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Pediatric Electronic Medical Record (EMR) Software Market Poised for 7.1 % Growth, Set to Hit $4.46 Billion by 2029
Pediatric Electronic Medical Record EMR Software Market
The escalation in the quantity of medical records is anticipated to drive the expansion of the pediatric electronic medical record (EMR) software market in the future. Medical records, which encompass medical history, clinical conclusions, diagnostic examination results, treatment before and after surgery, the patient's advancement, and medication, are essentially an organized account of a patient's health data. An increase in pediatric medical records can be attributed to several factors such as higher incidences of chronic illnesses in children, enhanced focus on child preventive healthcare, and amplified usage of healthcare services for children. EMR software aids in the systematization and exchange of medical records, thus speeding up diagnosis and treatment procedures for pediatric patients. For instance, as per a September 2022 report from the Bureau of Labor Statistics, a government agency in the US, it is estimated that the employment of medical records specialists will rise by 8% from 2022 to 2032, surpassing the growth rate of all other professions. Therefore, the surge in medical records is fueling the expansion of the pediatric EMR software market.
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What is the projected compound annual growth rate (CAGR) of the pediatric electronic medical record (emr) software market from 2025 to 2034, and what factors influence it?
In recent times, the market size for pediatric electronic medical record (EMR) software has experienced robust growth. The market is projected to swell from $35.69 billion in 2024 to $38.28 billion in 2025, yielding a compound annual growth rate (CAGR) of 7.2%. The driving factors behind this growth during the historic period are the escalating number of medical records, a surge in regulatory requirements for pediatric healthcare facilities, and a rising demand for interoperable pediatric EMR solutions.
It is anticipated that the market size for pediatric electronic medical record (EMR) software will see significant expansion in the upcoming years. It is projected to reach $50.31 billion by the year 2029, with a compound annual growth rate (CAGR) of 7.1%. Factors contributing to this growth during the projected timeframe include digitalization, an escalating demand for pediatric emr software in healthcare institutions, the growing usage of EMR software, and increasing prevalence of pediatric subspecialties. Key trends that are expected to shape the market include advancements in technology, customizations specific to pediatric specialties, telemedicine proficiency for pediatric consultations, management of pediatric discomfort, and technologies that enhance care coordination.
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How are the latest trends influencing the growth of the pediatric electronic medical record (emr) software market?
Major businesses in the pediatric EMR software industry are intensifying their competitiveness by incorporating advanced AI-based solutions into pediatric electronic medical records (EMR). AI-based applications in pediatric EMR systems are enhancing clinical decision-making, personalized care, efficiency, and outcomes for both pediatric patients and their families. For instance, Pieces Technologies, an American healthcare artificial intelligence and technology firm, introduced Children's Health, a generative clinical AI in December 2023, at the North Texas Pediatric Health System. This system integrates seamlessly with the pediatric health organization's Epic electronic medical record (EMR), which is consistently utilized by doctors, nurses, and case managers for clinical exchanges, managing patient stays, resolving discharge barriers, facilitating team communication, and conducting interdisciplinary rounds. Through a blend of contextual modelling, cooperative and adversarial AI, human supervision, and automated clinical rapid engineering, Pieces have accomplished an exceedingly low rate of major errors.
What are the major segments of the pediatric electronic medical record (emr) software market and their role in driving growth?
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
Subsegments:
1) By Cloud-Based: Public Cloud, Private Cloud, Hybrid Cloud
2) By On-Premises: Standalone Systems, Integrated Systems
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Which regions are key players in the growth of the pediatric electronic medical record (emr) software market?
North America was the largest region in the pediatric electronic medical record (EMR) software market in 2024. 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.
Who are the key firms paving the way for growth in the pediatric electronic medical record (emr) software market?
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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What Is Covered In The Pediatric Electronic Medical Record (EMR) Software Global Market Report?
•Market Size Forecast: Examine the pediatric electronic medical record (emr) software market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the pediatric electronic medical record (emr) software market for a structured understanding.
•Key Players Overview: Analyze major players in the pediatric electronic medical record (emr) software market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the pediatric electronic medical record (emr) software market.
•Segment Contributions: Evaluate how different segments drive overall growth in the pediatric electronic medical record (emr) software market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the pediatric electronic medical record (emr) software market.
•Industry Challenges: Identify potential risks and obstacles affecting the pediatric electronic medical record (emr) software market.
•Competitive Landscape: Review strategic developments in the pediatric electronic medical record (emr) software market, including expansions, agreements, and new product launches.
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