Growth Opportunities from the Evolution of Electronic Health Record (EHR) in Europe, Forecast to 2024

Growth Opportunities from the Evolution of Electronic Health Record (EHR) in Europe, Forecast to 2024

Actionable Strategies and Tactics to Accelerate Growth in a Transforming Market

RELEASE DATE
26-Feb-2020
REGION
Europe
Research Code: ME4B-01-00-00-00
SKU: HC03272-EU-MT_24186

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Description

The healthcare IT landscape is witnessing rapid transformation as governments focus more on value-based care and preventive health programs to reduce the overall economic burden on health systems, along with increased efficiency in managing increasing patient populations. The basic Electronic Medical Record (EMR) is evolving into a more comprehensive Electronic Health Record (EHR). The EMR, which primarily records and stores the summary of every physician-patient encounter, is becoming a longitudinal and comprehensive record that stores information from various sources, such as portals, wearables, and devices. This EHR, along with interoperability frameworks, cloud computing, data analytics, and security solutions, forms the basic architecture of upcoming healthcare concepts, such as population health management, care coordination, and patient engagement. Healthcare authorities and governments across Europe have gradually come to terms that EHR is imperative for achieving value-based care and implementation is not a one-time process and requires a continuously evolving strategy to keep pace with market developments. Initiatives by government and regional healthcare authorities for paperless documentation are favoring the adoption of EHR across Europe, which is further augmented by Europe’s eHealth policies and digital agenda. As a result, the current EHR strategy in Europe is more collaborative and focused on integrated care with specific attention given to interoperability and cross-border healthcare. The key competencies of global companies trying to gain a foothold in Europe are scalable solutions and several years of experience in a variety of healthcare IT applications. Europe-based vendors benefit from an in-depth understanding of cultural, regulatory, and operational aspects of the regional market on which they are focused. Until now, failure of healthcare IT initiatives, slipping timelines to execution, and revamping of contracts have resulted in EHR vendors updating their market strategies in Europe. However, their focus on data security, data analytics, chronic disease management, personalized care, and clinical decision support will drive stronger uptake among hospitals and health systems.

The rapid care transformation and digitization comes with a paradigm shift in the entire care and tech ecosystem. Business models and strategies of participants are undergoing a change, and new participants are emerging. It is imperative to stay abreast with these changes.


Research Highlights

This study focuses on clearing the air around the usage of the terms EHR and EMR and provides an insight into the maturity of EMR and the readiness of European countries to adopt a more comprehensive EHR. Growth opportunities for various healthcare stakeholders that can arise from the evolution of the EHR have also been highlighted.

Author: Chandni Mathur

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Key Findings

Scope and Segmentation

Key Questions this Study will Answer

Market Engineering Measurements

CEO’s Perspective

Executive Summary—3 Big Predictions

EMR Maturity in 10 European Countries—Summary

Readiness for the Evolution to an EHR

Purpose of this Experiential Study

5 Step Process to Transformational Growth

Market Background

Market Definitions

Market Segmentation

Drivers and Restraints

The Evolution of EHR is Marked by the Transformation of an EMR Into a More Comprehensive Medical Record

The Complete Care Ecosystem Merging Into One Accessible Patient Record

Analysis on Key Product Features Required by Providers in EMR Solution

Evolution of the EMR to an EHR—New Applications and Care Models Emerge

Mega Trends Impacting Growth of EHR in Europe

An EHR is a Key Component of Upcoming Healthcare Concepts

Integrated Health Care—A Key Trend Across Europe for 2020 Driving Greater Uptake of EHR

There is Something for Everyone

EHR/EMR and the Life Sciences Industry

EHR/EMR and the Life Sciences Industry (continued)

EHR/EMR and the Life Sciences Industry (continued)

EHR/EMR and the Medical Devices Industry

EHR/EMR and the Medical Devices Industry (continued)

EHR/EMR and the Medical Devices Industry (continued)

EMR/EHR and Public and Private Insurance Providers

EHR/EMR and the Healthcare Providers

The EU Impetus for its Member States to Proliferate EHR Usage and Interoperability

The EU Impetus for its Member States to Proliferate EHR Usage and Interoperability (continued)

