Market Research Report

Global Hospital Electronic Medical Records (EMR) System Market Research Report: Forecast (2023-2028)

By Component (Hardware, Software and Service), By Mode of Delivery (Cloud Based and On-Premise), By Hospital Size (Small, Medium and Large), By Type (Specialty EMR and General EMR)......, By Region (North America, South America, Europe, Middle East and Africa and Asia-Pacific), By Country (United States, Canada, Mexico, Brazil, Argentina, Germany, Italy, United Kingdom, Spain, France, Saudi Arabia, UAE, Qatar, China, India, Japan, Australia, South Korea), By Company (MEDHOST, Cantata Health LLC, Intersystem Corporation, Cerner Corporation, Eclinical Works, MEDITECH, All Scripts Healthcare, Epic Systems Corporation, Athena Health, and McKesson) Read more

  • Healthcare
  • Apr 2023
  • Pages 182
  • Report Format: PDF, Excel, PPT

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Market Definition

An Electronic Medical Record is a digital rendition of a chart having patient information stored on a computer.  Hospitals usually opt these systems to make patient-specific health plans.

Market Insights & Analysis: Global Hospital Electronic Medical Records (EMR) System Market (2023-28)

The Global Hospital Electronic Medical Records (EMR) System Market is projected to grow at a CAGR of around 8.2% during the forecast period, i.e., 2023-28. The market is predominantly driven by a gradual technological integration of Hospital EMRs induced by the growing rate of hospitalization, research and development activities, etc. Furthermore, government initiatives such as the rising thrust on digitalization have led to the quick adoption of EMR systems in hospitals. In addition to this, several governments, willing to make relentless investments in training healthcare IT personnel and establishing regional extension centers while encouraging physicians to adopt EMR, are expected to revamp the industry for these systems during the forecast period.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 8.2%
Regions Covered North America: The US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy
Asia-Pacific: China, India, Japan, South Korea, Australia
South America: Brazil, Argentina
Middle East & Africa: Saudi Arabia, The UAE, Qatar
Key Companies Profiled MEDHOST, Cantata Health LLC, Intersystem Corporation, Cerner Corporation, Eclinical Works, MEDITECH, All Scripts Healthcare, Epic Systems Corporation, Athena Health, and McKesson
Unit Denominations USD Million/Billion

 

Moreover, the inclination for advanced equipment in healthcare setups has called for technological advancements in these systems, such as voice recognition, mobile applications, and artificial intelligence (AI). These cutting-edge technologies and the big data concept have integrated the healthcare system more. Additionally, the ability of such devices to support teleconsultation has encouraged remote identification and treatment in case of emergency. Another major factor driving the hospital EMR systems market is the magnifying patient population suffering from chronic diseases necessitating a detailed health record of the illness. Other than this, the wider extent of accessibility alongside low maintenance swiftly augments the market growth in the coming years. However, a lack of adequate technical know-how and data breaching concerns might impede the industry growth in the coming years.


Global Hospital Electronic Medical Records (EMR) System Market Research Report: Forecast (2023-2028)

Market Dynamics

Key Driver: The Advent of the Robust and Technically Advanced EMRs

The integration of artificial intelligence (AI) in making EHRs software has propelled the adoption of such systems in the past few years. Other than this, mobile healthcare applications have also paved the way for healthcare solutions providers to come up with technologically advanced solutions as demanded by the hospitals. The healthcare ecosystem has recognized the importance of electronic medical records for tracking the patient's data and effectively dealing with diseases. Such acknowledgment has called for maximized adoption in hospitals, thereby propelling the industry's growth in the coming years.

Key Opportunity: Introduction of Voice-based EMRs

With the incorporation of a cloud-based API technology platform, Electronic medical record (EMR) systems will likely evolve in the coming years. The integration of artificial intelligence would facilitate doctors and health app providers to develop smart voice-based EMRs to be adopted in Hospitals. Voice recognition features not only smoothen the interface but also make the tracking process hassle-free. For instance, In March 2021, Simbo.AI announced a technology platform named SimboAlpha that supports voice-based EMRs.

