Electronic Medical Records Market – Insights

The electronic medical records (EMR) is the patient record created by providers for specific encounters in hospitals and ambulatory environments. EMR is a major data source for electronic health record (EHR).

The global electronic medical records market is estimated to account for US$ 21,845.0 Mn in terms of value by the end of 2027.

Global Electronic Medical Records Market: Drivers

Increasing Healthcare Expenditure is expected to boost growth of the global electronic medical records market over the forecast period. For instance, according to Centers for Medicare and Medicaid Services, the U.S. health spending is projected to increase at an average rate of 5.5% per year for 2018-27 and to reach US$ 6.0 trillion by 2027.

Moreover, increasing adoption of EMR technology is also expected to propel growth of the market. For instance, in 2018, Alcon, a subsidiary of Novartis Ag, announced plans to develop SMART Suite digital health platform for cataract surgery using EMR-generate data.

North America region held dominant position in the global electronic medical records market in 2018, accounting for 62.4% share in terms of volume, followed by Europe.

Figure 1. Global Electronic Medical Records Market Value (US$ Mn), by Region, 2018

Electronic Medical Records  | Coherent Market Insights

Global Electronic Medical Records Market: Restraints

The cost for implementation and maintenance of EMR is high. The costs include, purchase of hardware and software, selecting and contracting costs, and installation cost. Such scenario is expected to hamper growth of the global electronic medical records market. For instance, implementing an EMR system may cost a single physician around US$ 163,765.

Moreover, use of EMR gives rise to privacy concerns as EMR data can be misused intentionally or unintentionally or could be accessed illegally or by unauthorized persons at hospitals, clinics or healthcare facilities. Therefore, privacy and security concerns are also expected to hinder growth of the market.

Global Electronic Medical Records Market: Opportunities

In the recent past, the adoption of patient-centric EMR systems is increasing significantly as patients are opting for direct involvement throughout the documenting process. Such approach may lead to more efficient and satisfying outcomes in patient treatment. It can also reduce healthcare cost and enhance the quality and safety of clinical practices. Therefore, key players in the market can famous on developing patient-centric EMR systems to enhance their market share.

Increasing prevalence of chronic diseases and developing healthcare sector in emerging economies is also expected to offer lucrative growth opportunities for market players over the forecast period. For instance, Global Cancer Statistics 2018: GLOBOCAN, estimated 18.1 million new cases and 9.6 million cancer deaths worldwide in 2018, of which nearly one?half of the cases and over one?half of the cancer deaths in the world were expected to occur in Asia Pacific in 2018.

Electronic Medical Records  | Coherent Market Insights

Cloud-Base EMR segment in the global electronic medical records market was valued at US$ 7,262.9 Mn in 2018 and is expected to reach US$ 12,925.2 Mn by 2027 at a CAGR of 6.5% during the forecast period.

Market Trends/Key Takeaways

Increasing number of pharmacies are being integrated with EMR in order to enable communication between healthcare professionals and pharmacists. For instance, CVS Health, a pharmacy retail chain, has partnered with over 40 healthcare providers through their respective EMR platforms.

The demand for cloud-based EMR has also increased in the recent past, as it offers more agile, adaptable, and flexible access for both consumers and healthcare providers. Moreover, cloud-based EMR offers attractive benefits, particularly to smaller and mid-sized providers as it requires no installation of software or hardware. For instance, in December 2019, Omnicell, Inc., a provider of medication management solutions entered into an agreement with Kit Check to offer cloud-based solution for tracking of controlled substances.

Global Electronic Medical Records Market: Competitive Landscape

Major players operating in the global electronic medical records market include, GE Healthcare, Epic Systems Corporation, McKesson Corporation, Cerner Corporation, Allscripts Healthcare Solutions, Inc., Computer Programs and System Inc., Medical Information Technology, Inc., NextGen Healthcare Information Systems, LLC, and Greenway Health, LLC.

Global Electronic Medical Records Market: Key Developments

Key players in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in December 2019, Humana, Inc. signed a definitive agreement to acquire Enclara Healthcare, a provider of hospice pharmacy and benefit management. The acquisition extends Humana, Inc.’s portfolio to pharmacy-related needs associated with hospice care and enhanced mobile medication management and improved EMR connectivity.

Key players in the market are also focused on adopting partnership strategies to expand their product portfolio. For instance, in October 2019, Allscripts partnered with Northwell Health to develop the next-generation electronic health record (EHR).

An electronic medical record (EMR) is a structured collection of patients’ health information in a digital format. These records can be shared across different healthcare settings such as hospitals, clinics, and ambulatory surgical centers. Electronic medical records provides for better decision making by analyzing the patient’s medical history for better diagnosis and treatment. Electronic medical records are designed to improve overall quality and safety of patient care.

