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Sunday, March 27, 2022

Global Hospital EMR Systems Market to be Driven by the Rising Demand for Cloud-Based Hospital EMR in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global Hospital EMR Systems Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global hospital EMR systems market, assessing the market based on its segments like components, delivery modes, types, hospital sizes, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2020): USD 14.40 Billion
  • Forecast CAGR (2022-2027): 8%

The hospital EMR systems industry is being driven by the thriving cloud-based segment. It is primarily used by medical organisations without the requisite internal infrastructure. These systems eliminate the requirement for in-house maintenance, which is increasing the demand for EMR systems in hospitals. The rising application of the product in the medical sector to detect infectious diseases, blood glucose, and cholesterol, among others, is likely to provide an impetus to the market. Over the forecast period, various cloud-based benefits such as decreased start-up and licensing costs, reduced infrastructure and maintenance requirements, and increased accessibility are predicted to significantly contribute to industry growth.

Industry Definition and Major Segments

An electronic medical record (EMR) system is a computer-based database system that is unique to a single physician or medical organisation. It is a computerised record of a patient's personal information, medical history, and a list of diagnoses. Patients' data is integrated with the organisation's practice management software, which manages scheduling and billing. As a result, they serve as an efficient replacement to traditional paper records, leading to enhanced communication and coordination among medical faculty so as to give the best possible care to patients.

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The market, on the basis of component, can be segmented into:

  • Services
  • Software
  • Hardware

On the basis of delivery mode, the market can be categorised into:

  • On-Premise
  • Cloud-Based

On the basis of type, the market can be categorised into:

  • General EMR Solutions
  • Speciality EMR Solutions

By hospital size, the market is bifurcated into:

  • Small and Medium Sized Hospitals
  • Large Hospitals

The regional markets for hospital EMR systems include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The introduction of various initiatives by governments to enhance the accessibility of healthcare is estimated to propel the market. The growing incidences of infectious diseases is expected to further enhance the product demand. The increasing efforts by the governments of various nations to boost technological advancement and research and development (R&D) activities are likely to be another key trend bolstering the market growth in the forecast period. Furthermore, the surging investments by governments and key players to employ EMR systems in hospitals and clinics are anticipated to significantly contribute to the market growth in the forecast period.

Key Market Players

The major players in the market are Epic Systems Corporation, Cerner Corporation, Medical Information Technology, INC., Computer Programs and Systems, INC., and Medhost, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person:-Ian Bell, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States

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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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