EHR/EMR Market Analysis Based on type (Acute EHR, Ambulatory EHR, Post-acute EHR), Based on end-user (Hospitals, Ambulatory care centers, Specialty centers, Long-term care centers, Home healthcare agencies), Based on mode of delivery (Cloud-based EHR/EMR, Web-based EHR/EMR, On-premise EHR/EMR) & Forecast 2024-2035
- PUBLISHED ON
- 4/12/2023
- NO OF PAGES
- 284
- CATEGORY
- Healthcare & Life Sciences
The global EHR/EMR Market size was valued at USD 29.56 billion in 2022, and is projected to reach USD 47.57 billion by 2032 at a CAGR of 5.5% from 2022 to 2032. The Electronic Health Record (EHR) or Electronic Medical Record (EMR) Market refers to the electronic storage and management of patients' health information, including their medical history, diagnoses, medications, treatment plans, immunization dates, laboratory results, and other relevant information. EHRs/EMRs are digital versions of traditional paper-based medical records and are designed to improve the efficiency, accuracy, and quality of healthcare delivery. They allow healthcare providers to access a patient's complete medical history and treatment information from anywhere, anytime, which can help to enhance clinical decision-making, reduce medical errors, and improve patient outcomes.
The global EHR/EMR Market share is increasing rapidly, driven by the need to improve patient outcomes, reduce medical errors, and increase efficiency in healthcare delivery. The demand for interoperability between different EHR/EMR systems is growing, enabling seamless data exchange between providers and patients. Cloud-based EHR/EMR solutions are gaining popularity due to their flexibility, scalability, and cost-effectiveness. They offer healthcare providers the ability to access patient data from any location, on any device, and in real-time. Patients are increasingly becoming more engaged in their healthcare, and EHR/EMR systems offer the ability to share health data with patients, allowing them to take an active role in managing their health. AI technology is being integrated into EHR/EMR systems, offering the ability to analyze patient data, identify patterns, and provide insights to healthcare providers. The COVID-19 pandemic has accelerated the adoption of telemedicine, and EHR/EMR systems are playing a critical role in enabling virtual consultations, remote monitoring, and telehealth services. EHR/EMR systems offer a wealth of patient data, and the use of data analytics tools can help healthcare providers to identify trends, track outcomes, and improve patient care.
The EHR/EMR market is expected to experience significant growth globally, driven by government initiatives to promote healthcare IT adoption, the growing aging population, and the increasing prevalence of chronic diseases.
Growing demand for digitization and automation of healthcare operations is propelling EHR/EMR Market growth.
EHR (Electronic Health Record) and EMR (Electronic Medical Record) systems are becoming more popular as healthcare providers seek to streamline their workflow and reduce manual errors. The adoption of EHR/EMR systems has increased over the years due to the need for a centralized platform for managing patient records and ensuring secure sharing of data across healthcare facilities. The rise of value-based care models and government initiatives to encourage the adoption of EHR/EMR systems have also played a significant role in driving the growth of EHR/EMR Market. With value-based care, healthcare providers are incentivized to deliver quality care at a lower cost, and EHR/EMR systems provide the necessary data and analytics to enable this. Overall, the need to improve the quality of care, increase efficiency, and reduce costs are the key drivers of the EHR/EMR market. As the healthcare industry continues to evolve, the demand for EHR/EMR systems is expected to grow further.
Segmentation:
Based on type, EHR/EMR Market can be segmented into:
• Acute EHR
• Ambulatory EHR
• Post-acute EHR
Based on end-user, EHR/EMR Market can be segmented into:
• Hospitals
• Ambulatory care centers
• Specialty centers
• Long-term care centers
• Home healthcare agencies
Based on mode of delivery, EHR/EMR Market can be segmented into:
• Cloud-based EHR/EMR
• Web-based EHR/EMR
• On-premise EHR/EMR.
Geography:
The North American region dominates the EHR/EMR market. This can be attributed to the high adoption of EHR/EMR systems in the region, as well as the presence of key market players such as Cerner Corporation, Epic Systems Corporation, and Allscripts Healthcare Solutions, Inc. Additionally, favorable government initiatives and the need to improve healthcare infrastructure have further contributed to the growth of the EHR/EMR market in North America. There are several government initiatives and regulations that impact the EHR/EMR market in North America. Some of these include:
• Health Information Technology for Economic and Clinical Health (HITECH) Act: The HITECH Act provides funding to support the adoption of EHRs by healthcare providers in the US. The act also established the Office of the National Coordinator for Health Information Technology (ONC), which oversees the development of standards and policies related to health IT.
• Canada Health Infoway: Canada Health Infoway is a non-profit organization that works with provinces and territories in Canada to accelerate the development and adoption of digital health solutions, including EHRs and EMRs. The organization is funded by the Canadian government and has invested more than USD 2 billion in digital health projects.
• Electronic Medical Records (EMR) Certification: In the US, the Certification Commission for Health Information Technology (CCHIT) is responsible for certifying EMR systems. The certification process ensures that EMRs meet certain standards for functionality, interoperability, and security.
Impact of COVID-19 on the global EHR/EMR Market:
The COVID-19 pandemic has had a significant impact on the EHR/EMR market. With the increasing need for remote healthcare solutions, the demand for EHR/EMR systems has surged during the pandemic. Healthcare providers have been relying on these systems to store and manage patient information, as well as to facilitate remote consultations and telemedicine services. The pandemic has also highlighted the importance of interoperability among EHR/EMR systems, leading to a renewed focus on developing and implementing standards to ensure seamless data exchange between systems. On the other hand, the pandemic has also posed challenges such as disruptions in the supply chain and reduced investments due to the economic downturn, which have affected EHR/EMR Market growth to some extent.
Impact of the Russia-Ukraine War on the global EHR/EMR Market:
As the EHR/EMR market is primarily focused on healthcare information technology, the ongoing conflict between Russia and Ukraine has not had a significant impact on EHR/EMR Market. However, it is worth noting that any major geopolitical instability in the region can affect the overall global economic conditions, which may indirectly impact EHR/EMR Market. Additionally, the war can cause a strain on the healthcare systems in the affected regions, highlighting the need for efficient and reliable EHR/EMR systems to ensure effective healthcare delivery.
Company Profiles:
• Cerner Corporation
• Epic Systems Corporation
• Allscripts Healthcare Solutions, Inc.
• Athenahealth, Inc.
• eClinicalWorks LLC
• NextGen Healthcare, Inc.
• Medical Information Technology, Inc. (MEDITECH)
• CPSI
• Greenway Health, LLC
• GE Healthcare
• McKesson Corporation
• Siemens Healthineers AG
• Philips Healthcare
• Henry Schein Medical Systems, Inc.
• AdvancedMD, Inc.
Historic Year: 2016-2022
Forecast: 2024-2035
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