The Japan Electronic Health Record market size was valued at $2.26 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 4% from 2022 to 2030 and will reach $3.09 Bn in 2030. Japan's EHR market growth can be attributed to the increasing adaptation of EHR by hospitals and clinics. The market is segmented by product type, application type, and end user. The key market players are Ujitsu, NEC, M3, NTT Data, and others.
The Japan Electronic Health Record market size was valued at $2.26 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 4% from 2022 to 2030 and will reach $3.09 Bn in 2030. As of 2021, Japan's healthcare expenditure as a percentage of GDP is around 10%. This is relatively low compared to other developed countries. However, Japan's healthcare system is also known for its efficiency and high quality of care.
The health insurance system has been established to guarantee public health in Japan, fortunately, became the country with the longest life expectancy in the world. According to the 2021 Accenture Health and Life Sciences Experience Survey, the percentage of Japanese institutes' electronic health records is 9%. Research from September to October 2019 found that 63 % of hospitals in Japan have already used the electronic medical records system (EMR). Since the start of the 2000s, the Japanese government has promoted the usage of the system. The report provides deep insights into demand forecasts, market trends, and, micro and macro indicators in the Japan EHR market.
Market Growth Drivers
By increasing the precision and clarity of medical records, EHR can lower the frequency of medical errors. EHRs provide more comprehensive patient information, enabling doctors to quickly make well-informed care decisions, improve patient care, and lower safety issues. These elements are anticipated to boost EHR adoption.
By automating information access, the electronic health record (EHR) streamlines the clinician's workflow. Through a variety of interfaces, the EHR can directly or indirectly assist other care-related activities like evidence-based decision support, quality monitoring, and outcomes reporting. These benefits are anticipated to propel the EHR industry even more.
The EHR market is also anticipated to be driven by doctors' needs for quick access to patient records.
There are, several barriers to overcome in the creation of an EHR system. One major problem is the standardization of laboratory test data. Even in the same facility, many test measurements or units have changed over the last thirty years and they need to be calibrated for comparative purposes. Another problem is the right to individual privacy. Patient data must be subjected to a de-identification process to protect the confidentiality of the data. However, a set of data from several laboratories can be used to identify a patient even when personal data is removed. For the purpose of research and the establishment of a real national database, I believe the legislation needs to be amended to allow exceptional use of health records by facilities other than the patient's own facility. Unlike Korea, Japan does not use a social security number or a social health number. The Japanese cabinet has agreed to proceed with the introduction of a social security number but the issue is still controversial and there is no indication when it will be implemented.
Policy changes and Reimbursement scenario
Japan has several regulations in place to ensure the safe and secure use of electronic health records (EHRs). Some of the key regulations include:
1. Report Description of the Japan Electronic Health Records Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. Japan Electronic Health Records Market Executive Summary
2.1 Japan Electronic Health Records Market – Industry Snapshot & key buying criteria, 2021-2030
2.2 Market Size, Growth Prospects, and Key findings
3. Market Dynamics of Japan Electronic Health Records Market
3.1 Market Growth Drivers Analysis
3.2 Market Restrains Analysis
4. Japan Electronic Health Records Market Segmentation
4.1 By Product
4.1.1 Web/Cloud-based EHR software
4.1.2 On-premise EHR software
4.2 By Application
4.2.2 Practice management
4.2.3 Referral management
4.2.4 Patient management
4.2.5 Population health management
4.3 By End User
4.3.2 Specialty centers
4.3.4 Ambulatory surgical centers
5. Japan Electronic Health Records Market Share
5.1 Market Analysis, Insights, and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
7. Key Company Profiles
7.1 Company 1
7.1.2 Financial Performance
7.1.3 Product & Services
7.1.4 Strategic initiatives
7.2 Company 2
7.2.2 Financial Performance
7.2.3 Product & Services
7.2.4 Strategic initiatives
7.3 Company 3
7.3.2 Financial Performance
7.3.3 Product & Services
7.3.4 Strategic initiatives
7.4 Company 4
7.4.2 Financial Performance
7.4.3 Product & Services
7.4.4 Strategic initiatives
7.5 Company 5
7.5.2 Financial Performance
7.5.3 Product & Services
7.5.4 Strategic initiatives
8. Healthcare Policies and Regulatory Landscape
8.1 Healthcare Policies in Japan
8.2 Regulatory Framework in Japan
8.3 Pricing & Reimbursement Scenario in Japan Electronic Health Records Market
9. Factors Driving Future Growth
9.1 New Trends and Development Japan Electronic Health Records Market
9.2 Future Opportunities
10. Strategic Recommendations
By Product (Revenue, USD Billion):
Web-based and cloud-based software is more affordable since it saves on additional costs like license fees, regular upgrades, and device upkeep. Additionally, it reduces the need for IT workers because SaaS providers help with software installation, configuration, testing, operation, and upgrades. The cost-effectiveness of cloud-based EHR systems in small healthcare organizations will therefore fuel developments as well as the expansion of the category. MHealth services
By Application Type (Revenue, USD Billion):
Large amounts of patient health data may be stored and processed by EHRs, which aids doctors in automating both financial and operational operations with rapid and simple access. Therefore, integrated EHR and practice management software navigates all tasks, making it easier for front-line healthcare providers to do their jobs, and will therefore drive the segment's revenue during the anticipated time period.
By End User (Revenue, USD Billion):
By 2027, the category of ambulatory surgical centres is expected to rise at a 7.1% annual rate. The acceptance of EHR in these facilities will be fueled by ambulatory surgical centres' growing preference for digital technologies to efficiently manage workflow. These are outpatient facilities offering planned surgeries and same-day surgical services.
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