Rising demand for Hospital EMR Systems to reach USD 20 Billion at a CAGR of 7.7% during the forecast period 2021-2026:
Research Informatic Press Release/Research Informatic has published a Research Report on the "Global Hospital EMR Systems Market."
Market Overview
The global hospital EMR systems market is anticipated to secure USD 20 Billion and expand at a CAGR of 7.7% during the forecast period. The market's growth can be attributed to the increasing number of hospitals adopting EMR solutions across the globe. Further, the need to reduce the surging healthcare costs, government mandates, and growing support to increase the adoption of hospital EMR solutions are likely to boost the market in the coming time.
In addition, the outbreak of COVID-19 enhanced the patient volume, thereby bolstering the market. Moreover, strict adherence to government regulations and legislation to simplify patient care, like the Health Insurance Portability and Accountability Act of 1996 (HIPAA), is expected to augment the industry expansion in the forecast period. Also, the increasing demand for cloud-based EMR solutions and the growing shift towards patient-centric healthcare delivery systems are some of the opportunities that await the industry.
On the contrary, high expenses associated with EMR solutions and concerns with data security are expected to hinder the market expansion during the forecast period.
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Market Segmentation
The global hospital EMR systems market can be segmented on component, type, delivery mode, application, and hospital size.
- The global hospital EMR systems market can be segmented into hardware, software, and services based on components. The services segment is expected to secure the largest market share during the forecast period.
- The global hospital EMR systems market can be segmented into on-premises and cloud-based based on delivery mode. The cloud-based segment is projected to be the fastest-growing segment during the forecast period between the two.
- The global hospital EMR systems market can be segmented into administrative application, reporting in the healthcare system, healthcare financing, clinical application, and clinical research application. The clinical application segment is expected to gain significant traction during the review period.
- Based on hospital size, the global hospital EMR systems market can be segmented into small and medium-sized hospitals and large hospitals. The large hospital segment is projected to gain maximum traction during the forecast period between the two segments.
Regional Analysis
As per the analysis, the global hospital EMR is expected to dominate North America during the forecast period. The regional market's growth can be attributed to the rapid adoption of cloud-based solutions. Further, the government mandates for implementing HER solution is another salient cause bolstering the market significantly. Besides, the presence of major HER vendors like Epic Systems Corporation, Cerner Corporation, Meditech, CPSI, and Allscripts Healthcare Solutions can boost the market expansion in the coming time. The US is expected to make the most significant contribution to developing the regional market.
APAC is projected to expand at the fastest CAGR during the forecast period. The ongoing developments in the healthcare sector are expected to augment the market growth in the forecast period. In addition, the presence of developing countries such as; India, China, and Japan is likely to act as a significant asset to the region. Furthermore, the growing selection of EMR, rising economy, growing awareness, and government and private organization participation are other vital factors propelling the APAC market.
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List of Key Players of Eczema Therapeutics Market:
- Epic Systems Corporation
- Allscripts Healthcare Solutions
- Meditech
- MTBC
- MEDHOST
- Cantata Health
- And CureMD.
Recent key developments in the industry are:
- In 2019, MEDITECH: worked with Google to provide HER information through the Google Cloud Platform. It aimed to convey information, upgrade versatility, and motive interoperability safely.
- In 2019, NextGen: Healthcare obtained OTTO Health which assisted the organization in providing incorporated virtual consideration capacities to its product.
Some Points from Table of Contents of Global Oral spray Market:
Chapter 1 Hospital EMR Systems Market Overview
1.1 Product Overview and Scope of Hospital EMR Systems
1.2 Hospital EMR Systems Market Segmentation by Type
1.2.1 Global Production Market Share of Hospital EMR Systems by Type in 2020
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
1.3 Hospital EMR Systems Market Segmentation by Application
1.3.1 Hospital EMR Systems Consumption Market Share by Application in 2020
1.3.2 Application 1
1.3.3 Application 2
1.3.4 Application 3
1.4 Hospital EMR Systems Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.5 Global Market Size (Value) of Hospital EMR Systems (2014-2027)
Chapter 2 Global Economic Impact on Hospital EMR Systems Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions
Chapter 3 Global Hospital EMR Systems Market Competition by Manufacturers
TOC Continued……
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