Electronic Medical Records (EMR) Market Is Likely to Grasp the CAGR of 7.2% by 2029
Global Electronic Medical Records (EMR) Market report highlights all-inclusive professional study of the HELATH industry which focuses on primary and secondary drivers, market share, competitor analysis, leading segments and geographical analysis. This global market research report is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. The market research performed here also provides information about manufacturers, market competition, cost, market effect factors for the forecast period of . By providing trustworthy market research information, Global Electronic Medical Records (EMR) Market report helps to extend reach to the success in the business.
An electronic medical record (EMR) is a digital version of all the information you would typically find in a provider’s paper chart: medical history, diagnoses, medications, immunization dates, allergies, lab results and doctor’s notes. EMR are online medical records of the standard medical and clinical data from one provider’s office, mostly used by providers for diagnosis and treatment. Comprehensive and accurate documentation of a patient’s medical history, tests, diagnosis and treatment in EMR ensures appropriate care throughout the provider’s clinic.
Global electronic medical record (EMR) market is expected to reach USD 44,025.00 million by 2029, growing at a CAGR of 7.2% in the forecast period of 2022 to 2029.
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The growing demand of EMR across the hospitals and various clinics around the globe is helping to boost the overall market growth. The rising technological advancements in the EMR software and services are also attributing in the growth of the market. The major market players are highly focusing on various new launches. In addition, the low maintenance and wider accessibility of EMRs also contributing in the rising demand for the market.
Drivers
Rising technological advancements
The introduction of artificial intelligence (AI) in the development of EHRs software and advancements in software technology and the healthcare sector are also expected to accelerate the market’s overall growth.
The EHR solutions are used for intelligently automate and simplify the electronic records management process in organizations across the globe.
Low maintenance and wider accessibility
The wider use of healthcare information systems and the easier integration and sharing of patient clinical information can facilitate a wider access to medical records. EMR can bring several advantages in terms of security solutions as well as improving the correctness and completeness of the patient records is expected to boost the growth of the global electronic medical records (EMR) market.
Growing investment in healthcare by the government and private sector
Healthcare expenditure has increased across the world as people’s disposable income in various countries are increasing. Moreover, to accomplish the population requirements, the government bodies and healthcare organizations are taking the initiative by virtue of accelerating healthcare expenditure is expected to boost the growth of the global electronic medical records (EMR) market.
Recent Development
- In September 2022, Epic Systems Corporation announced the release of its Life Sciences program, expanding its work to bring together the disconnected parts of healthcare. The program is built to help providers, pharmaceutical companies, and medical device manufacturers recruit research participants, expand clinical trial access to underrepresented communities, and speed up the development of new therapies.
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Some of the major companies which are dealing in the market Epic Systems Corporation, Greenway Health LLC, NextGen Healthcare Inc., Experity, Insync Healthcare, Intersystems Corporation, Eclinical Works, Allscripts Healthcare Solutions Inc., Athenahealth Inc., Cerner Corporation, Medical Information Technology Inc., Health Catalyst, Carecloud Inc., Medhost, WEBPT Inc., PRACTO TECHNOLOGIES PVT. LTD., Curemd Healthcare, Infor-Med Inc., PracticeSuite Inc., Patient Now and among others.
The Global Electronic Medical Record (EMR) Market Scope
Global electronic medical records (EMR) market is categorized into five notable segments such as component, type, application, end user and delivery mode. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Component
- Software
- Services
On the basis of component, the global electronic medical record (EMR) market is segmented into software and services.
Type
- Traditional EMR
- Speech Enabled EMR
- Interoperable EMR
- Others
On the basis of type, the global electronic medical records (EMR) market is segmented into traditional EMR, Speech Enabled EMR, Interoperable EMR and others.
Application
- Speciality Application
- General Application
On the basis of application, the global electronic medical records (EMR) market is segmented into speciality application and general application.
End User
- Hospitals
- General Physician Clinics
- Specialized Clinics
- Ambulatory Surgical Centres
- Others
On the basis of end user, the global electronic medical records (EMR) market is segmented into hospitals, general physician clinics, specialized clinics, ambulatory surgical centres and others.
Delivery Mode
- Client Based Setups
- Cloud Based Setups
- Hybrid Setups
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs. Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
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