About Hospital EMR Systems
Hospital EMR (Electronic Medical Record) Systems also called as Electronic health record (EHR). Electronic medical records refers to electronic record of health related data of each and every individuals that can be collected, managed, and referred by authorized hospital staff within one health care organization. Additionally, it is a digital form of the daily charts in the clinician's office.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.8% |
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the market. The recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries had been shut down during 2020 which has now resumed again in order to regain the market growth. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Hospital EMR Systems market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
NueMD (Georgia), WRS Health (United States), Cerner Corporation (United States), eClinicalWorks (United States), AdvancedMD, Inc. (United States), Epic Systems Corporation (United States), athenahealth, Inc. (United States), MEDHOST (United States), CPSI (United States) and CureMD (New York) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Intersystems Corporation (United States), Allscripts Healthcare Solutions, Inc. (United States) and Medical Information Technology, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Hospital EMR Systems market by Type (General EMR and Specialty EMR), Application (Clinical Application, Administrative Application, Reporting in Healthcare System, Healthcare Financing and Clinical Research Application) and Region.
On the basis of geography, the market of Hospital EMR Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment, the sub-segment i.e. Cloud based will boost the Hospital EMR Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Hospital EMR Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospital will boost the Hospital EMR Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Government Support for EMR System and Introduction of Cloud based EMR
Market Growth Drivers:
Increasing Essential to Curtail Healthcare Charges and Quick Surge in Aging Population
Challenges:
Rising Interoperability Concerns
Restraints:
High Initial Cost for Deployment and Rising Security Issues
Opportunities:
Increasing Popularity of EMR Systems in Developing Countries
Market Leaders and their expansionary development strategies
In November 2023, Royal Philips announced an 8-year strategic partnership valued up to USD 115 million and aimed at enhancing patient care through further innovation. With the new technologies, NYU Langone clinicians can collaborate in real-time, whether sharing pathology, imaging studies or patient data to support diagnostic confidence and tailor individualized care plans. This integrated, collaborative approach will serve as part of a drive to further enhance the patient experience through faster diagnosis and treatment, and improved outcomes.
In September 2023, GBIN Launches eNautilus Project to Add New Oracle Health EHR Capabilities to Better Support Patient Care. These additions are expected to help caregivers improve patient safety, enhance collaboration between caregivers across facilities, and reduce the administrative burden on clinicians across the GBIN’s combined 15 hospitals.
Key Target Audience
Hospital EMR Systems Service Providers, Pharmaceutical Firms, Healthcare Industries, Medical Expedient Manufacturing Industry, Government Agencies, Private Research Institutes, Government Research Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.