Press release
Gastroenterology Electronic Medical Records (EMR) Software Market Set to Reach $5.06 Billion by 2029 with 12% Yearly Growth
Gastroenterology Electronic Medical Records EMR Software
The rise in the occurrence of chronic gastrointestinal diseases is predicted to stimulate progression in the gastroenterology electronic medical records (EMR) software market. Chronic gastrointestinal diseases are enduring or recurring ailments impacting the digestive system, including the stomach, intestines, esophagus, liver, pancreas, and other associated organs. Factors such as food habits, lifestyle changes, aging populations, environmental aspects, and genetic factors are contributing to the increase of chronic gastrointestinal diseases. The gastroenterology EMR software betters the management and monitoring of these diseases, for instance, inflammatory bowel disease (IBD), by organizing patient information, escalating treatment precision and fostering continuous care. In reference to the IBD Clinical and Research Centre located in Canada, in September 2023, it reveals that over 320,000 Canadians are affected by IBD, with a prevalence rate of 825 per 100,000 individuals in 2023. Given the estimated annual growth rate of 2.44%, by 2035, 1.1% of Canadians, roughly 470,000 individuals, are anticipated to be living with IBD. Consequently, the escalating prevalence of chronic gastrointestinal diseases is contributing to the expansion of the gastroenterology electronic medical records (EMR) software market.
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What is the projected compound annual growth rate (CAGR) of the gastroenterology electronic medical records (emr) software market from 2025 to 2034, and what factors influence it?
The value of the gastroenterology electronic medical records (EMR) software market has seen a fast-paced increase in the past few years. The market size is projected to expand from $2.87 billion in 2024 to $3.22 billion in 2025, with a compound annual growth rate (CAGR) of 12.2%. The upward trend during the historic timeframe is credited to the amplified utilization of EMR information in clinical studies, escalating population, growing number of patients, rising awareness, and regulatory mandates.
In the coming years, the market size for gastroenterology electronic medical record (EMR) software is set to experience rapid expansion. By the year 2029, it is forecasted to reach a value of $5.06 billion, with a compound annual growth rate (CAGR) of 12.0%. Various factors contributing to this estimated growth during the forecast period include an increased emphasis on patient safety, the demand for high-end health care solutions and services, the advent of genomic medicine, and a surge in the implementation of personalized medicine. The forecast period is also predicted to witness certain key trends such as the use of research and data, clinical integration, telehealth and remote monitoring, chronic disease management, and the enhancements in resource allocation and management.
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How are the latest trends influencing the growth of the gastroenterology electronic medical records (emr) software market?
Leading firms in the gastroenterology electronic medical records (EMR) software market are embracing sophisticated technology such as artificial intelligence to improve diagnostic precision, automate workflow, and offer individualized patient care. AI tools are systems or software applications that employ advanced tech to carry out tasks that typically require human cognition. For example, in January 2024, GI Alliance, a US-based gastroenterology management firm, entered into a partnership with Ambience Healthcare, an American healthcare technology company. This collaboration focused on building a thorough arsenal of AI documentation tools specifically tailored for gastroenterology. Their target was to incorporate top-tier EMR solutions that enhance operational efficiency, improve patient outcomes, and better manage data within gastroenterology centers.
What are the major segments of the gastroenterology electronic medical records (emr) software market and their role in driving growth?
The gastroenterology electronic medical records (EMR) software market covered in this report is segmented -
1) By Type: Cloud-Based, On-Premise
2) By Application: Hospitals, Clinics, Research Institutes
3) By End-User: Physicians, Patients
Subsegments:
1) By Cloud-Based: SaaS (Software as a Service) Solutions, Multi-Tenant Cloud Solutions, Private Cloud Solutions, Hybrid Cloud Solutions, Mobile Access Cloud Solutions
2) By On-Premise: Standard On-Premise EMR Software, Customizable On-Premise Solutions, Integrated On-Premise EMR Systems, Standalone On-Premise EMR Software, High-Security On-Premise Solutions
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Which regions are key players in the growth of the gastroenterology electronic medical records (emr) software market?
North America was the largest region in the gastroenterology electronic medical records (EMR) software market in 2024. The regions covered in the gastroenterology electronic medical records (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 gastroenterology electronic medical records (emr) software market?
Major companies operating in the gastroenterology electronic medical records (EMR) software market are McKesson Corporation, Cerner Corporation, Epic Systems Corporation, Athenahealth Inc., Allscripts Healthcare Solutions Inc., eClinicalWorks LLC, CompuGroup Medical SE & Co. KGaA, Medical Information Technology Inc., CareCloud Inc., Greenway Health LLC, Modernizing Medicine Inc., PracticeSuite Inc., DrChrono Inc., Compulink Healthcare Solutions, AdvancedMD Inc., CureMD.com Inc., ChartLogic Inc., AllegianceMD Software Inc., InSync Healthcare Solutions LLC, Bizmatics Inc., Nuesoft Technologies Inc.
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What Is Covered In The Gastroenterology Electronic Medical Records (EMR) Software Global Market Report?
•Market Size Forecast: Examine the gastroenterology electronic medical records (emr) software market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the gastroenterology electronic medical records (emr) software market for a structured understanding.
•Key Players Overview: Analyze major players in the gastroenterology electronic medical records (emr) software market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the gastroenterology electronic medical records (emr) software market.
•Segment Contributions: Evaluate how different segments drive overall growth in the gastroenterology electronic medical records (emr) software market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the gastroenterology electronic medical records (emr) software market.
•Industry Challenges: Identify potential risks and obstacles affecting the gastroenterology electronic medical records (emr) software market.
•Competitive Landscape: Review strategic developments in the gastroenterology electronic medical records (emr) software market, including expansions, agreements, and new product launches.
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