EHR-EMR (Electronic Health Records and Electronic Medical Record) Market To Attain Healthy Growth at USD 42,427.27 Million in Terms of Revenue till 2023 | by Cerner Corporation, Athenahealth Inc., eClinicalWorks, GE Healthcare, Allscripts Healthcare Solut

The latest report furnished by Market Research Future (MRFR) states that the electronic health record – electronic medical record (EHR-EMR) market is at the brink of attaining the the valuation of USD 42,427.27 million by 2027. Moreover, it will be registering a healthy CAGR of 5.82% during the forecast period (2018-2027).

Market Drivers and Key Restraints

Electronic health record (EHR)/electronic medical record (EMR) is defined as an electronic record of patient medical history that contains all relevant administrative, clinical and other miscellaneous data of a patient under a healthcare provider. Market Research Future (MRFR) has published a research report about the global and US EHR-EMR market that observes prosperity for this market at 5.82% CAGR during the forecast period between 2018 and 2027. By value, the market has been figured to be worth USD 42,427.27 MN by the end of the forecast period.

The critical factor for the global and US EHR-EMR market growth is increasing adoption of EHRs/EMRs for increased efficiency of patient data retrieval and storage. Other important factors enabling the market growth include rising government initiatives for the maintenance of EHRs, fewer medical errors during diagnosis or treatment process, and clinical benefits associated with applications of EHR/EMRs in medical settings. However, the market growth can get hampered due to data security concerns, need for training, and the implementation process that is complex as well as expensive.

Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/819

Key Players for Global EHR-EMR Market

Age-old tactics such as mergers, acquisitions, collaborations, and others are proving effective. New product launch and innovative tactical moves are also having great impact on the regional market expansion. For instance, Netsmart, in 2018, bought Change Healthcare’s home health IT solutions and cloud-based software company HomeCare Accounting Solutions (HAS). Allscripts also acquired McKesson’s hospital and health system IT business, Enterprise Information Solutions, which can take the market forward.

• Cerner Corporation (US),
• Athenahealth Inc. (US),
• eClinicalWorks (US),
• Advanced Data Systems Corporation (US),
• AdvancedMD (US),
• GE Healthcare (US),
• Allscripts Healthcare Solutions (US), and others.

Industry Updates:

May 2019

Cerner (U.S.) is in the process of launching a connection backed by EHR which will be provided to every state’s prescription drug monitoring program (PDMP). This will lead to a quicker and highly efficient access, which will take place under the partnership with medication management company DrFirst. This partnership will entail a connection between the EHR and the PDMPs in 46 states in the United States (U.S.).

NextGen Healthcare has launched its Behavioral Health Suite, a comprehensive, EHR solution. Behavioral Health Suit gives healthcare providers access to a single, integrated physical, and behavioral health record to treat patients. 6 JUNE 2019

Cerner set to provide additional interface support to the Department of Veterans Affairs' Office of Electronic Health Record Modernization under a four-year, $139.9 MN task order. 5 JUNE 2019

Segments for Global EHR-EMR Market

The global and US EHR-EMR market segmentation has segmented the market into application, component, end-user, mode of delivery, and region. The application-based segmentation segments this market into cardiology, neurology, oncology, radiology, specialty based, and others. In the context of component, the market has been segmented into hardware, software, and services & consulting.

Regarding end-user, the market has been segmented into ambulatory care, diagnostic centers, hospitals, and others. Based on the mode of delivery, the market has been segmented into the cloud-based model and the on-premise model.

Regional Analysis for Global EHR-EMR Market

The regional segmentation of the global and US EHR-EMR market segments the market into the regional markets, namely Asia Pacific, Europe, The Americas (North America & South America), and Rest-of-the-World (RoW). The Americas region holds the majority share in the global market. North America is a bigger market than South America due to the availability of advanced medical facilities and huge investment in medical research. The USA has a strong presence of many market leaders as well as a thriving healthcare sector. Due to technological advancement, the healthcare sector is adopting the advanced information technology (IT) technology. Increasing demand for advanced healthcare is also contributing to the market growth. Canada and Mexico also have the scope of becoming important country-specific markets. In South America, the same can be said for Argentina and Brazil.

During the forecast period, the Asia Pacific region can emerge as the most significant regional market, growing at 6.77% CAGR. Japan is the largest country-specific market in this region. Developing countries in the Asia Pacific region are untapped markets that can be lucrative due to the high density of population in China and India. Therefore, the market in this region is growing slowly but steadily due to the rapid digitization of healthcare and growing healthcare reforms. Other factors contributing to the market growth include rising geriatric population, subsequent presence of a significant as well as growing patient pool, and increasing awareness regarding EHR as well as EMR. Other important country-specific markets in the Asia Pacific region are Australia and South Korea, followed by the remaining countries of this region.

Europe can rise as an important regional market due to the same reasons as in North America. Due to technological advancement, Western Europe is a bigger and more lucrative market compared to Eastern Europe. The strongest economies in this region that can suitable markets are France, Germany, and the UK.

In the MEA region, the market is small due to the lack of skilled professionals and limited availability of technology. However, the countries of the Middle East have better healthcare facilities compared to Africa.

Some Brief Table of Contents of Report

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restrains

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

5.1 Porters Five Forces Analysis

5.1.1 Bargaining Power Of Suppliers

TOC Continued…

Browse Complete Report @ https://www.marketresearchfuture.com/reports/ehr-emr-market-819

Contact Us:

Market Research Future

Hadapsar, Pune – 411028

Maharashtra, India

Phone: +1 646 845 9312

Email: sales@marketresearchfuture.com

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Statistical Report, Continuous-Feed Research (CFR), and Market Research & Consulting Services.

This release was published on openPR.