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Electronic Medical Record Market

Electronic Medical Record (EMR) Systems Market Size, Share & Segmentation 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), by regions | Global Market Forecast 2022-2028

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.

Electronic Medical Record (EMR) systems market

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.

Market dynamics:

Key Drivers:

  • 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.

Restraints/Challenges:

  • Data Security Concerns

  • High HER Service Costs

Opportunities:

  • 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.

Market Estimation:

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

Electronic Medical Record (EMR) systems market

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.

Key players:

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.

Regional Analysis:

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.

REGIONAL COVERAGE:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The 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

 

Electronic Medical Record (EMR) Systems Market Report Scope:
Report Attributes Details
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
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

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

9.1 Services 

9.2 Software 

9.3 Hardware

 

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

11.1 On-premise

11.2 Cloud-based

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2     Canada

12.2.3     Mexico

12.3        Europe

12.3.1     Germany

12.3.2     UK

12.3.3     France

12.3.4     Italy

12.3.5     Spain

12.3.6     The Netherlands

12.3.7     Rest of Europe

12.4        Asia-Pacific

12.4.1     Japan

12.4.2     South Korea

12.4.3     China

12.4.4     India

12.4.5     Australia

12.4.6     Rest of Asia-Pacific

12.5        The Middle East & Africa

12.5.1     Israel

12.5.2     UAE

12.5.3     South Africa

12.5.4     Rest

12.6        Latin America

12.6.1     Brazil

12.6.2     Argentina

12.6.3     Rest of Latin America

 

13. Company Profiles

13.1 IBM

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 eClinicalWorks

13.3 McKesson

13.4 Allscripts

13.5 Care360

13.6 GE Healthcare

13.7 Fujitsu

13.8 Neusoft

13.9 Hitachi Data Systems

13.10 Dell

13.11 Practice Fusion

13.12 Athenahealt

13.15 Drchrono

13.14 Kareo

13.14 Cerner

13.16 Henry Schein

13.17 Telus Health

13.18 Sinosoft

13.19 Landwind

13.20 Hope Bridge

13.21 Winning

13.22 Chengdian Yixing

13.23 Beijing Zhonghong

 

 

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

 

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Secondary Research

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