Press release
Global Electronic Medical Records Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Electronic Medical Records
What Is the Electronic Medical Records Market Size and Projected Growth Rate?
The market for electronic medical records has seen robust growth in the past years. The market size is predicted to enhance from $38.34 billion in 2024 to $40.32 billion in 2025, with a compound annual growth rate (CAGR) of 5.2%. The historical growth is due to the expansion of healthcare information technology, amplified government initiatives, a rising demand for digital transformation in healthcare, and the emergence of the COVID-19 pandemic.
Anticipated to experience robust expansion in the coming years, the size of the electronic medical records market is predicted to reach $56.96 billion by 2029, with a compound annual growth rate (CAGR) of 9.0%. The projected surge during this period can be attributed to the expansion of healthcare IT, heightened government intervention, and escalating demands for digital transformation in healthcare. Key trends during the forecasted period include prioritizing the utilization of artificial intelligence, the implementation of natural language processing tech and voice assistance tech, the incorporation of cloud-based EHRs (electronic health records), a stress on strategic alliances, an emphasis on growing investments, and both mergers and acquisitions.
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What Are the Major Segments in the Electronic Medical Records Market?
The electronic medical records market covered in this report is segmented -
1) By Type: Acute, Ambulatory, Post-Acute
2) By Product: Client-Server-Based EHR, Web-Based EHR
3) By Mode of Delivery: Cloud-Based Model, On-Premise Model
4) By Business Models: Licensed Software, Technology Resale, Subscriptions, Professional Services, Managed Services, Other Business Models
5) By Application: E-Prescription, Practice Management, Referral Management, Patient Management, Population Health Management, Other Applications
Subsegments:
1) By Acute: Hospital EMR Systems, Emergency Care EMR
2) By Ambulatory: Outpatient EMR Systems, Specialty Practice EMR
3) By Post-Acute: Long-Term Care EMR, Rehabilitation Facility EMR
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What Are The Driving Electronic Medical Records Market Evolution?
The expansion of information technology in the healthcare sector is playing a significant role in fueling the growth of the electronic medical records market within that industry. Electronic medical records, which are key applications that can be established, handled, and utilized by certified personnel within a single healthcare entity, aid in delivering fast healthcare services electronically. It is essential to further develop and simplify applications for the rapidly increasing adoption of electronic medical records. This progress can be made possible through the sophisticated IT sector in the healthcare industry. Referencing a study revealed by the BMC Health Services Research, an unrestricted access healthcare journal, the adoption rate of electronic health records stands at 52.8%. This suggests a strong willingness among healthcare experts to embrace electronic medical records. Consequently, the progress in healthcare information technology is anticipated to stimulate the growth of electronic medical records in the healthcare market.
Which Firms Dominate The Electronic Medical Records Market Segments?
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, Innovaccer, Pharm Easy, 1mg, Practo, Mfine, GE Healthcare, Honeywell Lifesciences, Philips Healthcare, Systems Healthcare Solutions, McKesson Corporation, Medical Information Technology Inc, Health Information Management Systems, CureMD Healthcare, Greenway HealthLLC, WELL Health Technologies Corp, Indivica Inc, OSCARwest, MV Sistemas, Philips-Tasy, Siemens
What Trends Are Expected to Dominate the Electronic Medical Records Market in the Next 5 Years?
Prominent entities within the electronic medical records (EMR) market are prioritizing enhancements in interoperability and data analytics, particularly in the arena of Patient Risk Identification with the aim to improve patient care, optimize clinical operations, and assist healthcare providers in delivering more streamlined and collaborative services. The concept of Patient Risk Identification involves identifying those more susceptible to negative health outcomes, based on a combination of clinical, demographic, and behavioural data. For instance, KAID Health, a company specializing in software based in the U.S., unveiled its Patient Risk Identification & Data Extraction (PRIDE) software in February 2024 and established a fresh Coding Services Group. This innovative technology and medical coding service team aids providers in achieving more precise and comprehensive coding while enhancing patient care, by analyzing each fresh medical note, assimilating its information with previous EMR data, and recommending insightful, patient-specific clinical and coding interventions.
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Which Is The Largest Region In 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. The regions covered in the electronic medical records market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Electronic Medical Records Market?
2. What is the CAGR expected in the Electronic Medical Records Market?
3. What Are the Key Innovations Transforming the Electronic Medical Records Industry?
4. Which Region Is Leading the Electronic Medical Records Market?
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