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Dermatology EMR Software Market:Regional Analysis
On the basis of region, theglobal DermatologyEMR Software Market is segmented into North America, Latin America, Europe,Asia Pacific, Middle East, and Africa.
North America is expected toaccount for largest market share in the dermatology EMR software market, owingto adoption of EMR software with advanced features in the region. For instance,in July 2018, Modernizing Medicine, Inc., a U.S.-based company, at the AmericanAcademy of Dermatology (AAD) 2018 Summer Meeting, declared introduction of EMRsoftware with new features such as, Electronic Medical Assistant, (EMA); amobile EHR system with touch-and-swipe technology and also features thedermatology electronic health record (EHR) system, including electronic priorauthorization (ePA), Real-time Prescription Benefit, and Inventory Management.
Furthermore, in March 2018,Spectralink Corporation, a U.S.-based company, released a new line of smartphones designed specifically for use in healthcare. The Spectralink Versityphones are resistant to water and chemicals. The devices run on the latest OreoAndroid operating system and has built-in software to seamlessly integrate themwith in-hospital EMRs.
Electronic medical records (EMRs)is a part of Electronic Health Records (EHR). Dermatology outpatients includelarge number of patients with chronic diseases since they need long follow-updurations for cure. Therefore, EMRs in dermatology will be useful in recordingdermatological data. EMRs in dermatology also allows streamlined, one-clickretrieval of old records, previous investigation reports, medical bills,X-rays, and graphics of affected area on body on which the dermatologist cananalyze skin lesions along with rashes, and ulcers.
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Dermatology EMR Software Market:Drivers
Increasing awareness for use ofEMRs in healthcare sector is expected to propel growth of the dermatology EMRsoftware market. For instance, in November 2017, the Dubai Health Authority(DHA) completed the third and final phase of the unified electronic medicalrecord (EMR) system Salama, in Latifa Hospital, Hatta Hospital, ThalassemiaCentre, Dubai Gynecology and Fertility Centre, and all DHA Medical FitnessCenters across the United Arab Emirates (UAE). Salama stores vital patientinformation such as the medical history of the patient, past surgery details,lab test results, and X-ray reports, which can be easily accessed by any DHAdoctor from all DHA facilities across the UAE region.
Moreover, in September 2018, MedXHealth Corp., a Canadian company, launched DermSecure, its telemedicineplatform, in six Ontario clinics. DermSecure telemedicine platform offersbenefits to patients and primary care physicians by working with dermatologistsfor enhancing their skills in terms of disease diagnosis and treatment.
Furthermore, Apple Inc., in April2018, launched Apple Health Records feature that combines data of patients’current heath and data from their past EHR in the health app by using HL7’sFast Healthcare Interoperability Resource (FHIR) specification. This allowusers to know about their drug allergies, medications, and precautions duringtreatment. It also allow patients to check an EHR patient portal forinformation such as their laboratory test results. The users need to enter apassword to view the information, as the data is encrypted.
Furthermore, advancements in theEMR software is expected to boost growth of the dermatology EMR software market.For instance, in July 2018, Yale School of Medicine in the U.S. developed voicerecognition software for EMR, which will reduce time of physicians duringpatient consulting. Physicians can login once at the start of their shift,which will save physicians time by eliminating 20 to 140 logins per physicianper day. This has improved the user experience with EMRs.
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Dermatology EMR Software Market:Restraint
Increasing cost of EHR servicesoffered by key players is expected to hamper growth of the dermatology EMRsoftware market. For instance, in February 2018, Practice Fusion, Inc., acompany in North America, abandoned its business model that contributed to itspopularity, as it was offering free EHR software to physicians when it wasacquired by Allscripts in 2018. The company later started charging monthlysubscription fee of US$ 100 per physician per month for EMR software.Therefore, maintaining the customer base could be a challenge for the company,as it was earlier offering the same service for free.
Moreover, mergers and acquisitionsin the U.S. is also expected to drive growth of the market. For instance, inJune 2017, athenahealth, a cloud-based EHR company, acquired PraxifyTechnologies in a US$ 63 million deal. Praxify Technologies originates with anumber of applications, including a personal assistant program integrated withEHRs and artificial intelligence aimed at patient engagement. This acquisitionis expected to improve athenahealth’s performance in providing their services.
Dermatology EMR Software Market:Competitive Analysis
Strategies adopted by key playerssuch as acquisitions in Asia Pacific region is expected to boost growth of thedermatology EMR software market in this region. For instance, in August 2018,Persistent Systems, an India-based company, acquired Herald Health. HeraldHealth is a software platform that allows various hospital stakeholders to beautomatically notified when data in the EHR and other data systems changes.
Key players operating in thedermatology EMR software market include Encite, Inc., MetaOptima Australia PtyLtd, CureMD Healthcare, CloudPital, CollaborateMD Inc., eClinicalWorks,CompuGroup Medical, mdconnection, and Practice Fusion, Inc.
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