Electronic Medical Records Market Global Analysis, Statistics And Revenue Research Report by 2027

Electronic Medical Records Market

Electronic Medical Records Market  products is one of the significant factors influencing the market growth.

Electronic medical records (EMRs) are a sophisticated and organised collection of patient health data that has been electronically preserved. EMRs are electronic versions of the paper charts that are routinely kept in clinics, hospitals, and doctor’s offices. EMRs contain crucial notes and data gathered by doctors or clinicians for precise diagnosis and treatment. EHR software, which enables healthcare practitioners to establish a digital record of a patient that can be updated with each encounter, is used to produce EMRs. Demographics, prescriptions, medical history, allergies, radiological pictures, vital signs, immunisation status, and personal data are just a few of the details that are included in EMRs. By using these records, it is no longer necessary to look up each patient’s paper records, saving time.

A greater emphasis is placed on strategic partnerships between leading suppliers of electronic medical record solutions as market rivalry intensifies. Additionally, the ongoing demand for knowledge sharing and technology upgrades to improve healthcare efficiency will promote collaborations between important parties.

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For instance, in April 2021, Kantar Health was purchased by Cerner Corporation for US$ 375 Mn. The acquisition is intended to speed up progress in life science research and improve the standard of patient care by combining Cerner’s technology and medical data with Kantar Health’s top life science expertise. However, the high cost of EMRs and their maintenance is expected to restrain the market’s growth. Higher costs are associated with the expenditure on hardware and software, installation costs, and others. Furthermore, privacy concerns surrounding the patients’ data’s security are also expected to affect the market’s growth.

The need for electronic medical records is anticipated to increase due to the need to centralise and streamline electronic healthcare systems, technical advancements in the field of medicine, and growing public awareness of the advantages of electronic medical records. Additionally, it is projected that adoption of EMRs and increased government spending on electronic healthcare systems will provide the sector more traction.

Competitive Landscape

  • Epic Systems Corporation
  • Cerner Corporation
  • Allscripts Healthcare Solutions, Inc.
  • NextGen Healthcare, Inc.
  • AthenaHealth
  • McKesson Corporation
  • MEDITECH
  • eClinicalWorks
  • CureMD Healthcare
  • Greenway Health, LLC
  • GE Healthcare
  • Others

Electronic Medical Records Market: Segmentation

Product Type

  • Inpatient EMR
  • Outpatient EMR

Component

  • Software
    • Cloud
    • On-premise
  • Services
  • Others

Application/End-user

  • Hospitals
  • Clinics
  • General Physician Clinics
  • Ambulatory Surgical Centers
  • Others

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Regional Analysis Covers:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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