Electronic Medical Records Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025

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Electronic Medical Records Market Overview

The global Electronic Medical Records Market is estimated to grow at a CAGR of 4.95% during the forecast period 2020–2025. The market is projected to grow from $ 26,914.7m in 2019 to $ 35,964.5m by 2025. Electronic Medical Records are basically the digitized version of medical records written in journals, back in time. It is a systemized collection of patient records that helps the physicians and medical practitioners to access the history of a patient from one single portal. The physicians can access the previous prescriptions, medical imaging results, previous doctor’s remarks and others through the interface. The report covers Electronic Medical Records Market size by type and applications, Electronic Medical Records Market share by top 5 companies and also the market share by start-ups during the forecast period.


Key Takeaways

·         In the coming years, growing interest in electronic medical records is due to the growing chain of hospitals, technologies associated to the systems.

·         Partnerships, Merger and Acquisition, Product launch and business expansion were key sustainability strategies adopted by the market players to ensure the growth of Electronic Medical Records Market.

·         APAC region is estimated to record the fastest growth rate during the forecast period.

By Product - Segment Analysis

In 2019, Cloud Based Software segment dominated the Electronic Medical Records Market in terms of revenue. Electronic Medical Records can be uploaded to a cloud based service where all information of in-patients and out-patients will be available for review. An advantage of cloud based software is that the information once uploaded to the cloud service is safe and secure even if the hardware or on premise servers gets corrupted.

By Type - Segment Analysis

In 2019, Ambulatory EHR segment dominated the Electronic Medical Records Market in terms of revenue. Ambulatory Electronic Health Records is an interface through which physicians and medical practitioners can access a patient’s history with a medical institution. Ambulatory EHR generally records the information of out-patients in institutions such as clinics and hospitals. In some cases, physicians suggest the use of implantable devices, cardiac monitors, hemodynamic monitors, respiratory monitors in patients to track and record the live bodily functions of the patient.

By Application - Segment Analysis

The Clinical Application segment dominated the Electronic Medical Records Market in 2019. It is forecast to grow at a CAGR of 3.11% during the period under consideration. The dominance of clinical application over others can be attributed to the fact that these electronic medical recording interfaces are used for recording the medical statuses and prescriptions at one place which can be accessed by various medical personnel of the clinic as well as its physicians. This helps the physicians to recommend better service to the patients.

By End User - Segment Analysis

The Hospitals Segment dominated the Electronic Medical Records Market in 2019. Hospital chains have been increasing as more people need medical assistance now a days. They have adopted electronic medical record systems that enables patients of any branch to visit any of their chain of hospitals and seek medical assistance.

Geography - Segment Analysis

In 2019, the North America region occupied 38% of the global Electronic Medical Records Market in terms of revenue. The dominance of the region can be credited to the growth of new medical policies in the region such as Medicare and Medicaid in all medical institutions. APAC region is estimated to record the fastest growth rate during the forecast period.

Drivers – Electronic Medical Records Market

·         Growing Chain of Hospitals

 

Growing chain of hospitals have promoted the use of electronic medical record systems. Adopting the system provides the patients with the ease of visiting any of the hospital chain branch and having their records available to the medical practitioner there. EHR also makes it possible for hospitals to keep track of all the patient data without cluster.

Challenges – Electronic Medical Records Market

·         High Cost of Implementation

For a medical institution to adopt electronic health recording systems, it requires high level of investment. The software has to be tailored to the requirements and method of business of the medical institution in order to use the technology to its full potential. Aside these, the time and money incurred in training the personnel are also high.   

Electronic Medical Records industry outlook

Partnership, Mergers and Acquisition, Product Launches and Business expansion were key strategies of the players in the Electronic Medical Records Industry. Electronic Medical Records top 10 companies include Quality Systems Inc., Greenway Health LLC, General Electric Company, Epic Systems Corporation, eClinicalWorks, CureMD Corporation, Computer Programs and Systems Inc., Cerner Corporation, Allscripts Healthcare Solutions Inc, & AdvancedMD Inc.

