The continually growing healthcare sector is swiftly adopting digitization to improve its practices. EHR-EMR systems have transformed health care practices from paper-based operations to digitized. Moreover, rapidly increasing numbers of advanced medical infrastructures worldwide are accelerating market growth.
The US EHR-EMR Market size is expected to develop at a 3.2% CAGR over the forecast period. According to the MRFR Analysis, the market value of EMR and EHR Systems will be up to USD 7.98 billion by 2032. The size of the healthcare sector is increasing by leaps and bound, heading with the ever-increasing population that prompts the demand for effective treatment and care. EHR and EMR software solutions enhance the performance of healthcare professionals, improving the operations of care-giving facilities.
Thus, Electronic Health Record (EHR) and Electronic Medical Record (EMR) play a causal role in the development of the healthcare sector, providing systematized electronically-stored health information. Augmenting demand for EHR and EMR solutions from the rising numbers of hospitals fosters market growth. Also, increasing numbers of healthcare IT companies worldwide impact market growth positively, providing client-specific software solutions.
Conversely, the high cost of EHR & EMR software acts as a major growth impeding factor for the market, restricting its adoption. However, efficacies of this software that enhances overall operation management in hospitals & clinical settings would support the market growth throughout the review period. Also, the rising demand to manage operations in hospitals efficiently is a key factor expected to drive the growth of the market.
Global & US EHR-EMR Market - Segments
The report is segmented into five key dynamics;
By Components: Software, Services & Consulting, and Hardware.
By Application: Specialty-Based Applications and General Applications.
By Mode of Delivery: On-Premise and Cloud-Based Model.
By End-User: Ambulatory Care, Hospital & Clinics, Diagnostic Centres, and others.
By Regions: Europe, Americas, APAC, and the Rest-of-the-World.
Global & US EHR-EMR Market – Geographical Analysis
North America has been leading the global EHR-EMR market. The largest market share attributes to the increasing adoption of healthcare IT and favorable incentive programs in the region. Moreover, factors such as the increasing digital advancements in the medical sector, extensive uptake of EHR-EMR software in hospitals, and the presence of well-established healthcare IT companies quadrupling by numbers propel the regional market growth.
The North American EHR-EMR market trend had created a valuation of USD 11,763.33 MN in 2017. The market valuation is further expected to grow to USD 21,307.35 MN, registering 5.82% CAGR from 2018 to 2027. Also, the growing demand for user-friendly software and the growing prominence of electronic medical records in medical practices contribute to the regional market growth.
The US is the largest EHR-EMR market in North America. The market is majorly driven by the strong presence of noteworthy players and technologically advanced healthcare infrastructure in the country. Also, factors such as technological advances and the availability of futuristic cost-effective EHR-EMR solutions drive the growth of the US EHR-EMR market.
Europe is the second-largest market for EHR-EMR solutions globally, heading with favorable government initiatives that promote EHR-EMR solutions. In Europe, Germany is the largest market, followed by France and the UK. The market witnesses an augmenting demand for EHR-EMR solutions across clinical settings. Also, increasing numbers of healthcare infrastructures fostered by the resurging economy in the region act as a significant tailwind for the market growth.
Moreover, increased funding in the rising numbers of specialty services offered by various health care providers encourages market growth in the region. The European EHR-EMR market is projected to witness significant growth over the assessment period.
The EHR-EMR market in the Asia Pacific region is witnessing a promising growth on a global level. The market is predominantly led by the increasing awareness about electronic healthcare record systems and the causal role that EHR-EMR solutions play in clinical practices. Supportive government programs and policies to encourage the development of cost-effective software and the adoption of advanced clinical software impact market growth positively. Japan commands the largest share in the regional market, followed by China and India.
Global & US EHR-EMR Market - Competitive Landscape
Highly competitive, the global & US EHR-EMR market appears fragmented with many well-established players, alongside new entrants form a competitive landscape. To gain a larger competitive share, brand reinforcement, mergers & acquisitions, and innovation remain popular trends of the key players. They increasingly invest to drive R&D activities required to develop a cost-effective product portfolio and to increase their global footprints.
Market players possess state of the art facilities to develop software and strong sales and distribution network, which help them to gain the leadership position in the market. Marketers operating in the global & US EHR-EMR market are focusing on inbound lead generation more than ever and develop ROI-oriented strategies that can pay off quickly.
Major Players:
Players leading the Global & US EHR-EMR Market include Allscripts Healthcare Solutions, GE Healthcare, Cerner Corporation, Athenahealth, Inc., Advanced Data Systems Corporation, AdvancedMD Inc., Meddbase (Medical Management Systems Ltd), eClinicalWorks, Koninklijke Philips NV, Epic Systems, Agastha, Inc., and Medical Information Technology, Inc. (MEDITECH), among others.
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact Us:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
