Electronic Medical Records Market : Global Industry Size, Share, Growth, Forecasts 2015 - 2023
Latest
industry research report on: Global Electronic Medical Records Market
: Industry Size, Share, Research, Reviews, Analysis, Strategies,
Demand, Growth, Segmentation, Parameters, Forecasts
An electronic
medical record
is a digital version of paper-based medical information of patients.
Such electronic medical records are aimed at improving the overall
quality of care. Electronic medical record comprises combination of
clinical, financial, demographic and coded healthcare data. Many
government organizations have also stressed upon the significance of
electronic medical records. For instance, according to the World
Health Organization, the proper collection, management and use of
information within healthcare systems will determine the system’s
effectiveness in detecting health problems, defining priorities,
identifying innovative solutions and allocating resources to improve
health outcomes. Currently, a number of hospitals and clinics are
using electronic medical records to store important documents related
to the patient’s illness. The information repository of individual
patients would lead to better security and quick data retrieval
whenever required.
Based
on software delivery mode, the electronic medical records market can
be segmented as follows:
Cloud:
Cloud computing software allows centralized data storage and online
access to services with multiple sites across geographic locations
but do not support remote access to existing network. The software
possesses the flexibility to allow anywhere and anytime access of
data records.
On-premise:
On-premises software, also known as shrink wrap, is installed and
operated from the premises of the person or any organization. It
makes use of the organization’s local computing resources and
requires a licensed software copy from an independent software vendor
Based
on end users, the electronic medical recordsmarket can be segmented
as follows:
Hospitals
Clinics
and nursing homes
Home
health agencies
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Geographically, the electronic
medical recordsmarket can be segmented into four major regions: North
America, Europe, Asia Pacific and Rest of the World (RoW). Out of
these four regions, North America holds a leading position in the
market followed by Europe. The prime factors driving the growth of
the electronic medical recordsmarket in these regions are increased
portability and accessibility of medical document management systems,
and growing demand for paperless environment to minimize human error.
Furthermore, technological advancement and modernization in the
healthcare management system and improved clinical studies are also
expected to augment the growth of the electronic medical records
market in North America and Europe. Asia Pacific is one of the
fastest growing regions globally and is expected to emerge as the
most promising market for the growth of the electronic medical
records market. The factors which would boost the growth of the
market in Asia Pacific are growing demand for better quality of care,
and increasing government initiatives to opt for patient flow
management solution and electronic health records (EHRs). Moreover,
better management of patient’s information record and increasing
need to minimize records retention costs is also expected to
accentuate the growth of the electronic medical recordsmarket in Asia
Pacific.
Various companies offer novel
systems and software for the management of health information. Such
companies have simplified the complex medical records, hence
achieving quality outcomes. Some of the top companies operating in
the electronic medical recordsmarket are 3M Company, Toshiba Medical
Systems Corp., Hyland Software, Siemens Medical Solutions, McKesson
Corporation, Henry Schein, Inc., Allscripts Healthcare Solutions,
Inc., WRS Health, Medical Information Technology, Inc. (Meditech),
Cerner Corporation,Quest Diagnostics, GE Healthcare, Epic Systems,
SequelMed, Kofax Limited and others.
This research report analyzes
this market on the basis of its market segments, major geographies,
and current market trends. This report provides comprehensive
analysis of
Market growth drivers
Factors limiting market
growth
Current market trends
Market structure
Market projections for
upcoming years
This report is a complete study
of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It
includes analysis of recent developments in technology, Porter’s
five force model analysis and detailed profiles of top industry
players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with
detailed value chain analysis.
Reasons for Buying this
Report
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It provides a forward
looking perspective on different factors driving or restraining
market growth
It provides a six-year
forecast assessed on the basis of how the market is predicted to grow
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the key product segments and their future
It provides pin point
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business decisions by having complete insights of market and by
making in-depth analysis of market segments
It provides distinctive
graphics and exemplified SWOT analysis of major market segments
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