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Global & US EHR/EMR Market Size Expected To Expand At A Steady 2023-2031

Global & US EHR/EMR Market Size Expected To Expand At A Steady 2023-2031

The recent analysis by Report Ocean on the Global & US EHR/EMR Market Report 2022 revolves around various aspects of the market, including characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, strategies, etc. It also includes COVID-19 Outbreak Impact, accompanied by traces of the historic events. The study highlights the list of projected opportunities, sales and revenue on the basis of region and segments. Apart from that, it also documents other topics such as manufacturing cost analysis, Industrial Chain, etc. For better demonstration, it throws light on the precisely obtained data with the thoroughly crafted graphs, tables, Bar & Pie Charts, etc.

Global & US EHR/EMR Market Information By Component (Software, Services & Consulting, Hardware), By Application (Specialty Based, Cardiology, Neurology, Oncology, Radiology, General Based), By Mode of Delivery (On-Premise Model, Cloud-Based), By End User (Hospitals, Ambulatory Care, Diagnostic Centers, Others), By Region (Americas, Europe and Asia-Pacific) – Global Forecast till 2023

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The Global & US EHR/EMR Market is expected to reach the value of USD 42,427.27 Mn by 2027 by growing at a CAGR of 5.82% during the forecast period, 2018 to 2027.

What is the Global & US EHR/EMR?

The global Electronic Health Record (EHR) and Electronic Medical Record (EMR) market has witnessed significant growth in recent years, driven by the increasing adoption of digital healthcare solutions, the need for efficient patient data management, and the growing focus on healthcare interoperability. In the United States, which represents one of the largest EHR/EMR markets globally, government incentives and regulatory requirements have further accelerated the adoption of these systems.

In the United States, the implementation of the Health Information Technology for Economic and Clinical Health (HITECH) Act in 2009 provided financial incentives for healthcare providers to adopt EHR systems. As a result, the adoption of EHRs in the country surged, with a majority of healthcare organizations transitioning from paper-based records to digital solutions.

The benefits of EHR/EMR systems in the US healthcare industry are multifold. They enhance the accuracy of medical records, reduce the risk of errors, improve the accessibility of patient data, and streamline administrative processes. The shift towards EHRs has also empowered patients to have greater access to their own health information and engage more actively in their healthcare decisions.

Interoperability is a crucial focus in the EHR/EMR market. The ability of these systems to seamlessly exchange data between different healthcare providers, laboratories, and pharmacies is vital for enhancing patient care and improving healthcare outcomes. Achieving true interoperability, however, remains a challenge due to differences in system standards, regulations, and data privacy concerns.

The global EHR/EMR market is not limited to the United States alone. It has witnessed significant growth in other regions as well, with Europe, Asia, and the Middle East gradually adopting EHR systems to improve healthcare quality and efficiency. As a result, EHR/EMR vendors have expanded their presence globally.

However, the EHR/EMR market is not without its challenges. Concerns over data security and privacy persist, and healthcare organizations need to invest in robust cybersecurity measures to protect sensitive patient information. Moreover, the cost of implementing EHR systems can be substantial, and smaller healthcare facilities may face financial constraints in their adoption efforts.

In terms of market competition, several EHR/EMR vendors dominate the industry, with companies such as Epic Systems, Cerner, and Allscripts leading the way. These vendors offer comprehensive EHR solutions that cater to the diverse needs of healthcare providers.

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Key Players

Epic Systems, Advanced Data Systems Corporation, Allscripts Healthcare Solutions, Cerner Corporation, Koninklijke Philips N.V., among others are some of the major players in the Global & US EHR/EMR Market.

Scope of the Report:

This comprehensive analysis delves into the effects of COVID-19 on the worldwide market, offering insights from both a global and regional viewpoint. The financial landscape of the industry saw a valuation of millions in 2022, which surged to its peak in 2023, and is projected to achieve another pinnacle by 2031, demonstrating a remarkable compound annual growth rate (CAGR) for the period between 2023 and 2031. The study places a strong emphasis on a detailed market assessment of the impact of COVID-19, presenting strategic response plans tailored to diverse regions, including North America, Europe, China, and Japan.

Some Important Questions Answered in Market Report:

  • What will be the market growth rate, overview, and analysis by type in 2031?
  • What are the primary factors influencing market dynamics?
  • What are the drivers, challenges, and business risks in the market?
  • What are the overall market dynamics? Does the overview include scope analysis and price analysis of key manufacturer profiles?
  • What are the opportunities, risks, and driving forces in the market?
  • Who are the main manufacturers in the market?
  • What factors are driving and limiting this industry?
  • What are the conditions for market growth?
  • What are the industry opportunities and segment risks faced by major vendors?
  • What are the strengths and weaknesses of the main providers?

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