Electronic Medical Records Market Research Scope:

The base year of the study is 2019, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. These provide the key market participants with the necessary business intelligence and help them understand the future of the Electronic Medical Records market. The assessment includes the forecast, an overview of the competitive structure, the Electronic Medical Records market share of the competitors, as well as the Electronic Medical Records market size market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This Electronic Medical Records market report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include Electronic Medical Records by product, type, application, end user and geographic analysis.

1. Electronic Medical Records Market - Overview
        1.1 Definitions and Scope
2. Electronic Medical Records Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Electronic Medical Records Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Electronic Medical Records Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Electronic Medical Records Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Electronic Medical Records Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Electronic Medical Records Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Electronic Medical Records Market - By Product Type(Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
            8.3.1 Hospital 
            8.3.2 Ambulatory
9. Electronic Medical Records Market - By Component (Market Size -$Million / $Billion)
        9.1 Software
        9.2 Service
10. Electronic Medical Records Market - By Deployment (Market Size -$Million / $Billion)
        10.1 Client Server Setup 
        10.2 Hybrid Server Setup
        10.3 Cloud Based 
11. Electronic Medical Records - By End User (Market Size -$Million / $Billion)
        11.1 General Physician Clinic
        11.2 Specialized Clinics
        11.3 Hospitals
12. Electronic Medical Records- By Geography (Market Size -$Million / $Billion)
        12.1 Electronic Medical Records Market - North America Segment Research
        12.2 North America Market Research (Million / $Billion)
            12.2.1 Segment type Size and Market Size Analysis
            12.2.2 Revenue and Trends
            12.2.3 Application Revenue and Trends by type of Application
            12.2.4 Company Revenue and Product Analysis
            12.2.5 North America Product type and Application Market Size
                  12.2.5.1 U.S
                  12.2.5.2 Canada
                  12.2.5.3 Mexico
                  12.2.5.4 Rest of North America
        12.3 Electronic Medical Records- South America Segment Research
        12.4 South America Market Research (Market Size -$Million / $Billion)
            12.4.1 Segment type Size and Market Size Analysis
            12.4.2 Revenue and Trends
            12.4.3 Application Revenue and Trends by type of Application
            12.4.4 Company Revenue and Product Analysis
            12.4.5 South America Product type and Application Market Size
                  12.4.5.1 Brazil
                  12.4.5.2 Venezuela
                  12.4.5.3 Argentina
                  12.4.5.4 Ecuador
                  12.4.5.5 Peru
                  12.4.5.6 Colombia
                  12.4.5.7 Costa Rica
                  12.4.5.8 Rest of South America
        12.5 Electronic Medical Records- Europe Segment Research
        12.6 Europe Market Research (Market Size -$Million / $Billion)
            12.6.1 Segment type Size and Market Size Analysis
            12.6.2 Revenue and Trends
            12.6.3 Application Revenue and Trends by type of Application
            12.6.4 Company Revenue and Product Analysis
            12.6.5 Europe Segment Product type and Application Market Size
                  12.6.5.1 U.K
                  12.6.5.2 Germany
                  12.6.5.3 Italy
                  12.6.5.4 France
                  12.6.5.5 Netherlands
                  12.6.5.6 Belgium
                  12.6.5.7 Denmark
                  12.6.5.8 Spain
                  12.6.5.9 Rest of Europe
        12.7 Electronic Medical Records - APAC Segment Research
        12.8 APAC Market Research (Market Size -$Million / $Billion)
