Electronic Medical Record Market Size Report, Industry Share, Analysis, Growth, 2030

Electronic Medical Record Industry Perspective:

According to the report, global demand for the electronic medical record market was valued at approximately USD 27.1 billion in 2019 and is expected to generate revenue of around USD 40.8 billion by the end of 2026, growing at a CAGR of around 6.2% between 2020 and 2026.

An electronic medical record (EMR) refers to a systematic approach to the collection of health records of patients in a digital format. These records can be easily shared through network-connected, enterprise-wide information systems or other information networks and exchanges. Electronic medical records (EMR) may include data personal statistics like age and weight, and billing information and laboratory test results, vital signs, radiology images.EMR may contain digitalized images of paper documents along with diagnostic procedures such as X-rays.

Electronic Medical Record Market: Growth Factors

The market growth of the global electronic medical record market has been accelerated due to the feasibility of data availability across the globe and the growing need for an integrated healthcare system. In addition, improved quality of care through EMR implementation coupled with an increasing share of IT in healthcare expenditure is fueling the growth of the electronic medical record market significantly.  However, privacy & security issues are expected to hamper the growth of the electronic medical record market. Nonetheless, an increasingly patient-centric approach is expected to open up new growth opportunities in the forecast period.

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Electronic Medical Record Market: Segmentation

The report covers forecasts and analyses for the electronic medical record market on a global and regional level. The study provides historic data for 2015 along with a forecast from 2016 to 2021 based on revenue (USD million). The study also covers Porter’s Five Forces model, which offers an insight view and intensity of competition within the market. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate, and general attractiveness.

Electronic Medical Record Market: Regional Analysis

The study provides a decisive view of electronic medical health by solution, application, and region segments. The electronic medical health market has been segmented into software services, web-based and client-server based in terms of solution. On the basis of application, the market is categorized into ambulatory centers, hospitals, and physicians' offices.

Electronic Medical Record Market: Report Scope

Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America held a leading position in the electronic medical record market followed by Europe in 2015. The major factors driving the growth are increased portability and accessibility of medical document management systems.

Electronic Medical Record Market: Competitive Players 

Key players profiled in the report include

• Quest Diagnostics
• Cerner Corporation
• 3M Company
• Kofax Limited
• Toshiba Medical Systems Corp
• Epic Systems
• Hyland Software
• GE Healthcare
• WRS Health
• Siemens Medical Solutions
• McKesson Corporation
• Henry Schein. Inc.
• Allscripts Healthcare Solutions, Inc and others.

This report segments the global electronic medical record market as follows:

Electronic Medical Record Market: Solution Segment Analysis

• Software as services
• Web-based
• Client-server based

Electronic Medical Record Market: Applications Segment Analysis

• Ambulatory centers
• Client-server based
• Hospitals

Electronic Medical Record Market: Regional Segment Analysis

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