Pediatric Electronic Medical Record (EMR) Software Market: A Comprehensive Analysis - Global Study 2024

The pediatric EMR software market size has grown rapidly in recent years. It will grow from $3.43 billion in 2023 to $3.83 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to growing number of medical records, driving the demand for pediatric EMR software, increasing number of medical records, increasing regulatory requirements for pediatric healthcare facilities, increasing demand for interoperable pediatric EMR solutions.

The pediatric EMR software market size is expected to see rapid growth in the next few years. It will grow to $5.92 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%. The growth in the forecast period can be attributed to rise in digitalization, growing demand for pediatric emr software in healthcare facilities, adoption of EMR software, growing prevalence of pediatric subspecialties. Major trends in the forecast period include technological advancements, customization for pediatric specialty, telemedicine capabilities for pediatric consultations, pediatric pain management, technology for improved care coordination.

Market Overview -
Pediatric electronic medical record (EMR) software is a specialized digital system designed to manage and store medical records specifically for pediatric patients. It includes features such as growth charts, immunization tracking, and age-specific templates for documenting health information. This software helps healthcare providers streamline pediatric care, improve accuracy in diagnoses, and ensure continuity of care for children.

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Growing Number Of Medical Records Propels Pediatric EMR Software Market
The growing number of medical records is expected to propel the growth of the pediatric electronic medical record (EMR) software market going forward. Medical records refer to the systematic documentation of a patient's medical information, including medical history, clinical findings, diagnostic test results, pre- and postoperative care, the patient's progress, and medication. Pediatric medical records are on the rise due to several factors, including the prevalence of chronic health conditions in children, increasing emphasis on child preventive care, and increased utilization of healthcare services for children. EMR software facilitates the organization and sharing of medical records, enabling faster diagnosis and treatment decisions for pediatric patients. For instance, in September 2022, according to the Bureau of Labor Statistics, a US-based government agency, employment of medical records specialists is projected to grow 8% from 2022 to 2032, faster than the average for all occupations. Therefore, the growing number of medical records is driving the growth of the pediatric EMR software market.

Competitive Landscape -
Major companies operating in the pediatric electronic medical record (EMR) software market are Meta Platforms Inc., Oracle Corporation, SAP SE, Cognizant Technology Solutions Corporation, Koninklijke Philips N.V., Optum Inc., Goodwill Industries International, Epic Systems Corporation, Change Healthcare Inc., Infor Inc., eClinicalWorks, Athenahealth Inc., Allscripts Healthcare Solutions Inc., NextGen Healthcare Inc., Meditech, Computer Programs and Systems Inc., GroupOne Health Source Inc., Greenway Health LLC, Bizmatics Inc., Kareo Inc., AdvancedMD Inc., Connexin Software Inc., Elinext Group, Duchang Information Technology, Kaaspro Enterprises, MedicalMine Inc., JAG Products LLC, AllegianceMD Software Inc.

Advancements In Pediatric EMR Software With AI Integration
Major companies operating in the pediatric EMR software market are focused on integrating advanced AI-based solutions into the pediatric electronic medical record (EMR) to gain a competitive edge in the market. AI-based solutions in pediatric EMR systems help to improve clinical decision-making, individualized care delivery, efficiency, and results for pediatric patients and families. For instance, in December 2023, Pieces Technologies, a US-based healthcare artificial intelligence and technology company, launched Children's Health, a clinical generative AI (artificial intelligence) at the North Texas Pediatric Health System. The technology is easily integrated with the pediatric health system's Epic electronic medical record (EMR), which doctors, nurses, and case managers utilize on a regular basis for clinical handoffs, length of stay management, discharge barrier resolution, team communication, and multidisciplinary rounds. Pieces achieves an extraordinarily low rate of major error by combining contextual modeling, collaborative and adversarial AI, human-in-the-loop supervision, and automated clinical rapid engineering.

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Key Segments -
The pediatric electronic medical record (EMR) software market covered in this report is segmented -
1) By Type: Cloud Based, On Premises
2) By Components: Software Services, Consulting, Hardware
3) By Functionality: Clinical Documentation, Patient Management, Reporting And Analytics
4) By Application: Large Enterprise, Small And Medium-sized Enterprises (SMEs)
5) By End User: Hospitals, Diagnostic Centers, Other End Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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