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Electronic Medical Records Market

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Increasing digitization is propelling deployment of Electronic Medical Records across the global healthcare sector.
Electronic Medical Records
Market Size To Reach Close
To US$ 40 Billion upto
2024
© Coherent market Insights. All Rights Reserved
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.
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.
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.
© Coherent market Insights. All Rights Reserved
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.
Some of the major players involved in global electronic medical records market include Cerner Corporation, Allscripts-Misys
Healthcare Solutions Inc., McKesson Corporation, Quadramed Corporation, Medical Information Technology Inc., Sage
Software Healthcare Inc., Greenway Health, LLC, NextGen Healthcare Information Systems, LLC, Epic Systems Corporation,
and GE Healthcare.
Fill the form for an exclusive sample of this report @ https://www.coherentmarketinsights.com/insight/request-sample/196
© Coherent market Insights. All Rights Reserved
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