Global Demand for 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 end of 2026, growing at a CAGR of around 6.2% between 2020 and 2026
According to the report, global demand for 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 end of 2026, growing at a CAGR of around 6.2% between 2020 and 2026.
An electronic medical record (EMR) refers to systematic approach of 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 record (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 document along with diagnostic procedures such as X-rays.
The market growth of global electronic medical record market has been accelerated due to feasibility in data availability across the globe and growing need of integrated healthcare system. In addition, improved quality of care through EMR implementation coupled with increasing share of IT in healthcare expenditure is fueling the growth of electronic medical record market significantly. However, privacy & security issues are expected to hamper the growth of electronic medical record market. Nonetheless, increasing patient centric approach is expected to open up new growth opportunities in forecast period.
The report covers forecast and analysis for the electronics medical record market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD million). Study also covers Porter’s Five Forces model, which offers an insights 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.
The study provides a decisive view of the 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 office.
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.
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 other.
This report segments the global of electronic medical record market as follows:
Electronic Medical Record Market: Solution Segment Analysis
Electronic Medical Record Market: Applications Segment Analysis
Electronic Medical Record Market: Regional Segment Analysis