Global Electronic Medical Records (EMR) Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023
By Component Type (Hardware, Software, and Services & Consulting), By Functionality (Basic Systems and Fully Functional Systems), By Application (Specialty based and General Applications), By EMR Type (Traditional EMR’s, Speech enabled EMR’s, Interoperable EMR’s, and Others), By Mode of Delivery (Cloud-based, On-premise model, and Hybrid), By End-User (Hospital-based EMR and Physician based EMR), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023
Global Electronic Medical Records (EMR) Market Report Description:
Global Electronic Medical Records (EMR) market report gives a comprehensive outlook on electronic medical record software and hardware components across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA). The report on electronic medical records market gives historical, current, and future market sizes (US$ Mn) on the basis of component type, functionality, application, EMR type, mode of delivery, end user, and geographic regions. This report studies electronic medical records market dynamics elaborately to identify the current market trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, electronic medical records market report includes the competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed electronic medical records market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs. Key stakeholders of the electronic medical records market report include hardware & software vendors, hospitals, physician offices, policymakers, and healthcare service providers who are engaged in the usage of Electronic Health Records (EMR).
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Global Electronic Medical Records (EMR) Market:
Global electronic medical records market estimated to be valued US$ 23,420 Mn in 2017 and poised to grow at CAGR of 7.1% over 2017-2023. The market for electronic medical records projected to reach US$ 35,340 Mn by 2023 owing to growing demand for advanced healthcare solutions.
Growing shift from pen-paper driven healthcare records to E-health records significantly drive market revenue growth
E-healthcare records capture the data pertaining to clinical, demographic, and financial information, which can use by clinicians and other HCPs of the organization. These E-medical records contain pooled patient information that is shared between the organizations. Moreover, the advantages of E-medical records over pen-paper records such as improved patient care, reduction in dose errors, informed decision making, and reduced operational cost & time, are driving the adoption Electronic medical records adoption in various healthcare setups. In addition, increasing regulatory requirement to capture the patient health records for drug product approval also projected to drive market revenue growth over the forecast period.
Increasing demand from key stakeholders for efficient healthcare solutions is likely to create lucrative growth opportunities
The wave digital transformation is helping to upgrade existing healthcare infrastructure with more efficient electronic record system in the in developing countries, which is propelling market revenue growth in emerging countries. Moreover, key stakeholders such as patients, Healthcare Professionals (HCPs), policymakers, and regulators increasingly seeking for detailed patient health records to make informed decisions. The growing demand from patient fraternity for improved healthcare services, improved treatment and diagnosis decisions by HCPs are creating market demand for electronic medical record across the globe.
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North America market leads the global electronic medical records market
North America market leads the global electronic medical records market and projected to remain dominant over the forecast period owing to rise in adoption EHR in across the healthcare setups in the region. Asia-pacific electronic medical records market projected to grow at significant CAGR over the forecast period owing to digital transformation of EHR and economic growth in the region.
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Competition Assessment
Key players profiled in the global Electronic Medical Records market include:
- Healthcare Management Systems (U.S)
- Healthland (U.S)
- McKesson Corporation (U.S)
- Allscripts (U.S)
- GE Healthcare (UK)
- Epic Systems Corporation (U.S)
- Eclinicalworks, LLC (U.S)
- CureMD Healthcare (U.S)
- Cerner Corporation (U.S)
- NextGen Healthcare (U.S)
- Meditech (U.S)
Players in the electronic medical records market are entering into partnerships, collaborations, and acquiring smaller players to garner larger market share
Key Findings of the Report:
- Global electronic medical records market expanding at 7.1% CAGR over 2017 to 2023 to reach market value of US$ 35,340 Mn by 2023
- Based on mode of delivery, cloud-based EMRs accounted for larger market revenue share in 2016 as these systems are well accepted among healthcare providers as these do not require in-house servers
- Software component segment growing with significant growth rate in the global EMR market
- Hospital-based EMRs accounted larger revenue share in the global market and expected to remain attractive over the forecast period.
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2012-2016) and forecast (2017-2023)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Detailed Segmentation
By Component Type
- Hardware
- Software
- Services & Consulting
By Functionality
- Basic Systems
- Fully Functional Systems
By Application
- Specialty based
- General Applications
By EMR Type
- Traditional EMR’s
- Speech-enabled EMR’s
- Interoperable EMR’s
- Others
By Mode of Delivery
- Cloud-based
- On-premise model
- Hybrid
By End User
- Hospital-based EMR
- Physician based EMR
Geography
- North America
- S.
- Canada
- Europe
- Germany
- France
- K
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Venezuela
- Rest of Latin America
- Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
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