Press release
Global Electronic Medical Records Market Insights 2025: Key Trends, Market Size, And Growth Forecast
Global Electronic Medical Records Market
The global electronic medical records market reached a value of nearly $38.33 billion in 2024, having grown at a compound annual growth rate (CAGR) of 6.83% since 2019. The market is expected to grow from $38.33 billion in 2024 to $52.27 billion in 2029 at a rate of 6.40%. The market is then expected to grow at a CAGR of 6.00% from 2029 and reach $69.96 billion in 2034.
What strategies are being adopted by key players in the electronic medical records market?
The key players in the market are adopting extensive strategies in the electronic medical records market such as:
• Expand business capabilities through strategic collaborations.
• Enhance operational capabilities through innovation.
• Improve operational efficiency for greater productivity.
• Broaden the product portfolio to drive business growth.
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To take advantage of opportunities, The Business Research Company suggests that electronic medical records companies enhance offerings:
• Introduce a new health records feature for seamless access to prescriptions and lab results.
• Enhance clinical efficiency with cloud-based EHR technology.
• Streamline clinical and financial data for improved healthcare management.
• Expand the Epic EMR system to enhance hospital coordination.
• Boost healthcare efficiency through e-prescriptions and online verification.
What Is Electronic Medical Records: Market Overview?
Electronic medical records (EMRs) are digital versions of paper-based patient records used by healthcare providers to store, manage and share patient health information. EMRs contain medical history, diagnoses, medications, treatment plans, immunization dates, allergies, radiology images and laboratory test results.
EMRs are used in various healthcare settings, including hospitals, outpatient care centers, specialty clinics and long-term care facilities. They are commonly used during patient consultations, diagnostic procedures, treatment planning and follow-up care. Complementary technologies include clinical decision support systems (CDSS), health information exchanges (HIEs) and patient portals, which enhance the functionality of EMRs. Substitute products or services include paper-based medical records and hybrid systems that combine digital and manual record-keeping.
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Who Are The Major Companies Operating In The Global Electronic Medical Records Market?
The top 10 competitors in the market made up 15.33% of the total market in 2023. Epic Systems Corporation was the largest competitor with a 2.82% share of the market, followed by:
• Oracle (Cerner Corporation)
• MEDITECH (Medical Information Technology Inc)
• CompuGroup Medical SE & Co. KGaA.
• NextGen Healthcare LLC
• eClinicalWorks Inc.
• InterSystems Corporation
• Philips (Tasy EMR)
• GE Healthcare
• Henry Schein Medical Systems Inc.
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