Hospital EMR Systems Market Size by Top Leading Key Players, Growth Opportunities, Incremental Revenue, Trends, Outlook and Forecasts to 2025

ReportsnReports provides in depth study of "Hospital EMR Systems" using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organisation. The Hospital EMR Systems report also provides an in-depth survey of key players in the market which is based on the various objectives of an organisation such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organisation.

The global Hospital EMR Systems is expected to witness a promising growth in the next few years. The rising level of competition among the leading players and the rising focus on the development of new products are likely to offer promising growth opportunities throughout the forecast period. The research study on the global Hospital EMR Systems offers a detailed overview, highlighting the key aspects that are expected to enhance the growth of the market in the near future. The key segmentation and the competitive landscape of the market have also been mentioned at length in the research study.

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"The hospital electronic medical record (EMR) market is projected to grow at a CAGR of 8.8%."

The global hospital electronic medical records market is valued at an estimated USD 12.0 billion in 2018and is projected to reach USD 18.3 billion by 2023, at a CAGR of 8.8% during the forecast period. The key factors driving the growth of this market include the government support for the adoption of EMRs and the rising need to curtail healthcare costs. However, the high cost of EMR solutions is one of the major factors that is expected to restrain the growth of this market during the forecast period.

"By component, the services segment to witness the highest growth during the forecast period (2018-2023)."

Based on component, the hospital electronic medical records (EMR) market is further segmented into services, software, and hardware. The services segment is expected to grow at the highest CAGR during the forecast period. This can be attributed to the recurring nature of services such as training and education, installation, consulting, and maintenance services. The healthcare IT industry relies heavily on service providers for consulting, storage, implementation, training, maintenance, and regular technology upgrades. The demand for services is expected to grow rapidly in the coming years due to the introduction of complex software and the integration and interoperability of software, which requires extensive training and upgrades.

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"Asia Pacific to witness the highest growth during the forecast period (2018-2023)."

Asia Pacific is expected to witness the highest growth during 2018 to 2023. The highest growth rate of the Asia Pacific market is attributed to various investments and reforms to modernize China's healthcare infrastructure, the digital healthcare scenario in India, the "OneSingaporean, one health record" initiative in Singapore, and the implementation of e-health initiatives in Australia.

Break of primary participants was as mentioned below:

By Company Type - Tier 1-39%, Tier 2-45% and Tier 3-16%
By Designation- C-level-24%, Director Level-18%, Others-58%
By Region - North America-42%, Europe-21%, Asia Pacific-26%, RoW-11%

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The key players in the global hospital EMR market are Cerner Corporation (US), Epic SystemsCorporation (US), athenahealth, Inc. (US), eClinicalWorks (US), Allscripts Healthcare Solutions, Inc. (US),Medical Information Technology, Inc. (US), MEDHOST (US), CPSI (US), and Intersystems Corporation (US).

Research Coverage:

The report analyzes the hospital EMR market and aims at estimating market size and future growth potential of this market based on various segments such as component, mode of delivery, type, and region. The report also includes competitive analysis of the key players in this market along with their company profiles, product and service offerings, recent developments, and key market strategies.

Reasons to Buy the Report

The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a greater share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies.

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