Global Hospital EMR Systems Market Forecast to cross USD 22 BN by 2026
Posted On February 06, 2020
The report by Value Market Research on the Global Hospital EMR Systems Market anticipates the market growth to reach CAGR of 8% during 2020-2026. The market was valued close to USD 12.9 BN in 2019 and is expected to reach USD 22 BN by 2026.Thriving needs to diminish healthcare expenses and increasing government assistance for the acceptance of EMRs are the elements fuelling the market growth. Though, the great cost of EMR solutions is the main component in constraining market growth. In addition to this, the introduction of composite software and the integration of software are contributing adequate opportunities for market growth. The global hospital EMR systems market is driven by the soaring investment of hospitals in EMR systems. Additionally, improving patient awareness and health care expenses and merger of hospitals have been pivotal in donating to the substantial growth of the global hospital EMR systems market.
Hospital Electronic medical record (EMR) is the software of compiling patient’s data electronically in a digital layout. These digital record networks organize an electronic archive of patient information. EMRs contain a combination of data, including, medical history, immunization significance, medication & allergies, radiology pictures, and particular statistics like age and weight. This data can be utilized with other hospitals and also patients can have access to medical histories. Electronic medical record (EMR) systems are interpreted as an electronic record of health-related data on an individual that can be created, managed and discussed by authorized clinicians within one health care organization. EMRs have the potential to deliver significant advantages to physicians, and health care organizations. These systems can promote workflow and enhance the quality of patient care.
The report “Global Hospital EMR Systems Market Report By Component (Services, Software, and Hardware), Mode of Delivery (On-Premise And Cloud-Based Solutions), Type (General EMRs And Specialty EMRs) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026" covers the market introduction, key market statistics followed by in-depth regional revenue/or volume analysis. The report analyses the trends of the past years along with deeply studying the geo-political trends, thus authenticating the findings of the research and making it more reliable.
By component market is bifurcated as services, software and hardware. The services system segment dominates the market acquiring high share in the overall market. On the basis of mode of delivery - on-premise and cloud-based solutions are two classifications for the market. On premise segment captures a larger share of market as compared to cloud-based solutions.
North America is the leading region. The other regions studied in the report are Europe, Latin America and Middle East & Africa. The regional spread of all the segments and sub segments are detailed in the report.
The Report Segments Global Hospital EMR Systems Market -
By Mode of Delivery:
- Cloud-Based Solutions
- General EMRs
- Specialty EMRs
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Allscripts Healthcare Solutions, Inc., athenahealth, Inc., Cerner Corporation, CPSI, eClinicalWorks, Epic Systems Corporation, Intersystems Corporation, MEDHOST, and Medical Information Technology, Inc.
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