Global Hospital EMR Systems Market: Overview

Electronic medical record (EMR) systems, sometimes used synonymously with electronic health records (EHR) systems, have gained widespread traction in medical practices across the globe. Hospital EMR systems can be in the form of hardware, software, and services, and can be deployed as on-premise or as cloud-based model. They serve a range of functions, such as offering computerized physician order entry, clinical data repository, clinical decision support, and controlled medical vocabulary.

The demand for EMR systems rides on the back of rapid pace of digitization in healthcare services, including those offered by hospitals. The drive for hospital EMR systems stems from the need for improving productivity in medical practices, improving the quality of care for patients, and boosting revenue cycles of hospitals. In addition, stringent adherence to government regulations and legislations, such as the Health Insurance Portability and Accountability Act of 1996 (HIPAA), for streamlining patient care has also bolstered the uptake of hospital EMR systems.

The study evaluates the potential of the hospital EMR systems in various regions and shines light on lucrative avenues. The insights and projections are helpful for stakeholders to identify key investment pockets and gain clarity on profitable segments during the assessment period 2018–2026.

Global Hospital EMR Systems Market: Trends and Opportunities

The growing need to bring down the cost of quality care in hospitals for patient population is a key factor underpinning the evolution of the hospital EMR systems market. The demand has gained considerable momentum from rising efforts by governments in several countries to streamline in-patient care. Flexibility in customization in meeting the needs of various general and specialized health professionals will expand the potential of the global hospital EMR systems market. On-premise hospital EMR systems are witnessing vast uptake in various regions. This is on account of their reduced risk of data breaches, ease of transition from one system to another, access to services or products from multiple vendors. However, in recent years, cloud-based hospital EMR systems have also made rapid strides, thus unlocking promising prospects.

However, there are still some genuine considerations to take into account for companies in the hospital EMR systems market. The interoperability of software with different hospital EMR systems and the lack of skilling opportunities for clinicians operating these systems are some of the most notable concerns. Moreover, there still remains a dearth of user-friendly hospital EMR systems that can be used by medical professionals of different specialties.

Global Hospital EMR Systems Market: Regional Outlook

On the regional front, developed regions, particularly North America, have emerged as increasingly lucrative regional markets for hospital EMR systems. Various factors account for sizeable demand in North America. Rapid digitalization of patient care, coupled with substantial favorable regulatory impetus, is a key trend underpinning the attractiveness of this regional market. Developing regions in all likelihood are expected to present large lucrative prospects to vendors of hospital EMR systems.

Global Hospital EMR Systems Market: Competitive Landscape

The study offers a granular assessment of the competitive dynamics of the global hospital EMR systems market. The analyses evaluate the impacts of recent strategic moves by various players on the dynamics. The report also sheds light on major product development efforts by key players and technological improvements they have brought in recent years. Some of the prominent companies in the hospital EMR systems market are Intersystems Corporation, MEDHOST, Medical Information Technology, Inc., Allscripts Healthcare Solutions, Inc., Epic Systems Corporation, and Cerner Corporation.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.