Electronic Medical Records Market Share, Size, Growth and Future Trends 2023-2028

The latest report published by IMARC Group, titled "Electronic Medical Records Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global electronic medical records market size reached US$ 32.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 42.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2023-2028.

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Electronic Medical Records Market Trends:

The rising shift towards patient-centric care is emphasizing the need for easily accessible and comprehensive medical records, which represents one of the key factors driving the growth of the market across the globe. In line with this, many governments are actively promoting the adoption of EMRs through regulations, incentives, and penalties for non-compliance, which is propelling the market growth. Progress in technology, including cloud computing, machine learning, and data analytics, enables more robust and user-friendly EMR systems which are contributing to the growth of the market. EMRs contribute to efficiency and cost reduction in healthcare administration, which is a crucial factor in their increased utilization, thus boosting the growth of the market.

The market is also driven by the rising demand for seamless integration and data exchange across various healthcare providers and systems which is fueling the development of more interoperable EMRs. With rising cyber threats, the need for secure electronic health data management is boosting the investments in secure EMR platforms which is fueling the growth of the market. In addition to this, the increasing prevalence of chronic illnesses and an aging population is necessitating better medical data management and coordination of care, which is driving the market. The expansion of telemedicine and remote patient monitoring relying on effective electronic records is also contributing to the market growth.

The increasing collaboration between hospitals, clinics, and healthcare professionals is driving the demand for integrated and easily accessible EMRs which is facilitating the growth of the market. Patients' growing expectations for convenient access to their medical history and treatment plans influence healthcare providers to adopt EMRs which is driving the growth of the market. Situations like pandemics highlight the need for real-time health data and coordinated responses, which is emphasizing the role of EMRs. Moreover, financial backing from private investors, healthcare institutions, and government bodies accelerates the development and deployment of EMRs which is creating a positive outlook for the market across the globe.

Electronic Medical Records Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the electronic medical records market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• AdvancedMD (Global Payments Inc.)
• Allscripts Healthcare Solutions
• Cerner Corporation
• Computer Programs and Systems Inc.
• CureMD Healthcare
• eClinicalWorks
• Epic Systems Corporation
• General Electric (GE) Company
• Greenway Health LLC
• McKesson Corporation
• Modernizing Medicine Inc.
• Nextgen Healthcare Inc.

Key Market Segmentation:

The report has segmented the global electronic medical records market based on type, component, functionality, deployment type, application, end user and region.

Breakup by Type:

• Traditional EMRs
• Speech Enabled EMRs
• Interoperable EMRs
• Others

Breakup by Component:

• Hardware
• Software
• Services

Breakup by Functionality:

• Basic Systems
• Fully Functional Systems

Breakup by Deployment Type:

• Cloud-based
• On-premises

Breakup by Application:

• Specialty Based:
o Cardiology
o Neurology
o Radiology
o Oncology
o Others

• General Applications

Breakup by End User:

• Hospital and Clinics
• Specialty Centers
• Others

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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