Electronic Medical Records Market Size, Share, Analysis 2031

Electronic Medical Records Market Size, Share, Analysis 2031

Segments - Electronic Medical Records Market by Components (Hardware, Software, and Services), End-users (Hospital-based EMR and Physician-based EMR), Applications (Cardiology, Neurology, Radiology, Oncology, and Others), Types (Traditional EMRs, Speech enabled EMRs, Interoperable EMRs, and Others), and Mode of Delivery (Cloud-based and On-premise), and Regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : Vineet Pandey
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-783 | 4.7 Rating | 81 Reviews | 186 Pages | Format : PDF Excel PPT

Report Description


Electronic Medical Records Market Outlook 2031

The global electronic medical records market size was USD 16.27 Billion in 2022 and is anticipated to reach USD 33.07 Billion by 2031 expand at a robust CAGR 8.2% during the forecast period, 2023-2031. The growth of the market is attributed to the increasing adoption of health platforms among patients to track health status easily. Moreover, growing requirement of systems that can manage the patients effectively, securely store records and minimize records retention costs is driving the market growth.

Electronic medical records (EMR) constitute of medical and treatment history of the patient. This helps the clinicians to track data of patient over the time. It can track and manage their health data easily. The one of the advantages of EMR is that it can generate and can send prescriptions to pharmacies electronically. They store and process range of data, such as vital signs, personal statistics, laboratory test results, and billing information.

Electronic Medical Records Market Outlook

EMR is a digital version of paper-based medical information of patients. It aims at improving the overall quality of patient care. EMR comprises combination of clinical, financial, demographic and coded healthcare data. Many government organizations have stressed upon the significance of EMRs.

According to the World Health Organization (WHO), the proper collection, management and use of information within healthcare systems can determine the system’s effectiveness in detecting health problems, defining priorities, identifying innovative solutions and allocating resources to improve health outcomes.


Currently, a number of hospitals and clinics are using EMRs to store important documents related to the patient’s illness. The information repository of individual patients would lead to better security and quick data retrieval whenever required.

  • Rising demand for integrated healthcare systems is one of the major drivers that is contributing to the growth of the global electronic medical records market.
  • Increasing healthcare expenditure is expected to augment the market growth.
  • Increasing safety concerns related to data can hinder the growth of the market.
  • Reluctance to adopt EMR solutions in developing nations and need for significant investments in infrastructure development can impede the market growth.
  • The outbreak of COVID-19 has positively impacted the electronic medical records market owing to increasing patient admission in hospitals.

Scope of Electronic Medical Records Market Report

The report on the global electronic medical records market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Electronic Medical Records Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Components (Hardware, Software, Services), End-Users (Hospital-based EMR and Physician-based EMR), Applications (Cardiology, Neurology, Radiology, Oncology, and Others), Types (Traditional EMRs, Speech enabled EMRs, Interoperable EMRs, and Others), and Mode of Delivery (Cloud-based and On-premise)

Regional scope

North America, Latin America, Europe, Asia Pacific and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

4medica, AdvancedMD, Inc., ALERT Life Sciences Computing, S.A., AllMeds, Inc., Amazing Charts LLC, Aprima, athenahealth, Inc, Bernoulli, Cambio Healthcare Systems, CareCloud Corporation, Cerner Corporation, Change Healthcare, Medsphere Systems Corporation., CompuGroup Medical SE, CPSI, CureMD Healthcare, eClinicalWorks, eMDs, Inc., Epic Systems Corporation., GENERAL ELECTRIC COMPANY, Greenway Health, LLC, Henry Schein Medical Systems, Inc, and Medical Information Technology, Inc.

Electronic Medical Records Market Segment Insights

 Software segment to grow at a rapid pace

Based on components, the market is divided into components hardware, software, and services. The software segment is anticipated to account for a key share and is anticipated to grow at a steady rate during the forecast period. The deployment of advanced software aids in improved data collection and helps in analyzing the medical records effectively. However, the services segment is expected to grow at a healthy rate in the projected timeline.

Electronic Medical Records Market Components

Hospital based EMR segment to accelerate market growth

Based on end-users, the market is segmented into hospital-based EMR and physician-based EMR. The hospital-based EMR segment is anticipated to account for a major share due to increasing number of hospitals, globally, and growing awareness regarding benefits of using EHR such as easy access to patient-centric data and better patient care.

Neurology segment to account a major market share

Based on applications, the market is segregated into cardiology, neurology, radiology, oncology, and others. The neurology segment is anticipated to account for a significant market share during the forecast period. Rising number of people dealing with neuro problems is driving the segment growth. Elderly are more prone to neuro diseases. Conversely, the radiology segment is expected to grow at a steady rate in the coming years.

