into micro markets. The application market is segmented through the value chain from administration to pharmacy applications. Similarly, wireless EHR applications in end-user segments such as physicians office, nursing homes, MCOs and hospitals by bed size is also covered in the report. The report exclusively includes wireless or mobile technologies with respect to the EHR market. Other allied markets such as the conventional EHR market and electronic medical records (EMR) markets are only covered for overall understanding of the market.
This report is intended for healthcare device manufacturers, distributors, and suppliers; wireless healthcare solution providers; EHR solution providershardware and software manufacturers, distributors and suppliers; EHR and other software developers; mobile software developers; smartphone and tablet manufacturers; consultants, technology and system integrators; regulatory bodies and government agencies; and research-oriented agencies.
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