Electronic medical records (EMRs) digitize and consolidate crucial patient information, including medical history, diagnoses, medications, immunization records, lab results, and doctor's notes. They serve as online medical records accessible to healthcare providers, facilitating efficient diagnosis and treatment. EMRs ensure comprehensive and accurate documentation of a patient's medical journey within a specific healthcare provider's office. This centralized information enables appropriate and informed care delivery throughout the provider's clinic, improving patient outcomes and healthcare efficiency.
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Data Bridge Market Research analyses that the Electronic Medical Records (EMR) Market is expected to reach USD 44,025.00 million by 2029, growing at a CAGR of 7.2% in the forecast period of 2022 to 2029. The increasing volume of patient data in healthcare facilities requires efficient management and organization. Electronic medical records (EMR) offer a digital solution for storing, accessing, and sharing patient information, leading to improved data management and streamlined workflows.
Key Findings of the Study
Advancements in information technology are expected to drive the market's growth rate
Advancements in information technology have revolutionized the healthcare industry, benefiting electronic medical record (EMR) systems. Cloud computing enables secure storage and accessibility of patient data from anywhere, while mobile applications facilitate convenient access to EMRs on smartphones and tablets. Artificial intelligence enhances EMR functionalities with real-time data access, remote patient monitoring, and predictive analytics. These advancements drive the adoption of EMR systems, promoting efficient healthcare delivery, improved patient outcomes, and data-driven decision-making in healthcare organizations.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Software and Services), Type (Traditional EMR, Speech Enabled EMR, Interoperable EMR, and Others), Application (Specialty Application and General Application), End User (Hospitals, General Physician Clinics, Specialised Clinics, Ambulatory Surgical Centres and Others), Delivery Mode (Client Based Setups, Cloud Based Setups, and Hybrid Setups).
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Epic Systems Corporation (U.S.), Greenway Health LLC (U.S.), NextGen Healthcare Inc. (U.S.), Experity (U.S.), Insync Healthcare (U.S.), Intersystems Corporation (U.S.), Eclinical Works (U.S.), Allscripts Healthcare Solutions Inc. (U.S.), Athenahealth Inc. (U.S.), Cerner Corporation (U.S.), Medical Information Technology Inc. (U.S.), Health Catalyst (U.S.), Carecloud Inc. (U.S.), Medhost (U.S.), WEBPT Inc. (U.S.), PRACTO TECHNOLOGIES PVT. LTD. (India), Curemd Healthcare (U.S.), Infor-Med Inc. (U.S.), PracticeSuite Inc. (U.S.), Patient Now (U.S.) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The electronic medical records (EMR) market is segmented on the basis of component, type, application, end user and delivery mode
- On the basis of component, the global electronic medical records (EMR) market is segmented into software and services. The software segment is expected to dominate the global electronic medical records (EMR) market with a CAGR of 8.0% in the forecast period of 2022 to 2029 due to various types of new software present in the market which have the major demand across various regions around the globe.
In 2022, the software segment is expected to dominate the component segment of the global electronic medical records (EMR) market
In 2022, the software segment is expected to dominate the global electronic medical records (EMR) market owing to implementation, training, support, and maintenance provided by vendors or third-party providers to ensure the effective functioning and utilization of the EMR system in healthcare settings with CAGR of 8.0% in the forecast period of 2022 to 2029.
- On the basis of type, the global electronic medical records (EMR) market is segmented into traditional EMRs, speech enabled EMRs, interoperable EMRs, and others. The interoperable EMRs segment is expected to dominate the global electronic medical records (EMR) market and is expected to reach USD 24,776.48 million by 2029, in the forecast period of 2022 to 2029 due to EMR systems facilitating seamless exchange of patient information between different healthcare providers and systems. They adhere to interoperability standards, enabling secure sharing of data, such as test results, prescriptions, and referrals, for coordinated patient care.
- On the basis of application, the global electronic medical records (EMR) market is segmented into specialty application and general application. The specialty application segment is expected to dominate the global electronic medical records (EMR) market with a CAGR of 7.5% in the forecast period of 2022 to 2029 due to specialized features and functionalities tailored to the requirements of specific healthcare domains.
- On the basis of end user, the global electronic medical records (EMR) market is segmented into hospitals, general physician clinics, specialized clinics, ambulatory surgry centres and others. In 2022, hospitals segment is expected to dominate the global electronic medical records (EMR) market with a CAGR of 8.5% in the forecast period of 2022 to 2029 due to the demand for EMRs is very high in the hospitals.
In 2022, hospitals segment is expected to dominate the end user segment of the global electronic medical records (EMR) market
In 2022, hospitals segment is expected to dominate the global electronic medical records (EMR) market owing to the store, manage, and access patient medical information electronically, improving efficiency, accuracy, and coordination of healthcare services within the hospital setting with a CAGR of 8.5% in the forecast period of 2022 to 2029
- On the basis of delivery mode, the global electronic medical records (EMR) market is segmented into client server setups, cloud based setups and hybrid setups. In 2022, cloud based setups segment is expected to dominate the global electronic medical records (EMR) market with a CAGR of 7.5% in the forecast period of 2022 to 2029 due to local infrastructure and offers scalability, flexibility, and ease of access. Maintenance and updates are typically handled by the service provider.
Major Players
Data Bridge Market Research recognizes the following companies as the major electronic medical records (EMR) market players in Electronic medical records (EMR) market are Epic Systems Corporation (U.S.), Greenway Health LLC (U.S.), NextGen Healthcare Inc. (U.S.), Experity (U.S.), Insync Healthcare (U.S.), Intersystems Corporation (U.S.), Eclinical Works (U.S.), Allscripts Healthcare Solutions Inc. (U.S.), Athenahealth Inc. (U.S.), Cerner Corporation (U.S.)
Market Development
- In 2022, the release of the Life Sciences program by Epic Systems Corporation expanded the company's efforts to connect the fragmented elements of the healthcare system.
- In 2022, CareArc, a federally qualified health center (FQHC) in Kansas, launched an Epic EHR implementation through a partnership with Health Choice Network (HCN) to improve the patient experience.
- In 2022, Anumana acquired NeuTrace. The acquisition positions Anumana as a global AI medical software development provider for cardiac electrophysiology.
- In 2021, Datavant and Ciox Health signed a binding agreement to create the greatest health data ecosystem in the country. It will make it easier for patients, providers, payers, health data analytics companies, patient-facing applications, governmental agencies, and life science companies to securely communicate patient-level data.
- In 2021, DrChrono announced that its open fast healthcare interoperability resources (FHIR) application programming interface (API) is expected to now be able to securely transfer the patient’s existing health records from the Patient database personal health record (PHR) into the Apple Health app.
Regional Analysis
Geographically, the countries covered in the electronic medical records (EMR) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in the electronic medical records (EMR) market during the forecast period 2022-2029
North America's dominance in the electronic medical record (EMR) market can be attributed to several factors. The region has implemented awareness programs to promote the adoption of EMR systems, leading to increased market penetration. Additionally, continuous technological advancements in the healthcare sector, such as the integration of artificial intelligence and data analytics in EMR systems, further contribute to market growth. These factors, coupled with a favorable regulatory environment, drive North America's continued dominance in the EMR market during the forecast period.
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