Electronic Medical Record Market Value Is Estimated to Reach USD 28.9 BN By 2028, With 5.30% CAGR – Credence Research

August 09 22:38 2022
Electronic Medical Record Market Value Is Estimated to Reach USD 28.9 BN By 2028, With 5.30% CAGR - Credence Research
The key players in the global electronic medical record market in terms of value are Cerner Corp, NextGen Healthcare Information Systems, LLC, McKesson Corporation, Greenway Health, LLC, Medical Information Technology Inc., Epic Systems Corporation, and G.E. Healthcare.

The latest market report published by Credence Research, Inc. is “Global Electronic Medical Record Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028″. The Global Electronic Medical Record Market generated around USD 21.2 billion in 2021 and is anticipated to grow a CAGR of over 5.30% during the forecast period from 2022 to 2028 to reach around USD 28.9 billion in 2028. At the same time, the cumulative growth opportunity presented by the global Electronic Medical Record is around USD 7.7 billion from 2022 to 2028.

The expanding digitalization, which has coincided with the tremendous global growth of the IoT in the healthcare (IT) industry, is one of the main factors supporting the market’s upbeat outlook. Implementing cloud-based EMR solutions, among other technological advancements, is another factor driving expansion. Patients can benefit from these technologies’ high-quality care and enhanced security against data interruption caused by errors or accidents. Another factor influencing the market is the aging population, which is more prone to chronic medical disorders and the rising incidence of these conditions. To make it simpler for patients to take part directly in the recording process, patient-centric EMR systems are being employed increasingly frequently. However, a medical facility must invest a sizeable sum of money in implementing electronic health record systems. The program must be adjusted to the medical institution’s needs and operational procedures to utilize the technology properly. In addition, a significant amount of time and money is spent on staff training, which limits the market’s growth. A shortage of competent specialists in developing countries could be a hindrance to growth and security and privacy concerns. 

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Electronic Medical Record Market Scope

Report Attribute

Details

Market Value in 2021

USD 21.2 billion

Market Value in 2028

USD 28.9 billion

CAGR

5.30%

Benchmarking Year

2021

Past data

2016 – 2021

Forecast period

2022 – 2028

The global Electronic Medical Record market is segmented into product, end-use, components, delivery mode, and Geography. Based on product, the market is categorized into Hospital and Ambulatory. Based on end use, the market is segmented into Hospitals, General Physician Clinics, Specialized Clinics, and Ambulatory Surgical Centers. Based on components, the market is segmented into Software and Services. Based on delivery mode, the market is segmented into Client Server Setup, Cloud-based Setup, and Hybrid Setup. Based on geography, the Electronic Medical Record market is segmented as North America, Europe, Asia Pacific, Latin America and the Middle East, and Africa.

Segmentation of Global Electronic Medical Record Market-

Global Electronic Medical Record Market – By Product

  • Hospital
  • Ambulatory

Global Electronic Medical Record Market – By End Use

  • Hospitals
  • General Physician Clinics
  • Specialized Clinics
  • Ambulatory Surgical Centres

Global Electronic Medical Record Market – By Components

  • Software
  • Services

Global Electronic Medical Record Market – By Delivery Mode

  • Client Server Setups
  • Cloud-based Setups
  • Hybrid Setups

Why to Buy This Report-

  • The report provides a qualitative and quantitative analysis of the global Electronic Medical Record market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-to 2020, base year- 2021, and forecast period 2022-2028.
  • The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level.
  • In-depth analysis of the global market segmentation based on product, end-use, components, and delivery mode.
  • Research and development investments by the government as well as significant players.
  • The global Electronic Medical Record market report includes global, regional, and country-level analysis, key market trends, significant players analysis, market growth strategies, and critical application areas.

