Covid-19 Impact Analysis on Electronic Medical Records Market with Future Business Opportunities and Top Competitor Analysis | GE Healthcare, Epic Systems Corporation, McKesson Corporation
Electronic Medical Records Market to Surpass US$ 21,845.0 Million by 2027
Electronic Medical Record (EMR) offers several advantages such as less paper work, fewer storage issues, and higher quality of care that leads to better healthcare outcomes. EMRs contain notes and information collected by and for the clinicians. The global electronic medical records market is estimated to account for US$ 21,845.0 Mn in terms of value by the end of 2027.
Global Electronic Medical Records Market: Drivers
Increasing development of integrated healthcare solutions is expected to propel growth of the global electronic medical records market over the forecast period. For instance, in December 2019, Sectra, a medical imaging IT and cybersecurity company collaborated with Leica Biosystems to develop an integrated clinical pathology solution. The Sectra digital pathology software solution is expected to facilitate integration with leading pathology information systems and EMRs.
Request for a Sample Report at – https://www.coherentmarketinsights.com/insight/request-sample/196
Global Electronic Medical Records Market: Opportunities
Utilization of text fields in EMRs is expected to offer lucrative growth opportunities for market players. For instance, in January 2019, researchers from the UTSHC-ORNL Center for Biomedical Informatics and University of Tennessee Health Science Center reported that text data in EMRs can improve the ability of structured data tools to predict serious patient outcomes after surgery.
Global Electronic Medical Records Market: Restraints
Some of the disadvantages of EMR include changes in workflow, temporary loss of productivity associated with EMR adoption, privacy and security concerns, and several unintended consequences. EMR may result in disruption of work-flows for medical staff and providers which result in temporary loss of productivity. Such factors are expected to hinder growth of the global electronic medical records market.
Key Takeaways:
The hospitals segment in the global electronic medical records market was valued at US$ 7,632.7 Mn in 2018 and is expected to reach US$ 12,510.1 Mn by 2027 at a CAGR of 5.6% during the forecast period. Increasing incidence of chronic diseases is expected to drive the growth of this segment during the forecast period. The Cloud-Base EMR segment held a dominant position in the global electronic medical records market in 2018, accounting for 54.4% share in terms of value, followed by Client Server Setup EMR, respectively. Technological advancement and increasing healthcare infrastructure in developing economies is expected to drive the segment growth during the forecast period.
Request Here PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/196
Market Trends
Machine learning is being used in combination with EMR data to predict chronic diseases such as dementia. For instance, in December 2019, researchers from Indiana University Purdue University at Indianapolis reported that EMR routine care data can be used to predict dementia. The research was published in the journal Artificial Intelligence in Medicine. Lab integration through Laboratory Information System (LIS) is a major trend enabling labs and imaging centers to send and receive orders electronically. This platform allows interaction by multiple physicians using different EMR systems.
Global Electronic Medical Records Market: Competitive Landscape
Major players operating in the global electronic medical records market include GE Healthcare, Epic Systems Corporation, McKesson Corporation, Cerner Corporation, Allscripts Healthcare Solutions, Inc., Computer Programs and System Inc., Medical Information Technology, Inc., NextGen Healthcare Information Systems, LLC, and Greenway Health, LLC.
Global Electronic Medical Records Market: Key Developments
Key players in the market are focused on product expansion to enhance their market share. For instance, in December 2019, Southwest Transplant Alliance (STA) announced an initiative to expand its automated electronic referral technology to health systems throughout the state of Texas. The system automatically connects to a hospital’s EMR. Key players in the market are also focused on adopting partnership strategies to enhance their market share. For instance, in October 2019, electronic medical record vendor, Suncoast, partnered with Hospice of the Western Reserve, and pharmacy provider, Delta Care Rx in order to enhance clinician workflow.
Purchase this Report at Discount Of US $2000 Flat OFF – https://www.coherentmarketinsights.com/promo/buynow/196
Segmentation Scope of the report
- Electronic Medical Records Market, By Type:
- Inpatient EMR
- Ambulatory EMR
- Electronic Medical Records Market, By Components:
- EMR Software
- EMR Services
- Electronic Medical Records Market, By Application:
- Client Server Setup EMR
- Hybrid EMR
- Cloud- Base EMR
- Electronic Medical Records Market, By End User:
- Hospitals
- Specialized Clinics
- General Physician Clinics
- Ambulatory Surgical Centers
- Electronic Medical Records Market, By Region:
- North America
- By Type:
- Inpatient EMR
- Ambulatory EMR
- By Components
- EMR Software
- EMR Services
- By Application:
- Electronic Medical Records Market
- Hybrid EMR
- Cloud- Base EMR
- By End User:
- Hospitals
- Specialized Clinics
- General Physician Clinics
- Ambulatory Surgical Centers
- By Country:
- U.S.
- Canada
- By Type:
- Latin America
- By Type:
- Inpatient EMR
- Ambulatory EMR
- By Components
- EMR Software
- EMR Services
- By Application:
- Electronic Medical Records Market
- Hybrid EMR
- Cloud- Base EMR
- By End User:
- Hospitals
- Specialized Clinics
- General Physician Clinics
- Ambulatory Surgical Centers
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Type:
- Europe
- By Type:
- Inpatient EMR
- Ambulatory EMR
- By Components
- EMR Software
- EMR Services
- By Application:
- Electronic Medical Records Market
- Hybrid EMR
- Cloud- Base EMR
- By End User:
- Hospitals
- Specialized Clinics
- General Physician Clinics
- Ambulatory Surgical Centers
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Type:
- Asia Pacific
- By Type:
- Inpatient EMR
- Ambulatory EMR
- By Components
- EMR Software
- EMR Services
- By Application:
- Electronic Medical Records Market
- Hybrid EMR
- Cloud- Base EMR
- By End User:
- Hospitals
- Specialized Clinics
- General Physician Clinics
- Ambulatory Surgical Centers
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- By Type:
- Middle East
- By Type:
- Inpatient EMR
- Ambulatory EMR
- By Components
- EMR Software
- EMR Services
- By Application:
- Electronic Medical Records Market
- Hybrid EMR
- Cloud- Base EMR
- By End User:
- Hospitals
- Specialized Clinics
- General Physician Clinics
- Ambulatory Surgical Centers
- By Country:
- GCC
- Israel
- Rest of Middle East
- By Type:
- Africa
- By Type:
- Inpatient EMR
- Ambulatory EMR
- By Components
- EMR Software
- EMR Services
- By Application:
- Electronic Medical Records Market
- Hybrid EMR
- Cloud- Base EMR
- By End User:
- Hospitals
- Specialized Clinics
- General Physician Clinics
- Ambulatory Surgical Centers
- By Country:
- South Africa
- Central Africa
- North Africa
- By Type:
- North America
- Company Profiles
- GE Healthcare *
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Strategies
- Epic Systems Corporation
- McKesson Corporation
- Cerner Corporation
- Allscripts Healthcare Solutions, Inc.
- Computer Programs and System Inc.
- Medical Information Technology, Inc.
- NextGen Healthcare Information Systems, LLC
- Greenway Health, LLC.
- GE Healthcare *
“*” marked represents similar segmentation in other categories in the respective section.
About Coherent Market Insights
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us
Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200
Seattle, WA 98154
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com
Editor Details
-
Company:
- CDN Newswire