Electronic Medical Records Market Applications

Speech enabled EMR holds a major market share

Based on types, the market is divided into traditional EMRs, speech enabled EMRs, interoperable EMRs, and others. The speech enabled EMRs segment is projected to account for a significant market share during the forecast period. However, the interoperable EMRS segment is expected to grow at exponential rate due to the increasing information repository of individual patients would lead to better security and quick data retrieval of patient’s data.

Cloud-based segment to grow in market

Based on mode of delivery, the market is divided into Cloud-based and on-premise. The cloud-based segment is projected to grow at a robust rate due to rising adoption of cloud computing to allow centralized data storage and easy access to data through multiple sites across geographic locations. However, the on- premise segment is expected to account a considerable market share during the forecast period.

North America to account a considerable market share

On the basis of regions, the market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is anticipated to dominate the electronic medical record market growth due to increasing portability and accessibility of medical document management systems and growing demand for paperless environment to minimize human error.

Electronic Medical Records Market Regions

Segments

The global electronic medical records have been segmented on the basis of

Components

  • Hardware
  • Software
  • Services

End-Users

  • Hospital-based EMR
  • Physician-based EMR

Applications

  • Cardiology
  • Neurology
  • Radiology
  • Oncology
  • Others

Types

  • Traditional EMRs
  • Speech enabled EMRs
  • Interoperable EMRs
  • Others

Mode of Delivery

  • Cloud-based
  • On-premise

Key Players

  • 4medica
  • AdvancedMD Inc.
  • ALERT Life Sciences Computing S.A.
  • AllMeds Inc
  • Amazing Charts LLC
  • Aprima
  • athenahealth Inc
  • Bernoulli
  • Cambio Healthcare Systems
  • CareCloud Corporation
  • Cerner Corporation
  • Change Healthcare
  • Medsphere Systems Corporation
  • CompuGroup Medical SE
  • CPSI, CureMD Healthcare
  • EClinicalWorks
  • eMDs Inc.
  • Epic Systems Corporation.
  • GENERAL ELECTRIC COMPANY
  • Greenway Health LLC
  • Henry Schein Medical Systems Inc
  • Medical Information Technology Inc.

Competitive Landscape

The major players of the market are 4medica, AdvancedMD, Inc., ALERT Life Sciences Computing, S.A., AllMeds, Inc., Amazing Charts LLC, Aprima, athenahealth, Inc, Bernoulli, Cambio Healthcare Systems, CareCloud Corporation, Cerner Corporation, Change Healthcare, Medsphere Systems Corporation., CompuGroup Medical SE, CPSI, CureMD Healthcare, eClinicalWorks, eMDs, Inc., Epic Systems Corporation., GENERAL ELECTRIC COMPANY, Greenway Health, LLC, Henry Schein Medical Systems, Inc, and Medical Information Technology, Inc.

Companies are focusing on innovation, expansion, and acquisitions to expand their market share.

Electronic Medical Records Market key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electronic Medical Records Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Electronic Medical Records Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Electronic Medical Records Market - Supply Chain
  4.5. Global Electronic Medical Records Market Forecast
     4.5.1. Electronic Medical Records Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Electronic Medical Records Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Electronic Medical Records Market Absolute $ Opportunity
5. Global Electronic Medical Records Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Electronic Medical Records Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Electronic Medical Records Demand Share Forecast, 2019-2026
6. North America Electronic Medical Records Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Electronic Medical Records Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Electronic Medical Records Demand Share Forecast, 2019-2026
7. Latin America Electronic Medical Records Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Electronic Medical Records Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Electronic Medical Records Demand Share Forecast, 2019-2026
8. Europe Electronic Medical Records Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Electronic Medical Records Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Electronic Medical Records Demand Share Forecast, 2019-2026
9. Asia Pacific Electronic Medical Records Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Electronic Medical Records Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Electronic Medical Records Demand Share Forecast, 2019-2026
10. Middle East & Africa Electronic Medical Records Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Electronic Medical Records Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Electronic Medical Records Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Electronic Medical Records Market: Market Share Analysis
  11.2. Electronic Medical Records Distributors and Customers
  11.3. Electronic Medical Records Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. 4medica
     11.4.2. AdvancedMD Inc.
     11.4.3. ALERT Life Sciences Computing S.A.
     11.4.4. AllMeds Inc
     11.4.5. Amazing Charts LLC
     11.4.6. Aprima
     11.4.7. athenahealth Inc
     11.4.8. Bernoulli
     11.4.9. Cambio Healthcare Systems
     11.4.10. CareCloud Corporation

Methodology

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