IMARC Group has recently released a new research study titled “Electronic Medical Records Market Report by Type, Component, Functionality, Deployment Type, Application, End User and Region 2024-2032”, offers a detailed analysis of the global electronic medical records market demand, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The market size reached US$ 32.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 42.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2023-2028.
Industry Definition and Application:
Electronic medical records (EMRs) are digital versions of the traditional paper charts found in a clinician's office. They are patient-centered records that provide real-time, patient-centric information instantly and securely to authorized users. An EMR typically contains a patient's medical history, diagnoses, medications, treatment plans, immunization dates, allergies, radiology images, and laboratory test results. Unlike traditional paper-based records, EMRs streamline healthcare provider workflows, enabling better care coordination and enhancing the quality of care. They allow physicians to track data over time, identify patients due for preventive visits and screenings, monitor patients, and improve overall healthcare quality. While EMRs primarily stay within a single practice, many have the capability to share information with other healthcare providers, such as laboratories and specialists, so they contain information from all clinicians involved in a patient's care.
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Electronic Medical Records Market Trends:
The rising need for seamless data exchange across various healthcare providers and institutions underpins the demand for globally interoperable EMRs which represents one of the key factors driving the growth of the market across the globe. This allows for comprehensive and coordinated care, especially important for patients with complex health issues or those seeking care in multiple locations.
The market is also driven by the ongoing digital transformation across the healthcare sector. As health institutions move towards digitization, the need for reliable, efficient electronic record-keeping systems becomes paramount. Significant advances in technologies like artificial intelligence (AI), machine learning, and cloud computing are enhancing EMR capabilities, thus making them more intuitive, secure, and efficient. These advancements are attracting more healthcare providers to adopt EMRs. Government policies and regulations advocating for digital health records to improve healthcare efficiency and patient safety are creating a positive outlook for the market across the globe.
Competitive Landscape With Key Players:
The competitive landscape of the electronic medical records market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- AdvancedMD (Global Payments Inc.)
- Allscripts Healthcare Solutions
- Cerner Corporation
- Computer Programs and Systems Inc.
- CureMD Healthcare
- eClinicalWorks
- Epic Systems Corporation
- General Electric (GE) Company
- Greenway Health LLC
- McKesson Corporation
- Modernizing Medicine Inc.
- Nextgen Healthcare Inc.
Key Market Segmentation:
The report has segmented the global electronic medical records market based on type, component, functionality, deployment type, application, end user and region.
Breakup by Type:
- Traditional EMRs
- Speech Enabled EMRs
- Interoperable EMRs
- Others
Breakup by Component:
- Hardware
- Software
- Services
Breakup by Functionality:
- Basic Systems
- Fully Functional Systems
Breakup by Deployment Type:
- Cloud-based
- On-premises
Breakup by Application:
- Specialty BasedCardiologyNeurologyRadiologyOncologyOthers
- General Applications
Breakup by End User:
- Hospital and Clinics
- Specialty Centers
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2314&flag=C
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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