Electronic Medical Records (EMRs) are a systemic and sophisticated collection of patients’ electronically stored health information. EMRs are digital versions of the paper charts typically found in the clinicians’ offices, hospitals, and clinics. EMRs comprises of important notes and information collected by the physicians or clinicians for accurate diagnosis and treatment. The report provides Electronic Medical Records market forecast, supported by detailed insights historical data and revenues, past and current market trends, industry trends, consumer trends, market size, market share, market growth, along with ranging impacts of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2020–2028. The report includes profiles of major players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
EMRs are generated using Electronic Health Record (EHR) software that facilitates the healthcare professionals to create a digital record of a patient that can be updated with every encounter. EMRs include a plethora of information such as demographics, medications, medical history, allergies, radiology images, vital signs, immunization status, and personal statistics. These records eliminate the need and time wasted in tracking down the paper records of each patient.
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Global Electronic Medical Records market forecast has been provided following thorough study, focus, comparison, and analysis of a varying range of factors and past market forecast and present outcomes. Electronic Medical Records Market forecast is made possible through, but has not been limited to, a study and analysis of a variety of factors and trends, and these are verified through interviews with industry experts and companies operating in the market.
Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Electronic Medical Records market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Electronic Medical Records market revenue growth to a significant extent over the forecast period.
Electronic Medical Records Market: Competitive Landscape
The competitive landscape of the Electronic Medical Records Market mainly comprises of collaborations and alliances between companies and small-scale businesses to expand the business segment. The major players operating in the industry are profiled in the report are as follows:
- Epic Systems Corporation
- Cerner Corporation
- Allscripts Healthcare Solutions, Inc.
- NextGen Healthcare, Inc.
- McKesson Corporation
- CureMD Healthcare
- Greenway Health, LLC
- GE Healthcare
Electronic Medical Records Market: Regional Outlook
Based on the regional analysis, North America held the largest share of the EMR market, followed closely by Europe. The domination can be accredited to the government mandates to incorporate EMRs in the hospitals, coupled with the presence of the prominent players in the region. Along with this, increased investment in Research and Development activities and technological advancements to develop next-gen EMRs also contributed to the market growth in the region.
Asia-Pacific is witnessing rapid development in healthcare. The regional market is anticipated to become a potentially significant market for the growth of the Electronic Medical Records market on a global scale. The factors influencing the growth of the industry in the region are rising demand for state-of-the-art health care facilities, increasing initiatives of the government bodies to adopt patient-centric approaches and fast-paced adoption of EMRs across all healthcare settings. Additionally, the crucial need to reduce healthcare facilities’ expenditure is also anticipated to drive its growth.
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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Electronic Medical Records Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 – 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.
Electronic Medical Records Market: Segmentation
- Inpatient EMR
- Outpatient EMR
- General Physician Clinics
- Ambulatory Surgical Centers
Region wise performance of the Electronic Medical Records industry
North America Electronic Medical Records market forecast is expected to remain significantly positive in terms of revenue share between 2020 and 2028. In addition, North America Electronic Medical Records market revenue share is expected to remain comparatively larger than that of other regional markets from 2020 to 2028.
Asia Pacific registered fastest revenue CAGR in 2020, and the Electronic Medical Records market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2028.
Europe Electronic Medical Records market forecast is positive currently, with revenue growth expected to remain steady between 2020 and 2028. Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Electronic Medical Records market growth.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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Table of Content
Chapter 1. Methodology & Sources
1.1. Electronic Medical Records Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Electronic Medical Records Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Electronic Medical Records Market Segmentation & Impact Analysis
4.1. Electronic Medical Records Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Electronic Medical Records Market indicators analysis
4.2.2. Electronic Medical Records Market drivers analysis
126.96.36.199. Rapid urbanization and industrialization
188.8.131.52. Stringent government regulations regarding carbon emissions
184.108.40.206. Increasing prevalence of respiratory diseases
220.127.116.11. Rising need to enhance indoor air quality
4.2.3. Electronic Medical Records Market restraints analysis
18.104.22.168. High cost associated with the maintenance of Electronic Medical Records products
22.214.171.124. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Electronic Medical Records industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Electronic Medical Records market across different regions?
- Who are the major driving forces expected to decide the fate of the Electronic Medical Records industry worldwide?
- Who are the prominent market players making a mark in the Electronic Medical Records market with their winning strategies?
- Which Electronic Medical Records industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
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