The expansion of healthcare has been motivated by the rise in the number of patients, due to increased awareness about healthcare facilities and increasing spending power. Market-focused reports associated with the healthcare industry among others of late have been made available by Market Research Future which produces reports on this industry. The market is expected to touch USD 42,427.27 Million in 2027 which expanding its market share with a CAGR of approximately 5.82 percent in the forecast period.
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Integration of IT services in the healthcare sector have led to positive results in the management of patient files in the form of EHRs and EMRs. The delivery of healthcare services is dependent on the data history of each patient so that they can receive a superior level of healthcare pursuant to which EHR and EMR help in streamlining the workflow and reducing the discrepancies. As EHR signifies the capability to share medical information among stakeholders effortlessly, its demand is growing at an accelerated pace over the last few years.
Segmentation Analysis
The global EHR-EMR market size has been segmented on the basis of types and modes of delivery. By types, the market has been segmented into emergency care, perioperative care, mobile applications for doctors and nurses and others. By mode of delivery, the market has been segmented into on-premise and cloud-based.
Regional Overview
As many companies are involved in the EHR-EMR sector, in-depth regional analysis is given in the study. Regional EHR-EMR markets also have a major impact on the global EHR-EMR market. The data presented in the EHR-EMR market report will help EHR-EMR businesses make wise investment decisions, growth strategies and plans for new and existing products and services.
Analysis of key regional EHR-EMR markets analyzes North America, APAC (Asia-Pacific), Europe and other parts of the world as presented in the study. In the European EHR-EMR market, the main markets for EHR-EMR are countries such as France, the UK, Germany, Spain, Italy and the rest of Europe. And the EHR-EMR market in the United States, Mexico and Canada is seeing steady growth in North America
Competitive Landscape
The ability to withstand their competitive edge is one of the key factors fuelling their efforts in this period. The tone for development in the market has been altered to a great extent with the entry of new players and the changes in the mode of functioning of the established players. The market has been led into a new period of growth as the market is normally in a state of mutability. The room for development in the market seems to be promising through the forecast period. The mounting interest in change within the business has ultimately permitted the businesses to apply many situations accessible in the market. The odds for growing revenue inflow in the business are likely to multiply through the forecast period. The businesses in this market are attempting to improve and uphold financial fluidity that can be vital to invest in progress as and when applicable. Localization is among of the more favored trends for growing the market portion of the competitors in the market. The ripple effects of the market’s growth have altered the competitive backdrop of the market. Portfolio development is being significantly endorsed by market competitors to achieve high growth rates.
The market leaders in the EHR-EMR market are Epic Systems Corporation (U.S), Allscripts (U.S), Greenway Health, LLC (U.S), Cerner Corporation (U.S), QSI Management LLC (U.S), eClinicalWorks (U.S), General Electric Company (U.S) and McKesson Corporation (U.S).
Industry News
In an arrangement to pursue enhanced financial results and mitigate risk, Health Catalyst has recently acquired Healthfinch, Inc. As a direct result of the exchange, with the deal in place, Health Catalyst will be able to add immediate value. Health Catalyst also seeks to develop its new products and greatly increase its geographical presence in the healthcare industry.
1 Executive Summary
2 Market Introduction
2.1 Definition 19
2.2 Scope of the Study 19
2.3 Assumptions & Limitations 19
2.3.1 Assumptions 19
2.3.2 Limitations 19
2.4 Market Structure 19
3 Research Methodology
3.1 Research Process 21
3.2 Primary Research 22
3.3 Secondary Research 23
3.4 Market Size Estimation 23
3.5 Forecast Model 24
4 Market Dynamics
4.1 Introduction 26
4.2 Drivers 26
4.2.1 Increasing adoption of EHR (electronic health record)/EMR (electronic medical record) 26
4.2.1 Government initiatives for the maintenance of patients’ electronic health records 27
4.2.2 Clinical benefits associated with the application of EHR-EMR is estimated to boost the market 27
4.2.3 Drivers Impact Analysis 28
4.3 Restraints 28
4.3.1 High cost of implementing EMR & EHR followed by the need for training 28
4.3.2 Data security concerns 28
4.3.3 Restraints Impact Analysis 29
4.4 Opportunities 29
4.4.1 Growing adoption of EHRs-EMRs in untapped markets of Asia-Pacific provides opportunities for the market to grow 29
5 Market Factor Analysis
5.1 Porters Five Forces Analysis 31
5.1.1 Bargaining Power of Suppliers 32
5.1.2 Bargaining Power of Buyers 32
5.1.3 Threat of New Entrants 32
5.1.4 Threat of Substitutes 32
5.1.5 Intensity of Rivalry 32
5.2 Investment Opportunity Analysis 33
5.3 Value Chain Analysis 33
5.3.1 Inputs 34
5.3.2 Software Development Processes 34
5.3.3 Output 34
5.3.4 Marketing and Distribution 34
5.3.5 Post-Selling Services 34
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