EHR-EMR Market Share, Gaining 5.82% CAGR During the Forecast Period (2020-2027): MRFR

Due to its schematized grouping of patients' electronically stored health information in a digital presentation format, EHR/EMR is widely employed. As per MRFR, the market is set to gain a CAGR of 5.82% and earn USD 42,427.27 Million in revenues by 2027.

Due to its schematized grouping of patients' electronically stored health information in a digital presentation format, EHR/EMR is widely employed. As per MRFR, the market is set to gain a CAGR of 5.82% and earn USD 42,427.27 Million in revenues by 2027.

The EMR-EHR market revenues are projected to grow during the forecast period driven by an increase in EHR adoption in various hospitals due to modernization efforts. The global EHR-EMR market share is expected to be transformed by the rising use of EHR-EMR in the APAC region due to greater access to funding.

The central players in the EHR-EMR market are Allscripts Healthcare Solutions (US), Advanced Data Systems Corporation (US), Athenahealth, Inc. (US), GE Healthcare (US), AdvancedMD (US), eClinicalWorks (US), and Cerner Corporation (US).

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The segmental study of the EHR-EMR market is carried out on the basis of

  • Component
  • Application
  • Mode of delivery
  • End user
  • Region

Detailed Regional Analysis

The regional overview of the EHR-EMR market is conducted based on Europe, America, Asia Pacific, Africa, and the Middle East. The North American regional market governs the EHR-EMR market in North America. It accounted for a significant market share due to the region's important actors and technologically superior healthcare infrastructure. The region is expected to see widespread use of electronic health records (EHRs) and electronic medical records (EMRs) (EMR). Europe is the EHR second-largest EMR's market. Market growth is aided by the increased prevalence of chronic diseases and expanding government support for electronic health records (EHR)/electronic medical records (EMR).  Throughout the projection period, Asia-Pacific is anticipated to witness a peak CAGR of 6.77 percent. The Asia-Pacific region's dominance originates mainly from a growing awareness of electronic health record systems and their increasing importance and accommodating federal programs and laws.

Competitive Analysis

The need to establish a quick and profitable management strategy is predicted to impact the market in the near future. In the subsequent years, the requirement to ameliorate losses incurred by the current public health crisis is projected to be the exclusive focus of market applications. In particular, there will be a need to provide a helping hand to enterprises in the approaching phase. The market's conflict between demand and supply is investigated to generate a measured development framework. In the coming future, competitors' potential to stimulate market transformation will proceed to grow at a steady rate. Since the market requires an additional drive to achieve consistency in such a situation, cooperation from administrative authorities and governments is increasing. The focus on transformation is forecast to expand in the following years, as user expectations must be addressed more effectively to recover the global market.

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1 Executive Summary

2 Market Introduction

2.1 Definition 19

2.2 Scope Of The Study 19

2.3 Assumptions Limitations 19

2.3.1 Assumptions 19

2.3.2 Limitations 19

2.4 Market Structure 19

3 Research Methodology

3.1 Research Process 21

3.2 Primary Research 22

3.3 Secondary Research 23

3.4 Market Size Estimation 23

3.5 Forecast Model 24

4 Market Dynamics

4.1 Introduction 26

4.2 Drivers 26

4.2.1 Increasing Adoption Of EHR (Electronic Health Record)/EMR (Electronic Medical Record) 26

4.2.1 Government Initiatives For The Maintenance Of Patients’ Electronic Health Records 27

4.2.2 Clinical Benefits Associated With The Application Of EHR-EMR Is Estimated To Boost The Market 27

4.2.3 Drivers Impact Analysis 28

4.3 Restraints 28

4.3.1 High Cost Of Implementing EMR EHR Followed By The Need For Training 28

4.3.2 Data Security Concerns 28

4.3.3 Restraints Impact Analysis 29

4.4 Opportunities 29

4.4.1 Growing Adoption Of EHRs-EMRs In Untapped Markets Of Asia-Pacific Provides Opportunities For The Market To Grow 29

TOC Continued...

Industry Updates:

Nov 2021 To improve care coordination, a federally qualified health center (FQHC) in Kentucky is using an EHR from eClinicalworks. Every year, Family Health Centers Inc. (FHC) serves 43,000 patients regardless of their health insurance status or financial ability to pay. FHC will be able to manage patient medical, dental, and behavioral information from a single source across eight facilities in the Louisville metro area due to the EHR deployment.

Oct 2021 To improve clinical decision support, Somo Medical Center in Palm Beach County, Florida, has initiated a cloud-based EHR rollout from health IT vendor eClinicalWorks (CDS). The HITRUST-certified cloud infrastructure of the health IT vendor will give physicians secure access to integrated patient health data and support ongoing security and data privacy enhancements without the hassles of data backup and server upgrades.

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