OBGYN EHR Market Size, Share, Opportunities, And Trends By Product (Client Server-based EHR, Web-based EHR), By Application (Scheduling, Billing, Clinical Documentation, Workflow Management, Others), By End-User (Large Enterprises, Small and Medium-sized Enterprises (SMEs)), And By Geography - Forecasts From 2023 To 2028
- Published : Jul 2023
- Report Code : KSI061615760
- Pages : 144
The OBGYN EHR market is estimated to grow at a CAGR of 8.52% during the forecast period.
Obgyn EHR is an integrated and adaptable EHR created especially for obstetricians and gynecologists which offers unique features that make it simple to access patient history, treatment, and common complaints, automate tedious tasks, cut down on encounter documentation time, and increase practice profitability. Telehealth, practice management, eRx, EPCS, lab interfaces, scheduling, online payments, patient portals, etc. are all linked with this program. High-quality ob-gyn software offers incorporated features to enhance patient experience and achieve a substantial business edge.
Growth drivers for the OBGYN EHR market
The increasing utilization of electronic health records among gynecologists, new product innovation, and increasing demand for electronic health records for data integration is fueling the OBGYN EHR market. OBGYN EHR helps gynecologists and obstetricians to manage workflow, clinical documentation, practice management, billing, e-prescribing, and secure data transfer. These factors are influencing the OBGYN EHR market growth.
Technological advancements are fueling the market
A helpful innovation in ensuring that patients have quick access to contraceptive care is the ability to get prior permission electronically. Prior authorization software that is electronic can significantly speed up requests while lightening the administrative load of phone calls and faxes. Private practice professionals can effortlessly transition between clinics and hospitals due to interoperable EHR solutions with mobile features that remove any obstacles to the sharing of vital data. The coordination of care and a more team-based approach to providing care are both facilitated by fluid information sharing which is showing significant influence in OBGYN EHR market growth.
Increasing government initiatives are fueling the market
Governments in various nations are undertaking initiatives to inculcate EHR in their country's healthcare and provide it across various facilities which is leading to OBGYN EHR market growth. For instance, in June 2022, NHS announced its plan to invest US$ 2.4 billion in implementing HER in all community practices and hospitals in the UK. Additionally, under the Health Information Technology for Economic and Clinical Health (HITECH) Act, for meaningful implementation of electronic health records in the USA financial incentives are provided.
Gynecologists can overcome burnout with OB-GYN medical software
OB-GYNs have a higher risk of burnout than doctors in all other specialties, and many attribute this to the sheer number of computerized activities they must complete. A specialized EHR created for OB-GYN practices simplifies workflows and documentation while also making it simpler to handle heavy patient loads. EHR doesn't have to be a hassle; in fact, it can be a remarkably efficient tool for providing high-quality treatment more quickly when used in conjunction with OB-GYN specialist software that incorporates functionality to address particular practice needs. This attributes to the growth in OBGYN EHR market share.
Improvement in patients outcome and documentation
In addition to treating women's disorders, particularly those of the reproductive organs, and offering prenatal and postnatal care, OBGYN EHR is completely integrated software that enables patients to automate clinical and administrative procedures. It gives doctors more time to concentrate on offering safe patient care, engaging with patients, and accurately and effectively documenting by assisting their clinicians and staff with repetitive clerical tasks and setting up appropriate templates. They can improve patient outcomes by utilizing all of these advancements and efficiency.
North America is predicted to hold the maximum market share in the scaffold technology market
The OBGYN EHR market share is significantly growing in the North American region due to factors like growing federal healthcare mandates to contain rising healthcare costs and provide quality care, increasing regulatory requirements, growing EHR adoption across United States hospitals, growing government initiatives focusing on personalized medicine, and value-based reimbursements. Owing to this, North America is expected to account for the largest share of the market, followed by Europe.
