EHR-EMR Global Market – Overview
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 a very vital role in the database management for any healthcare organization as the arrival rate of the individuals are increasing every day and manually it becomes very difficult to monitor the activity and condition of an individual who has visited the organization long time back.
According to a recent study report published by the Market Research Future, the global market of EHR-EMR has witnessed a continued demand during the last few years and had evaluated for over 15 billion USD during 2016. This tremendous growth was owing to the growth of the life science and healthcare industry. EHR-EMR market is predicted to grow further at a striking rate of CAGR; witnessing exponential growth crossing over its previous growth records during the forecasted period (2016 – 2027).
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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 manpower, 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, states the MRFR Research Analyst while commenting upon this deep diving study report, presented through more than 100 market data tables and figures, widely spread over 127 pages.
EHR-EMR Global Market – Key Players
Well-established players adorn the EHR-EMR market as highly competitive. High investments are transpired in the market in order to develop next-generation healthcare IT solutions. The global EHR-EMR market is witnessing fierce competition.
Identified and profiled in MRFR analysis; some of the key players in the market of EHR-EMR are eClinicalWorks, Praxis EMR, Allscripts Healthcare Solutions, Inc., Cerner Corporation, NextGen Healthcare and Medical Information Technology, Inc. Other prominent players operating in Global & US EHR-EMR Market are Epic Systems, 4medica, Athenahealth, Inc.,GE Healthcare,Others
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global EHR-EMR Market Research Report- Forecast to 2027”
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EHR-EMR Global Market – Segmentation
The EHR-EMR Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation On the basis of Installation Type: Comprises Server bases, Web based, and Software (As Services)
Segmentation On the basis of End User: Comprises Hospitals, Clinic Centers and Others
Segmentation On the basis of Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
EHR-EMR Market – Regional Analysis
The America’s are the leading in the market of EHR-EMR with the market share of more than 45% followed by the Europe and Asia-Pacific countries that are accounted for a substantial share of the market. 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 fall under the umbrella of developed countries are technologically well advanced therefore having the largest market share in the EHR-EMR market.
The next largest market share has been acquired by the Europe and MEA countries that accounts for a considerable market share. Countries like Germany, Italy among others, whose government is promoting the healthcare industry by introducing the various healthcare plans and new equipment’s in this industry. The fastest growing market is Asia Pacific which is growing with the market a significant rate of CAGR. 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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