Key Trend: Go-Live Virtual Office Aiding 24/7 Remote Access

In a bid to recognize and escalate treatment for its sickest patients, several hospitals and trusts have deployed EHR/EMR functionality and created a go-live virtual office. With a definitive orientation process, comprehensive onboarding, EMR optimization, etc., the hospital has already achieved the most from a go-live engagement. This go-live concept enables health IT implementers to plan for EMR system go-live events, thereby enhancing remote access to the patients. For instance, On December 3, 2022, Sonoma Valley hospital, affiliated with the San Francisco-based UCSF Health, went live with a new Epic electronic health records and same can be expected for EMRs as well.

Market Segmentation

Based on Mode of Delivery,

  • Cloud-based
  • On-premise

Cloud-based segment is anticipated to garner the majority share in the Global Hospital EMR System Market in the forecast years. The inadequate infrastructures in small hospitals and untapped approaches of cloud-based solutions have made it the most preferred over the On-Premise mode of delivery. The adoption has primarily elevated during and after the COVID-19 outbreak, where the on-site interactions were put on hold. With the cloud-based model, the scalability of the software ramps up, making it more simplified and flexible. Besides this, it combines storage resources, making it cost-effective and further streamlines workflow by reducing departmental silos of clinical information. By eliminating the need for in-house maintenance, cloud-based software is likely to witness maximum adoption in the coming years, thereby driving the EMR industry worldwide.

Regional Projection

Geographically, the Global Hospital Electronic Medical Records System Market expands across:

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

On the geographical front, North America grabbed the largest market share in the historical period, and this dominance is expected to prevail in the forthcoming years as well. It is primarily because North America, especially the United States, has the largest population suffering from chronic diseases stemming from an unhealthy lifestyle. Due to this, the need for more advanced EMR has emerged in the past few years to cater to the increasing pool of patients in the region. Moreover, governments across the region are formulating plans and mandates for securing and better utilization of patient records. As such, The US Department of Health Services has prioritized and is looking forward to promoting healthcare data interoperability. 

Recent Developments in the Global Hospital Electronic Medical Records System Market

  • In September 2022, Epic Systems Corporation launched the data-driven clinical trial matchmaking in its electronic health record system. The trials seek to offer providers an opportunity to streamline treatments that are well-suited for their patients through their new Life Sciences program.
  • In July 2022, MyHealthcare launched the first single screen EMR in India. The system allows clinicians and doctors to put all medical records of patient encounters on a single screen.

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Frequently Asked Questions

   A. The Hospital Electronic Medical Records (EMR) System Market is projected to grow at a CAGR of around 8.2% during 2023-28.

   A. The advent of the robust and technically advanced EMRs is likely to fuel the Hospital Electronic Medical Records (EMR) System Market during 2023-28.

   A. MEDHOST, Cantata Health LLC, Intersystem Corporation, Cerner Corporation, Eclinical Works, MEDITECH, All Scripts Healthcare, Epic Systems Corporation, Athena Health, and McKesson are a few of the leading players with the majority of the market share.

   A. Cloud-Based is anticipated to emerge as an area of remunerative opportunities for the leading players in the Hospital Electronic Medical Records (EMR) System Market during the forecast period.

   A. Globally, North America would provide lucrative prospects for the Hospital Electronic Medical Records (EMR) System Market in the years ahead.

   A. Go-Live concepts relating to EMR is the key trend shaping the growth of the Hospital Electronic Medical Records (EMR) System Market during 2023-28.

