Summary
The global Cloud Based EMR Software Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Overview
Cloud-Based EMR Software is a set of applications that help in providing a secure and organized data storage and retrieval system for a business enterprise. The software reduces the costs involved in the acquisition of the software as the employees can log on to the computers at any point in time and get the information they need without the need of accessing the main server. The Cloud-Based EMR software also allows a user to have complete control over the data security aspects. Once the data has been stored, the user can restrict its access by using various passwords. The global cloud-based EMR software market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global cloud-based EMR software market is expected to witness significant growth during the forecast period, owing to increasing need to curb rising healthcare costs.
Market Drivers
Growing patient volume due to the global outbreak of the COVID-19 pandemic is expected to drive growth of the global cloud-based EMR software market during the forecast period. According to the World Health Organization (WHO), as of March 9, 2021, there were around 116,874,912 confirmed cases of COVID-19 and 2,597,381 deaths across the globe. Such a massive surge of patients has increased the adoption of EMR software in hospitals to efficiently manage patient data. Thus, these factors are expected to drive growth of the global cloud-based EMR software market during the forecast period. Furthermore, increasing need to curb rising healthcare costs is expected to propel the global cloud-based EMR software market growth over the forecast period.
Market Restraints
Reluctance to adopt EMR solutions in emerging economies is expected to hamper the global cloud-based EMR software market growth over the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global cloud-based EMR software market during the forecast period. This is owing to the early adoption of healthcare information technology solutions in the region. Furthermore, Europe is expected to register a robust growth rate, owing to increasing use of mobile devices and increasing deployment of electronic solutions across hospitals in the region.
Competitive Section
Key players involved in the global cloud-based EMR software market are AdvancedMD, Bizmatics, ChartLogic, CareCloud, NextGen Healthcare, Practice Fusion, InSync, ChiroTouch, The Valant Behavioral Health EHR, and Compulink Healthcare Solutions.
For instance, in April 2020, ChartLogic launched an integrated telehealth component to its ChartLogic electronic health record (EHR) for ambulatory practices.
The Cloud Based EMR Software Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Cloud Based EMR Software Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- AdvancedMD
- DrChrono EHR
- athenahealth EHR
- NextGen Healthcare
- Kareo Clinical EHR
- Bizmatics
- Compulink Healthcare Solutions
- The Valant Behavioral Health EHR
- Practice Fusion
- CareCloud
- ChartLogic
- zHealth EHR
- ChARM EHR
- ChiroTouch
- WebPT
- Modernizing Medicine
- InSync
- AllegianceMD
- Practice EHR
- patientNOW
By the Product Type, the market is primarily segmented into:
By Applications, the market is segmented into:
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Cloud Based EMR Software Market Report:
- To assess the size of the market by value and volume
- Analyze the Cloud Based EMR Software Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Cloud Based EMR Software Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Cloud Based EMR Software Market
The Cloud Based EMR Software Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Cloud Based EMR Software Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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