Global Hospital Electronic Medical Records Market is undergoing a gradual technology integration. The need has been induced by the growing rate of hospitalization, research and development activities, etc. Government initiatives such as rising thrust on digitalization has driven the quick adoption of EMR systems in hospitals. Moreover, with the technological advancements in these systems such as voice recognition, mobile applications and, artificial intelligence (AI) are positively contributing in the growth of the EMR systems. Another major factor driving the hospital EMR systems market are the magnifying patient population suffering with chronic diseases prefers needs a detailed health record for the disease.
According to the MarkNtel Advisors’ research report, the CAGR of “Global Hospital EMR System Market Analysis, 2020”, is expected to be around 8.2% during 2020-25.
Services segment dominated the market seizing the largest market share in 2019 due to growing need for the services such training, consulting, implementation and storage. With the growing concerns about the patient’s data heath records, the cloud based segment is projected to grow at a healthy rate during 2020-25.
North America, especially United States has the largest population suffering from chronic diseases due to the unhealthy lifestyle. North America grabbed the largest market share in 2019 and the dominance is expected to prevail in the forthcoming years as well. Governments in the region are formulating plans and mandates for securing and better utilization of patient records. The US Department of Health Services prioritize and promote interoperability of the healthcare data. Additionally, with the introduction of the complex cloud based softwares that needs training and understanding of the software is fueling the hospital EMR systems.
Manufacturers are merging and introducing new technologies for instance, Apple introduced its health records EMR data viewer in 2018 and launched health records programming interface (API) in the same year. CareVue EMR system is a cloud based systems by Medsphere purchased by amazon web services in 2018.
According to the MarkNtel Advisors the major leading players are MEDHOST, Cantata Health LLC, Intersystem Corporation, Cerner Corporation, eclinical Works, MEDITECH, All Scripts Healthcare, Epic Systems Corporation, AthenaHealth, McKesson among others. Sonnet, an EMR solution was launched by Epic in 2018 for smaller hospitals with less feature scope and fewer molecules.
“Global Hospital EMR System Market Analysis, 2020”, provides comprehensive qualitative and quantitative insights on the industry potential, key factors such as trends, drivers, hotspots and opportunities and challenges available for hospitals EMR systems providers across the globe. Moreover, the report also encompasses the key leading players in the industry, along with competitive benchmarking and competition matrix and company profiling.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Hospital EMR System Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up to 2025.
Q. What are the units or denomination for measuring market value in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the CAGR of the Global Hospital EMR System Market during 2020 to 2025?
A. The market size of Global Hospital EMR System Market would register a CAGR of 8.2% during 2020-25.
Q. Which of the regions would be a growth market for Global Hospital EMR System Market during 2020-2025?
A. North America, especially United States has the largest population suffering from chronic diseases due to the unhealthy lifestyle The region is expected to maintain its considerable market share and would present substantial opportunities for competitors in Global Hospital EMR System Market during the forecast period.
Q. Who are the key players or major competitors in Global Hospital EMR System Market?
A. MEDHOST, Cantata Health LLC, Intersystem Corporation, Cerner Corporation, Eclinical Works, MEDITECH, All Scripts Healthcare, Epic Systems Corporation, Athena Health, McKesson are few of the leading players with majority market share in Global Hospital EMR System Market.
Q. Does the report scope cover region wise market statistics also?
A. Yes, the scope of the report encompasses detailed region wise statistics such as market size, market segmentation based on various subcategories.
Q. Which mode of delivery segment type would be a bright spot for Global Hospital EMR System Market during 2020-2025?
A. With the growing concerns about the patient’s data heath records, the cloud based segment is projected to grow at a healthy rate during 2020-25.
