Overview
Electronic Medical Records (EMRs) are stored electronically. This means that information about a patient’s health history is available across various health care settings. These records are often shared among physicians and hospitals, which makes them valuable to other medical professionals. However, the process of creating and sharing these records can be complex. An EMR is not just available to doctors. It can be used by physicians from different specialty areas, which helps reduce overall costs. Another advantage of electronic medical records is that they are accessible anywhere. If a patient goes to a different healthcare facility, the same information will be provided.
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Competitive Landscape
Major companies contributing to the global electronic medical records market include Allscripts Healthcare Solutions, Inc., Cerner Corporation, McKesson Corporation, GE Healthcare, Greenway Health, LLC, Epic Systems Corporation, NextGen Healthcare Information Systems, LLC, Medical Information Technology, Inc., and Computer Programs and System Inc.
Drivers
Rapid digitalization of the healthcare sector to gain accessibility to the patient’s health information and provide further medical care accordingly, which is expected to augment growth of the electronic medical records market during the forecast period.
Furthermore, an enlarging patient pool of chronic and contagious diseases amidst growing geriatric population is expected to aid growth of the electronic medical records market over the forecast period.
The Epitome of the COVID-19 Aftermath
The global electronic medical records market saw an upsurge in demand in the light of the COVID-19 pandemic. The catalyzed shift of the healthcare sector towards attending rising cases of COVID-infections combined with the reduced footfalls of non-COVID patients across hospitals instigated the medical care providers to adopt software-based solutions to track records of patients.
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Key Takeaways
- The electronic medical records market is anticipated to grow at a CAGR of 6.5 % during the forecast period owing to the increasing adoption of these software solutions across the healthcare sector. For instance, in November 2021, private equity firms, Bain Capital Private Equity and Bain Capital Tech Opportunities, partnered to acquire Athenahealth, a cloud-based solutions provider for medical practices, for US$ 17 billion.
- Considering the territorial landscape, the North American region is well-positioned to reign supreme in the global electronic medical records market at the helm of early adoption of cloud-based services in the healthcare sector.
- In the runner-up spot, the Asia Pacific region is viewed as a future ace for the global electronic medical records market in the light of improving healthcare facilities, growing government support, and a large patient pool.
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Electronic Medical Records Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Electronic Medical Records Industry Impact
Chapter 2 Global Electronic Medical Records Competition by Types, Applications, and Top Regions and Countries
2.1 Global Electronic Medical Records (Volume and Value) by Type
2.3 Global Electronic Medical Records (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Electronic Medical Records Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Electronic Medical Records Market Analysis
Chapter 6 East Asia Electronic Medical Records Market Analysis
Chapter 7 Europe Electronic Medical Records Market Analysis
Chapter 8 South Asia Electronic Medical Records Market Analysis
Chapter 9 Southeast Asia Electronic Medical Records Market Analysis
Chapter 10 Middle East Electronic Medical Records Market Analysis
Chapter 11 Africa Electronic Medical Records Market Analysis
Chapter 12 Oceania Electronic Medical Records Market Analysis
Chapter 13 South America Electronic Medical Records Market Analysis
Chapter 14 Company Profiles and Key Figures in Electronic Medical Records Business
Chapter 15 Global Electronic Medical Records Market Forecast (2021-2027)
Chapter 16 Conclusions
Research Methodology
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