Dermatology EMR Software Market Demand To Escalate Till 2026 Estimated By Global Top Players Encite, Inc., MetaOptima Australia Pty Ltd, CureMD Healthcare, CloudPital, CollaborateMD Inc., eClinicalWorks
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Dermatology EMR Software Market: Drivers
Increasing awareness for use of EMRs in healthcare sector is expected to propel growth of the dermatology EMR software market. For instance, in November 2017, the Dubai Health Authority (DHA) completed the third and final phase of the unified electronic medical record (EMR) system Salama, in Latifa Hospital, Hatta Hospital, Thalassemia Centre, Dubai Gynecology and Fertility Centre, and all DHA Medical Fitness Centers across the United Arab Emirates (UAE). Salama stores vital patient information such as the medical history of the patient, past surgery details, lab test results, and X-ray reports, which can be easily accessed by any DHA doctor from all DHA facilities across the UAE region.
Moreover, in September 2018, MedX Health Corp., a Canadian company, launched DermSecure, its telemedicine platform, in six Ontario clinics. DermSecure telemedicine platform offers benefits to patients and primary care physicians by working with dermatologists for enhancing their skills in terms of disease diagnosis and treatment.
Furthermore, Apple Inc., in April 2018, launched Apple Health Records feature that combines data of patients’ current heath and data from their past EHR in the health app by using HL7’s Fast Healthcare Interoperability Resource (FHIR) specification. This allow users to know about their drug allergies, medications, and precautions during treatment. It also allow patients to check an EHR patient portal for information such as their laboratory test results. The users need to enter a password to view the information, as the data is encrypted.
Furthermore, advancements in the EMR software is expected to boost growth of the dermatology EMR software market. For instance, in July 2018, Yale School of Medicine in the U.S. developed voice recognition software for EMR, which will reduce time of physicians during patient consulting. Physicians can login once at the start of their shift, which will save physicians time by eliminating 20 to 140 logins per physician per day. This has improved the user experience with EMRs.
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Dermatology EMR Software Market: Regional Analysis
On the basis of region, the global dermatology EMR software market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
North America is expected to account for largest market share in the dermatology EMR software market, owing to adoption of EMR software with advanced features in the region. For instance, in July 2018, Modernizing Medicine, Inc., a U.S.-based company, at the American Academy of Dermatology (AAD) 2018 Summer Meeting, declared introduction of EMR software with new features such as, Electronic Medical Assistant, (EMA); a mobile EHR system with touch-and-swipe technology and also features the dermatology electronic health record (EHR) system, including electronic prior authorization (ePA), Real-time Prescription Benefit, and Inventory Management.
Furthermore, in March 2018, Spectralink Corporation, a U.S.-based company, released a new line of smart phones designed specifically for use in healthcare. The Spectralink Versity phones are resistant to water and chemicals. The devices run on the latest Oreo Android operating system and has built-in software to seamlessly integrate them with in-hospital EMRs.
Moreover, mergers and acquisitions in the U.S. is also expected to drive growth of the market. For instance, in June 2017, athenahealth, a cloud-based EHR company, acquired Praxify Technologies in a US$ 63 million deal. Praxify Technologies originates with a number of applications, including a personal assistant program integrated with EHRs and artificial intelligence aimed at patient engagement. This acquisition is expected to improve athenahealth’s performance in providing their services.
Dermatology EMR Software Market: Competitive Analysis
Strategies adopted by key players such as acquisitions in Asia Pacific region is expected to boost growth of the dermatology EMR software market in this region. For instance, in August 2018, Persistent Systems, an India-based company, acquired Herald Health. Herald Health is a software platform that allows various hospital stakeholders to be automatically notified when data in the EHR and other data systems changes.
Key players operating in the dermatology EMR software market include Encite, Inc., MetaOptima Australia Pty Ltd, CureMD Healthcare, CloudPital, CollaborateMD Inc., eClinicalWorks, CompuGroup Medical, mdconnection, and Practice Fusion, Inc.
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