Electronic health record (EHR)/electronic medical record (EMR) software is accountable for storing relevant data of patients including their medical history. This can prove valuable to doctors in coming to the right prognosis. The global EHR-EMR market report contains pertinent insights, trends, and opportunities for device manufacturers with ample data backed by statistics and news confirmed by reputed agencies. It outlines predictions for the period of 2017 to 2027 (forecast period).

EHR EMR Market Scope

The global EHR-EMR market size is reportedly about to touch USD 42,427.27 million by 2027. It can exhibit a stellar CAGR of 5.82% over the forecast period. Benefits of EHR-EMR systems which can improve patient outcomes can drive its adoption greatly. According to the Health.IT website, an agency serving the U.S. government, close to 96% hospitals have adopted EHR-EMR systems in 2017. This is an indicator of healthcare organizations and their need to adopt advanced technology for improving patient experience.

Adoption of practice management software by private clinics with integrated EHR-EMR features which contain patient data as well as regulate patient queues for easy appointments can bode well for the market. The large patient volume can be handled with ease without any burden on the existing work staff. Micro factors such as high productivity and employee satisfaction can positively impact the global EHR-EMR market demand.

But high costs of implementation of EHR-EMR software and concerns of data privacy can hamper market growth.

The final version of the report will feature a section highlighting the Impact of Covid-19 in EHR EMR Market

EHR EMR Market Segmentation

The global EHR-EMR market is segmented by component, application, mode of delivery, and end-user.

On the basis of component, the market is divided into software, services & consulting, and hardware. The software segment is the expected to exhibit the fastest growth till 2027. It is expected to reach a value of USD 25,823.57 million by 2027. Software companies serving the EHR-EMR end-user base have animated patient cards, task donuts, and a separate dashboard to segregate the important data. Hardware for these systems include tablet PC, laptop, desktop, and workstations. All the hardware is adopted as per the comfort of employees and affordability of employers. The services & consulting segment comprises consultants adept at imparting product knowledge to clients and improving their processes and productivity rate. Offerings of customization are predicted to drive the segment growth during the forecast period.

Applications covered include general applications and specialty-based. Out of the two, the specialty-based segment is the fastest-growing at a CAGR of 6.02% during the forecast period. Doctors specializing in certain areas need specific systems or software tailored for their users. EHR-EMR software developers offer customized services to specialists with various templates suited for their practice. This segment is further segmented into neurology, radiology, cardiology, oncology, and others. The cardiology segment held the largest share of the specialty-based segment in the global EHR-EMR market in 2016. This can be attributed to the high rate of incidence of cardiovascular diseases. In 2015, coronary heart disease accounted for the deaths of close 366,000 people in the US, according to the Center for Disease Control & Prevention (CDC).

The mode of delivery comprises on-premises and cloud-based. The on-premises segment currently holds close to 55% share of the global EHR-EMR market. This can be attributed to the control given to end-users over storage and management of patient health data. On the other hand, the cloud-based segment can gradually have a lion’s share of the market owing to its ability to scale without additional costs.

By end-user, the global EHR-EMR market is segmented into diagnostic centers, hospital & clinics, and ambulatory care.

EHR EMR Market Regional Analysis

The Middle East & Africa (MEA), Americas, Europe, and Asia Pacific (APAC) are regions covered in the global EHR-EMR market report.

The Americas are anticipated to dominate the global market till 2027. The region comprises North America and South America, out of which North America held for a sizeable market share in 2017. Presence of leading market players and advanced healthcare infrastructure are major factors driving market share.

APAC can exhibit a CAGR of 6.77% during the forecast period owing to awareness of EMR systems and the importance of their adoption outlined by supportive government policies.

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EHR EMR Market Competition

GE Healthcare, Allscripts Healthcare Solutions, Cerner Corporation, Advanced Data Systems Corporation, Athenahealth, Inc., AdvancedMD, eClinicalWorks, and others are major players of the global EHR-EMR market.