PUBLISHER: The Business Research Company | PRODUCT CODE: 1619604
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619604
Gastroenterology electronic medical records (EMR) software consists of specialized digital tools designed to handle both clinical and administrative tasks in gastroenterology practices. These systems cater specifically to the needs of gastroenterologists and their patients, providing features that support the diagnosis, treatment, and management of gastrointestinal conditions.
The main types of gastroenterology EMR software are cloud-based and on-premise. Cloud-based gastroenterology EMR software is hosted on remote servers, enabling the electronic management of patient data, medical records, and practice operations. It offers benefits such as remote accessibility, automatic updates, and reduced IT maintenance. This software is used in hospitals, clinics, and research institutes, serving end-users such as physicians and patients.
The gastroenterology electronic medical records (EMR) software market research report is one of a series of new reports from The Business Research Company that provides gastroenterology electronic medical records (EMR) software market statistics, including gastroenterology electronic medical records (EMR) software industry global market size, regional shares, competitors with a gastroenterology electronic medical records (EMR) software market share, detailed gastroenterology electronic medical records (EMR) software market segments, market trends and opportunities, and any further data you may need to thrive in the gastroenterology electronic medical records (EMR) software industry. This gastroenterology electronic medical records (EMR) software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The gastroenterology electronic medical records (EMR) software market size has grown rapidly in recent years. It will grow from $2.56 billion in 2023 to $2.87 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to the rising use of EMR data for clinical research, the expanding population, increasing patient volumes, heightened awareness, and regulatory requirements.
The gastroenterology electronic medical records (EMR) software market size is expected to see rapid growth in the next few years. It will grow to $4.53 billion in 2028 at a compound annual growth rate (CAGR) of 12.1%. The growth in the forecast period can be attributed to a heightened focus on patient safety, growing demand for advanced healthcare solutions, increased need for healthcare services, the rise of genomic medicine, and greater adoption of personalized medicine. Major trends in the forecast period include enhanced research and data utilization, clinical integration, remote monitoring and telehealth, chronic disease management, and improved resource allocation and management.
The increasing prevalence of chronic gastrointestinal diseases is anticipated to drive the growth of the gastroenterology electronic medical records (EMR) software market. Chronic gastrointestinal diseases, which impact the digestive system including the stomach, intestines, esophagus, liver, and pancreas, are on the rise due to factors such as dietary changes, lifestyle modifications, an aging population, environmental influences, and genetic predisposition. Gastroenterology EMR software plays a critical role in managing and tracking these conditions, such as inflammatory bowel disease (IBD), by streamlining patient data, enhancing treatment accuracy, and supporting continuous care. For instance, in September 2023, the IBD Clinical and Research Centre, a Canada-based organization, reported that IBD affects over 320,000 Canadians, with a prevalence rate of 825 per 100,000 people. The prevalence is projected to increase by 2.44% annually, with an estimated 470,000 individuals expected to be living with IBD by 2035. This rising prevalence is fueling the growth of the gastroenterology EMR software market.
Major companies in the gastroenterology electronic medical records (EMR) software market are focusing on developing advanced technologies, including artificial intelligence tools, to improve diagnostic accuracy, automate workflows, and provide personalized patient care. AI tools are software applications or systems that leverage artificial intelligence technologies to perform tasks that usually require human intelligence. For example, in January 2024, GI Alliance, a gastroenterology management company based in the US, partnered with Ambience Healthcare, a US-based healthcare technology firm, to create a comprehensive suite of artificial intelligence documentation tools tailored specifically for gastroenterology. This partnership aims to integrate advanced EMR solutions that streamline operations, enhance patient outcomes, and improve data management within gastroenterology practices.
In November 2023, Thoma Bravo, a US-based private equity firm, acquired NextGen Healthcare Inc. for $1.8 billion. This acquisition aims to accelerate NextGen's innovation in healthcare solutions and enhance growth by leveraging Thoma Bravo's expertise in software investments to address challenges in ambulatory care and improve patient outcomes. NextGen Healthcare, a US-based provider, offers a range of healthcare technologies, including gastroenterology EMR software solutions.
Major companies operating in the gastroenterology electronic medical records (EMR) software market are McKesson Corporation, Cerner Corporation, Epic Systems Corporation, Athenahealth Inc., Allscripts Healthcare Solutions Inc., eClinicalWorks LLC, CompuGroup Medical SE & Co. KGaA, Medical Information Technology Inc., CareCloud Inc., Greenway Health LLC, Modernizing Medicine Inc., PracticeSuite Inc., DrChrono Inc., Compulink Healthcare Solutions, AdvancedMD Inc., CureMD.com Inc., ChartLogic Inc., AllegianceMD Software Inc., InSync Healthcare Solutions LLC, Bizmatics Inc., Nuesoft Technologies Inc.
North America was the largest region in the gastroenterology electronic medical records (EMR) software market in 2023. The regions covered in the gastroenterology electronic medical records (EMR) software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the gastroenterology electronic medical records (EMR) software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The gastroenterology electronic medical records (EMR) software market includes revenues earned by entities by providing services such as clinical documentation, procedure documentation, patient history management, billing and coding, appointment scheduling, and telehealth services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Gastroenterology Electronic Medical Records (EMR) Software Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on gastroenterology electronic medical records (EMR) software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for gastroenterology electronic medical records (EMR) software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The gastroenterology electronic medical records (EMR) software market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.