Future Growth Forecast For The Electronic Medical Records Global Market 2023-2032
The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.
The global electronic medical records (EMR) market has witnessed a steady rise, growing from $33.99 billion in 2022 to $36.13 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. Projections indicate a further surge, reaching $45.46 billion in 2027, with a CAGR of 5.9%. This growth is primarily fueled by the increasing integration of healthcare information technology.
The Driving Force: Healthcare Information Technology
- Healthcare IT’s Impact: The significant growth in healthcare information technology serves as a catalyst for the expansion of the electronic medical records market.
- Application Significance: EMRs enable the creation, management, and access to patient records, ensuring the prompt provision of healthcare services electronically.
- Adoption Rate: A research survey published by BMC Health Services Research indicates a noteworthy 52.8% adoption rate of electronic health records, demonstrating a readiness among healthcare professionals for EMR adoption.
Key Players in the EMR Market
- Market Leaders: Major players driving the electronic medical records market include AdvancedMD Inc., Allscripts Healthcare, Athenahealth, Cerner Corp., CureMD Healthcare, EClinicalWorks, Epic Systems, GE Healthcare, Greenway Health, McKesson Corporation, NextGen Healthcare Inc., GoodWill, IBM, Modernizing Medicine Inc., Neusoft, and PCCW Solution.
AI Revolutionizing EMR
- Incorporating AI: The integration of artificial intelligence (AI) is reshaping the EMR landscape, particularly in predicting clinical outcomes based on electronic health records (EHR).
- AI Capabilities: AI facilitates the analysis, display, and comprehension of complex medical and healthcare data, mirroring human behavior.
- Practical Application: Suki, a USA-based AI-powered voice solutions company, exemplifies this trend with its AI Assistant, which converts spoken words of doctors into written form, providing voice-enabled clinical digital assistance.
The global electronic medical records market is segmented into various categories, reflecting its diverse landscape:
- By Type:
- By Product:
- Client-Server-Based EHR
- Web-Based EHR
- By Mode of Delivery:
- On-Premise Model
- By Business Models:
- Licensed Software
- Technology Resale
- Professional Services
- Other Business Models
- By Application:
- Practice Management
- Referral Management
- Patient Management
- Population Health Management
- North America: Emerging as the leader, North America dominated the electronic medical records market in 2022.
- Asia-Pacific: Anticipated as the fastest-growing region, the Asia-Pacific is expected to witness substantial growth in the electronic medical records market during the forecast period.
View More On The Electronic Medical Records Market Report 2023 – https://www.thebusinessresearchcompany.com/report/electronic-medical-records-global-market-report
RequestA Sample Of The Global Electronic Medical Records Market Report 2023:
The Electronic Medical Records Global Market Report 2023 provides a comprehensive overview on the electronic medical records market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies
View More Related Reports –
Ambulatory Electronic Medical Records Global Market Report 2023
Hospital Information System Global Market Report 2023
Pharmacies And Healthcare Stores Global Market Report 2023
Follow us on:
Global Market Model:https://www.thebusinessresearchcompany.com/global-market-model