PUBLISHER: The Business Research Company | PRODUCT CODE: 1619788
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619788
Obstetrics and gynecology electronic medical record (OBGYN EMR) software is a specialized digital tool designed for managing and recording the medical history of obstetrics and gynecology patients. This software is tailored specifically to meet the needs of OBGYN practitioners by offering features and functionalities that support their practice. It aids in streamlining workflows, enhancing patient care, and boosting overall practice efficiency within the field of obstetrics and gynecology.
OBGYN EMR software primarily comes in two forms on-premise and cloud-based. On-premise OBGYN EMR software is an electronic medical records system installed and maintained on the healthcare provider's own servers and infrastructure, customized for obstetrics and gynecology practices. It can be accessed via web and mobile platforms and is utilized in hospitals, clinics, and research centers by various end-users, including physicians and patients.
The OBGYN EMR software market research report is one of a series of new reports from The Business Research Company that provides OBGYN EMR software market statistics, including OBGYN EMR software industry global market size, regional shares, competitors with a OBGYN EMR software market share, detailed OBGYN EMR software market segments, market trends and opportunities, and any further data you may need to thrive in the OBGYN EMR software industry. This OBGYN 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 OBGYN EMR software market size has grown rapidly in recent years. It will grow from $3.86 billion in 2023 to $4.47 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%. The expansion during the historic period is due to government incentives and funding for the adoption of EHR systems, the rising use of mobile health applications, a stronger focus on preventive care, an increase in healthcare facilities implementing EMR systems, and the growth of value-based care models.
The OBGYN EMR software market size is expected to see rapid growth in the next few years. It will grow to $8.01 billion in 2028 at a compound annual growth rate (CAGR) of 15.7%. The anticipated growth in the forecast period is driven by the increasing adoption of electronic health records, a rising demand for enhanced patient care and clinical efficiency, a higher number of high-risk pregnancies, a growing emphasis on evidence-based medicine, and an increase in healthcare digitization. Key trends expected during this period include integration with maternal-fetal medicine (MFM) specialties, advancements in healthcare technology, a demand for more streamlined clinical workflows, progress in cloud-based solutions, and technological advancements in artificial intelligence (AI).
The growing adoption of electronic health records (EHRs) is anticipated to drive the expansion of the OBGYN EMR software market. EHRs are digital versions of traditional paper charts, offering real-time, patient-centered records that are instantly and securely accessible to authorized users. The rise in EHR use is fueled by the need for better patient care through more efficient data management and the movement towards digitizing healthcare to boost efficiency, accessibility, and regulatory compliance. OBGYN EMR software enhances EHR systems by offering specialized tools for managing obstetric and gynecological care, thus improving documentation and workflow. For example, as of November 2023, data from the Centers for Disease Control and Prevention (CDC) indicated that 88.2% of office-based physicians in the U.S. were using an EMR system, with 77.8% having adopted a certified EMR or EHR system. This growing adoption of EHRs is fueling the development of the OBGYN EMR software market.
Leading companies in the OBGYN EMR software market are concentrating on creating advanced technological solutions, such as maternal-fetal medicine (MFM) tools, to improve patient care and clinical efficiency. Maternal-fetal medicine is a subspecialty within obstetrics that focuses on managing high-risk pregnancies and diagnosing complex fetal conditions. For example, in September 2023, Modernizing Medicine Inc., a software company based in the U.S., incorporated MFM features into its EHR system designed for obstetricians and gynecologists. This enhancement offers advanced tools for maternal and fetal care and integrates seamlessly with the existing EHR platform, aiding in the management of high-risk pregnancies and enhancing patient outcomes. Notably, the MFM-enhanced OBGYN-EHR suite includes a unique feature for generating consult notes specifically for referring physicians.
In November 2023, Thoma Bravo, a private equity firm based in the U.S., acquired NextGen Healthcare Inc. for $1.8 billion. Thoma Bravo plans to bolster its healthcare technology portfolio by acquiring NextGen, aiming to leverage its EHR solutions and customer base to drive innovation, expand market reach, and address the growing demand for integrated healthcare technology. NextGen Healthcare Inc. is a U.S.-based provider of cloud-based EMR software tailored for obstetricians and gynecologists.
Major companies operating in the OBGYN EMR software market are McKesson Corporation, Cerner Corporation, Athenahealth Inc., eClinicalWorks LLC, MTBC Inc., A Harris Healthcare Company, Bizmatics Inc., Modernizing Medicine Inc., Greenway Health LLC, Kareo Inc., Qualifacts, AdvancedMD Inc., CureMD Inc., PracticeSuite Inc., Practice Fusion Inc., DrChrono Inc., InSync Healthcare Solutions LLC, WRS Health Resources and Guides, ChartLogic Inc., Azalea Health Co., AllegianceMD Software Inc.
North America was the largest region in the OBGYN EMR software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the OBGYN EMR software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the OBGYN EMR software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The OBGYN EMR software market includes revenues earned by entities by providing services such as appointment scheduling and management, clinical documentation, electronic prescribing and reporting, and analytics. 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.
OBGYN 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 obgyn 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 obgyn 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 obgyn 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.