Electronic Medical Records Market Overview Along with Competitive Landscape, Company Profiles with Product Details and Competitors and Forecast 2024

Electronic Medical Records Market is the process of conveying a good quality service to customers. focuses on identifying hidden needs or requirements of customers. Report defines the scope of the Electronic Medical Records market, identifying potential of the Electronic Medical Records markets and determining optimal pricing for the market, it encouraging potential customers to purchase, and finding the best distribution methods for delivering to customers.

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Market Overview:

  • – Electronic medical record (EMR) systems are becoming increasingly popular, as the healthcare industry is moving toward digitization. A lot of government initiatives, such as encouraging physicians to adopt electronic health records, investing in training the healthcare information technology workers, and establishing regional extension centers to provide technical and other advices are triggering the EMR market’s growth.
  • – Moreover, factors, like rising need for integrated healthcare system, big data trends in healthcare industry, and technological advancements in the field of data storage are driving the growth of the EMR market. On the other hand, factors, like data privacy concerns, high initial investment, shortage of proper trained staff, and inter-operability issues are the primary restraints in the growth of the electronic medical records mark

    Key Market Trends:

    The Cloud Based Segment Holds the Largest Share in the Electronic Medical Records Market

    Based on mode of delivery, the electronic health record market is further segmented into cloud based and on-premise. Among these, cloud based holds the largest share in the electronic medical records market. This is attributed due to the rise in number of benefits, such as low licensing and start-up cost, low cost of maintenance and infrastructure requirements, and wider accessibility. In addition, a cloud-based EHR system provides enhanced productivity and faster and smoother implementation.

    Based on end user, the electronic health record market is classified into hospital-based EMR and physician-based EMR. Hospital-based EMR held the largest share as an end-user segment in this market. The growth in this end-user segment is attributed to the increasing number of hospitals, globally, and several advantages associated with using EHR and easy availability of patient-centric data.

    North America Dominates the Electronic Medical Records Market, Globally, During the Forecast Period

    The healthcare IT market in the United States is one of the most established markets, compared to other geographical regions. Additionally, most hospitals and clinics in the region have widely implemented EHR solutions, due to stringent regulatory norms. Canada and the United States are the leading countries in this region that have implemented EHR systems. Asia-Pacific is anticipated to grow during the forecast period. Emerging countries, including and China, have been experiencing strong economic growth. Increasing demand for the healthcare IT services and increasing expenditure by the governments in the emerging countries are expected to propel the EHR market in the Asia-Pacific region. In addition, China is the home for producing low-cost electronic components, which is anticipated to attract more investors.

    Globally, governments have advised hospitals and clinics to change conventional health records into an electronic format for better storage of patient data. For instance, the U.S. government is taking initiatives to increase the use of EHR. The Health Information Technology for Economic and Clinical Health (HITECH) Act was authorized as a component of the American Recovery and Reinvestment Act (ARRA). This act was passed in 2009 to advance the utilization of EHR systems, with a specific end goal for modernizing and improving the healthcare system.

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    Major Key Players are as Follows

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

    Scope of the Report:

  • Electronic health record (EHR) is a computerized version of paper record that stores information securely and is visible to other authorized users/practitioners. It is an electronic version of patient medical history, which is maintained and includes all data related to patients care under particular doctor, including demographics, progress notes, problems, medication and vital signs, past medical history, immunizations, laboratory data, and radiology reports.

    Geographical Regions:

    – United States – Canada – Mexico – Germany – United Kingdom – France – Italy – Spain – China – Japan – – Australia – South Korea – GCC – South Africa – Brazil – Argentina.

    Topics such as sales and sales revenue overview, production market share by product type, capacity and production overview, import, export, and consumption are covered under the development trend section of the Electronic Medical Records market report.

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    Reasons to Purchase Electronic Medical Records Market Report Covered:

    • The report examines how Electronic Medical Records market will develop in the future.
    • Studying various views of the Electronic Medical Records market with the help of Porter’s five forces analysis.
    • Analyzing the product type that is probable to control the market and regions that are likely to witness the fastest development during the forecast period
    • Identify the new developments, Electronic Medical Records market shares and strategies employed by the key market players.
    • Competitive landscape including the market share of major players along with the key strategies accepted for growth in the past five years
    • Complete company profiles covering the product offerings, key financial information, current developments, SWOT analysis and strategies employed by the major Electronic Medical Records market players

    Detailed TOC of Electronic Medical Records Market – Growth, Trends, and Forecast (2019 – 2024)

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Initiatives by the Governments
    4.2.2 Technological Advancements
    4.2.3 Low Maintenance and Wider Accessibility
    4.3 Market Restraints
    4.3.1 Data Privacy Concerns
    4.3.2 High Initial Investment
    4.3.3 Shortage of Proper Trained Staff
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Component
    5.1.1 Hardware
    5.1.2 Software
    5.1.3 Services and Consulting
    5.2 End User
    5.2.1 Hospital-based EMR
    5.2.2 Physician-based EMR
    5.3 Functionality
    5.3.1 Basic Systems
    5.3.2 Fully Functional Systems
    5.4 Application
    5.4.1 Specialty Based
    5.4.1.1 Cardiology
    5.4.1.2 Neurology
    5.4.1.3 Radiology
    5.4.1.4 Oncology
    5.4.1.5 Other Applications
    5.4.2 General Applications
    5.5 Type
    5.5.1 Traditional EMRs
    5.5.2 Speech enabled EMRs
    5.5.3 Interoperable EMRs
    5.5.4 Other Types
    5.6 Mode of Delivery
    5.6.1 Cloud Based
    5.6.2 On-premise Model
    5.7 Geography
    5.7.1 North America
    5.7.1.1 US
    5.7.1.2 Canada
    5.7.1.3 Mexico
    5.7.2
    5.7.2.1 Germany
    5.7.2.2 UK
    5.7.2.3 France
    5.7.2.4 Italy
    5.7.2.5 Spain
    5.7.2.6 Rest of
    5.7.3 Asia-Pacific
    5.7.3.1 China
    5.7.3.2 Japan
    5.7.3.3
    5.7.3.4 Australia
    5.7.3.5 South Korea
    5.7.3.6 Rest of Asia-Pacific
    5.7.4 Middle East & Africa
    5.7.4.1 GCC
    5.7.4.2 South Africa
    5.7.4.3 Rest of Middle East & Africa
    5.7.5 South America
    5.7.5.1 Brazil
    5.7.5.2 Argentina
    5.7.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 eClinicalWorks
    6.1.2 McKesson
    6.1.3 Cerner Corporation
    6.1.4 Allscripts
    6.1.5 Meditech
    6.1.6 GE Healthcare
    6.1.7 Epic
    6.1.8 Next Gen Healthcare
    6.1.9 Greenway Health

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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    Contact Info:

    Name: Ajay More

    Email: [email protected] 

    Organization: Absolute Reports

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