Table Of Content:

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Review

1.3.4. Approach Adopted

1.3.4.1. Top-Down Approach

1.3.4.2. Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Segmentation

2. Executive Summary

2.1. Market Snapshot: Global Electronic Medical Record Market

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Electronic Medical Record Market Value, 2016-2028, (US$ Bn)

3.2. Market Dynamics

3.2.1. Key Growth Trends

3.2.2. Major Industry Challenges

3.2.3. Key Growth Pockets

3.3. Attractive Investment Proposition,2021

3.3.1. Product

3.3.2. End Use

3.3.3. Components

3.3.4. Geography

3.4. Porter’s Five Forces Analysis

3.4.1. Threat of New Entrants

3.4.2. Bargaining Power of Buyers/Consumers

3.4.3. Bargaining Power of Suppliers

3.4.4. Threat of Substitute Types

3.4.5. Intensity of Competitive Rivalry

3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021

4.1. Company market share of key players, 2021

4.2. Competitive Benchmarking

4.3. Geographical Presence Analysis

4.4. Major Strategies Adopted by Key Players

4.4.1. Key Strategies Analysis

4.4.2. Mergers and Acquisitions

4.4.3. Partnerships

4.4.4. Product Launch

4.4.5. Geographical Expansion

4.4.6. Others

5. COVID 19 Impact Analysis

5.1. Global Electronic Medical Record Market Pre Vs Post COVID 19, 2019 – 2028

5.2. Impact on Import & Export

5.3. Impact on Demand & Supply

6. North America

6.1. North America Electronic Medical Record Market, by Country, 2016-2028(US$ Bn)

6.1.1. U.S.

6.1.2. Canada

6.1.3. Mexico

6.2. North America Electronic Medical Record Market, by Product, 2016-2028(US$ Bn)

6.2.1. Overview

6.2.2. Hospital

6.2.3. Ambulatory

6.3. North America Electronic Medical Record Market, by End Use, 2016-2028(US$ Bn)

6.3.1. Overview

6.3.2. Hospitals

6.3.3. General Physician Clinics

6.3.4. Specialised Clinics

6.3.5. Ambulatory Surgical Centres

6.4. North America Electronic Medical Record Market, by Components, 2016-2028(US$ Bn)

6.4.1. Overview

6.4.2. Software

6.4.3. Services

7. Europe

…..

8. Asia Pacific

…….

9. Latin America

……..

10. Middle East

…….

11. Africa

11.1. Africa Electronic Medical Record Market, by Country, 2016-2028(US$ Bn)

11.1.1. South Africa

11.1.2. Egypt

11.1.3. Nigeria

11.1.4. Rest of Africa

11.2. Africa Electronic Medical Record Market, by Product, 2016-2028(US$ Bn)

11.2.1. Overview

11.2.2. Hospital

11.2.3. Ambulatory

11.3. Africa Electronic Medical Record Market, by End Use, 2016-2028(US$ Bn)

11.3.1. Overview

11.3.2. Hospitals

11.3.3. General Physician Clinics

11.3.4. Specialised Clinics

11.3.5. Ambulatory Surgical Centres

11.4. Africa Electronic Medical Record Market, by Components, 2016-2028(US$ Bn)

11.4.1. Overview

11.4.2. Software

11.4.3. Services

12. Global

12.1. Global Electronic Medical Record Market, by Product, 2016-2028(US$ Bn)

12.1.1. Overview

12.1.2. Hospital

12.1.3. Ambulatory

12.2. Global Electronic Medical Record Market, by End Use, 2016-2028(US$ Bn)

12.2.1. Overview

12.2.2. Hospitals

12.2.3. General Physician Clinics

12.2.4. Specialised Clinics

12.2.5. Ambulatory Surgical Centres

12.3. Global Electronic Medical Record Market, by Components, 2016-2028(US$ Bn)

12.3.1. Overview

12.3.2. Software

12.3.3. Services

13. Company Profiles

13.1. Cerner Corp

13.2. NextGen Healthcare Information Systems LLC

13.3. McKesson Corporation

13.4. Greenway Health, LLC

13.5. Medical Information Technology Inc.

13.6. Epic Systems Corporation

13.7. G.E. Healthcare

……….

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