The Hospital EMR Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Hospital EMR Systems Global Market Report 2024, The hospital emr systems market size has grown rapidly in recent years. It will grow from $17.31 billion in 2023 to $19.08 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to digital transformation in healthcare, government initiatives and regulations, need for data accuracy and accessibility, focus on patient-centric care, improvement in healthcare quality, paperless healthcare environments.
The hospital emr systems market size is expected to see strong growth in the next few years. It will grow to $25.62 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to population health management requirements, global health challenges, focus on precision medicine, cybersecurity measures, customization for specialized care, telehealth integration and support.. Major trends in the forecast period include cloud-based emr adoption, interoperability and data exchange, integration with health information exchange (hie) networks, mobile access and patient engagement, population health management, cybersecurity measures, collaboration with health tech startups.
The increase in adoption of EMR solutions worldwide is expected to propel the growth of the hospital EMR systems market going forward. A computer-based database system called an electronic medical record (EMR) system is tailored to a single doctor or a particular medical institution. It is a digital patient file that includes personal data, medical information, and a list of illnesses. EMR is a system of keeping an electronic record of patient data. An electronic medical record (EMR) is a system for storing patient data which are actively being used in hospitals. For instance, in April 2022, according to the Healthcare IT News, a US-based online publication and news source that focuses on information technology and digital health topics within the healthcare industry, 342 institutions from critical access hospitals to large health systems to specialty hospitals were touched by an EMR purchase decision (including migrations) in 2021 which is an increase of 44%. Therefore, the growing adoption of EMR is driving the hospital EMR systems market forward
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The hospital emr systems market covered in this report is segmented –
1) By Component: Services, Software, Hardware
2) By Type: General EMR Solutions, Specialty EMR Solutions
3) By Delivery Mode: On-premise, Cloud-based
4) By Hospital Size: Small and Medium-sized Hospitals, Large Hospital4
Product innovation is a key trend gaining popularity in the hospital EMR systems market. Major companies in the hospital EMR systems market are constantly introducing new technologies to strengthen their position in the market. For instance, in February 2022, MyHealthcare, an India-based healthcare technology company, launched the ‘MyHealthcare Enterprise Application (MHEA)’ for hospitals. The application is the world’s first single-screen hospital platform working on AI technology for keeping electronic medical records for out-patients, in the patient and emergency room. The MHEA ecosystem is built on a powerful, highly configurable workflow engine that enables doctors and hospital teams to manage entire patient care and hospital operations (HIMS).
The hospital emr systems market report table of contents includes:
1. Executive Summary
2. Hospital Capacity Management Solutions Market Characteristics
3. Hospital Capacity Management Solutions Market Trends And Strategies
4. Hospital Capacity Management Solutions Market – Macro Economic Scenario
5. Global Hospital Capacity Management Solutions Market Size and Growt
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26. South America Hospital Capacity Management Solutions Market
27. Brazil Hospital Capacity Management Solutions Market
28. Middle East Hospital Capacity Management Solutions Market
29. Africa Hospital Capacity Management Solutions Market
30. Hospital Capacity Management Solutions Market Competitive Landscape And Company Profiles
Top Major Players:
- GE HealthCare Technologies Inc
- Infosys Limited
- TeleTracking Technologies Inc
- McKesson Corporation
- Alcidion Corp
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