Key features of the study:

  • This report provides in-depth analysis of the Electronic Medical Records market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global Electronic Medical Records market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, GE Healthcare, Epic Systems Corporation, McKesson Corporation, Cerner Corporation, Allscripts Healthcare Solutions, Inc., Computer Programs and System Inc., Medical Information Technology, Inc., NextGen Healthcare Information Systems, LLC, and Greenway Health, LLC.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global Electronic Medical Records market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Electronic Medical Records market

Detailed Segmentation:

  • Electronic Medical Records Market, By Type:
    • Inpatient EMR
    • Ambulatory EMR
  • Electronic Medical Records Market, By Components:
    • EMR Software
    • EMR Services
  • Electronic Medical Records Market, By Application:
    • Client Server Setup EMR
    • Hybrid EMR
    • Cloud- Base EMR
  • Electronic Medical Records Market, By End User:
    • Hospitals
    • Specialized Clinics
    • General Physician Clinics
    • Ambulatory Surgical Centers
  • Electronic Medical Records Market, By Region:
    • North America
      • By Type:
        • Inpatient EMR
        • Ambulatory EMR
      • By Components
        • EMR Software
        • EMR Services
      • By Application:
        • Electronic Medical Records Market
        • Hybrid EMR
        • Cloud- Base EMR
      • By End User:
        • Hospitals
        • Specialized Clinics
        • General Physician Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Type:
        • Inpatient EMR
        • Ambulatory EMR
      • By Components
        • EMR Software
        • EMR Services
      • By Application:
        • Electronic Medical Records Market
        • Hybrid EMR
        • Cloud- Base EMR
      • By End User:
        • Hospitals
        • Specialized Clinics
        • General Physician Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Type:
        • Inpatient EMR
        • Ambulatory EMR
      • By Components
        • EMR Software
        • EMR Services
      • By Application:
        • Electronic Medical Records Market
        • Hybrid EMR
        • Cloud- Base EMR
      • By End User:
        • Hospitals
        • Specialized Clinics
        • General Physician Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Type:
        • Inpatient EMR
        • Ambulatory EMR
      • By Components
        • EMR Software
        • EMR Services
      • By Application:
        • Electronic Medical Records Market
        • Hybrid EMR
        • Cloud- Base EMR
      • By End User:
        • Hospitals
        • Specialized Clinics
        • General Physician Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Type:
        • Inpatient EMR
        • Ambulatory EMR
      • By Components
        • EMR Software
        • EMR Services
      • By Application:
        • Electronic Medical Records Market
        • Hybrid EMR
        • Cloud- Base EMR
      • By End User:
        • Hospitals
        • Specialized Clinics
        • General Physician Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Type:
        • Inpatient EMR
        • Ambulatory EMR
      • By Components
        • EMR Software
        • EMR Services
      • By Application:
        • Electronic Medical Records Market
        • Hybrid EMR
        • Cloud- Base EMR
      • By End User:
        • Hospitals
        • Specialized Clinics
        • General Physician Clinics
        • Ambulatory Surgical Centers
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • GE Healthcare *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Epic Systems Corporation
    • McKesson Corporation
    • Cerner Corporation
    • Allscripts Healthcare Solutions, Inc.
    • Computer Programs and System Inc.
    • Medical Information Technology, Inc.
    • NextGen Healthcare Information Systems, LLC
    • Greenway Health, LLC.

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Components
      • Market Snippets, By Application
      • Market Snippets, By End User
      • Market Snippet, By Region
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Technological Advancements
    • Key Highlights
    • Product launch
    • PEST Analysis
    • Epidemiology
  4. Global Electronic Medical Records Market, By Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Inpatient EMR
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ambulatory EMR
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Electronic Medical Records Market, By Components, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • EMR Software
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • EMR Services
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Electronic Medical Records Market, By Application, 2019 – 2027, (US$ Mn)
    • Client Server Setup EMR
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Hybrid EMR
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Cloud- Base EMR
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. Global Electronic Medical Records Market, By End User, 2019 – 2027, (US$ Mn)
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Specialized Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • General Physician Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  8. Global Electronic Medical Records Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Components, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Components, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Components, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Components, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size and Forecast, By Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Components, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Components, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  9. Competitive Landscape
    • Company Profiles
      • GE Healthcare
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Epic Systems Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • McKesson Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Cerner Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      •  Allscripts Healthcare Solutions, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Computer Programs and System Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Medical Information Technology, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • NextGen Healthcare Information Systems, LLC
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Greenway Health, LLC.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 42 market data tables and 44 figures on “Electronic Medical Records Market - Global forecast to 2027”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users