Scope in Healthcare Industry to Assist EHR-EMR Market Attain 10.9% CAGR by 2023

Pune, India, October, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on  EHR-EMR Market Research Report.

Overview:

The global electronic health record (EHR) electronic medical record (EMR) market can expect a surge in its market valuation from USD 70 billion to USD 120 billion by 2023. Market Research Future (MRFR) reports that a CAGR of 10.9% the EHR-EMR market can attain during the forecast period (2017-2023). The report further encompasses market influencers such as IT integration and simplification of service in healthcare. Increasing volume of medical records needs proper maintenance and easy access which IT is solving and giving a tailwind to EHR-EMR market.

Although EHR-EMR is bringing in considerable change, its initial implementation is costly which many institutions wish to avoid. Data breach owing to IT integration and lack of skilled professional can also be seen as an EHR-EMR market deterrent. However, it reduces recurring costs and eases up the entire management procedure which can steer the EHR-EMR market away from financial crunches during the forecast period.

Industry Trend:

Ochsner Health System and Bon Secours Mercy Health are large health systems that are planning on customizing EHR-EMR to gain the most by managing opioid addiction of patients. Opioid addiction is raising quite a few eyebrows where this new method can help substantially.

EHR coordination is becoming a challenge as different hospitals are using different software. To counter that Redivus is developing one for Saint Luke to make it easier for all to comprehend the situation and come to the same page before taking decisions.

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Segmentation:

The global EHR-EMR market can be segmented by types and mode of delivery.

Type-wise, EHR-EMR market segmentation includes emergency care, perioperative care, mobile applications for doctors and nurses and others. Mobile applications for doctors and nurses mainly work on iOS and Android platform.  Other types include wound care and patient engagement.

Based on mode of delivery, the EHR-EMR market can be segmented into on-premise and cloud-based.

Regional Analysis

The region-specific detailing of the EHR-EMR market includes the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

The Americas has the most substantial share of the global EHR-EMR market. The position can be attributed to world-class infrastructure, state-of-the-art facilities and increasing healthcare investment. Furthermore, the regional EHR-EMR market is enjoying the presence of several market influencers who are operating from the region and the number of super specialty hospitals where EHR-EMR can find easy access.

Europe is assuming the second spot where patient engagement in healthcare has increased over time, and administration facilities are gaining prominence. Europe market is getting followed by the APAC market. Many countries are revamping healthcare sector which also is acting like a significant EHR-EMR market booster.

Competitive Insight:

Age-old tactics such as mergers, acquisitions, collaborations, and others are proving effective. New product launch and innovative tactical moves are also having great impact on the regional market expansion. For instance, Netsmart, in 2018, bought Change Healthcare’s home health IT solutions and cloud-based software company HomeCare Accounting Solutions (HAS). Allscripts also acquired McKesson’s hospital and health system IT business, Enterprise Information Solutions, which can take the market forward.    

Prominent players engaging in the global EHR-EMR market are Cerner Corporation (U.S), Epic Systems Corporation (U.S), Allscripts (U.S), QSI Management, LLC (U.S), General Electric Company (U.S), eClinicalWorks (U.S), McKesson Corporation (U.S), Greenway Health, LLC (U.S), and others.