2016 EHR/EMR has been evaluated more than US $15 billion in the global market and the reasons behind it is the growth of the life science and healthcare industry. EHR (Electronic Health Records)/ EMR (Electronic Medical Record) shares a very thin line for differentiation. EHR where the information related to health issues of a person are being gathered, managed and created by the licensed clinics, consultants and individual staff of an organization but in the EMR the information is being gathered, managed and created aggregately by more than one organization. EHR-EMR market is totally dependent on the growth of the healthcare and life-science industry and as per the past trends, these industries are growing with double digit CAGR, resulting the more demand for the EHR-EMR products. EHR-EMR market plays very vital role in the database management for any healthcare organization as the arrival rate of the individuals are increasing day by day and manually it becomes very difficult to monitor the activity and condition of an individual who has visited the organization long time back.
For the better understanding of the report, Global EHR-EMR Market has been segmented on the basis of installation type, end user and geography.
On the basis of installation type:
• Server bases
• Web based
• Software (As Services)
On the basis of end user:
• Clinic Centers
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EHR-EMR has various applications in the healthcare industry. EHR-EMR products sole purpose is to keep and manage the database of individuals. The various applications in the industry includes- identification and maintenance of personal record, managing the demographics of patients, managing the problem list, managing the medical prescription lists, managing the history of the patients, managing the clinical documents and notes, capturing and managing the external documents of the hospital/clinic, prescribing the care plans, protocols and guidelines, managing the prescribed plans, protocols and guidelines for the specific clients, generating the records patients specific instruction among others.
The main market driver for the EHR-EMR market is the benefits associated with the products. EHR-EMR products have been very revolutionary in the segment of managing the data of the patients. Earlier, the whole system was manually operated with the lots of effort of people, time and money and managing the records on the paper was quite hectic job for the hospitals. EHR-EMR replaced the manual process and due to the efficiency and effectiveness every organization working in the healthcare and life science are adapting these technologies. The other factor which is helping the market of EHR-EMR is the developments in this market. By connecting this system on the web, accessibility of the information becomes very easy for the institutions and can be accessed from anywhere around the globe.
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The key players in the market of EHR-EMR are:
• Praxis EMR
• Allscripts Healthcare Solutions, Inc.
• Cerner Corporation
• NextGen Healthcare
• Medical Information Technology, Inc.
• Epic Systems
• Athenahealth, Inc.
• GE Healthcare
Regional Analysis of EHR-EMR Market:
The America’s are the leading in the market of EHR-EMR with the market share of more than 45%. America’s including North America and Latin America who is having one of the best medical facilities around the globe has high rate arrival of patients. Countries like the US and Canada who falls under the umbrella of developed countries are well technologically advanced therefore having the largest market share in the EHR-EMR market. Countries like Germany, Italy among others, whose government in promoting the healthcare industry by introducing the various healthcare plans and new equipment’s in this industry. Asia Pacific together accounts for more than 41% of global population and also most of the countries falls under the Asia Pacific are in the developing phase. Developing countries have immense opportunities for the EHR-EMR market. Countries in this region like China, India who together holds more than 30% of the global population are said to be the biggest market for the EHR-EMR products by the end of the forecasted period.
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The reports also covers brief analysis of Geographical Region includes:
• North America (US, Canada)
• Latin America (Argentina, Brazil, Mexico, Rest of LATAM)
• Western Europe (Germany, France, Italy, Spain, U.K, Rest of Western Europe)
• Eastern Europe (Poland, Russia)
Asia – Pacific
• Asia (China, India, Japan, South Korea, Rest of Asia)
• Pacific Countries (Australia, New Zealand)
Middle East and Africa
• Middle East (Saudi, Qatar, UAE)
• Rest of Middle East (Africa, South Africa, Rest of Africa)