The Hospital EMR Systems Market Size was valued at USD 17.86 billion in 2023 and is expected to reach USD 36.01 billion by 2032 and grow at a CAGR of 8.1% over the forecast period 2024-2032.
EMRs, or electronic medical records, are the digital counterparts to paper records or charts in a doctor's office. EMR systems for hospitals are available in a range of configurations, including hardware, software, and services, and can be installed on-premise or in the cloud. Using an EMR, many healthcare providers can track patient data over a lengthy period of time. It can assist identify patients who need preventive exams and screenings, as well as maintain track of how each patient performs against particular criteria such as blood pressure readings or vaccinations. The goal of electronic medical records (EMRs) is to help organizations provide more efficient and precise treatment.
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DRIVERS
Government assistance in the implementation of EMR solutions
Increasing patient volume as a result of the global COVID-19 outbreak
The need to contain rising medical services cost.
RESTRAINTS
Significant infrastructure development investments are required, as well as a hefty implementation cost.
In developing nations, there is a hesitancy to utilize EMR solutions.
OPPORTUNITIES
Demand for cloud-based EHR systems is increasing.
A shift in healthcare delivery that is more patient-centered
CHALLENGES
Problems with interoperability
concerns about data security
The pandemic of COVID-19 has a favourable effect on the healthcare information system business. Clinical specialists can assess and analyse patients, e-prescribe drugs and therapies, and spot changes in their diseases using hospital information systems that allow for remote consultations. The COVID-19 pandemic is giving great opportunity to hospital information systems as a result of social distance being the sole known approach for reducing COVID-19 exposure. In this sense, telemedicine becomes a more appealing, powerful, and practical choice. Furthermore, this advancement is crucial in safeguarding the safety of healthcare workers.
Higher patient volume due to the global COVID-19 epidemic, the need to control rising healthcare costs, government mandates and support to boost hospital EMR solution usage, and government requirements and support to boost hospital EMR solution adoption are all drivers driving market expansion. The usage of hospital EMR systems is further boosted by stringent adherence to government laws and legislation aimed at simplifying patient care, such as the Health Insurance Portability and Accountability Act.
These technologies boost reporting capabilities, enabling for early detection of potentially dangerous outbreaks or treatment-related issues. Increased awareness of the system's numerous advantages is likely to drive market expansion. The use of Big Data in conjunction with hospital EMR systems to find trends such as illness risk factors is driving the market for hospital EMR systems.
Increased demand for cloud-based EHR solutions, and a shift toward patient-centric healthcare delivery systems, are further potential driving the market forward.
Nevertheless, during the projected period, the high deployment costs of EMR systems and data security concerns may limit market growth to some extent.
By Component type
The market is divided into three categories: services, software, and hardware. Part of the services dominated the market for EMR programs at the hospital. The repeated emergence of resources that include training and teaching, placement, counseling, and care, and an increase in the number of hospitalized patients, are encouraging growth in the area.
By Delivery Mode
On-premise and cloud-based solutions are separated in the market. During the projected period, the cloud-based category is anticipated to develop at the fastest rate. As more hospitals switch from on-premise to cloud-based EMR systems, the market for these systems is growing.
By Type
There are two types of EMR systems on the market: general EMR and speciality EMR. The market for hospital EMR systems was dominated by the general EMR solutions sector. The multifunction, multi-specialty highlights of general EMRs, which empower their utilization in various claims to fame through adaptable working and included modules, represent a significant extent of this market classification.
By Hospital Size
Small and medium-sized hospitals, as well as major hospitals, make up the hospital EMR systems market. The sector of small and medium-sized hospitals held the biggest share of the hospital EMR systems market. The rapid acceptance of EMRs at small and medium-sized hospitals can be ascribed to factors like the simplicity of transferring patient data across healthcare professionals, cheaper initial costs, and ease of deployment.
By Component type
Software
Services
Hardware
By Delivery Mode
On-premise
Cloud-based
By Type
Specialty EMR Solutions
General EMR Solutions
By Hospital Size
Small and Medium-sized Hospitals
Large Hospitals
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North America led the global hospital EMR systems market, while Europe came in second. A major regional allocation can be attributed to the government's mandate to implement EHR solutions in hospitals; the presence of major EHR vendors in the region, including MEDITECH, Epic Systems Corporation, CPSI, Cerner Corporation, and Allscripts Healthcare Solutions, Inc.; and technological advances in the development of next-generation EHR solutions.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Some of the major key players are as follows: Allscripts Healthcare Solutions, Inc., Cerner Corporation, athenahealth, Inc., Epic Systems Corporation, GE Healthcare, eClinicalWorks, CPSI, MEDITECH, NextGen Healthcare, MEDHOST, and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 17.86 Billion |
| Market Size by 2032 | US$ 36.01 Billion |
| CAGR | CAGR of 8.1% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Component type (Software, Services, Hardware) • By Delivery Mode (On-premise, Cloud-based) • By Type (Specialty EMR Solutions, General EMR Solutions) • By Hospital Size (Small and Medium-sized Hospitals, Large Hospitals) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Allscripts Healthcare Solutions, Inc., Cerner Corporation, athenahealth, Inc., Epic Systems Corporation, GE Healthcare, eClinicalWorks, CPSI, MEDITECH, NextGen Healthcare, MEDHOST, and other players. |
| DRIVERS | • Government assistance in the implementation of EMR solutions • Increasing patient volume as a result of the global COVID-19 outbreak • The need to contain rising medical services cost. |
| RESTRAINTS | • Significant infrastructure development investments are required, as well as a hefty implementation cost. • In developing nations, there is a hesitancy to utilize EMR solutions. |
Ans: The Hospital EMR Systems market size was valued at 17.86 billion in 2023.
Ans: The Hospital EMR Systems Market is to grow at a CAGR of 8.1% over the forecast period 2024-2032.
Software, Services, Hardware are the sub segments of component of Hospital EMR Systems market.
Drivers, Restraints, Opportunities, and Challenges are the factors of marketing dynamics Hospital EMR Systems market.
Allscripts Healthcare Solutions, Inc., Cerner Corporation, athenahealth, Inc., and Epic Systems Corporation, are some of the key players of Hospital EMR Systems market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Hospital EMR Systems Market Segmentation, By Component type
8.1 Software
8.2 Services
8.3 Hardware
9. Hospital EMR Systems Market Segmentation, By Delivery Mode
9.1 On-premise
9.2 Cloud-based
10. Hospital EMR Systems Market Segmentation, By Type
10.1 Specialty EMR Solutions
10.2 General EMR Solutions
11. Hospital EMR Systems Market Segmentation, By Hospital Size
11.1 Small and Medium-sized Hospitals
11.2 Large Hospitals
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13.Company Profiles
13.1 Allscripts Healthcare Solutions, Inc.
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Cerner Corporation
13.3 athenahealth, Inc.
13.4 Epic Systems Corporation
13.5 GE Healthcare
13.6 eClinicalWorks
13.7 CPSI
13.8 MEDITECH
13.9 NextGen Healthcare
13.10 MEDHOST
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share Analysis
14.3 Recent Developments
15.Conclusion
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