EHR-EMR market Covid-19 Analysis Insights by Size, Growth, Trends, Share, Competitive

Market Outlook

Electronic health record (EHR)/electronic medical record (EMR) is defined as an electronic record of patient medical history that contains all relevant administrative, clinical and other miscellaneous data of a patient under a healthcare provider. Market Research Future (MRFR) has published a research report about the global and US EHR-EMR market that observes prosperity for this market at 5.82% CAGR during the forecast period between 2018 and 2027. By value, the market has been figured to be worth USD 42,427.27 MN by the end of the forecast period.

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The critical factor for the global and US EHR-EMR market growth is increasing adoption of EHRs/EMRs for increased efficiency of patient data retrieval and storage. Other important factors enabling the market growth include rising government initiatives for the maintenance of EHRs, fewer medical errors during diagnosis or treatment process, and clinical benefits associated with applications of EHR/EMRs in medical settings. However, the market growth can get hampered due to data security concerns, need for training, and the implementation process that is complex as well as expensive.

Market Segmentation

The global EHR-EMR market has been segmented based on component, mode of delivery, applications, and end users. On the basis of mode of delivery, the market for EHR-EMR is segmented based on cloud-based. Additionally, the market on the basis of applications, is segmented into general application and specialty-based. The global market for EHR-EMR is also covered based on end-users segment which is further split into ambulatory care centers and hospitals and clinics. The EHR-EMR market is also segmented based on components into software and hardware.

The EHR-EMR market growth is supported by factors such as favorable government policies and growing EHR adoption. In recent and current years, the success of the EHR-EMR market has also been examined. In addition, detailed analysis of the various market segments listed above is given in the EHR-EMR market study. It also offers sub-segment analysis to help support businesses participating in the global EHR-EMR industry. By identifying key industry influencers, the study presents diverse business facets. A systematic market overview with a thorough report on potential growth drivers is included in the report.

Industry Segments 

The EHR-EMR market globally has been segmented on the basis of mode of delivery the market is segmented into on-premise and cloud based. On the basis of types which includes perioperative care, emergency care, mobile applications for doctors and nurses and others. The mobile applications for nurses and doctors are available on android platform and iOS.  The other types comprise of patient engagement and wound care.

Regional Analysis

The market for EHR-EMR market around the world includes regions such as Americas, Europe, Asia Pacific and Middle East & Africa which are being analyzed for the regional analysis. The Americas region is the leading market. The rising importance of EHR-EMR, concentration of key market players and rise in the number of services in super specialty & specialty hospitals has increased the progress of this market in the North American region. The European region is the second major market due to the widespread use of healthcare IT for patient administration and engagement. The rapid growth of this market belongs to the Asia Pacific region, which can be credited to the rising emphasis of medical records that can be accessible as evidence in the court of law. The market is displaying stable but positive development in the Middle East & Africa, due to growing demand for software solutions in hospitals globally.

Competitive Landscape

The global EHR-EMR market is highly competitive and is characterized by the presence of a few established players. Many new entrants are keen on entering the market, and the existing players are implementing various strategies such as partnerships, mergers, acquisition, product launches, etc. to sustain their market position. Notable players in the market include Cerner Corporation (U.S), Allscripts (U.S), General Electric Company (U.S), McKesson Corporation (U.S), Epic Systems Corporation (U.S), QSI Management, LLC (U.S), eClinicalWorks (U.S), and Greenway Health, LLC (U.S).

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

5 Market Factor Analysis

5.1 Porters Five Forces Analysis 31

5.1.1 Bargaining Power of Suppliers 32

5.1.2 Bargaining Power of Buyers 32

5.1.3 Threat of New Entrants 32

5.1.4 Threat of Substitutes 32

5.1.5 Intensity of Rivalry 32

5.2 Investment Opportunity Analysis 33

5.3 Value Chain Analysis 33

5.3.1 Inputs 34

5.3.2 Software Development Processes 34

5.3.3 Output 34

5.3.4 Marketing and Distribution 34

5.3.5 Post-Selling Services 34

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half- Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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