According to IMARC Group’s latest report, titled “Electronic Medical Records Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global electronic medical records market reached a value of US$ 27.0 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$36.6 Billion by 2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Electronic medical record (EMR) refers to digital documents that can generate and send prescriptions to pharmacies electronically. It collects medical information of patients, including their health history, diagnoses, medicines, tests, allergies, immunization, and treatment plans. EMR also assists in keeping track of vital signs, personal statistics, and billing information. It offers a real-time, patient-centered and digital alternative to paper records and charts used to provide information instantly and securely to authorized users. EMR can be accessed by all healthcare providers taking care of the patient and offers quality care and protection from data disruption caused by accidents or mishaps.
Electronic Medical Records Market Trends and Drivers:
The global electronic medical records market is primarily driven by the rapid digitization in the healthcare industry. Governments of various nations are taking initiatives to encourage physicians and healthcare providers to invest in IT-based solutions, such as EMR. They are also establishing regional extension centers that offer technical support and advice to patients. Besides this, the growing demand for integrated healthcare systems with big data is also contributing to the market growth. With the ongoing coronavirus disease (COVID-19) pandemic, the global healthcare industry is witnessing a crunch. The consequent increase in hospitalizations and lockdowns has resulted in the demand for cloud-based EMR solutions to enhance communication between healthcare providers and patients. Furthermore, the growing geriatric population, the rising prevalence of chronic diseases and the implementation of favorable health management programs are some of the other factors that are significantly impacting the market growth worldwide.
Electronic Medical Records Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the electronic medical records market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- AdvancedMD (Global Payments Inc.)
- Allscripts Healthcare Solutions
- Cerner Corporation
- Computer Programs and Systems Inc.
- CureMD Healthcare
- eClinicalWorks
- Epic Systems Corporation
- General Electric (GE) Company
- Greenway Health LLC
- McKesson Corporation
- Modernizing Medicine Inc.
- Nextgen Healthcare Inc.
Key Market Segmentation:
The report has segmented the global electronic medical records market on the basis of type, component, functionality, deployment type, application, end user and region.
Breakup by Type:
- Traditional EMRs
- Speech Enabled EMRs
- Interoperable EMRs
- Others
Breakup by Component:
- Hardware
- Software
- Services
Breakup by Functionality:
- Basic Systems
- Fully Functional Systems
Breakup by Deployment Type:
- Cloud-based
- On-premises
Breakup by Application:
- Specialty Based
- Cardiology
- Neurology
- Radiology
- Oncology
- Others
- General Applications
Breakup by End User:
- Hospital and Clinics
- Specialty Centers
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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