EHR-EMR Market Key Trend and Forecast to 2023; Cerner Co, Allscripts, General Electric Co, eClinicalWorks and more

An electronic health record (EHR), or electronic medical record (EMR), is the systematized collection of patient and population electronically-stored health information in a digital format.

The Global EHR-EMR market is expected to reach USD 120 billion in 2023 from its previous worth of USD 70 billion in 2016 by growing at the CAGR of approximately 10.9% during the forecast period 2017-2023.

EMR/EHR market anticipated that would enlist a sound development because of: expanding requirement for simple and advantageous social insurance administrations, substitution of paper records by electronic records, lessen odds of blunder, an expansion in the quantity of patients getting conceded in clinics, expanding volume of therapeutic records, simple medicinal services conveyance and keeping up nature of wellbeing records.

Such advancements in social insurance IT additionally supports the development of the EMR/EHR Market. Then again, high cost of programming arrangements may act a control to this present market's development. The appropriation of distributed computing in medicinal services is probably going to increment because of the rising need to diminish social insurance expenses and cost-proficiency of cloud innovation. Being said that expanding number of social insurance association and rising medicinal services consumption fuel the development of the market.

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EHR-EMR Market – Competitive Analysis

As the market seems to be attractive, growing and profitable, at the same time market has witnessed intense rivalry among existing competitors. Many new entrants expected to enter into EHR-EMR Market. There are many big players in the EHR-EMR Market such as: Epic Systems Corporation (U.S), Cerner Corporation (U.S), Meditech, Allscripts (U.S), QSI Management, LLC (U.S), General Electric Company (U.S), eClinicalWorks (U.S), McKesson Corporation (U.S) and Greenway Health, LLC (U.S)

2016 was a big year for Epic, Cerner, & Athenahealth, on the other hand players such as Meditech & McKesson had a harder time maintaining their footing among small hospitals

Aggressive marketing by Epic, helps Epic continued to hold the lion’s share of the market in 2016:- Epic sustained its 6-year streak this year as the leading supplier among acute care hospitals. Helping Epic’s reputation among small hospitals is their spotless record of zero reported voluntary customer instalments. No Epic customers voluntarily signed with a competing EMR company in 2016.

Cerner earns highest number of critical access hospitals: - Cerner trailed close behind Epic in the market. Despite holding the second position overall, Cerner provided EHR technology for the highest number of critical access hospitals in 2016. Cerner community works is a large draw for small hospitals due to its breadth of functionality and integration, though provider satisfaction is middle of the road. Findings revelled that some of Cerner’s spike in new small hospital clients to its acquisition of Siemens. For many Siemens customers, Cerner’s acquisition acted as a catalyst, accelerating their time frame for making a new EMR decision.

Brief TOC

1 Report Prologue
2 Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

2.3 Market Structure

2.4. Market Segmentation

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3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Dynamics

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