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Electronic Medical Records Market Size to Reach Close to US$ 40 Billion by 2024

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The Global Electronic Medical Records Market was valued at US$ 21,444.4 million in 2015 and is projected to expand at a CAGR of 6.9% during the forecast period (2016–2024), as highlighted in a new report published by Coherent Market Insights. Increa
GLOBAL ELECTRONIC MEDICAL
RECORDS MARKET
INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND
OPPORTUNITY ANALYSIS, 2016–2024
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REPORT DESCRIPTION
Electronic Medical Records Market Overview
The Global Electronic Medical Records Market was valued at US$ 21,444.4 million in 2015
and is projected to expand at a CAGR of 6.9% during the forecast period (2016–2024), as
highlighted in a new report published by Coherent Market Insights. Increasing digitization is
propelling deployment of EMR across the global healthcare sector.
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Healthcare delivery is expected to undergo a drastic transformation through integration of
information technology and healthcare services. The market is presenting new growth
avenues for healthcare companies as well as major IT companies such as Apple and
Microsoft. These companies are working in close coordination with healthcare service
providers, understanding the various nitty-gritties of processes and problems and
accordingly developing integrated solutions. Besides, emergence of health monitoring
devices and applications and rising awareness among the populace about the ease of use
and various benefits of such services led to increases demand for digital solutions to track
health parameters and securely access personal medical records. Moreover, the advent of
on-cloud EMR solutions further provides significant growth traction for the electronic
medical records market.
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REPORT DESCRIPTION
There are plethora of electronic medical record solutions available in the market, which
makes the market highly competitive diverse scale of operations and unique requirements
of users. However, the market provides highly lucrative growth opportunities, given the
increasing inclination of various governments towards encouraging deployment of EMR in
hospitals and private clinics. For instance, the Dubai government, has installed EMR system,
Salama, across the Dubai Health Authority (DHA) network of health facilities. The
government will be rolling out its MER system across the DHA network in three phases
through 2017.
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Furthermore, facilities already using EMR systems are upgrading to improve healthcare
delivery. Catholic Health Services (CHS) and University of Maryland Medical System (UMMS)
achieved Stage 6 recognition (almost fully automated/paperless medical records) by the
Healthcare Information and Management Systems Society (HIMSS) Analytics on their
Outpatient EMR adoption model of HIMSS Analytics. Deployment of new EMR systems and
upgrading of systems would be significantly contributing towards growth of the global
electronic medical records market. At the same time, industry experts opine to have a
defined legal framework for EMRs to avoid unnecessary legal issues.
© Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION
• Key takeaways of the market:
• The global electronic medical records market is expected to expand at a CAGR of
6.9% during the forecast period (2016–2024) as there exists a huge demand
especially in Asia Pacific, Latin America, Middle East and Africa markets
• Cloud-based solutions are expected to fuel the global electronic medical records
market growth exponentially during the forecast period. Chain of hospitals and
diagnostic laboratories who can afford cloud-based EMR systems find it very
beneficial for their patients.
• Hospitals are the major end users of EMR systems as these organizations deal with a
huge patient database and have high demand among their patients to access their
medical records
• The demand for EMR is growing in ambulatory/outpatient services, which is expected
to fuel the growth of this market in near future
• High healthcare spending and rapid digitization has supported the North America and
European regions to dominate this market. However, increasing funding in emerging
regions driving better healthcare infrastructure would drive substantial demand in
Asia Pacific and Latin America during the forecast period.
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ABOUT COHERENT MARKET INSIGHTS
ABOUT US
Coherent Market Insights is a global market intelligence and consulting organization focused on
assisting its plethora of clients achieve transformational growth by helping them make critical business
decisions. We are headquartered in India, with an office at the global financial capital in the U.S. Our
client base includes players from across all business verticals in over 150 countries worldwide. We are
uniquely positioned to help businesses around the globe deliver practical and lasting results through
various recommendations about operational improvements, technologies, emerging market trends and
new working methods. We offer both customized and syndicated market research reports that help our
clients create visionary growth plans to provide traction to their business. We meticulously study
emerging trends across various industries at both the global and regional levels to identify new
opportunities for our clientele.
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ABOUT CMI
SECTOR COVERAGE
BIOTECHNOLOGY
CLINICAL DIAGNOSTIC
HEALTHCARE IT
MEDICAL DEVICES
MEDICAL IMAGING
PHARMACEUTICAL
OUR CLIENTS
 Global Leading Equipment and System Manufacturers  Marketing Consultancies and the Advertising Industry
 Component Providers and System Integrators
 Private and Government organization
 Distributors, Retailors and Value Added Resellers
 Outsourcing Companies
 Healthcare IT Solutions Developers
 Universities and Business Schools.
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KEY STATS
RESEARCH SOLUTIONS
100+
FEASIBILITY
STUDIES
Insights Published
Per Year
GLOBAL
REPORTS
150+
Consulting Projects
Till Date
COUNTRY
ANALYSIS
CONSULT
PROJECTS
125+
Clients Worldwide
Per Year
110+
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RESEARCH
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FORECAST
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Analysts and Contract
Consultants
Coherent Market Insights excels at offering unmatched actionable market intelligence across various industry verticals,
including chemicals, healthcare, and food & beverages, to name a few. We implement holistic market research methodology in
order to result in the best possible market research reports across various industries worldwide. Based on our unmatched
expertise across various industries—no matter how large or small, how complex or unique—we help our clients achieve better
outcomes with uniquely designed and highly customized solutions. Our coverage includes insights that help our clients ensure
sustained growth in developed markets and also key inputs to help them tap into emerging markets and exploit the plethora of
opportunities posed therein.
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Coherent Market Insights
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