Electronic Medical Records Market Growth and Trends: Key Insights into Market Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Electronic Medical Records Market?
The surge in healthcare information technology is a major driving force behind the escalating expansion of the electronic medical records market in healthcare. Electronic medical records, a foremost application that can be generated, overseen, and accessed by authorized personnel in a healthcare institution to offer instant health services electronically, are increasingly being accepted. This fast-growing adoption of electronic medical records requires further advancement and more intuitive applications, which can be facilitated via the advanced IT industry in the healthcare realm. As per a research survey disclosed by BMC Health Services Research, an accessible healthcare journal, the adoption rate for electronic health records was 52.8%, suggesting a strong readiness among medical professionals for electronic medical records. Thus, the growth in healthcare information technology is anticipated to promote the growth of electronic medical records in the healthcare market.
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#What Long-Term Growth Rate is Expected for theElectronic Medical Records Market Between 2025 and 2034?
The size of the electronic medical records market has seen robust expansion in the recent past. It’s projected to escalate from $38.34 billion in 2024 to $40.32 billion in 2025, registering a compound annual growth rate (CAGR) of 5.2%. The noticeable growth during the history period was due to the advancement in healthcare information technology, intensifying government efforts, growing consumer demand for digital transformation in healthcare, and the onset of the COVID-19 pandemic.
The market size of electronic medical records is projected to experience robust growth in the coming years, swelling to a value of $56.96 billion in 2029 with a cumulative annual growth rate (CAGR) of 9.0%. This growth during the forecast period is likely due to advancements in healthcare information technology, amplified government initiatives, and a surge in the need for digital transformation in the healthcare sector. Key trends during this period include an emphasis on integrating artificial intelligence, adopting natural language processing technology and voice assistance technology, implementing cloud-based EHRs, forming strategic partnerships, and amplifying investments, as well as merger and acquisition activities.
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What Are the Key Market Innovations in theElectronic Medical Records Market Over the Coming Years?
Leading firms in the electronic medical records (EMR) market are concentrating on improving interoperability and data analytics, such as Patient Risk Identification, to ameliorate patient care, streamline clinical processes, and assist healthcare providers in offering more effective and organized services. Patient Risk Identification is the technique of pinpointing individuals with a high possibility of facing adverse health results based on diverse clinical, demographic, and behavioral data. For example, in February 2024, KAID Health, an American Software organization, introduced its Patient Risk Identification & Data Extraction (PRIDE) application and established its new Coding Services Group. This novel technology along with the medical coding services body aids providers to code more precisely and wholly while elevating care. It scrutinizes every new medical record, merges its content with previous EMR data, and proposes advantageous, patient-specific clinical and coding interventions.
Who Are the Top Companies Driving Innovation and Growth in theElectronic Medical Records Market?
Major companies operating in the electronic medical records market include Cerner Corporation, Allscripts Healthcare Solutions Inc, General Electric Company, Athenahealth, NextGen Healthcare Inc, Epic Systems Corp, eClinicalWorks, CPSI, Intersystems Corporation, AdvancedMD Inc, Innovaccer, Pharm Easy, 1mg, Practo, Mfine, GE Healthcare, Honeywell Lifesciences, Philips Healthcare, Systems Healthcare Solutions, McKesson Corporation, Medical Information Technology Inc, Health Information Management Systems, CureMD Healthcare, Greenway HealthLLC, WELL Health Technologies Corp, Indivica Inc, OSCARwest, MV Sistemas, Philips-Tasy, Siemens
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Which Key Market Segments Comprise the Electronic Medical Records Market and Drive Its Revenue Growth?
The electronic medical records market covered in this report is segmented –
1) By Type: Acute, Ambulatory, Post-Acute
2) By Product: Client-Server-Based EHR, Web-Based EHR
3) By Mode of Delivery: Cloud-Based Model, On-Premise Model
4) By Business Models: Licensed Software, Technology Resale, Subscriptions, Professional Services, Managed Services, Other Business Models
5) By Application: E-Prescription, Practice Management, Referral Management, Patient Management, Population Health Management, Other Applications
Subsegments:
1) By Acute: Hospital EMR Systems, Emergency Care EMR
2) By Ambulatory: Outpatient EMR Systems, Specialty Practice EMR
3) By Post-Acute: Long-Term Care EMR, Rehabilitation Facility EMR
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Which Regions Are Emerging as Leaders in the Electronic Medical Records Market?
North America was the largest region in the electronic medical records market in 2024. The Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic medical records market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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