Global Electronic Medical Record Market Overview
Introduction:
Electronic Medical Record Market was valued at US$ 30.26 Billion in 2024 and is projected to grow at a CAGR of 4.10 % to reach US$ 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.
Global Electronic Medical Record Market Dynamics
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 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.
Global Electronic Medical Record Market Segmentation
Electronic Medical Record Market is segmented based on Mode of Delivery, By Component, End User and by 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 Component, 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:
|
Attribute |
Details |
|
Base year for estimation |
2023 |
|
Forecast period |
2024 – 2034 |
|
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
|
Market Segmentation |
By Mode of Delivery - Web/Cloud Based System and On Premise System By Component - Services, Software and Hardware
By End-Users - Hospitals, Ambulatory Care Centers, Clinics and Others |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
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
Global Electronic Medical Record Market Key Players
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.
Global Electronic Medical Record Market Key Issues Addressed
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.
Global Electronic Medical Record Market Company Profile
- eClinicalWorks *
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- McKesson Corporation
- Change Healthcare
- Cerner Corporation
- Allscripts
- Meditech
- GE Healthcare
- Epic
- Next Gen Healthcare
- Vitera
- Greenway
“*” marked represents similar segmentation in other categories in the respective section
Global Electronic Medical Record Market Table of Contents
Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Mode of Delivery
- Market Snippet, By Component
- Market Snippet, By End user
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
Market Segmentation, By Mode of Delivery, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Web/Cloud based System
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- On Premise System
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Market Segmentation, By Component, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Services
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Software
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Hardware
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Market Segmentation, By End user, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Hospitals
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Ambulatory Care Centers
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Clinics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Mode of Delivery, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End user, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Mode of Delivery, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End user, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Mode of Delivery, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End user, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Mode of Delivery, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End user, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Mode of Delivery, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End user, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
Company Profiles
- McKesson Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Change Healthcare
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Cerner Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Allscripts
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Meditech
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- GE Healthcare
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Epic
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Next Gen Healthcare
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Vitera
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Greenway
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
The Last Word
- Future Impact
- About Us
- Contact
FAQs
Global Electronic Medical Record Market is segmented, By Mode of Delivery (Web/Cloud based System and On Premise System), By Component (Services, Software and Hardware), and By End user (Hospitals, Ambulatory Care Centers, Clinics and Others)
Important driver responsible for growth of electronic medical record market is increasing prevalence of chronic disease such as cancer, COPD, diabetes and cardiovascular disease. Furthermore, increasing number of deaths due to those diseases also supports the growth of electronic medical record market.
Key players operating in the global electronic medical record market include eClinicalWorks, McKesson Corpoartion, Change Healthcare, Cerner Corporation, Allscripts, Meditech, GE Healthcare, Epic, Next Gen Healthcare, Vitera, and Greenway.
The Electronic Medical Record Market is segmented into Mode of Delivery, Component, End User and Region.
Electronic Medical Record Market is driven by factors like rising use of EMR systems worldwide and increasing healthcare expenditures and funds by non-government and government organizations.
By region, the Electronic Medical Record Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American market is estimated to witness a significantly high revenue share over the forecast period.
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.
Electronic Medical Record Market was valued at US$ 30.26 Billion in 2024 and is projected to grow at a CAGR of 4.10 % to reach US$ 45.2 Billion by 2034.