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Hospital EMR Systems Market

Hospital EMR Systems Market Size, Share & Segment by Component type (Software, Services, Hardware), By Delivery Mode (On-premise, Cloud-based), By Type (Specialty EMR Solutions, General EMR Solutions), By Hospital Size (Small and Medium-sized Hospitals, Large Hospitals), by Regions and Global Forecast 2022-2028

Report Id: SNS/HC/2032 | June 2022 | Region: Global | 125 Pages

Hospital EMR Systems Market Overview:

The Hospital EMR Systems Market Size was valued at USD 15.3 billion in 2021, and is expected to reach USD 26.4 billion by 2028, and grow at a CAGR of 8.1% over the forecast period 2022-2028.

EMRs, or electronic medical records, are the digital counterparts to paper records or charts in a doctor's office. EMR systems for hospitals are available in a range of configurations, including hardware, software, and services, and can be installed on-premise or in the cloud. Using an EMR, many healthcare providers can track patient data over a lengthy period of time. It can assist identify patients who need preventive exams and screenings, as well as maintain track of how each patient performs against particular criteria such as blood pressure readings or vaccinations. The goal of electronic medical records (EMRs) is to help organizations provide more efficient and precise treatment.

Hospital EMR Systems Market

MARKET DYNAMICS

DRIVERS

  • Government assistance in the implementation of EMR solutions

  • Increasing patient volume as a result of the global COVID-19 outbreak

  • The need to contain rising medical services cost.

RESTRAINTS

  • Significant infrastructure development investments are required, as well as a hefty implementation cost.

  • In developing nations, there is a hesitancy to utilize EMR solutions.

OPPORTUNITIES

  • Demand for cloud-based EHR systems is increasing.

  • A shift in healthcare delivery that is more patient-centered

CHALLENGES

  • Problems with interoperability

  • concerns about data security

IMPACT OF COVID-19

The pandemic of COVID-19 has a favourable effect on the healthcare information system business. Clinical specialists can assess and analyse patients, e-prescribe drugs and therapies, and spot changes in their diseases using hospital information systems that allow for remote consultations. The COVID-19 pandemic is giving great opportunity to hospital information systems as a result of social distance being the sole known approach for reducing COVID-19 exposure. In this sense, telemedicine becomes a more appealing, powerful, and practical choice. Furthermore, this advancement is crucial in safeguarding the safety of healthcare workers. 

Higher patient volume due to the global COVID-19 epidemic, the need to control rising healthcare costs, government mandates and support to boost hospital EMR solution usage, and government requirements and support to boost hospital EMR solution adoption are all drivers driving market expansion. The usage of hospital EMR systems is further boosted by stringent adherence to government laws and legislation aimed at simplifying patient care, such as the Health Insurance Portability and Accountability Act.

These technologies boost reporting capabilities, enabling for early detection of potentially dangerous outbreaks or treatment-related issues. Increased awareness of the system's numerous advantages is likely to drive market expansion. The use of Big Data in conjunction with hospital EMR systems to find trends such as illness risk factors is driving the market for hospital EMR systems.

Increased demand for cloud-based EHR solutions, and a shift toward patient-centric healthcare delivery systems, are further potential driving the market forward.

Nevertheless, during the projected period, the high deployment costs of EMR systems and data security concerns may limit market growth to some extent.

By Component type

The market is divided into three categories: services, software, and hardware. Part of the services dominated the market for EMR programs at the hospital. The repeated emergence of resources that include training and teaching, placement, counseling, and care, and an increase in the number of hospitalized patients, are encouraging growth in the area.

By Delivery Mode

On-premise and cloud-based solutions are separated in the market. During the projected period, the cloud-based category is anticipated to develop at the fastest rate. As more hospitals switch from on-premise to cloud-based EMR systems, the market for these systems is growing.

By Type

There are two types of EMR systems on the market: general EMR and speciality EMR. The market for hospital EMR systems was dominated by the general EMR solutions sector. The multifunction, multi-specialty highlights of general EMRs, which empower their utilization in various claims to fame through adaptable working and included modules, represent a significant extent of this market classification.

