EHR-EMR Market SWOT Analysis, Dynamics, Drivers, Key Indicators and Forecast 2030

EHR EMR Market Highlights

Increasing adoption of EHR/EMR among healthcare providers is driving the growth of the market. According to the Office of the National Coordinator for Health Information Technology (ONC), electronic medical records (EMR) are digital versions of paper charts in clinicians’ office. They typically contain medical and treatment history of patients. On the other hand, EHRs are designed to reach out beyond the health organizations that originally collect and compile information. EHRs have the capacity to share information between healthcare providers, laboratories, specialists, etc.

The EHR-EMR market is estimated to be valued at USD 42,427.27 million by 2027 and expected to grow at a CAGR of 5.82% during the forecast period. Application of EHR-EMR in hospital & clinics accounted for the largest HER-EMR market share. However, ambulatory care has been projected to grow at the highest CAGR on account of increasing demand for specialized treatment.

In recent years, the application of healthcare IT in the medical sector has resulted in a parallel adoption of EHR-EMR. According to the updated factsheet of 2017 published by the Canters for Disease Control and Prevention, it was estimated that ~86.9% of the office-based physicians used EMR/EHR systems.

Segment analysis

The global EHR-EMR Market has been segmented based on components, application, mode of delivery, end-user, and region. Based on component, the market is divided into software, services & consulting, and hardware. Software involves various provisions of sharing medical records by the application of telecommunication and information technologies to remotely located patients. In addition, the National Centre for Health Statistics (NCHS) reported the increase in the adoption of EHR software by primary care physicians such as general practitioners, paediatricians, and obstetricians or gynaecologists from 72.1% in 2013 to 78.6% in 2014, thus amplifying the growth of the global EHR-EMR market.

Based on applications, the market has been divided into specialty based and general applications. Further, based on specialty, the market is segmented into cardiology, neurology, radiology, oncology, and others. In 2016, the cardiology segment held the largest segment of the market. For instance, according to the centres for Disease Control and Prevention in 2015, coronary heart disease killed approximately 366,000 people in the US. This can be attributed to the increasing prevalence of cardiovascular diseases.

Based on mode of delivery, the global EHR-EMR market consists of two segments, namely, on-premises and cloud-based. Most of the health record-based services are located within the organizational boundaries of hospitals, clinics, and others. Further, the Health Care Intranet Technologies (HCIT) offers cloud-based and on-premises health information management across all computer systems and secure exchange of health information between consumers, providers, and payers. As per the National Centre for Health Statistics (NCHS) department at the Centre for Disease Control and Prevention (CDC), the adoption of EHR by office-based physicians was increased by 6.6% from 2013 to 2014, in the US. This growing adoption of EHR systems is contributing to the growth of the global EHR-EMR market.

Regional Analysis

Geographically, the Global EHR-EMR Market research report is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas is likely to dominate the global EHR-EMR Market owing to the increasing adoption of healthcare IT and favourable incentive programs.

Europe is the second largest market for EHR-EMR. On a regional basis, Europe is segmented into Western Europe and Eastern Europe. Western Europe is estimated to lead market growth during the forecast period. The increasing prevalence of chronic diseases and rising government support for the adoption of electronic health record (EHR)/electronic medical record (EMR) facilitate the market growth within the region.

Asia-Pacific is predicted to be the fastest growing market during the forecast period. In the Asia-Pacific EHR-EMR market, Japan is commanding the largest share and is followed by China and India. In China, the market is influenced by rising geriatric population and extensive use of healthcare IT. Emerging economies, such as Singapore, Australia, India, and China, are the most lucrative markets due to the rising elderly population, increasing patient pool, and improving healthcare facilities. The increasing awareness about electronic healthcare record systems and their growing importance coupled with the supportive government programs and policies are going to boost up the market.

Key Players

The global EHR-EMR Market Players are GE Healthcare (US), Allscripts Healthcare Solutions (US), Cerner Corporation (US), Advanced Data Systems Corporation (US), Athenahealth, Inc. (US), AdvancedMD (US), eClinicalWorks (US).

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