Report Id: SNS/HC/1045 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
The Electronic Medical Record (EMR) systems market is expected to grow at a CAGR of 4.2% to USD 35.8 billion by 2028, up from USD 26.9 billion in 2021. Due to the growth in hospitals adopting EMR solutions worldwide, the need to contain escalating healthcare costs, government regulations and support to boost hospital EMR solution adoption, and the growing patient load due to the global COVID-19 pandemic are all contributing to market expansion.
Medical workers need easy access to a patient's history, hence the digital change in healthcare is critical. During the projected period, the rising need for systems and software that connect hospitals, clinics, and other healthcare facilities will emerge as a growth driver.
The market becomes more competitive, and strategic alliances between significant electronic medical record system providers are becoming more important. In addition, the constant need to upgrade technologies and share knowledge in order to improve healthcare efficiency would drive collaboration between important parties.
Big data trends in the healthcare industry are also expected to slow market growth.
many government efforts to encourage physicians to use electronic health records.
The growing demand for an integrated health care system will further enhance the growth rate of the electronic medical records (EMR) market in the future.
Artificial intelligence (AI) in the development of EHR software, as well as improvements in software technology.
Data Security Concerns
High HER Service Costs
The cloud architecture enables true disaster recovery and business continuity solutions
Enhancing patient care quality and providing significant growth prospects over the anticipated time.
Market players' tactics to increase market share.
Impact of COVID-19
With the development of COVID-19, the medical services area was generally affected. Nonetheless, the electronic medical records (EMR) market was decidedly impacted by it. Electronic medical record frameworks assumed a significant part in the administration and recording of patient information during the COVID-19 pandemic as they were exceptionally significant for overseeing and recording patient information. It further helped medical examination exercises by permitting analysts to share and access exact medical information that has supported them in COVID-19 pattern investigation and medication improvement. This has additionally supported the administration of huge patient data sets in emergency clinics with incorporated EHR frameworks. Besides, industry sources are helping the public authority with pandemic readiness.
Because of the rising number of COVID-19 patients, electronic medical record frameworks have been intended to track and bill patients as opposed to giving ideal consideration. A few organizations are currently offering items in light of electronic medical records.
General EMR Solutions
Specialty EMR Solutions
By Hospital Size
Small and Medium-sized Hospitals
By Delivery Mode
By Type: The market is divided into two categories: basic EMR solutions and specialty EMR solutions. The generic EMR solutions segment held the greatest proportion of the hospital EMR systems market. The multifunction, multi-specialty features of general EMRs, which enable their usage in multiple specialties through flexible functioning and included plugins, account for a major proportion of this market category.
By Component: Services, software, and hardware are the three segments of the market. The services sector held the highest proportion of the EMR systems market. The recurring nature of services including training and education, installation, advising, and maintenance, as well as an increase in the number of patients admitted to hospitals, are driving this segment's growth.
By Hospital: Small and medium-sized hospitals and major hospitals make up the hospital EMR systems market. The segment of small and medium-sized hospitals held the greatest proportion of the hospital EMR systems market. The rapid acceptance of EMRs at small and medium-sized hospitals can be ascribed to factors such as the simplicity of transferring patient data across healthcare professionals, cheaper initial costs, and ease of deployment.
By Delivery: On-premise and cloud-based solutions are the two types of solutions available. During the forecast period, the cloud-based segment is predicted to develop at the quickest rate.
eClinicalWorks, McKesson, Allscripts, Care360, GE Healthcare, Fujitsu, Neusoft, Hitachi Data Systems, IBM, Dell, Practice Fusion, Athenahealth, Drchrono, Kareo, Cerner, Henry Schein, Telus Health, Sinosoft, Landwind, Hope Bridge, Winning, Chengdian Yixing, Beijing Zhonghong.
The highest share of the worldwide EMR systems market was held by North America, followed by Europe. Government mandates for implementing EHR solutions in hospitals; the presence of major EHR vendors in the region, such as Epic Systems Corporation, Cerner Corporation, MEDITECH, CPSI, and Allscripts Healthcare Solutions, Inc. and technological advancements for the development of next-generation EHR solutions, all contribute to the region's large share.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 35.8 Billion|
|Market Size by 2028||US$ 26.9 Billion|
|CAGR||CAGR of 4.2% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (General EMR Solutions, Specialty EMR Solutions)
• By Component (Services, Software, Hardware)
• By Hospital Size (Small and Medium-sized Hospitals, Large Hospitals)
• By Delivery Mode (On-premise, Cloud-based)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||eClinicalWorks, McKesson, Allscripts, Care360, GE Healthcare, Fujitsu, Neusoft, Hitachi Data Systems, IBM, Dell, Practice Fusion, Athenahealth, Drchrono, Kareo, Cerner, Henry Schein, Telus Health, Sinosoft, Landwind, Hope Bridge, Winning, Chengdian Yixing, Beijing Zhonghong.|
|DRIVING FACTORS||• Big data trends in the healthcare industry are also expected to slow market growth.
• Many government efforts to encourage physicians to use electronic health records.
•The growing demand for an integrated health care system will further enhance the growth rate of the electronic medical records (EMR) market in the future.
|Restraints||• Data Security Concerns
• High HER Service Costs
Frequently Asked Questions (FAQ) :
Electronic Medical Record (EMR) systems market is expected to grow at a CAGR of 7.5%.
Electronic Medical Record (EMR) Systems Market is divided into four segments and they are by type, by component, by hospital size, and by delivery mode.
Data Security Concerns and High HER Service Costs are the restraints of the market.
The highest share of the EMR systems market was held by North America, followed by Europe.
The sub-segments of by delivery mode of the EMR Systems Market are on-premise and cloud-based.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Electronic Medical Record (EMR) Systems Market Segmentation, by Type
8.1 General EMR Solutions
8.2 Specialty EMR Solutions
9. Global Electronic Medical Record (EMR) Systems Market Segmentation, by Component type
10. Global Electronic Medical Record (EMR) Systems Market Segmentation, By Hospital Size type
10.1 Small and Medium-sized Hospitals
10.2 Large Hospitals
11. Global Electronic Medical Record (EMR) Systems Market Segmentation, By Delivery Mode type
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.6 GE Healthcare
13.9 Hitachi Data Systems
13.11 Practice Fusion
13.16 Henry Schein
13.17 Telus Health
13.20 Hope Bridge
13.22 Chengdian Yixing
13.23 Beijing Zhonghong
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share analysis
14.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.
Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence center, our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real-time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but is not limited to getting rid of the many typos, duplication of numbers, or missing any important information. The people involved in this process include technical content writers, research heads, and graphics people. Once this process is completed the title gets uploaded on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.