Electronic Medical Records Market Share, Growth, Latest Insights 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 rise in telemedicine, especially post-pandemic, represents one of the key factors driving the growth of the market across the globe. Many governments promote the use of EMRs through incentives, policies, and regulations to ensure standardized healthcare practices and patient information privacy which contributes to the growth of the market. EMRs streamline administrative tasks, reduce paperwork, and minimize errors, leading to significant cost savings for healthcare providers. This financial benefit fuels the demand for EMRs. The constant innovation in healthcare technology, including cloud computing and data analytics, is enhancing the functionality of EMRs, which is making them more adaptable and efficient, thus boosting the growth of the market.

The ability of EMRs to integrate with various healthcare systems fosters coordination among different healthcare providers and specialists, promoting the seamless exchange of patient information. An increase in chronic diseases and an aging population necessitate more efficient health management systems. EMRs enable better tracking and management of chronic conditions, which is driving its demand, thus facilitating the growth of the market across the globe.

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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

This release was published on openPR.