Global Hospital EMR Systems Market, By Component (Services, Software, Hardware), Type (General EMR Solutions, Specialty EMR Solutions), Delivery Mode (On-premise, Cloud-Based), Hospital Size (Small and Medium-sized Hospitals, Large Hospitals), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Hospital Electronic Medical Records (EMR) Systems Market
The hospital electronic medical records (EMR) systems market is expected to witness market growth at a rate of 8.98% in the forecast period of 2021 to 2028, and is estimated to reach the value of USD 20,545.66 million by 2028. Data Bridge Market Research report on hospital electronic medical records (EMR) systems market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid advancements in the healthcare sector globally is escalating the growth of hospital electronic medical records (EMR) systems market.
Electronic medical records (EMR) systems refer to the type of systems that are viewed as a big step from paper-based records to digital healthcare. The primary motivations of the systems have been personalization of care, broadening the scope of value-based care and need to meet high efficiency standards by healthcare providers.
The rise in patient volume due to the global outbreak of COVID-19 across the globe acts as one of the major factors driving the growth of hospital electronic medical records (EMR) systems market. The increase in adoption of the technology owning to the benefits such as disease coding, efficient billing, capability of electronic healthcare data integration and error-free patient documentation, accelerate the market growth. The surge in government support for the adoption of EMR solutions, and use of the technology for improving productivity in medical practices, the quality of care for patients, and boosting revenue cycles of hospitals further influence the market. Additionally, increase in the population, rise in concern for genetic diseases, expansion of pharmaceutical and biotechnology companies, and increase in the population positively affects the hospital electronic medical records (EMR) systems market. Furthermore, demand for cloud-based EHR solutions and shift towards patient-centric healthcare delivery extend profitable opportunity to the market players in the forecast period of 2021 to 2028.
- On the other hand, reluctance to adopt EMR solutions in developing countries and interoperability issues are expected to obstruct the market growth. The high cost associated with the deployment and data security concerns are projected to challenge the hospital electronic medical records (EMR) systems market in the forecast period of 2021-2028.
This hospital electronic medical records (EMR) systems market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on hospital electronic medical records (EMR) systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Hospital Electronic Medical Records (EMR) Systems Market Scope and Market Size
The hospital electronic medical records (EMR) systems market is segmented on the basis of component, type, delivery mode and hospital size. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the hospital electronic medical records (EMR) systems market is segmented into services, software, and hardware.
- On the basis of type, the hospital electronic medical records (EMR) systems market is segmented into general EMR solutions, and specialty EMR solutions.
- On the basis of delivery mode, the hospital electronic medical records (EMR) systems market is segmented into on-premise, and cloud-based.
- On the basis of hospital size, the hospital electronic medical records (EMR) systems market is segmented into small and medium-sized hospitals and large hospitals.
Hospital Electronic Medical Records (EMR) Systems Market Country Level Analysis
The hospital electronic medical records (EMR) systems market is analyzed and market size insights and trends are provided by country, component, type, delivery mode and hospital size as referenced above.
The countries covered in the hospital electronic medical records (EMR) systems market report are the 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.
North America dominates the hospital electronic medical records (EMR) systems market because of the hospitals, clinics and other healthcare facilities, and presence of major companies within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 due to the rapid digitalization of patient care in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The hospital electronic medical records (EMR) systems market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for hospital electronic medical records (EMR) systems market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the hospital electronic medical records (EMR) systems market. The data is available for historic period 2010-2019.
Competitive Landscape and Hospital Electronic Medical Records (EMR) Systems Market Share Analysis
The hospital electronic medical records (EMR) systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hospital electronic medical records (EMR) systems market.
The major players covered in the hospital electronic medical records (EMR) systems market report are medica, 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., AdvancedMD, Inc., and ALERT Life Sciences Computing, S.A., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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