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Global Electronic Medical Records Market: Exponential Growth Propelled by Advanced Technology and Increased Demand
Global Electronic Medical Records Market
What Is The Projected Market Size Of The Global Electronic Medical Records Market And Its Growth Rate?
The Electronic Medical Records market has been witnessing robust growth lately.
• The market will see a growth from $38.34 billion in 2024 to $40.32 billion in 2025 at a compound annual growth rate (CAGR) of 5.2%.
• Factors such as growth in healthcare IT, increased government initiatives, demand for digital integration in healthcare, and the COVID-19 pandemic contributes to this growth.
• The market is expected to reach $56.96 billion in 2029, growing at a CAGR of 9%.
• Key trends shaping the future growth include the incorporation of AI, natural language processing, voice assistance technology, adoption of cloud-based EHRs, increased strategic partnerships, and funding.
What Is Driving The Growth In The Electronic Medical Records Market?
"Growth in healthcare information technology" is a key factor driving the electronic medical records market. EMRs are revolutionizing the healthcare sector, providing healthcare services electronically by authorized personnel within one healthcare organization. With a global acceptance rate of 52.8%, as per a survey by BMC Health Services Research, an open-access healthcare journal, the use of EMRs is on an uptrend. This growth in healthcare IT is projected to boost the electronic medical records market.
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Who Are the Key Players Driving Electronic Medical Records Market Growth?
Major companies operating in the electronic medical records market include:
•Cerner Corporation
•Allscripts Healthcare Solutions Inc
•General Electric Company
•Athenahealth
•NextGen Healthcare Inc
•Epic Systems Corp
•eClinicalWorks
•CPSI
•Intersystems Corporation
•AdvancedMD Inc
What Are The Key Trends In The Electronic Medical Records Market?
Key trends in the forecast period include:
•Growing adoption of AI
•Increased use of natural language processing and voice assistance technology
•Increasing implementation of cloud-based EHRs
•Strategic partnerships
•Increased investments, and
•Increased mergers and acquisitions
What Are The Segments Of The Global Electronic Medical Records Market?
•By Type: Acute, Ambulatory, Post-Acute
•By Product: Client-Server-Based EHR, Web-Based EHR
•By Mode of Delivery: Cloud-Based Model, On-Premise Model
•By Business Models: Licensed Software, Technology Resale, Subscriptions, Professional Services, Managed Services, Other Business Models
•By Application: E-Prescription, Practice Management, Referral Management, Patient Management, Population Health Management, Other Applications
Which Region Leads The Electronic Medical Records Market?
North America was the largest region in the electronic medical records market in 2024. The Asia-Pacific is expected to be the fastest-growing region in the forecast period. Other regions covered in the report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Electronic Medical Records Market Global Market Report?
- Market Size Analysis: Analyze the Electronic Medical Records Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Electronic Medical Records Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Electronic Medical Records Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Electronic Medical Records Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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