Report Scope & Overview:
The Electronic Medical Record (EMR) Systems Market size was valued at US$ 28.02 billion in 2022 and is projected to reach over US$ 38.95 billion by 2030, with a growing CAGR of 4.2% during the forecast period 2023-2030.
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.
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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.
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 Electronic Health Records (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
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.
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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
Key Players:
The major key players are 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 and Other Players.
McKesson-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 28.02 Billion |
| Market Size by 2030 | US$ 38.95 Billion |
| CAGR | CAGR of 4.2% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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 |
Ans:- The Electronic Medical Record (EMR) systems market is expected to grow at a CAGR of 4.2% over the forecast period 2023-2030.
Ans: The Electronic Medical Record (EMR) Systems Market size was escalated to US$ 28.02 billion in 2022.
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
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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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