Brazil Electronic Records Management Solutions Market Analysis

Brazil Electronic Records Management Solutions Market Analysis


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Brazil's electronic records management solutions market size was valued at $xx Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of xx% from 2022 to 2030 and will reach $xx Mn in 2030. The market is segmented by solution and deployment. Brazil’s Electronic Records Management Solutions market will grow the adoption of electronic records management systems (ERMS) is rising in the Brazilian healthcare industry, which is constrained by a number of market factors. The key market players are F2X Group, Grupo Mult, NEOCLOUD, QI Consultoria e Sistemas, SoftExpert, and others.

ID: IN10BRDH069 CATEGORY: Digital Health GEOGRAPHY: Brazil AUTHOR: Chandani Patel

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Brazil Electronic Records Management Solutions Market Executive Summary

Brazil's electronic records management solutions market size was valued at $xx Mn in 2022 and is estimated to expand at a CAGR of xx% from 2022 to 2030 and will reach $xx Mn in 2030. Brazil has been spending more on healthcare recently, which reflects its dedication to enhancing healthcare outcomes and services. The World Bank estimates that in 2019, Brazil's overall healthcare spending accounted for about 9.1% of its GDP, which is greater than the region's average.

The Brazilian healthcare industry is increasingly dependent on electronic records management systems (ERMS). ERMS programmes are used to organise patient data, speed up office procedures, and enhance the standard of care. Electronic health records (EHRs), clinical documentation, patient scheduling, and billing are just a few of the uses for ERMS in Brazil's healthcare system.

In recent years, a growing number of healthcare organisations and providers have used ERMS, increasing its adoption across the country's healthcare industry. The Brazilian government has started a number of programmes to encourage the use of ERMS in healthcare. For instance, the Electronic Patient Record (Prontuário Eletrônico do Paciente - PEP) system has been established by the National Health System (SUS) with the goal of giving healthcare workers access to patient data and enhancing the standard of treatment.

Despite ERMS's advantages in the healthcare industry, Brazil still has a few issues that need to be resolved. These include protecting the confidentiality and privacy of patient data, resolving system interoperability problems, and enhancing digital literacy among healthcare professionals. The need for healthcare providers to increase the quality of service and patient outcomes while lowering costs and boosting efficiency is likely to drive a continued increase in the implementation of ERMS in the Brazilian healthcare sector over the next several years.

Market Dynamics

Market Growth Drivers

The adoption of electronic records management systems (ERMS) is rising in the Brazilian healthcare industry, which is constrained by a number of market factors. The growing demand for healthcare providers to increase the quality of service and patient outcomes while lowering costs and boosting efficiency is one of the key market factors for ERMS in Brazil. By optimising administrative procedures, lowering errors, improving access to patient data, and fostering professional teamwork, ERMS solutions can assist healthcare providers in achieving these objectives.

The rising demand for digital health solutions in Brazil is another market factor for ERMS. Patients are increasingly looking for healthcare providers who offer digital solutions, such as electronic health records (EHRs), telemedicine, and remote patient monitoring, as a result of the increased use of smartphones and other digital devices.

Market Restraints

There are some obstacles to ERMS adoption in the Brazilian healthcare industry. The high cost of deploying these solutions, particularly for smaller healthcare providers and organisations, is one of the key barriers. In addition, there are challenges with interoperability across various ERMS systems, data security, and privacy.

Despite these limitations, it is anticipated that ERMS adoption in the Brazilian healthcare industry will increase over the next few years due to the rising demand for digital health solutions and the need for healthcare providers to improve the quality of care and patient outcomes.

Competitive Landscape

Key Players

  • F2X Group
  • Grupo Mult
  • NEOCLOUD
  • QI Consultoria e Sistemas
  • SoftExpert

Healthcare Policies and Regulatory Landscape

Various rules and regulations govern the usage of Electronic Records Management Solutions (ERMS) in Brazil's healthcare system. The Brazilian Civil Code and the Brazilian Medical Code of Ethics are the major pieces of legislation controlling the use of ERMS in healthcare. The Brazilian government has also started a number of programmes to encourage the use of ERMS in healthcare, such as:

The National Health System (SUS) utilises the Electronic Patient Record (Prontuário Eletrônico do Paciente - PEP) system to give healthcare personnel access to patient data and enhance the standard of treatment.

An interoperable network called the Brazilian National Health Data Network (Rede Nacional de Dados em Sade, or RNDS) intends to link various health information systems and offer a holistic view of patient health data.

The National Digital Health Strategy of Brazil intends to advance the use of digital health tools and raise the standard of healthcare provided in the nation. Along with these initiatives, the Brazilian government has also put in place a number of rules and guidelines to guarantee the privacy and security of patient data. The General Data Protection Law (Lei Geral de Proteço de Dados - LGPD), for instance, established guidelines for the gathering, using, and storing of personal data, including health data, and went into effect in September 2020.

1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Brazil Electronic Records Management Solutions Market Segmentation

By Solution

The Electronic Records Management Solutions market can be segmented by solution into software, services, installation & integration, consulting, and training. Software solutions include ERMS software that manages electronic records across their lifecycle. Services include a range of offerings related to ERMS solutions, including implementation, customization, maintenance, and support. Installation & integration includes services related to the installation and integration of ERMS solutions with existing IT systems. Consulting services include needs assessment, business process analysis, and solution design. Training services include end-user training and system administrator training

  • Software
  • Service
  • Installation & Integration
  • Consulting
  • Training

By Deployment

On-premise solutions involve the installation and use of ERMS software on the organization's own servers and hardware infrastructure. This deployment method provides organizations with greater control over their data and systems, as well as the ability to customize the software to meet their specific needs.

Cloud-based solutions involve the use of ERMS software that is hosted on the vendor's servers and accessed over the internet. This deployment method offers organizations greater flexibility, scalability, and cost-effectiveness, as they do not need to invest in their own hardware infrastructure and can access the software from anywhere with an internet connection.      

  • On-premise
  • Cloud-based

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

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Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

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Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

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We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 26 April 2024
Updated by: Riya Doshi

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