Electronic Medical Records Market:
Growth opportunities in the electronic medical records market look promising over the next six years. This is mainly due to continuous technological advancements, improvements in healthcare quality, growing aged population, and increasing healthcare expenditure.
Electronic Medical Records Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The ongoing technological innovations have transformed the healthcare sector by changing the way health services are directed. The electronic health record system is a development that has enhanced healthcare quality. Also, almost all research in this enterprise has been performed in developing countries, which is stimulating the growth of the global electronic devices market. In France, the commonwealth fund stated that the electronic health record project covered approximately 1,882,503 patients by the end of 2018 and nearly 730 hospitals, thereby surging the market growth. Moreover, as per the electronic devices market trends, the growing burden of disease and electronic medical record usage has fuelled the market’s growth. The EHR systems enable the providers to examine the health record of patients and encounter easy exchange of data with other providers and care facilities.
Moreover, the widespread outbreak of coronavirus resulted in expanding volume of patients and a need to reduce the healthcare costs, which is also driving the market size. Also, factors like accelerating geriatric population, boost in healthcare spending, better healthcare infrastructure, and the growing research and development activities will contribute to the market growth. The robust demand for these solutions accompanied by the remarkable switch in favor of patient-centric healthcare delivery is fuelling the market size. However, the huge investment value required for this technology will curb the electronic devices market size.
Regional Drivers
On the basis of regional coverage, North America is anticipated to expand at a faster CAGR during the forecast period. This is majorly attributed to the growing number of favorable strategic initiatives to raise the acquisition of these devices and easy accessibility of infrastructure with high digital literacy. The federal government, in 2020, executed the Federal Health IT Strategic Plan 2020-2025 to encourage the adoption of EHR by healthcare providers. This factor further adds to the market growth.
Electronic Medical Records Market’s leading Manufacturers:
- CPSI
- Medical Information Technology, Inc.
- NextGen Healthcare, Inc.
- McKesson Corporation
- GE Healthcare
- HMS
- EClinicalWorks
- Epic Systems Corporation
- Allscripts Healthcare, LLC
- Fresenius Medical Care
Electronic Medical Records Market Segmentation:
Segmentation by Product:
- Web-Based
- Client Server Based
Segmentation by Type:
- Acute
- Post-Acute
Segmentation by End-Use:
- Ambulatory Care
- Hospital
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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