Electronic Medical Records (EMRs) are systematic collections of the electronically stored health data & information of patients.
Emergen Research has published its latest report titled “Electronic Medical Records Market, By Product Type (Inpatient EMR, Outpatient EMR), By Component (Software, Cloud, On-premise, Services), By Delivery Mode (Client Server Setups, Cloud-based Setups, Hybrid Setups), By End-use (Hospitals, Specialty Clinics, General Physician Offices, Ambulatory Surgical Centres), and By Region Forecast to 2028”
Market Dynamics:
Revenue growth of the global electronic medical records market is mainly attributed to factors such as rapid digitization in the healthcare sector, rising need to streamline and centralize the healthcare infrastructure, technological advancements in electronic health record systems such as the emergence of cloud-based EMR solutions, and increasing adoption of EMRs across healthcare facilities including hospitals, clinics, and general physicians’ offices. Growing prevalence of chronic and acute illnesses, rise in global geriatric population, increasing rate of hospital admissions, and growing need to improve patient care quality and data protection are some of the other major factors expected to drive market revenue growth over the forthcoming years.
Electronic Medical Records (EMRs) are systematic collections of the electronically stored health data & information of patients. EMRs include patient information such as demographics, medical history, medications, allergies, vital signs, immunization status, radiology images, and personal statistics. Furthermore, rapidly advancing global healthcare infrastructure, introduction of advanced population health management programs and software, and rise in demand for EMRs amid the COVID-19 pandemic boost the global electronic medical records market revenue growth.
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COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Outpatient EMR Segment Accounted for Largest Revenue Share in 2020:
Based on product type, the global electronic medical records market is segmented into Inpatient EMR and Outpatient EMR. The outpatient EMR segment dominated other segments in the global market in terms of largest revenue share in 2020. Outpatient EMRs are widely used by doctors and physicians to easily access patient history and record critical information about them. Rising demand for advanced healthcare information technology (IT) solutions and growing use of outpatient EMRs in hospitals, clinics, and ambulatory surgical centers are key factors driving this segment’s revenue growth.
Hospitals Segment to Register Fastest Revenue CAGR:
Based on end-use, the global electronic medical records market is segmented into Hospitals, Specialty Clinics, General Physician Offices, and Ambulatory Surgical Centres. The hospitals segment is projected to register the fastest revenue growth rate in the global market over the forecast period. Factors driving revenue growth of this segment are rapid adoption of healthcare IT solutions, increasing use of EMRs in hospitals and other healthcare facilities, introduction of cloud-based EMR solutions, and growing patient pool.
North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America electronic medical records market held the largest revenue share in the global market in 2020. Rising prevalence of chronic and acute diseases, increasing patient pool, growing need for EMRs in hospitals, clinics, and other healthcare institutions, and rising focus on development of next-generation EMRs are among the primary factors driving the North America market revenue growth.
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Major Companies in the Global Electronic Medical Records Market Include:
- The 3M Company
- Toshiba Medical Systems Corporation
- Hyland Software
- Siemens Medical Solutions
- McKesson Corporation
- Henry Schein, Inc.
- Allscripts Healthcare Solutions, Inc.
- WRS Health
- Medical Information Technology, Inc. (Meditech)
- Cerner Corporation
- Quest Diagnostics
- GE Healthcare
- Epic Systems
- SequelMed
- Kofax Limited
For the purpose of this report, Emergen Research has segmented the global electronic medical records market based on product type, component, delivery mode, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Inpatient EMR
- Outpatient EMR
Component Outlook (Revenue, USD Billion; 2018-2028)
- Software
- Cloud
- On-premise
- Services
Delivery Mode Outlook (Revenue, USD Billion; 2018-2028)
- Client Server Setups
- Cloud-based Setups
- Hybrid Setups
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Hospitals
- Specialty Clinics
- General Physician Offices
- Ambulatory Surgical Centres
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Region Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
Reasons to buy the report:
- This study segments the Electronic Medical Records market and derives the precise valuation of the overall, as well as segment-based, market across different industry verticals, geographies, and products.
- The report will help participants understand the trajectory of the progress of the market and provide information on key drivers, restraints, challenges, threats, and opportunities for the growth of the Electronic Medical Records sectors.
- This Electronic Medical Records report would allow readers to be well-versed with the existing competition and gain more insights to improve their standing in the worldwide business. The competitive landscape considers the dominant competitors, along with product launches and technological advancements, strategic expansions, mergers and acquisitions, and procurement strategies implemented by key players in the Electronic Medical Records market.
Key features of the report:
- To study the key aspects impacting the Electronic Medical Records market size.
- To identify growth prospects in the Electronic Medical Records market.
- To analyze the Electronic Medical Records market segments and deduce the dominant trends observed in the industry.
- To examine the Electronic Medical Records market by investigating the available products, market share, and value proposition of the products.
- To analyze the industry by assessing the scope and application of the Electronic Medical Records market and highlight the growth of each application.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2030
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. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
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
Continued…
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