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Pediatric Electronic Medical Record (EMR) Software Market 2024 - Consumption Analysis, Business Overview And Upcoming Trends 2033
Pediatric Electronic Medical Record (EMR) Software Market
Pediatric Electronic Medical Record (EMR) Software Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $5.92 Bn In 2028 At A CAGR Of 11.5% :
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.
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Pediatric Electronic Medical Record (EMR) Software Market Major 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 Driver - 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.
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Prominent Trend - 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.
Pediatric Electronic Medical Record (EMR) Software Market Players
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.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the pediatric electronic medical record (EMR) software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pediatric electronic medical record (EMR) software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Pediatric Electronic Medical Record (EMR) Software Market Report Structure
3. Pediatric Electronic Medical Record (EMR) Software Market Trends And Strategies
4. Pediatric Electronic Medical Record (EMR) Software Market - Macro Economic Scenario
5. Pediatric Electronic Medical Record (EMR) Software Market Size And Growth
…..
27. Pediatric Electronic Medical Record (EMR) Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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