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Hospital EMR Systems Market Size, Growth, Drivers 2024-2033
Hospital EMR Systems Market Size
Hospital EMR Systems 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 $15.59 billion In 2028 At A CAGR Of 14.5% :
The hospital emr systems market size has grown rapidly in recent years. It will grow from $17.31 billion in 2023 to $19.08 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to digital transformation in healthcare, government initiatives and regulations, need for data accuracy and accessibility, focus on patient-centric care, improvement in healthcare quality, paperless healthcare environments.
The hospital emr systems market size is expected to see strong growth in the next few years. It will grow to $25.62 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to population health management requirements, global health challenges, focus on precision medicine, cybersecurity measures, customization for specialized care, telehealth integration and support. Major trends in the forecast period include cloud-based emr adoption, interoperability and data exchange, integration with health information exchange (hie) networks, mobile access and patient engagement, population health management, cybersecurity measures, collaboration with health tech startups.
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Hospital EMR Systems Market Major Segments
The hospital emr systems market covered in this report is segmented -
1) By Component: Services, Software, Hardware
2) By Type: General EMR Solutions, Specialty EMR Solutions
3) By Delivery Mode: On-premise, Cloud-based
4) By Hospital Size: Small and Medium-sized Hospitals, Large Hospital4
Key Driver - Rapid Growth Of Emr Adoption Fuels Hospital Emr Systems Market
The increase in adoption of EMR solutions worldwide is expected to propel the growth of the hospital EMR systems market going forward. A computer-based database system called an electronic medical record (EMR) system is tailored to a single doctor or a particular medical institution. It is a digital patient file that includes personal data, medical information, and a list of illnesses. EMR is a system of keeping an electronic record of patient data. An electronic medical record (EMR) is a system for storing patient data which are actively being used in hospitals. For instance, in April 2022, according to the Healthcare IT News, a US-based online publication and news source that focuses on information technology and digital health topics within the healthcare industry, 342 institutions from critical access hospitals to large health systems to specialty hospitals were touched by an EMR purchase decision (including migrations) in 2021 which is an increase of 44%. Therefore, the growing adoption of EMR is driving the hospital EMR systems market forward .
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Prominent Trend - Innovative Advancements In Hospital Emr Systems
Product innovation is a key trend gaining popularity in the hospital EMR systems market. Major companies in the hospital EMR systems market are constantly introducing new technologies to strengthen their position in the market. For instance, in February 2022, MyHealthcare, an India-based healthcare technology company, launched the 'MyHealthcare Enterprise Application (MHEA)' for hospitals. The application is the world's first single-screen hospital platform working on AI technology for keeping electronic medical records for out-patients, in the patient and emergency room. The MHEA ecosystem is built on a powerful, highly configurable workflow engine that enables doctors and hospital teams to manage entire patient care and hospital operations (HIMS).
Hospital EMR Systems Market Players
Major companies operating in the hospital emr systems market report are Cerner Corporation, Epic Systems Corporation, Allscripts Healthcare Solutions Inc., Medical Information Technology Inc., Computer Programs and Systems Inc., GE Healthcare Technologies Inc., Athenahealth Inc., MEDHOST Inc., eClinicalWorks India Private Limited, NextGen Healthcare Information Systems LLC, Intersystems Corporation, Medical Transcription Billing Corporation, Cantata Health Solutions, Advanced Data Systems Corporation, CureMD.com Inc., McKesson Corp., Healthland Inc., Siemens Medical Solutions USA, Healthcare Management Systems, Altera Digital Health, Azalea Health Innovations Inc., Greenway Health LLC, Practice Fusion Inc., AdvancedMD Inc., A Harris Healthcare Company, Aprima Medical Software Inc., ChartLogic Inc., DrChrono Corp., eMDs Inc., Kareo Inc., Modernizing Medicine Inc., PrognoCIS Inc., Pulse Systems Inc., Sevocity EHR, SRS Healthcare and Research Centre Limited
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Largest And Fastest Growing Region In The Market
North America was the largest region in the hospital EMR systems market in 2023. The regions covered in the hospital emr systems 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. Hospital EMR Systems Market Report Structure
3. Hospital EMR Systems Market Trends And Strategies
4. Hospital EMR Systems Market - Macro Economic Scenario
5. Hospital EMR Systems Market Size And Growth
…..
27. Hospital EMR Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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