The new report by Expert Market Research titled, ‘Global Hospital EMR Systems Market Size, Share, Growth, Analysis, Report and Forecast 2023-2031’, 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 (2016-2031)
- Historical Market Size (2022): USD 16.7 billion
- Forecast CAGR (2023-2031): 7.8%
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.
Hospital EMR Systems 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
Hospital EMR Systems 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.
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