The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s hospital EMR systems market report forecasts the hospital EMR systems market size to grow to $23.74 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.

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Hospital EMR Systems Market Size Forecast
The global hospital EMR systems market is expected to grow from $15.63 billion in 2022 to $17.08 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hospital EMR systems market size is expected to grow to $23.74 billion in 2027 at a CAGR of 8.6%.

North America held the largest hospital EMR systems market share.

Key Hospital EMR Systems Market Driver ­– Increase In Adoption Of EMR Solutions Worldwide
For instance, according to Definitive Healthcare, a US-based provider of data and intelligence on hospitals, physicians, and other healthcare providers, in 2020, more than 89 percent of hospitals worldwide and nearly 95 percent of critical access hospitals deployed inpatient or ambulatory EMR systems respectively. Therefore, the growing adoption of EMR is driving the hospital EMR systems market forward.

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Key Hospital EMR Systems Market Trend – Product Innovation
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).

Hospital EMR Systems Market Segment
1) By Type: General EMR Solutions, Specialty EMR Solutions
2) By Hospital Size: Small and Medium-sized Hospitals, Large Hospitals
3) By Delivery Mode: On-premise, Cloud-based
4) By Component: Services, Software, Hardware

Hospital EMR Systems Market Major Players and Strategies
Major players in the hospital EMR systems market are Cerner Corporation, Epic Systems Corporation, Allscripts Healthcare Solutions Inc., Medical Information Technology Inc., Computer Programs and Systems Inc., GE Healthcare, Athenahealth Inc., MEDHOST Inc., eClinicalWorks India Private Limited, NextGen Healthcare Information Systems LLC, Intersystems Corporation, MTBC (Medical Transcription Billing Corporation), Cantata Health Solutions, Advanced Data Systems Corporation, and CureMD.com Inc.

In April 2022, Netsmart Technologies, a US-based health information technology company, acquired TheraOffice for an undisclosed amount. With this acquisition, netsmart branched out into physical therapy and rehabilitation space. TheraOffice is a US-based health EMR services provider for physical therapy and rehabilitation providers.

The Hospital EMR Systems Global Market Report 2023 covers regional data on hospital EMR systems market size, hospital EMR systems market trends and drivers, opportunities, strategies, and hospital EMR systems market competitor analysis. The countries covered in the hospital EMR systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Hospital EMR (electronic medical records) is a system of keeping electronic records of health-related information of an individual that has undergone treatment in the hospital. The primary objective of a hospital EMR system is to provide a systematised collection of electronically recorded health information in digital format for patients and populations.

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