            12.8.1 Segment type Size and Market Size Analysis
            12.8.2 Revenue and Trends
            12.8.3 Application Revenue and Trends by type of Application
            12.8.4 Company Revenue and Product Analysis
            12.8.5 APAC Segment - Product type and Application Market Size
                  12.8.5.1 China
                  12.8.5.2 Australia
                  12.8.5.3 Japan
                  12.8.5.4 South Korea
                  12.8.5.5 India
                  12.8.5.6 Taiwan
                  12.8.5.7 Malaysia
                  12.8.5.8 Hong kong
                  12.8.5.9 Rest of APAC
        12.9 Electronic Medical Records - Middle East Segment and Africa Segment Research
        12.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            12.10.1 Segment type Size and Market Size Analysis
            12.10.2 Revenue and Trend Analysis
            12.10.3 Application Revenue and Trends by type of Application
            12.10.4 Company Revenue and Product Analysis
            12.10.5 Middle East Segment Product type and Application Market Size
                  12.10.5.1 Israel
                  12.10.5.2 Saudi Arabia
                  12.10.5.3 UAE
            12.10.6 Africa Segment Analysis
                  12.10.6.1 South Africa
                  12.10.6.2 Rest of Middle East & Africa
13. Electronic Medical Records Market - Entropy
        13.1 New product launches
        13.2 M&A s, collaborations, JVs and partnerships
14. Electronic Medical Records Market - Industry / Segment Competition landscape Premium
        14.1 Market Share Analysis
            14.1.1 Market Share by Country- Top companies
            14.1.2 Market Share by Region- Top 10 companies
            14.1.3 Market Share by type of Application - Top 10 companies
            14.1.4 Market Share by type of Product / Product category- Top 10 companies
            14.1.5 Market Share at global level - Top 10 companies
            14.1.6 Best Practises for companies
15. Electronic Medical Records Market - Key Company List by Country Premium
16. Electronic Medical Records Market Company Analysis
16.1 Market Share, Company Revenue, Products, M&A, Developments
16.2  Allscripts Healthcare Solutions, Inc
16.3  Cerner Corporation
16.4  Computer programs and system Inc
16.5  Epic Systems Corporation
16.6  GE Healthcare
16.7  Greenway Health, LLC
16.8  McKesson Corporation
16.9  Medical Information Technology, Inc
16.10  NextGen Healthcare Information Systems, LLC
16.11 Company 10
16.12 Company 11 & More
*Financials would be provided on a best efforts basis for private companies
17. Electronic Medical Records Market - Appendix
        17.1 Abbreviations
        17.2 Sources
18. Electronic Medical Records Market - Methodology
        18.1 Research Methodology
            18.1.1 Company Expert Interviews
            18.1.2 Industry Databases
            18.1.3 Associations
            18.1.4 Company News
            18.1.5 Company Annual Reports
            18.1.6 Application Trends
            18.1.7 New Products and Product database
            18.1.8 Company Transcripts
            18.1.9 R&D Trends
            18.1.10 Key Opinion Leaders Interviews
            18.1.11 Supply and Demand Trends

List of Tables

1 US Electronic Medical Records Market Size 2018
2 Canada Electronic Medical Records Market Share 2018
3 Brazil Electronic Medical Records Market Outlook 2019 - 2023
4 Mexico Electronic Medical Records Market Research 2018
5 Germany Electronic Medical Records Market Trends 2019 - 2023 
6 France Electronic Medical Records Market Growth 2019 - 2023 
7 UK Electronic Medical Records Market Demand 2019 - 2023 
8 Italy Electronic Medical Records Market Segmentation 2018
9 Russia Electronic Medical Records Market Analysis 2019 - 2023
10 China Electronic Medical Records Market Revenue 2019 - 2023
11 Japan Electronic Medical Records Market Volume 2019 - 2023
12 South Korea Electronic Medical Records Market Potential 2019 - 2023
13 India Electronic Medical Records Market Leaders 2018
14 Saudi Arabia Electronic Medical Records Market Forecast 2019 - 2023 
15 Kuwait Electronic Medical Records Market Value 2018

List of Figures

For complete list of 60+ tables and 60+ figures follow the Link