Switzerland Electronic Health Records Market Analysis

Switzerland Electronic Health Records Market Analysis


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Switzerland's 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. This growth can be attributed to technological advancement and the rising adoption of EHR. The market is segmented by product, application, and end User. Some major players are Epic Systems, Allscripts, McKesson, and Meditech.

ID: IN10CHDH008 CATEGORY: Digital Health GEOGRAPHY: Switzerland AUTHOR: Chandani Patel

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Switzerland Electronic Health Record (EHR) Market Executive Summary

Switzerland's 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. Switzerland has one of the highest healthcare expenditures per capita in the world, which is partly due to its universal healthcare system and high costs of medical treatments. According to data from the World Health Organization (WHO), Switzerland's healthcare expenditure was approximately 11.5% of its GDP, which is significantly higher than the average for European countries, which is around 9.8%. The country's healthcare expenditure is expected to continue increasing in the coming years, driven by factors such as an aging population, the growing incidence of chronic diseases, and the adoption of new and expensive medical technologies.

The adoption of EHRs (electronic health records) is seen as a way to help contain healthcare costs in Switzerland. By digitizing patient records and making them easily accessible to healthcare providers, EHRs can help reduce the duplication of tests and treatments, improve care coordination, and enable more efficient use of resources. Additionally, EHRs can also facilitate data sharing and interoperability, which can improve the quality of care and lead to better health outcomes. Therefore, EHRs can help curb healthcare expenditure in Switzerland.

Market Dynamics

Market Growth Drivers

The Swiss EHR (electronic health record) market is driven by a number of factors, including government initiatives to promote the adoption of digital health solutions, the increasing use of telemedicine and remote patient monitoring, and the growing need for interoperability and data sharing among healthcare providers. Additionally, the aging population in Switzerland, along with the associated increase in chronic disease and healthcare costs, is also expected to drive the growth of the EHR market. Other factors such as the rising adoption of mobile health (mHealth) solutions and the growing emphasis on patient-centered care are also expected to contribute to the growth of the Swiss EHR market.

Market Restraints

The high cost of adoption and maintenance, the lack of system compatibility, and worries about data security and privacy are some of the major issues facing the EHR sector. By making it challenging for medical professionals to communicate and exchange information with other doctors, the inconsistency of EHR systems may also restrict their potential benefits.

Competitive Landscape

Key Players

  • Epic Systems
  • Allscripts
  • McKesson
  • Meditech
  • Athenahealth
  • NextGen Healthcare
  • eClinicalWorks
  • Greenway Health
  • Modernizing Medicine
  • GE Healthcare
  • Practice FSwitzerlandion (acquired by Allscripts)
  • Drchrono

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

In Switzerland, the use of electronic health records (EHRs) is regulated by the Federal Act on Data Protection (FADP) and the Ordinance on the Processing of Medical Data (OPMD). These laws set guidelines for the collection, storage, and sharing of medical data, including EHRs.

According to the FADP and the OPMD, medical data can only be collected, stored, and shared if it is necessary for the provision of healthcare or for research purposes. Patients have the right to access, rectify, and delete their medical data and must give their informed consent for their data to be used.

The Federal Office of Public Health (FOPH) is responsible for enforcing the regulations related to EHRs, and healthcare providers must comply with these regulations in order to use EHR systems. Additionally, the Swiss federal government has implemented a national e-health strategy, which aims to improve the use of digital technologies in healthcare, including the use of EHRs. The strategy includes the development of a national patient summary and the implementation of an inter-cantonal EHR system to facilitate the sharing of patient data across the country.

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”.

 

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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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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: 23 October 2023
Updated by: Vidhi Upadhyay

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