Electronic Medical Records Market Growth and Analysis - Industry Trends, Size, Shares, Forecast to 2026
The question for sustainability of this system
arises on account of the existence of
electronic health records (EHR), which allows easy access to
patient health records irrespective of the time and physical location
of the user. The EHR system, however, finds major applicability in
large hospitals, and diagnostic centers thus paving the opportunity
for EMR in smaller and medium-sized private clinics and health
centers, which account for a major share of the healthcare practices.
The global electronic medical records market was
valued at US$ 21,444.4 million in 2015 and is expected to witness a
CAGR of 6.9% during the forecast period (2016 – 2024).
Inconsistent return on EMR systems is expected
to hinder the market growth
The risk associated with chronic diseases such as
obesity, cardiovascular attack, neurological conditions, and cancer
increases with age. This further leads to patient visits to specialty
centers or hospitals for the treatment and monitoring of such
diseases and data being stored in the electronic medical record
system increases with multiple doctor visits. Therefore, quantifying
monetary return on EMR systems is one of the major challenges faced
by the healthcare facilities. Moreover, competing priorities of
healthcare facilities compromises on the use EMR system. Another
major restraint affecting the market growth is the affordability of
EMR system in emerging economies.
Market Taxonomy
This report segments the global electronic medical
records market on the basis of component, product type, deployment,
end user, and geography. On the basis of component, the market is
categorized into software and service. On the basis of product type,
the market is categorized into inpatient and outpatient EMR. The
electronic medical record is also segmented based on deployment as on
premise, cloud-base and hybrid systems. On the basis of end-user, the
market is categorized into ambulatory surgical centers, specialized
clinics, hospitals and general physician specialized clinics. For
comprehensive understanding of market dynamics, the global electronic
medical records market is analyzed across key geographical regions
namely North America, Europe, Asia Pacific, Latin America, Africa,
and Middle East. Each of these regions is analyzed on basis of market
findings across major countries in these regions for a macro-level
understanding of the market.
Detailed Segmentation:
• Global Electronic Medical Records Market,
By Product Type:
◦ Inpatient EMR
◦ Outpatient EMR
• Global Electronic Medical Records Market,
By Component:
◦ Software
◦ Services
• Global Electronic Medical Records Market,
By Deployment:
◦ On-premise
◦ Cloud-based
◦ Hybrid
• Global Electronic Medical Records Market,
By End User:
◦ Ambulatory Surgical Centers
◦ Specialized Clinics
◦ Hospitals
◦ General Physician Specialized Clinics
• Global Electronic Medical Records Market,
By Geography:
◦ North America
◦ Europe
◦ Asia-Pacific
◦ Latin America
◦ Middle East
◦ Africa
Key Players:
Cerner Corporation, Allscripts-Misys Healthcare
Solutions Inc., McKesson Corporation, Quadramed Corporation, Medical
Information Technology Inc., Sage Software Healthcare Inc., Greenway
Health, LLC, NextGen Healthcare Information Systems, LLC, Epic
Systems Corporation, and GE Healthcare
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