Market Overview –

The Global and US Electronic Health Records (EHR) and Electronic Medical Records (EMR) Market are experiencing significant growth driven by the widespread adoption of digital healthcare solutions. EHR and EMR systems digitize patient health information, facilitating efficient storage, retrieval, and sharing of medical records across healthcare settings.

It is projected that the US EHR-EMR market would expand significantly over the course of the forecast period, with a 3.2% CAGR. By 2032, the market value of EMR and EHR systems might reach USD 7.98 billion, predicts the MRFR Analysis.

The Medical EMR Systems market is experiencing significant growth as healthcare providers transition to electronic health records for improved efficiency and patient care. These systems streamline record-keeping processes, enhance data accessibility, and facilitate better communication among healthcare professionals. With ongoing digitization efforts in the healthcare sector, the market for medical EMR systems is expected to continue expanding.

US EHR-EMR Market Boomers & Decliners

The development of healthcare IT and the enormous potential of the sector in combining data as well its capability are to radically surge the efficiency has affected the US EHR/EMR market to a great extent. EHRs and EMRs facilitate medical errors that are often faced at the time of diagnosis and treatment procedure. This occurs owing to a lack of awareness on the part of medical professionals concerning medical history and the therapeutic guidelines specific to the patient. On this, it is reportedly stated that the clinical decisions made using the assistance of EHRs have augmented the efficiency of care and the market as well.

The clinical benefits are essential in its positive influence on the global EHR/EMR market. Growing government support of the EHRs has also been a vital encouraging factor for the adoption of both EHRs and EMRs for subsequent growth in the market on the global level. In a case of point, NMS has employed the Integrated Digital Care Fund (IDCF) to support the shift from paper-based records to digital care records. These types of encouraging and supportive government initiatives are anticipated to induce market growth over the assessment period.

Segment Review

The global and US EHR-EMR market is further studied over various segments of components, applications, mode of delivery, and end-user.

By the segment of components, the market has included services & consulting software and hardware.

By the segment of the application, the market has included specialty-based and general applications.

By the segment of the mode of delivery, the market has included an on-premise model and cloud-based.

By the segment of end-user, the market has included forensic science laboratories and hospitals.

Regional Framework

Regionally, the US was the leading global EHR market in the year 2018 (with a 64% market share at $14.6B), but its growth is now projected to rise more as new verticals, functionality, and international markets have become a key focus for leading vendors. US vendors grabbed the position of being seven of the top 10 largest EHR vendors, with the other three from the second-largest market in Japan. Therefore, the Americas is likely to lead the global & US EHR-EMR market owing to the escalating adoption of healthcare IT and encouraging incentive programs in the assessment period. The Americas secured the largest market share of USD 11,763.33 million in the year 2017 and is probable to govern the global & US EHR-EMR market by reaching USD 21,307.35 million by 2027 at 5.82% CAGR. It is also owing to the incidence of many key players and technologically advanced healthcare infrastructure in this region.

The government in Europe gradually supported the adoption of electronic health record EHR-EMR facilitates. Such an attempt has made Europe the second largest market share in the year 2017 and will be leading in the forecast period

Asia-Pacific is also predicted to be the fastest-growing market in the future timeframe. In the Asia-Pacific EHR-EMR market, Japan commands the largest share. In China, the market is prejudiced by the factor of rising geriatric population and extensive use of healthcare IT. Emerging economies, such as India, Australia, Singapore, and China, are the most lucrative markets owing to the rising geriatric population, as well as rising the patient pool, and improving healthcare facilities.

Key Players –

Market Research Future has examined the global and US EHR-EMR competitive landscape, analyzing the diverse growth strategies implemented by prominent market players. Notable companies highlighted in the report include Allscripts Healthcare Solutions, Athenahealth Inc., Agastha Inc, Cerner Corporation, Epic Systems, eClinicalWorks, Advanced MD Inc, Advanced Data Systems Corporation, GE Healthcare, Medical Information Technology Inc., Koninklijke Philips N.V., and Meddbase (Medical Management Systems Ltd).

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