By Hospital Size

Small and medium-sized hospitals, as well as major hospitals, make up the hospital EMR systems market. The sector of small and medium-sized hospitals held the biggest share of the hospital EMR systems market. The rapid acceptance of EMRs at small and medium-sized hospitals can be ascribed to factors like the simplicity of transferring patient data across healthcare professionals, cheaper initial costs, and ease of deployment.

COMPETITIVE LANDSCAPE

Some of the major key players are as follows: Allscripts Healthcare Solutions, Inc., Cerner Corporation, athenahealth, Inc., Epic Systems Corporation, GE Healthcare, eClinicalWorks, CPSI, MEDITECH, NextGen Healthcare, MEDHOST, and other players.

MARKET SEGMENTS:

By Component type

  • Software

  • Services

  • Hardware

By Delivery Mode

  • On-premise

  • Cloud-based

By Type

  • Specialty EMR Solutions

  • General EMR Solutions

By Hospital Size

  • Small and Medium-sized Hospitals

  • Large Hospitals

Hospital EMR Systems Market

REGIONAL ANALYSIS

North America led the global hospital EMR systems market, while Europe came in second. A major regional allocation can be attributed to the government's mandate to implement EHR solutions in hospitals; the presence of major EHR vendors in the region, including MEDITECH, Epic Systems Corporation, CPSI,  Cerner Corporation, and Allscripts Healthcare Solutions, Inc.; and technological advances in the development of next-generation EHR solutions.

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

Hospital EMR Systems Market Report Scope: 
Report Attributes Details
Market Size in 2021 US$ 15.3 Billion
Market Size by 2028 US$ 26.4 Billion
CAGR CAGR of 8.1% 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 Component type (Software, Services, Hardware)
• By Delivery Mode (On-premise, Cloud-based)
• By Type (Specialty EMR Solutions, General EMR Solutions)
• By Hospital Size (Small and Medium-sized Hospitals, Large Hospitals)
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 Allscripts Healthcare Solutions, Inc., Cerner Corporation, athenahealth, Inc., Epic Systems Corporation, GE Healthcare, eClinicalWorks, CPSI, MEDITECH, NextGen Healthcare, MEDHOST, and other players.
DRIVERS • Government assistance in the implementation of EMR solutions
• Increasing patient volume as a result of the global COVID-19 outbreak
• The need to contain rising medical services cost.
RESTRAINTS • Significant infrastructure development investments are required, as well as a hefty implementation cost.
• In developing nations, there is a hesitancy to utilize EMR solutions.


Frequently Asked Questions (FAQ) :

Hospital EMR Systems Market Size was valued at USD 15.3 billion in 2021, and expected to reach USD 26.4 billion by 2028.

Yes, this report covers qualitative and quantitative analysis.

Software, Services, Hardware are the sub segments of component of Hospital EMR Systems market.

Drivers, Restraints, Opportunities, and Challenges are the factors of marketing dynamics Hospital EMR Systems market.

Allscripts Healthcare Solutions, Inc., Cerner Corporation, athenahealth, Inc., and Epic Systems Corporation, are some of the key players of Hospital EMR Systems market.


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 ware

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Hospital EMR Systems Market Segmentation, By Component type

8.1 Software

8.2 Services

8.3 Hardware

 

9. Hospital EMR Systems Market Segmentation, By Delivery Mode

9.1 On-premise

9.2 Cloud-based

 

10. Hospital EMR Systems Market Segmentation, By Type

10.1 Specialty EMR Solutions

10.2 General EMR Solutions

 

11. Hospital EMR Systems Market Segmentation, By Hospital Size

11.1 Small and Medium-sized Hospitals

11.2 Large Hospitals

 

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 Allscripts Healthcare Solutions, Inc.

            13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Cerner Corporation

13.3 athenahealth, Inc.

13.4 Epic Systems Corporation

13.5 GE Healthcare

13.6 eClinicalWorks

13.7 CPSI

13.8 MEDITECH

13.9 NextGen Healthcare

13.10 MEDHOST

 

14.Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15.Conclusion

 

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Secondary Research

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