The Electronic Medical Records by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Electronic Medical Records, The electronic medical records market size has grown steadily in recent years. It will grow from $34.81 billion in 2023 to $36.44 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to growth in healthcare information technology, increased government initiatives, increased demand for digital transformation in healthcare and covid-19 outbreak.
The electronic medical records market size is expected to see strong growth in the next few years. It will grow to $46.96 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to growth in healthcare information technology, increased government initiatives, increased demand for digital transformation in healthcare and covid-19 outbreak. Major trends in the forecast period include focus on use of artificial intelligence, focus on adoption of natural language processing technology, focus on voice assistance technology, focus on adoption of cloud-based ehrs (electronic health records), focus on strategic partnerships and focus on increasing investments and mergers and acquisitions.
Growth in healthcare information technology is significantly driving the growth of the electronic medical records market in healthcare. Electronic medical records are one of the significant applications that can be created, managed, and accessed by authorized staff within one healthcare organization for providing prompt healthcare services electronically. The rapid growth of electronic medical records adoption needs more development and simpler applications that can be achieved through the advanced IT sector in the healthcare sector. According to a research survey published by the BMC Health Services Research, an open-access healthcare journal, the electronic health records adoption rate stood at 52.8% which indicates good readiness among healthcare professionals for electronic medical records. Hence, growth in healthcare information technology is expected to propel the growth of electronic medical records in the healthcare market.
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The electronic medical records market covered in this report is segmented –
1) By Type: Acute, Ambulatory, Post-Acute
2) By Product: Client-Server-Based EHR, Web-Based EHR
3) By Mode of Delivery: Cloud-Based Model, On-Premise Model
4) By Business Models: Licensed Software, Technology Resale, Subscriptions, Professional Services, Managed Services, Other Business Models
5) By Application: E-Prescription, Practice Management, Referral Management, Patient Management, Population Health Management, Other Applications
Incorporating artificial intelligence (AI) to predict EHR-based clinical outcomes is shaping the electronic medical records market. Artificial intelligence (AI) is the robotic capacity of a computer to do activities that normally require human intelligence and judgment. AI is used in EMR to analyze, display, and comprehend complicated medical and healthcare data in a way that mimics human behavior. For instance, in October 2021, Suki, USA-based AI-powered voice solutions for a healthcare company, launched a Windows version of Suki Assistant that provides end-to-end voice-enabled clinical digital assistance. It uses AI to listen to and understand the words spoken by the doctor and translate them into a written form.
The electronic medical records market report table of contents includes:
- Executive Summary
- Electrolyte Mixes Market Characteristics
- Electrolyte Mixes Market Trends And Strategies
- Electrolyte Mixes Market – Macro Economic Scenario
- Global Electrolyte Mixes Market Size and Growth
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- Global Electrolyte Mixes Market Competitive Benchmarking
- Global Electrolyte Mixes Market Competitive Dashboard
- Key Mergers And Acquisitions In Electrolyte Mixes Market
- Electrolyte Mixes Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Cerner Corporation
- Allscripts Healthcare Solutions Inc.
- General Electric Company
- Athenahealth
- NextGen Healthcare Inc.
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