Major market players focus on product innovation
Various businesses are focusing on acquisition, collaboration, and product launches to make an impact in the OBGYN EHR market. For instance, For healthcare professionals across the country, InSync Healthcare Solutions is a top supplier of cloud-based healthcare technology tools including OBGYN EHR software, revenue cycle management services, and medical transcription services. The business has used cutting-edge technology, world-class alliances, and tried-and-true business procedures to create services and solutions that increase the efficiency of healthcare organizations leading to significant increase in OBGYN EHR market share.
OBGYN EHR Products
- AthenaHealth EHR Software, Numerous specializations are supported by the Athenahealth Electronic Health Records (EHR) Software, including pediatrics, urology, family medicine, and nephrology to name a few.
- Practise Fusion EHR Software, the Practise Fusion OBGYN EMR System's creator reshapes the healthcare sector's future through it. They intend to achieve this by providing solutions that address the demands of laboratories, pharmacies, imaging centers, and other health-related enterprises in addition to those of doctors and their patients.
- In May 2022, PrognoCIS EMR Software is an Electronic Health Records (EHR) Software made by Bizmatics Inc. that provides a fantastic and cutting-edge experience for technical solutions that support physician practices.
Market Key Developments
- In March 2023, Iron Health, a platform for women's healthcare, went live intending to reduce the fragmentation of women's care and give OB/GYNs a more complete picture of their patient's health. A $4.5 million seed funding round led by the innovation fund of the March of Dimes was also disclosed by Iron.
- In May 2022, A preliminary version of the OBGYN-specific software suite that ModMed plans to release later this year is being shared. Due to ModMed OBGYN, an all-in-one EHR, practice management, patient engagement, payments, picture and inventory management, and analytics solution, obstetrics, and gynecology are benefiting from innovative practices and workflows.
OBGYN EHR Market Scope:
Report Metric | Details |
Growth Rate | CAGR of 8.52% from 2022 to 2029 |
Base Year | 2022 |
Forecast Period | 2024 – 2029 |
Forecast Unit (Value) | USD Billion |
Segments Covered | Product, Application, End-User, and Geography |
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies Covered | InSync Healthcare Solutions, Practice Fusion, Inc., WRS Health, PrognoCIS, Greenway Health, LLC, CureMD Healthcare, NexGen Healthcare, Infor-Med Inc., EndoSoft LLC, RevenueXL Inc |
Customization Scope | Free report customization with purchase |
Segmentation:
- By Product
- Client Server-based EHR
- Web-based EHR
- By Application
- Scheduling
- Billing
- Clinical Documentation
- Workflow Management
- Others
- By End-User
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
- By Geography
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Thailand
- Others
- North America
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. OBGYN EHR MARKET, BY PRODUCT
5.1. Introduction
5.2. Client Server-based EHR
5.3. Web-based EHR
6. OBGYN EHR MARKET, BY APPLICATION
6.1. Introduction
6.2. Scheduling
6.3. Billing
6.4. Clinical Documentation
6.5. Workflow Management
6.6. Others
7. OBGYN EHR MARKET, BY END-USER
7.1. Introduction
7.2. Large Enterprises
7.3. Small and Medium-sized Enterprises (SMEs)
8. OBGYN EHR MARKET, BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. United States
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. United Kingdom
8.4.2. Germany
8.4.3. France
8.4.4. Spain
8.4.5. Others
8.5. The Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. Israel
8.5.4. Others
8.6. Asia Pacific
8.6.1. Japan
8.6.2. China
8.6.3. India
8.6.4. South Korea
8.6.5. Indonesia
8.6.6. Thailand
8.6.7. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. InSync Healthcare Solutions
10.2. Practice Fusion, Inc.
10.3. WRS Health
10.4. PrognoCIS
10.5. Greenway Health, LLC
10.6. CureMD Healthcare
10.7. NexGen Healthcare
10.8. Infor-Med Inc.
10.9. EndoSoft LLC
10.10. RevenueXL Inc
InSync Healthcare Solutions
Practice Fusion, Inc.
WRS Health
PrognoCIS
Greenway Health, LLC
CureMD Healthcare
NexGen Healthcare
Infor-Med Inc.
EndoSoft LLC
RevenueXL Inc
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