Electronic Medical Records (EMR) Market Growth Opportunities and Forecast to 2033

 The global Electronic Medical Records (EMR) Market size is expected to be worth US$ 17.6 Billion in 2023, rising to US$ 32.3 Billion by 2033. The adoption of electronic medical records (EMR) is anticipated to grow at a CAGR of 6.2% during the forecast period.


Global market growth for electronic medical records (EMR) is estimated to be fueled by increased healthcare spending by non-government and governmental entities over the forecast period. The market for electronic medical records is expected to expand as a result of increased healthcare spending. Due to the need for scalability, multiple healthcare providers purchase electronic health records as software-as-a-service.

To learn more about this report @ https://www.futuremarketinsights.com/reports/electronic-medical-records-market

The market is expanding as a result of an increase in the number of benefits, including lower infrastructure and maintenance expenses, lower license and start-up costs, and greater accessibility. Improved productivity and quicker, simpler adoption are two benefits of cloud-based EMR solutions. The application is incredibly scalable because of its cloud-based architecture (pay-as-you-go storage utilization). It removes departmental silos of healthcare data to streamline and consolidate storage resources in order to reduce costs and boost efficiency.

Large, well-known firms are starting to enter the cloud sector. In order to maintain the level of patient care, the cloud infrastructure also provides real solutions for business continuity and disaster recovery. As a result, it is anticipated that the market for cloud-based EMR would expand dramatically. To give medical staff relatively easy access to patient records, digital revolution in healthcare is essential. During the projection period, it is predicted that growing need for systems and software that connect hospitals, clinics, and other healthcare facilities would become a growth driver.

A greater emphasis is placed on strategic partnerships between leading suppliers of electronic medical record solutions as market rivalry intensifies. Additionally, it is projected that the constantly growing need for knowledge sharing and technology upgrades to improve healthcare efficiency will foster partnerships between important actors.

Key Takeaways from the Electronic Medical Records (EMR) Market

  • The US electronic medical records (EMR) market is anticipated to expand at a CAGR of 6% over the forecasted period.
  • By 2033, it is anticipated that the cost of implementing electronic medical records (EMR) in the US will surpass US$ 18.4 Billion.
  • The UK electronic medical records (EMR) market is anticipated to expand at a CAGR of 8.4% throughout the anticipated time frame.
  • By 2033, the UK’s sales of electronic medical records (EMR) systems are anticipated to surpass US$ 1.6 billion.
  • The market for electronic medical records (EMR) in India is anticipated to expand at a CAGR of 8.2% over the forecasted period.
  • By 2033, the Indian market for electronic medical records (EMR) is anticipated to reach more than US$ 255.0 Million.
  • In 2021, the market for electronic medical records (EMR) was dominated by cloud-based EMRs, which accounted for more than 50.0% of total revenue.
  • Hospital electronic medical records (EMR) are expected to increase at a CAGR of 6.4% over the course of the forecast period as a result of rising pandemic and epidemic infections, as well as the requirement for global vaccination against a wide range of diseases.

Who is Winning?

According to Future Market Insights (FMI), top EMR solution providers are building alliances with the local healthcare system, engaging in mergers and acquisitions, and bolstering their distribution networks in an effort to develop and explore the underdeveloped markets of Asia and Latin America. To break into middle-income and emerging markets, market companies are also concentrating on raising awareness, lowering the price of EMR software and related services, and fusing EMR with contemporary technologies.

  • Microsoft Corp. acquired Nuance Communications, Inc. in April 2021 with the goal of empowering healthcare providers with the power of ambient clinical intelligence and other Microsoft cloud services.
  • Capital Health, a regional leader in providing cutting-edge, high-quality patient care, introduced a new electronic health record (EGR) in the acute care divisions of both of its hospitals in February 2021 to better serve its patients.
  • The “Patient” database personal health record (PHR) of the patient will now be able to safely transfer the patient’s existing health records from the “Patient” database onto the Apple Health app, according to a May 2021 announcement from DrChrono. This should simplify the procedure and make it easier to access medical data more quickly.

Key Players:

  • Cerner Corp
  • McKesson Corporation
  • Medical Information Technology Inc.
  • Epic Systems Corporation
  • NextGen Healthcare Information Systems, LLC
  • Greenway Health, LLC
  • GE Healthcare

Key Segments Covered in Electronic medical records (EMR) Market Study

By Product Type:

  • Hospital EMR
  • Ambulatory EMR

By Component:

  • EMR Software
  • EMR Services

By Application:

  • Client Server Setup EMR
  • Hybrid Server Setup EMR
  • Cloud Based EMR

By End User:

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

Comments

Post a Comment

Popular posts from this blog

Pet Diabetes Care Devices Market Report | Size, Growth, Demand, Scope and Forecast to 2032

  The global  Pet Diabetes Care Devices Market  is expected to grow at a  6.5%  CAGR, reaching  US$ 4 billion  by 2032, up from  US$ 2 billion  in 2021. “The number of pets with diabetes, the number of adopted pets, and the number of overweight pets are all driving the market forward.” Get Full Access @ https://www.futuremarketinsights.com/reports/pet-diabetes-care-devices-market The domestication of animals is leading to a lack of insulin production in them. The limited flow of glucose to the cell can be termed diabetes. This chronic disease is a major concern for pet owners and needs to be taken care of. This concern leads to the expansion of the pet diabetes care devices market. Devices like the alphatrak blood glucose meter are in use as they help the pet owners monitor the pet’s health. The increased number of people adopting pets and then domesticating them around in their households, treating and caring for them as f...
Read more

Primary Sclerosing Cholangitis (PSC) Market Size, Opportunities and Forecast 2023-2033

Image
  The global Primary Sclerosing Cholangitis (PSC) Market is anticipated to be worth US$ 151.07 million in 2023.  Primary Sclerosing Cholangitis (PSC) With growing alcohol consumption, the worldwide market for Primary Sclerosing Cholangitis (PSC) is expected to develop at a CAGR of 7.6% between 2023 and 2033, totaling roughly US$ 314.26 Million by 2033. According to the analysis of Future Market Insights, the Primary Sclerosing Cholangitis (PSC) market is expected to fuel over the analysis period, attributed to the factors such as the rise in the incidences of liver diseases, as well as rise in alcohol consumption. Get Full Access @ https://www.futuremarketinsights.com/reports/primary-sclerosing-cholangitis-psc-market  As per the Centers for Disease Control and Prevention, the global incidence of liver disease was 3.9 million in 2016. As per the World Health Organization (WHO), prevalence of liver cirrhosis is increasing in the European countries, due to high con...
Read more

Human Immunodeficiency Virus Type 1 (HIV 1) Market Opportunity, Competitive Analysis, Future Prospects to 2033

Image
  The global Human Immunodeficiency Virus Type 1 (HIV 1) Market is predicted to exceed a remarkable valuation of US$ 34.83 Billion in 2023, with a compound annual rate of growth (CAGR) of 6% estimated from 2023 to 2033. The Institute for Health Metrics and Evaluation attributes the industry's growth to the soaring incidence rate of HIV-1 infection, which, unlike the deaths caused from this viral illness, has not updated substantially over time. Get Full Access @ https://www.futuremarketinsights.com/reports/human-immunodeficiency-virus-type-1-hiv1-market It affected approximately 37 million people worldwide. Furthermore, antiretroviral therapeutic interventions for disease management are only available to half of this population. HIV-1 is the more common of the two types of human immunodeficiency virus, accounting for approximately 96% of all infections globally. The prevalence of HIV is rising at an alarming rate. The World Health Organization (WHO) estimates that 33.0 million...
Read more