Market Assumptions

Market Engineering Measurements

Revenue Forecast

Revenue Forecast by Country/Region

Revenue Forecast Discussion

Segment-wise EMR Adoption Analysis

EMR Vendor Landscape

Top Rated Vendors by Key Regions in Europe and UK

Building Blocks of a Robust EHR

Market Share Analysis

Competition Structure

Distribution Structure

Distribution Structure Discussion

Companies That are Setting Trends and are a Part of the EMR Evolution in Europe

Cerner

Intersystems

Dedalus S.p.A

Better (Marand)

Top Competitors

Top Competitors (continued)

Top Competitors (continued)

Key Developments That Will Shape the EMR Market in the Future

EMR Maturity and EHR Readiness Index in Europe

EMR Maturity in 10 European Countries

Readiness for the Evolution to an EHR

Health System Snapshot—Denmark

Denmark

Health System Snapshot—Sweden

Sweden

Health System Snapshot—Estonia

Estonia

Health System Snapshot—UK

UK

Health System Snapshot—The Netherlands

The Netherlands

Health System Snapshot—Spain

Spain

Health System Snapshot—Germany

Germany

Health System Snapshot—Belgium

Belgium

Health System Snapshot—France

France

Health System Snapshot—Italy

Italy

Healthcare IT Product and Services Opportunities

Trends/Factors Impacting the Europe EHR Market

Top 5 Predictions for the EHR Market

Levers for Growth

Five Growth Opportunities Critical for Future Strategy

Growth Opportunity 1—Partnerships to Offer Integrated Care Technologies

Growth Opportunity 2—Focus on Clinical Documentation Improvement with Incorporation of AI/ML into EHR Software

Growth Opportunity 3—Growth for Device Connectivity Solutions

Growth Opportunity 4—Population Health Management Support

Growth Opportunity 5—Patient Access to Their EHRs

Strategic Imperatives for Success and Growth

Identifying Your Company’s Growth Zone

Growth Opportunities 1-5—Vision and Strategy

Growth Opportunities Matrix

Prioritized Opportunities through Implementation

Legal Disclaimer

List of Exhibits

List of Exhibits (continued)

Related Research
The healthcare IT landscape is witnessing rapid transformation as governments focus more on value-based care and preventive health programs to reduce the overall economic burden on health systems, along with increased efficiency in managing increasing patient populations. The basic Electronic Medical Record (EMR) is evolving into a more comprehensive Electronic Health Record (EHR). The EMR, which primarily records and stores the summary of every physician-patient encounter, is becoming a longitudinal and comprehensive record that stores information from various sources, such as portals, wearables, and devices. This EHR, along with interoperability frameworks, cloud computing, data analytics, and security solutions, forms the basic architecture of upcoming healthcare concepts, such as population health management, care coordination, and patient engagement. Healthcare authorities and governments across Europe have gradually come to terms that EHR is imperative for achieving value-based care and implementation is not a one-time process and requires a continuously evolving strategy to keep pace with market developments. Initiatives by government and regional healthcare authorities for paperless documentation are favoring the adoption of EHR across Europe, which is further augmented by Europe’s eHealth policies and digital agenda. As a result, the current EHR strategy in Europe is more collaborative and focused on integrated care with specific attention given to interoperability and cross-border healthcare. The key competencies of global companies trying to gain a foothold in Europe are scalable solutions and several years of experience in a variety of healthcare IT applications. Europe-based vendors benefit from an in-depth understanding of cultural, regulatory, and operational aspects of the regional market on which they are focused. Until now, failure of healthcare IT initiatives, slipping timelines to execution, and revamping of contracts have resulted in EHR vendors updating their market strategies in Europe. However, their focus on data security, data analytics, chronic disease management, personalized care, and clinical decision support will drive stronger uptake among hospitals and health systems. The rapid care transformation and digitization comes with a paradigm shift in the entire care and tech ecosystem. Business models and strategies of participants are undergoing a change, and new participants are emerging. It is imperative to stay abreast with these changes.--BEGIN PROMO--

Research Highlights

This study focuses on clearing the air around the usage of the terms EHR and EMR and provides an insight into the maturity of EMR and the readiness of European countries to adopt a more comprehensive EHR. Growth opportunities for various healthcare stakeholders that can arise from the evolution of the EHR have also been highlighted.

Author: Chandni Mathur

More Information
No Index No
Podcast No
Author Dinesh Kumar
Industries Healthcare
WIP Number ME4B-01-00-00-00
Is Prebook No
GPS Codes 9575-B1,9600-B1,9612-B1