New Zealand Electronic Health Records Market Analysis

New Zealand Electronic Health Records Market Analysis


$ 3999

The New Zealand Electronic Health Record (EHR) market size was valued at $514 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 7% from 2022 to 2030 and will reach $884 Mn in 2030. This growth can be attributed to hospitals seeing benefits from EMR implementation and integration with their core operations. The market is segmented by product, application, and end user. Some of the major players Orion Health, Medtech Global, Best Practice Software, HealthLink, Medical Director, and others.

ID: IN10NZDH008 CATEGORY: Digital Health GEOGRAPHY: New Zealand AUTHOR: Chandani Patel

Buy Now

New Zealand Electronic Health Record (EHR) Market Executive Summary

The New Zealand Electronic Health Record (EHR) market size was valued at $xx Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of xx% from 2022 to 2030 and will reach $xx Bn in 2030. In New Zealand, healthcare expenditure is primarily financed through a publicly funded system, known as the New Zealand public healthcare system, or "NZPH." The NZPH is funded through general taxation, and provides a wide range of healthcare services, including primary care, hospital care, and prescription drugs, to all residents and citizens of New Zealand.

The total healthcare expenditure in New Zealand has been steadily increasing over the years, with the most recent data from 2019, showing that the country spent around NZD 18.8 Bn on healthcare, which is equivalent to about 8.9% of the country's GDP. The major contributors to the healthcare expenditure in New Zealand are hospital care, which accounts for around 42% of the total expenditure, primary care, which accounts for around 35%, and prescription drugs, which account for around 12%. Overall, the government is the largest payer of healthcare expenditure in New Zealand, accounting for around 84% of the total expenditure, followed by private health insurance, which accounts for around 8%, and out-of-pocket expenditure, which accounts for around 8%.

EMR facilitates clinicians' ability to make informed medical decisions. Additionally, EMR makes it possible for care providers to quickly gather, store, and retrieve patient medical information with the use of the hospital information system (HIS). Along with managing medical data, EMR supports workflow management, hospital order administration, and data security. The existing paper-based approach is inefficient, expensive to maintain, and wasteful. Contrarily, the benefits of EMR include collaboration, portability, and straightforward data recovery.

The New Zealand government has been promoting the use of EHRs as a way to improve the quality and efficiency of healthcare services. The use of EHRs in New Zealand is primarily driven by the National Health IT Plan, which aims to implement a nationwide EHR system. The National Health IT Plan includes several initiatives to promote the use of EHRs, such as the implementation of a shared care record, which allows healthcare providers to access a patient's health information from multiple sources, and the development of a national EHR system, which will allow healthcare providers to access a patient's health information from any location. Currently, most primary care providers in New Zealand use EHRs, and the government is working towards making EHRs available in all secondary care providers too. The use of EHRs in New Zealand is expected to increase in the future, as the government continues to invest in the development and implementation of EHR systems.

Market Dynamics

Market Growth Drivers

The growth of the electronic health record (EHR) market in New Zealand is driven by factors such as government initiatives to promote the use of EHR systems, increasing demand for cost-effective and efficient healthcare services, and growing awareness about the benefits of EHR systems among healthcare providers.

Additionally, the aging population in New Zealand is also expected to drive market growth. The Government has been focusing on implementing a nationwide EHR system and making EHRs available to all secondary care providers.

Market Restraints

The growth of the EHR market in New Zealand is restrained by factors such as lack of standardization and interoperability of EHR systems, lack of skilled personnel to operate and maintain EHR systems, and concerns about data privacy and security. Additionally, the high cost of EHR systems and the lack of reimbursement policies for EHR systems can also act as a restraint to New Zealand EHR market growth.

There are also some challenges facing the use of EHRs in New Zealand, such as lack of standardization and interoperability of EHR systems, lack of skilled personnel to operate and maintain EHR systems, and concerns about data privacy and security. Additionally, there are also concerns about the high cost of EHR systems and the lack of reimbursement policies for EHR systems which can act as a restraint for market growth.

Competitive Landscape

Key Players

  • Orion Health (NZL)
  • Medtech Global (NZL)
  • Best Practice Software (NZL)
  • HealthLink (NZL)
  • Medical Director (NZL)
  • Green Cross Health (NZL)
  • Health Connections (NZL)
  • Cerner Healthcare  
  • Epic Systems
  • Allscripts
  • McKesson
  • Meditech
  • Athenahealth
  • NextGen Healthcare
  • GE Healthcare
  • Drchrono

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

In New Zealand, the use of electronic health records (EHRs) is regulated by several laws and guidelines, including the Health Information Privacy Code 1994, the Privacy Act 1993, and the Health Information Standards (HIS) guidelines.

The Health Information Privacy Code 1994 is a code of practice that sets out the rules for how healthcare providers must handle personal health information, including how it can be collected, used, and disclosed. The Privacy Act 1993 is a law that sets out how personal information must be handled by organizations, including healthcare providers.

The Health Information Standards (HIS) guidelines provide standards for the collection, use, and sharing of health information in New Zealand. These standards are developed by the Ministry of Health and are intended to ensure that health information is collected, used, and shared in a consistent and standardized way across the healthcare system.

The Ministry of Health is also responsible for implementing the National Health IT Plan, which aims to establish a nationwide EHR system. As part of the plan, the ministry is working to ensure that EHR systems are interoperable and that healthcare providers have the necessary skills and resources to use them effectively. In addition, the Ministry of Health also regulates the healthcare providers that are implementing EHRs, by ensuring they are compliant with the regulations and standards as per the above-mentioned acts and guidelines.

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

Electronic Health Records Market Segmentation

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

  • Web/Cloud-based EHR software
  • On-premise EHR software

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.

  • E-prescription
  • Practice management
  • Referral management
  • Patient management
  • Population health management

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.

  • Hospitals
  • Specialty centers
  • Clinics
  • Ambulatory surgical centers
  • Others

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”.

 

Stage I: Market Data Collection

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.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

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.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

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
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

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

To request a free sample copy of this report, please complete the form below.


We value your inquiry and offer free customization with every report to fulfil your exact research needs.


This report addresses

  • Intelligent insights to take informed business decisions
  • Qualitative, acute and result oriented market analysis
  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
  • Comprehensive Market Research Report in PDF and PPT formats

Need more?

  • Ask our analyst how this study was put together to learn more
  • Discuss additional requirements as part of the free customisation
  • Add more countries or regions to the scope 
  • Get answers to specific business questions 
  • Develop the business case to launch the product
  • Find out how this report may influence your business revenue
Last updated on: 26 January 2023
Updated by: Shivam Zalke

Related reports (by category)


Related reports (by geography)


subscribe to our newsletter
up