   A. Voice-based EMRs are emerging as an opportunistic area for the market players in the forecast years.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Executive Summary
  3. Expert Verbatim- What our Experts Say?
  4. Global Hospitals EMR Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Component
        1. Hardware
        2. Software
        3. Service
      2. By Mode of Delivery
        1. Cloud-Based
        2. On-Premise
      3. By Hospital Size
        1. Small
        2. Medium
        3. Large
      4. By Type
        1. Specialty EMR
        2. General EMR
      5. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East and Africa
        5. Asia-Pacific
      6. By Company
        1. Revenue Shares
        2. Strategic Factorial Indexing
        3. Competitor Placement in MarkNtel Quadrant
  5. North America Hospitals EMR Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Mode of Delivery
      3. By Hospital Size
      4. By Type
      5. By Country
        1. United States
        2. Canada
        3. Mexico
    3. United States Hospitals EMR Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
      3. By Component
      4. By Mode of Delivery
      5. By Hospital Size
      6. By Type
    4. Canada Hospitals EMR Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
      3. By Component
      4. By Mode of Delivery
      5. By Hospital Size
      6. By Type
    5. Mexico Hospitals EMR Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
      3. By Component
      4. By Mode of Delivery
      5. By Hospital Size
      6. By Type
  6. South America Hospitals EMR Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Mode of Delivery
      3. By Hospital Size
      4. By Type
      5. By Country
        1. Brazil
        2. Argentina
    3. Brazil Hospitals EMR Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Mode of Delivery
        3. By Hospital Size
        4. By Type
    4. Argentina Hospitals EMR Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Mode of Delivery
        3. By Hospital Size
        4. By Type
  7. Europe Hospitals EMR Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Mode of Delivery
      3. By Hospital Size
      4. By Type
      5. By Country
        1. France
        2. Germany
        3. Italy
        4. United Kingdom
        5. Spain
    3. France Hospitals EMR Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Mode of Delivery
        3. By Hospital Size
        4. By Type
    4. Germany Hospitals EMR Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Mode of Delivery
        3. By Hospital Size
        4. By Type
    5. Italy Hospitals EMR Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Mode of Delivery
        3. By Hospital Size
        4. By Type
    6. United Kingdom Hospitals EMR Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Mode of Delivery
        3. By Hospital Size
        4. By Type
    7. Spain Hospitals EMR Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Mode of Delivery
        3. By Hospital Size
        4. By Type
  8. Middle East and Africa Hospitals EMR Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Mode of Delivery
      3. By Hospital Size
      4. By Type
      5. By Country
        1. Saudi Arabia
        2. UAE
        3. Qatar
    3. Saudi Arabia Hospitals EMR Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Mode of Delivery
        3. By Hospital Size
        4. By Type
    4. UAE Hospitals EMR Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Mode of Delivery
        3. By Hospital Size
        4. By Type
    5. Qatar Hospitals EMR Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Mode of Delivery
        3. By Hospital Size
        4. By Type
  9. Asia-Pacific Hospitals EMR Market Analysis, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Mode of Delivery
      3. By Hospital Size
      4. By Type
      5. By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. South Korea
    3. China Hospitals EMR Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Mode of Delivery
        3. By Hospital Size
        4. By Type
    4. India Hospitals EMR Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Mode of Delivery
        3. By Hospital Size
        4. By Type
    5. Japan Hospitals EMR Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Mode of Delivery
        3. By Hospital Size
        4. By Type
    6. Australia Hospitals EMR Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Mode of Delivery
        3. By Hospital Size
        4. By Type
    7. South Korea Hospitals EMR Market Analysis, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Component
        2. By Mode of Delivery
        3. By Hospital Size
        4. By Type
  10. Global Hospitals EMR Market Policies, Regulations, Product Standards
  11. Global Hospitals EMR Market Trends & Insights
  12. Global Hospitals EMR Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  13. Global Hospitals EMR Market Hotspot & Opportunities
  14. Global Hospitals EMR Market Key Strategic Imperatives for Success & Growth
  15. Global Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Brand Specialization
      3. Target Markets
      4. Target Mode of Delivery’s
      5. Research & Development
      6. Strategic Alliances
      7. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. MEDHOST
      2. Cantata Health LLC
      3. Intersystem Corporation
      4. Cerner Corporation
      5. eclinical Works
      6. MEDITECH
      7. All Scripts Healthcare
      8. Epic Systems Corporation
      9. AthenaHealth
      10. McKesson
  16. Disclaimer


Hospital EMR System Market Segmentation

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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