Electronic Medical Record Market By Mode of Delivery (Web/Cloud based System and On Premise System), By Component (Services, Software and Hardware), By End user (Hospitals, Ambulatory Care Centers, Clinics and Others) and By Region - Trends, Analysis and Forecast till 2034

Electronic Medical Record Market was valued at USD 30.26 Billion in 2024 and is projected to grow at a CAGR of 4.10 % to reach USD 45.2 Billion by 2034.

Electronic Medical Record Market is focused on providing patient-centred records to authorized users securely and promptly in a digital format. Additionally, it records the patients' medical and therapeutic histories.

The increasing technological developments in this domain are one of the major factors leading to the growth of the Electronic Medical Record Market. The rising adoption and preference for an all-digital patient health report and digital records of medical and treatment histories is also contributing a lot to the growth of the target market. Additionally, the rising popularity of cloud-based EHR software to create patient health records that are entirely digital is also boosting the growth of the Electronic Medical Record Market.

For instance, according to EHR Intelligence, a majority of small community hospitals are contemplating switching over from costly in-house EHRs to more affordable cloud-based EHRs.

                    For More Report Details, Download Free Sample PDF

Drivers and Restrains:

The rising use and adoption of EMR technology by healthcare providers worldwide is anticipated to fuel the growth of the Electronic Medical Record Market. They are useful during a lot of significant procedures like insurance claims, managing payments, schedule patient visits and recording of patient health data.

• For instance, in May 2018, an ophthalmology business, Novartis Ag, a subsidiary of Alcon, announced the probability to create the SMART Suite digital health platform for cataract surgery utilising data generated by electronic medical records.

Advantages and benefits brought by EMR Systems to boost the target market growth

The numerous advantages and benefits brought by the EMR systems to the users are another major factor boosting the growth of the target market. Without the need for costly hardware and software upgrades, cloud computing enables healthcare organizations to extend their IT infrastructure rapidly and easily. As a result, healthcare providers are able to extend their service areas and handle an increase in patient load without having to make substantial capital investments.

Furthermore, cloud-based solutions can assist healthcare organizations in adhering to the stringent data protection requirements set out by HIPAA and other governing authorities.

• For instance, in November 2022, according to Healthcare Innovation, it was reported that the cloud model had been chosen by over 70 hospitals across 34 states and territories in the past four years.

Restrains:

High Cost associated with the Implementation and Maintenance of the EMR Systems is the key factor restraining the growth of the target market.

• For instance, in October 2016, according to an article published in PubMed Central, it was reported that an EHR system will cost a five-person practice about $162,000 in the first year and $85,000 in maintenance fees. For a single hospital, these expenditures may potentially exceed millions of dollars which in turn hampered the market growth.

Electronic Medical Record Market is segmented based on Mode of Delivery, Component, End User, and Region.

Mode of Delivery Insight

On the basis of Mode of Delivery, Electronic Medical Record Market is segmented into Web/Cloud based System and On Premise System. The Web/Cloud based mode of delivery segment is expected to dominate the growth of the target market due to its increasing popularity among healthcare providers, doctors working on a smaller scale.

Component Insights

On the basis of Components, the electronic medical record market is segmented into services, software, and hardware.

End-Users Insights

On the basis of End-Users, Electronic Medical Record Market is segmented into Hospitals, Ambulatory Care Centers, Clinics and Others. The Hospitals end-user segment is expected to dominate the growth of the target market, owing to the increasing need of storing a huge amount of patient data, increasing burden of patient admissions, as well as due to an increasing number of surgical procedures.

Regional Insights:

On the basis of Region, the Electronic Medical Record Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America region segment is expected to dominate the target market growth in the near future, owing to their growing usage of electronic medical records in healthcare settings, advancements in technology, improved healthcare facilities as well as research and development programs. 

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Electronic Medical Record Market report based on Mode of Delivery, Component, End-User and Region:

Electronic Medical Record Market, By Mode of Delivery:

• Web/Cloud based System
• On Premise System

Electronic Medical Record Market, By Component:

• Services
• Software
• Hardware

Electronic Medical Record Market, By End-Users:

• Hospitals
• Ambulatory Care Centers
• Clinics
• Others

Electronic Medical Record Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Electronic Medical Record Market includes, eClinicalWorks, McKesson Corporation, Change Healthcare, Cerner Corporation, Allscripts, Meditech, GE Healthcare, Epic, Next Gen Healthcare, Vitera, and Greenway.

Recent Development:

• In March 2023, the TGH Urgent Care powered by Fast Track clinics successfully transitioned to a new electronic medical record system which would help enhance patient care by safely securing the stored patient information.
• In December 2022, CRCH (Charles River Community Health) announced their transition to the Epic Electronic Health Records (HER) System; which would provide the patients with improved care as well as an access to an online patient portal.
• In November 2021, the digital care provider MyHealthcare, in Gurgaon, launched EMR (Electronic Medical Record) Systems to help maintain the database of their patients and help assist doctors and healthcare workers working in the field of cardiology, obstetrics and gynaecology.

• eClinicalWorks
• McKesson Corporation
• Change Healthcare
• Cerner Corporation
• Allscripts
• Meditech
• GE Healthcare
• Epic
• Next Gen Healthcare
• Vitera
• Greenway