Electronic Medical Records (EMR) Market is set to witness Huge Demand at a USD Value of 47,640.2 Million during the Forecast Period 2029

'Global electronic medical records (EMR) market' was valued at USD 29,092.13 million in 2021 and is expected to reach USD 47,640.2 million by 2029, registering a CAGR of 7.30% during the forecast period of 2022-2029.

The winning Electronic Medical Records (EMR) Market survey report is a sure solution to get market insights with which one can visualize market place clearly and thereby take important decisions for growth of the business. By getting an inspiration from the marketing strategies of rivals, businesses can set up inventive ideas and striking sales targets which in turn make them achieve competitive advantage over its competitors. An influential Electronic Medical Records (EMR) Market report inspects the market with respect to general market conditions, market improvement, market scenarios, development, cost and profit of the specified market regions, position and comparative pricing between major players.

The surging need for integrated healthcare system across various hospitals and clinics have increased the requirement of electronic medical records. Moreover, the increasing volume of data and growing demand for cloud storage due to COVID-19 is further propelling the overall need for electronic medical records (EMR) to store important documents related to the patient's illness. The growth of the market has been rising significantly over the past few years, and is projected to skyrocket in coming years.

An electronic medical record is a digital representation of a patient's paper-based medical information. The goal of these electronic medical records is to improve the overall quality of care. Clinical, financial, demographic, and coded healthcare data are part of an electronic medical record.

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Electronic Medical Records (EMR) Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

Growing Investments and Advancements

The big data trends in the healthcare industry are also projected to cushion the market's growth. Moreover, many government initiatives to encourage physicians to adopt electronic health records, invest in training healthcare information technology workers, and establish regional extension centers to provide technical and other advices are estimated to generate lucrative opportunities for the market. The rising need for integrated healthcare system will further expand the electronic medical records (EMR) market's growth rate in the future.

Furthermore, the initiatives by the governments, technological advancements and low maintenance and wider accessibility are also expected to fuel market growth. The introduction of artificial intelligence (AI) in the development of EHRs software and advancements in software technology and the healthcare sector are also expected to accelerate the market's overall growth. Moreover, the technological advances in the field of data storage also cushion the market's growth within the forecasted period.

Opportunities

The cloud architecture ensures true disaster recovery and business continuity solutions, further boosting the quality of patient care which will provide considerable growth opportunities throughout the forecasted period. Moreover, the strategies such as the new product launch, collaboration, merger and acquisition by the market players in order to increase the market share will also offer lucrative opportunities for the market.

This electronic medical records (EMR) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the electronic medical records (EMR) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Electronic Medical Records (EMR) Market Scope

The electronic medical records (EMR) market is segmented on the basis of component, type, and category, mode of delivery, applications, end-user and functionality. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

Services

Software

Hardware

Type

Traditional EMRs

Speech Enabled EMRs

Interoperable EMRs

Category

General EMR

Specialty EMR

Mode of Delivery

On- Premises

Cloud- Based

Applications

Cardiology

Neurology

Radiology

Oncology

Other Applications

End-User

Hospital-Based EMR

Physician-Based EMR

Functionality

Basic Systems

Fully Functional Systems

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Electronic Medical Records (EMR) Market Regional Analysis/Insights

The electronic medical records (EMR) market is analyzed and market size insights and trends are provided by country, component, type, category, mode of delivery, applications, end-user and functionality as referenced above.

The countries covered in the electronic medical records (EMR) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the electronic medical records (EMR) market because of the favorable insurance policies, presence of well-established healthcare and leading market players within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the developing healthcare infrastructure and government initiatives to encourage physicians to adopt electronic health records within the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Electronic Medical Records (EMR) Market Share Analysis

The electronic medical records (EMR) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to electronic medical records (EMR) market.

Some of the major players operating in the electronic medical records (EMR) market are

Cerner Corporation (US),

Epic Systems Corporation (US),

Allscripts Healthcare, LLC, (US),

Medical Information Technology, Inc. (US),

CPSI (US),

General Electric Company (US),

athenahealth, (US),

MEDHOST (US),

eClinicalWorks (US),

NXGN Management, LLC. (US),

Intersystems Corporation (US),

CareCloud, Inc. (US),

Cantata Health Solutions (US),

Advanced Data Systems (US),

CureMD Healthcare (US)

Among others.

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LIST OF FIGURES

FIGURE 1 GLOBAL ELECTRONIC MEDICAL RECORDS (EMR) MARKET: SEGMENTATION

FIGURE 2 GLOBAL ELECTRONIC MEDICAL RECORDS (EMR) MARKET: DATA TRIANGULATION

FIGURE 3 GLOBAL ELECTRONIC MEDICAL RECORDS (EMR) MARKET: DROC ANALYSIS

FIGURE 4 GLOBAL ELECTRONIC MEDICAL RECORDS (EMR) MARKET: GLOBAL VS REGIONAL MARKET ANALYSIS

FIGURE 5 GLOBAL ELECTRONIC MEDICAL RECORDS (EMR) MARKET: COMPANY RESEARCH ANALYSIS

FIGURE 6 GLOBAL ELECTRONIC MEDICAL RECORDS (EMR) MARKET: INTERVIEW DEMOGRAPHICS

FIGURE 7 GLOBAL ELECTRONIC MEDICAL RECORDS (EMR) MARKET: DBMR MARKET POSITION GRID

FIGURE 8 GLOBAL ELECTRONIC MEDICAL RECORDS (EMR) MARKET: MARKET END USER COVERAGE GRID

FIGURE 9 GLOBAL ELECTRONIC MEDICAL RECORDS (EMR) MARKET: VENDOR SHARE ANALYSIS

FIGURE 10 GLOBAL ELECTRONIC MEDICAL RECORDS (EMR) MARKET: SEGMENTATION

FREQUENTLY ASKED QUESTIONS

What is the Forecast Market Value for Electronic Medical Records (EMR) Market?

What is the Growth Rate of the Electronic Medical Records (EMR) Market?

Which are the Major Market Drivers for Electronic Medical Records (EMR) Market?

What are the Major Companies Operating in the Electronic Medical Records (EMR) Market?

Which Countries Data is covered in the Electronic Medical Records (EMR) Market?

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