Summary
The global Electronic Medical Record 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.
An electronic medical record (EMR) software aids in the collection and management of electronic patient data. EMR software offers several advantages such as less paperwork, fewer storage issues, and higher quality of care that leads to better healthcare outcomes. These advantages are expected to boost growth of the global electronic medical record (EMR) software market over the forecast period.
Increasing healthcare expenditure is expected to boost growth of the global electronic medical record software market over the forecast period. For instance, according to Saudi Arabia government data, healthcare and social development expenditure reached US$ 45.9 billion in 2019. Moreover, increasing the adoption of integrated healthcare solutions is expected to propel growth of the global electronic medical record software market over the forecast period. For instance, in December 2019, Sectra, a medical imaging IT and cybersecurity company, collaborated with Leica Biosystems developing an integrated clinical pathology solution. The Sectra digital pathology software solution is expected to facilitate integration with leading pathology information systems and EMRs.
However, privacy and security concerns that are related to EMR software are expected to limit growth of the global electronic medical record software market.
Increasing prevalence of chronic diseases is expected to offer lucrative growth opportunities for market players over the forecast period. For instance, according to Alzheimer’s Research UK, the number of people with dementia globally is estimated to be 50 million and is expected to nearly triple by 2050. Moreover, the development of cloud-based EMR is also expected to propel growth of the global electronic medical record software market. For instance, in February 2020, RamSoft demonstrated its RamSoft, a cloud-based solution that offers EMR integration and open access to imaging data, at the 2020 Healthcare Information and Management Systems Society (HIMSS) meeting.
Major players in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in July 2018, AdvancedMD acquired U.S.-based healthcare software as a service company, Nuesoft Technologies, in order to expand its cloud network of practitioners and physicians that utilize end-to-end workflow automation.
Key Takeaways:
- Increasing healthcare expenditure to augment growth of the global electronic medical record software market over the forecast period
- Privacy and security concerns that are related to EMR software to hamper growth of the market
- Major players operating in the global electronic medical record software market include AdvancedMD, McKesson, NueMD, Cerner, Advanced Data Systems, Allscripts, CompuGroup, EpicCare, LeonardoMD, General Electric, Core Solutions, Elation Health, Meditech, Nextech, and Praxis
The Electronic Medical Record 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 Electronic Medical Record 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
- McKesson
- NueMD
- Cerner
- Advanced Data Systems
- Allscripts
- CompuGroup
- EpicCare
- LeonardoMD
- GE
- Core Solutions
- Elation Health
- Meditech
- Nextech
- Praxis
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 Electronic Medical Record Emr Software Market Report:
- To assess the size of the market by value and volume
- Analyze the Electronic Medical Record 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 Electronic Medical Record 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 Electronic Medical Record Emr Software Market
The Electronic Medical Record 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 Electronic Medical Record 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 are 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 the 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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