Electronic Medical Records Market

Electronic Medical Records Market by Components (Software, Hardware, and Services), By End-users (Physician-based EMR and Hospital-based EMR), By Applications (Neurology, Oncology, Cardiology, Radiology, and Others), By Types (Speech Enabled EMRs, Interoperable EMRs, Traditional EMRs, and Others), By Modes of Delivery (On-premise Model and Cloud Based), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-1321
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 195
  • Format:
  • Pub. Date: Upcoming
  • Share:

The global electronic medical records market size was valued at USD 29.1 billion in 2020 and is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing patients due to covid-19, the rising need for curtail escalating healthcare costs, and growing number of hospitals adopting electronic medical records solutions.

Electronic medical record is the digital records that contain information regarding the patient health. It has general information, which includes the medical history and treatment information of patients that is collected by the individual medical practice. There are different charts at various healthcare facilities, patients will be having electronic charts that can be managed and accessed by different healthcare facilities by using electronic medical record software.

Electronic Medical Records Market summary

 

It includes information about patient such as medical history, allergies, immunization status, vital signs, demographics, medications, radiology reports, laboratory test results, and billing information. It helps to enhance communications and productivity between healthcare providers and patients that improves health outcomes and patient safety.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing number of chronic diseases is anticipated to propel the market expansion during the forecast period.

  • Rapid growth of the hospital industry is major factor propelling the market growth.
  • High cost of electronic medical records is estimated to hamper the market expansion in the coming years.
  • Increasing concern regarding the safety and security of patients data acts as main challenges that can impede the market growth.
  • R&D investment and technological advancement in electronic medical record is expected to create significant opportunities for the market players.

Scope of the 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

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

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Components (Software, Hardware, and Services), By End-users (Physician-based EMR and Hospital-based EMR), By Applications (Neurology, Oncology, Cardiology, Radiology, and Others), By Types (Speech Enabled EMRs, Interoperable EMRs, Traditional EMRs, and Others), By Modes of Delivery (On-premise Model and Cloud Based)

Regional Scope

Asia Pacific, North America, Latin America, Europe, 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

Cerner Corp.; Greenway Health, LLC; AdvancedMD, Inc.; CPSI; Allscripts Healthcare Solutions, LLC; HMS; CureMD Healthcare; Epic Systems Corp.; McKesson Corporation; and DXC Technology Company

 

Market Segment Insights:

Services segment is projected to account for a large market share

Based on components, the global electronic medical records market is divided into software, hardware, and services. The services segment is expected to constitute a key share of the market during the forecast period owing to rising number of patients admitted to hospitals along with recurring nature of services including installation, training and education, maintenance, and consulting.

Hospital-based EMR segment is projected to hold a key market share

On the basis of end-users, the market is segmented into physician-based EMR and hospital-based EMR. The hospital-based EMR segment is expected to represent a key share of the market in the coming years due to high amount of medical data generated in hospitals and reduced installation cost in hospitals. On the other hand, the physician-based EMR segment is anticipated to expand at a rapid pace during the forecast period owing to increasing population and number of physician globally.

Oncology segment is projected to constitute a major market share

In terms of applications, the global electronic medical records market is segregated into neurology, oncology, cardiology, radiology, and others. The oncology segment is expected to account for a key share of the market during the forecast period owing to rising incidence of cancer and it creates a lot of medical data. Oncology helps in imaging in the diagnosis and treatment of cancers and tumors. However, the cardiology segment is anticipated to expand at a rapid pace during the forecast period due to immediate access to current and historical images as well as reports.

Traditional EMRs segment is projected to hold a key market share

On the basis of types, the market is segmented into speech enabled EMRs, interoperable EMRs, traditional EMRs, and others. The traditional EMRs segment is expected to represent a key share of the market in the coming years due to multifunction, flexible functioning, and incorporated plugins. Traditional EMRs is widely used in various specialties in the hospital. On the other hand, the interoperable EMRs segment is anticipated to expand at a rapid pace during the forecast period owing to it helps in making patients history easily available in the digital format.

Electronic Medical Records Market types

Cloud based segment is projected to account for a large market share

Based on modes of delivery, the global electronic medical records market is divided into on-premise model and cloud based. The cloud based segment is expected to constitute a key share of the market during the forecast period owing to flexibility and shifting preferences of hospitals for EMR systems from on-premise models to cloud based models.

North America is expected to dominate the market

On the basis of regions, the global electronic medical records market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to technological advancements in the development of next generation electronic medical records solutions and government regulations and mandates to implement it in the hospitals.

Electronic Medical Records Market region

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. Cerner Corp.
     11.4.2. Greenway Health, LLC
     11.4.3. AdvancedMD, Inc.
     11.4.4. CPSI
     11.4.5. Allscripts Healthcare Solutions, LLC
     11.4.6. HMS; CureMD Healthcare
     11.4.7. Epic Systems Corp.

Segments Covered in the Report

The global electronic medical records market has been segmented on the basis of

Components

  • Software
  • Hardware
  • Services

End-users

  • Physician-based EMR
  • Hospital-based EMR

Applications

  • Neurology
  • Oncology
  • Cardiology
  • Radiology
  • Others

Types

  • Speech Enabled EMRs
  • Interoperable EMRs
  • Traditional EMRs
  • Others

Modes of Delivery

  • On-premise Model
  • Cloud Based

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Cerner Corp.
  • Greenway Health, LLC
  • AdvancedMD, Inc.
  • CPSI
  • Allscripts Healthcare Solutions, LLC
  • HMS; CureMD Healthcare
  • Epic Systems Corp.
  • McKesson Corporation
  • DXC Technology Company

Key players competing in the global electronic medical records market include Cerner Corp.; Greenway Health, LLC; AdvancedMD, Inc.; CPSI; Allscripts Healthcare Solutions, LLC; HMS; CureMD Healthcare; Epic Systems Corp.; McKesson Corporation; and DXC Technology Company. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

Electronic Medical Records Market keyplayers

Buy Report