Electronic Medical Records Market 2021: Leading Countries, Market Size, Challenges, Five Forces Analysis, Trends, Drivers, Forecast to 2024

Electronic Medical Records

Electronic Medical Records Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Electronic Medical Records market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

The Cloud Based Segment Holds the Largest Share in the Electronic Medical Records Market

Based on mode of delivery, the electronic health record market is further segmented into cloud based and on-premise. Among these, cloud based holds the largest share in the electronic medical records market. This is attributed due to the rise in number of benefits, such as low licensing and start-up cost, low cost of maintenance and infrastructure requirements, and wider accessibility. In addition, a cloud-based EHR system provides enhanced productivity and faster and smoother implementation.

Based on end user, the electronic health record market is classified into hospital-based EMR and physician-based EMR. Hospital-based EMR held the largest share as an end-user segment in this market. The growth in this end-user segment is attributed to the increasing number of hospitals, globally, and several advantages associated with using EHR and easy availability of patient-centric data.

North America Dominates the Electronic Medical Records Market, Globally, During the Forecast Period

The healthcare IT market in the is one of the most established markets, compared to other geographical regions. Additionally, most hospitals and clinics in the region have widely implemented EHR solutions, due to stringent regulatory norms. Canada and the are the leading countries in this region that have implemented EHR systems. Asia-Pacific is anticipated to grow during the forecast period. Emerging countries, including and China, have been experiencing strong economic growth. Increasing demand for the healthcare IT services and increasing expenditure by the governments in the emerging countries are expected to propel the EHR market in the Asia-Pacific region. In addition, China is the home for producing low-cost electronic components, which is anticipated to attract more investors.

Globally, governments have advised hospitals and clinics to change conventional health records into an electronic format for better storage of patient data. For instance, the U.S. government is taking initiatives to increase the use of EHR. The Health Information Technology for Economic and Clinical Health (HITECH) Act was authorized as a component of the American Recovery and Reinvestment Act (ARRA). This act was passed in 2009 to advance the utilization of EHR systems, with a specific end goal for modernizing and improving the healthcare system.

Market Overview:

  • – Electronic medical record (EMR) systems are becoming increasingly popular, as the healthcare industry is moving toward digitization. A lot of government initiatives, such as encouraging physicians to adopt electronic health records, investing in training the healthcare information technology workers, and establishing regional extension centers to provide technical and other advices are triggering the EMR market’s growth.
  • – Moreover, factors, like rising need for integrated healthcare system, big data trends in healthcare industry, and technological advancements in the field of data storage are driving the growth of the EMR market. On the other hand, factors, like data privacy concerns, high initial investment, shortage of proper trained staff, and inter-operability issues are the primary restraints in the growth of the electronic medical records mark

    Key Manufacturers Like 

  • eClinicalWorks
  • McKesson
  • Cerner Corporation
  • Allscripts
  • Meditech
  • GE Healthcare
  • Epic
  • Next Gen Healthcare
  • Greenway Health.

    Scope of the Report:

  • Electronic health record (EHR) is a computerized version of paper record that stores information securely and is visible to other authorized users/practitioners. It is an electronic version of patient medical history, which is maintained and includes all data related to patients care under particular doctor, including demographics, progress notes, problems, medication and vital signs, past medical history, immunizations, laboratory data, and radiology reports.

    Electronic Medical Records market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Electronic Medical Records market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Electronic Medical Records market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Electronic Medical Records market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Electronic Medical Records market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Electronic Medical Records ?
    • Who are Opportunities, Risk and Driving Force of Electronic Medical Records market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Electronic Medical Records space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Electronic Medical Records market opportunities, market risk and market overview of the Market?

    Lastly, the Global Electronic Medical Records Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Electronic Medical Records Market Report:

    • To provide a detailed analysis of the market structure along with the Electronic Medical Records market forecast of various segments and sub-segments of the Electronic Medical Records market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Electronic Medical Records market trends that influence the global Electronic Medical Records market

    Detailed TOC of Electronic Medical Records Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Initiatives by the Governments
    4.2.2 Technological Advancements
    4.2.3 Low Maintenance and Wider Accessibility
    4.3 Market Restraints
    4.3.1 Data Privacy Concerns
    4.3.2 High Initial Investment
    4.3.3 Shortage of Proper Trained Staff
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Component
    5.1.1 Hardware
    5.1.2 Software
    5.1.3 Services and Consulting
    5.2 End User
    5.2.1 Hospital-based EMR
    5.2.2 Physician-based EMR
    5.3 Functionality
    5.3.1 Basic Systems
    5.3.2 Fully Functional Systems
    5.4 Application
    5.4.1 Specialty Based
    5.4.1.1 Cardiology
    5.4.1.2 Neurology
    5.4.1.3 Radiology
    5.4.1.4 Oncology
    5.4.1.5 Other Applications
    5.4.2 General Applications
    5.5 Type
    5.5.1 Traditional EMRs
    5.5.2 Speech enabled EMRs
    5.5.3 Interoperable EMRs
    5.5.4 Other Types
    5.6 Mode of Delivery
    5.6.1 Cloud Based
    5.6.2 On-premise Model
    5.7 Geography
    5.7.1 North America
    5.7.1.1 US
    5.7.1.2 Canada
    5.7.1.3 Mexico
    5.7.2 Europe
    5.7.2.1 Germany
    5.7.2.2 UK
    5.7.2.3 France
    5.7.2.4 Italy
    5.7.2.5 Spain
    5.7.2.6 Rest of Europe
    5.7.3 Asia-Pacific
    5.7.3.1 China
    5.7.3.2 Japan
    5.7.3.3 India
    5.7.3.4 Australia
    5.7.3.5 South Korea
    5.7.3.6 Rest of Asia-Pacific
    5.7.4 Middle East & Africa
    5.7.4.1 GCC
    5.7.4.2 South Africa
    5.7.4.3 Rest of Middle East & Africa
    5.7.5 South America
    5.7.5.1 Brazil
    5.7.5.2 Argentina
    5.7.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 eClinicalWorks
    6.1.2 McKesson
    6.1.3 Cerner Corporation
    6.1.4 Allscripts
    6.1.5 Meditech
    6.1.6 GE Healthcare
    6.1.7 Epic
    6.1.8 Next Gen Healthcare
    6.1.9 Greenway Health

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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