Electronic Medical Record Market Outlook 2021 Witnessing Enormous Growth with Recent Trends & Demand

Electronic Medical Record Market

Electronic medical record (EMR) systems are, as defined by the U.S. Department of Health and Human Services, an electronic record of health-related information that can be created, queried, managed, updated, and conferred by authorized medical personnel within the appropriate healthcare network. Several state and federal agencies, industry leaders, and medical practitioners believe that EMR has immense potential to provide substantial benefits to physicians, clinic practices, and health care organizations in providing better medical care and accurate diagnosis.EMR typically consists of general information regarding an individual that is collected by the medical practitioners.

The Major Players Covered in this Report:
Cerner Corporation (the U.S.)
Epic Systems Corporation (the U.S.)
Allscripts Healthcare Solutions, Inc. (the U.S.)
MEDITECH (the U.S.)
GE Healthcare (the U.S.)
NextGen Healthcare (the U.S.)
Intersystems Corporation (the U.S.)
Cantata Health (the U.S.)
Advanced-Data Systems Corporation (the U.S.)
CureMD (the U.S.) 

The electronic medical record market was valued at USD 27,100 million in 2019 and is expected to grow with a CAGR of 6.3%.

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By Component

Software
Services
Hardware

By Application

General Application
Specialty-Based

By Delivery Mode

Cloud-based
On-Premise

By End-User

Hospital and Clinics
Diagnostic Centers
Ambulatory Care
Research Laboratories

Growing Patient Numbers and Need for Quick and Accurate Medical Care

The growing number of patients has surged the need to provide accurate and safe medical care, further burgeoning the use of EMRs. The statistical on eHealth reported by the World Health Organization (WHO) suggests that there has been healthy growth in the adoption and usage of national electronic health record (EHR) systems over the last decade, which is up by 46% globally. The recent global healthcare crisis, the Coronavirus Pandemic, has put the EMRs through the extremes. With a huge surge in patient volume, the market leaders are pressurized in innovating and developing a more accurate and faster-paced EMR system that would provide a quick narrative about the patient's medical history and stimulate a faster treatment process.

Regional Analysis For Electronic Medical Record Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Electronic Medical Record are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

The study objectives of this report are:

To study and forecast the market size of the Electronic Medical Record in the global market.
To analyze the global key players, SWOT analysis, value, and global market share for top players.
To define, describe and forecast the market by type, end-use, and region.
To analyze and compare the market status and forecast among global major regions.
 Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
Identify the key trends and factors that are driving or holding back market growth.
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
Strategic analysis of each submarket in light of individual growth trends and market contributions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Complete analysis of the strategic strategy and growth of key players

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