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Electronic Medical Records Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Report Format: PDF+Excel | Report ID: SR112023A2314
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Market Overview 2022-2027:
The global electronic medical records market size reached US$ 30.41 Billion in 2021. Looking forward, IMARC Group expects the market to exhibit a growth rate (CAGR) of 4.93% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Electronic medical records (EMRs) refer to digital records that consist of information regarding the patient’s health. It includes patient demographics, medical history, medications, allergies, radiology reports, immunization status, laboratory test results, vital signs and billing information. EMRs can be deployed through cloud computing and on-premises software. Cloud-based solutions enable centralized data storage and online access across multiple geographical locations and on-premises solutions are utilized for local computing requirements. These systematic records aid in tracking and monitoring patients, identifying patterns and improving the quality of healthcare being offered. They can also enhance communication and productivity between healthcare providers and patients, thereby improving health outcomes and patient safety.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Electronic Medical Records Market Trends:
Increasing digitization, along with the significant growth in the healthcare information technology (IT) industry across the globe, is one of the key factors creating a positive outlook for the market. Furthermore, the rising prevalence of chronic medical ailments and the growing geriatric population that is more prone to such problems, are driving the market. Consequently, there has been an increasing adoption of patient-centric EMR systems to facilitate the patient's direct involvement throughout the documentation process. Additionally, various technological advancements, such as the advent of cloud-based EMR solutions, are acting as another growth-inducing factor. These solutions provide quality care to the patients and enhanced protection from data disruption caused by any accidents or mishaps. Other factors, including improving healthcare infrastructure and the implementation of favorable population health management programs, are expected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global electronic medical records market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, component, functionality, deployment type, application and end user.
Breakup by Type:
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- 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:
- Hospitals and Clinics
- Specialty Centers
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being AdvancedMD (Global Payments Inc.), Allscripts Healthcare Solutions, Cerner Corporation, Computer Programs and Systems Inc., CureMD Healthcare, eClinicalWorks, Epic Systems Corporation, General Electric Company, Greenway Health LLC, McKesson Corporation, Modernizing Medicine Inc., Nextgen Healthcare Inc., etc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Type, Component, Functionality, Deployment Type, Application, End User, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | AdvancedMD (Global Payments Inc.), Allscripts Healthcare Solutions, Cerner Corporation, Computer Programs and Systems Inc., CureMD Healthcare, eClinicalWorks, Epic Systems Corporation, General Electric Company, Greenway Health LLC, McKesson Corporation, Modernizing Medicine Inc. and Nextgen Healthcare Inc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global electronic medical records market was valued at US$ 30.41 Billion in 2021.
We expect the global electronic medical records market to exhibit a CAGR of 4.93% during 2022-2027.
The expanding healthcare information technology industry, along with the rising applications of electronic medical record systems to enhance communication and productivity between healthcare providers and patients, are primarily driving the global electronic medical records market.
The sudden outbreak of the COVID-19 pandemic has led to the rising adoption of cloud-based solutions across the healthcare sector, such as EMR systems to remotely monitor and track the COVID-19-infected patients, as well as identify its pattern to predict the further risks.
Based on the type, the global electronic medical records market has been segmented into traditional EMRs, speech enabled EMRs, interoperable EMRs, and others. Currently, traditional EMRs hold the majority of the total market share.
Based on the component, the global electronic medical records market can be divided into hardware, software, and services. Among these, software currently exhibits a clear dominance in the market.
Based on the functionality, the global electronic medical records market has been categorized into basic systems and fully functional systems. Currently, basic systems account for the majority of the global market share.
Based on the deployment type, the global electronic medical records market can be segregated into cloud-based and on-premises, where on-premises deployment currently holds the largest market share.
Based on the application, the global electronic medical records market has been bifurcated into specialty based and general applications. Currently, specialty based exhibits a clear dominance in the market.
Based on the end user, the global electronic medical records market can be segmented into hospitals and clinics, specialty centers, and others. Among these, hospitals and clinics hold the majority of the total market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global electronic medical records market include AdvancedMD (Global Payments Inc.), Allscripts Healthcare Solutions, Cerner Corporation, Computer Programs and Systems Inc., CureMD Healthcare, eClinicalWorks, Epic Systems Corporation, General Electric Company, Greenway Health LLC, McKesson Corporation, Modernizing Medicine Inc., Nextgen Healthcare Inc., etc.
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