PUBLISHER: The Business Research Company | PRODUCT CODE: 1659141
PUBLISHER: The Business Research Company | PRODUCT CODE: 1659141
A Hospital Electronic Medical Records (EMR) system refers to a digital system for maintaining electronic records of health-related information for individuals who have undergone treatment in a hospital. The primary goal of a hospital EMR system is to systematically collect and store health information in digital format for patients and populations.
Hospital EMR systems come in two main types such as general EMR solutions and specialty EMR solutions. General EMR solutions are designed for collecting, storing, and managing medical records in general-purpose hospitals, helping track general illnesses in these healthcare settings. The system can cater to hospitals of different sizes, including small and medium-sized hospitals as well as large hospitals. It is available in various delivery modes, such as on-premise and cloud-based solutions. The components of hospital EMR systems include services, software, and hardware.
The hospital EMR systems in the plastic and rubber industry market research report are one of a series of new reports from The Business Research Company that provides hospital EMR systems in the plastic and rubber industry market statistics, including hospital EMR systems in the plastic and rubber industry global market size, regional shares, competitors with hospital EMR systems in the plastic and rubber industry market share, detailed hospital EMR systems in the plastic and rubber industry market segments, market trends and opportunities, and any further data you may need to thrive in the hospital EMR systems in the plastic and rubber industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The hospital emr systems market size has grown strongly in recent years. It will grow from $18.65 billion in 2024 to $20.34 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to digital transformation in healthcare, government initiatives and regulations, need for data accuracy and accessibility, focus on patient-centric care, improvement in healthcare quality, paperless healthcare environments.
The hospital emr systems market size is expected to see strong growth in the next few years. It will grow to $27.51 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to population health management requirements, global health challenges, focus on precision medicine, cybersecurity measures, customization for specialized care, telehealth integration and support. Major trends in the forecast period include cloud-based EMR adoption, interoperability and data exchange, integration with health information exchange (hie) networks, mobile access and patient engagement, population health management, cybersecurity measures, collaboration with health tech startups.
The growing adoption of EMR (Electronic Medical Record) solutions worldwide is anticipated to drive the growth of the hospital EMR systems market in the future. An EMR system is a computer-based database specifically designed for individual doctors or particular medical institutions. It serves as a digital patient file, encompassing personal data, medical history, and a record of illnesses. This system facilitates the electronic storage of patient information and is actively utilized in hospitals. For instance, in November 2022, a report from the National Center for Biotechnology Information, a U.S. government agency, indicated that user propensity to adopt EMR increased by 18.357 times with each unit rise in the perception of its usefulness. Thus, the increasing adoption of EMR systems is propelling the growth of the hospital EMR systems market.
The rising healthcare costs are projected to drive the growth of the hospital EMR (Electronic Medical Record) systems market in the coming years. Healthcare costs encompass the expenses related to the provision of medical services, treatments, and products aimed at maintaining or enhancing an individual's health. EMR systems can facilitate more cost-efficient and high-quality healthcare delivery by improving operational efficiency, enhancing clinical decision support, and reducing medication errors. For example, in March 2024, the Health Foundation, a UK-based non-governmental organization, reported that planned health spending in the UK is anticipated to increase to $240 billion (£192 billion) in 2024/25, up from $227.5 billion (£182 billion) in 2022/23. Additionally, a January 2024 report from KFF Health System Tracker, a U.S.-based independent health policy research source, indicated that health spending in the U.S. is expected to grow by 5% from 2023 to 2024, reaching $4.9 trillion. Consequently, the rising healthcare costs are driving the growth of the hospital EMR systems market.
A key trend in the hospital EMR systems market is the emphasis on product innovation by major industry players. These companies continually introduce cutting-edge technologies to reinforce their market positions. For instance, in February 2022, MyHealthcare, an India-based healthcare technology company that launched the 'MyHealthcare Enterprise Application (MHEA).' This application, driven by AI technology, provides a comprehensive single-screen hospital platform for managing electronic medical records across various settings. The integration of innovative technologies reflects the industry's commitment to advancing EMR systems, influencing the hospital EMR systems market's trajectory.
Major companies operating in the hospital EMR systems market are prioritizing user-friendly platforms to deliver reliable services. A user-friendly platform in hospital EMR systems ensures an intuitive interface and efficient workflows, facilitating seamless navigation for healthcare professionals. Syra Health Corp, a US-based healthcare company, exemplifies this focus with the launch of CarePlus in October 2023. CarePlus is a scalable, secure, and user-friendly platform designed for small- to medium-sized healthcare facilities. Its unique features, including interoperability and cost-effectiveness, contribute to streamlining clinical operations. The commitment to user-friendly platforms underscores the importance of accessibility and efficiency, shaping the dynamics of the hospital EMR systems market.
In April 2022, Netsmart Technologies, a prominent health information technology company based in the United States, successfully acquired TheraOffice for an undisclosed sum. This strategic acquisition marks Netsmart's expansion into the physical therapy and rehabilitation space. TheraOffice, the acquired entity, is a U.S.-based provider of health Electronic Medical Record (EMR) services specifically tailored for physical therapy and rehabilitation providers.
Major companies operating in the hospital emr systems market are Cerner Corporation, Epic Systems Corporation, Allscripts Healthcare Solutions Inc., Medical Information Technology Inc., Computer Programs and Systems Inc., GE Healthcare Technologies Inc., Athenahealth Inc., MEDHOST Inc., eClinicalWorks India Private Limited, NextGen Healthcare Information Systems LLC, Intersystems Corporation, Cantata Health Solutions, Advanced Data Systems Corporation, CureMD.com Inc., McKesson Corp., Healthland Inc., Siemens Medical Solutions USA, Healthcare Management Systems, Altera Digital Health, Azalea Health Innovations Inc., Greenway Health LLC, Practice Fusion Inc., AdvancedMD Inc., A Harris Healthcare Company, Aprima Medical Software Inc., ChartLogic Inc., DrChrono Corp., eMDs Inc., Kareo Inc., Modernizing Medicine Inc., PrognoCIS Inc., Pulse Systems Inc., Sevocity EHR, SRS Healthcare and Research Centre Limited
North America was the largest region in the hospital EMR systems market in 2024. The regions covered in the hospital emr systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the hospital emr systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The hospital EMR systems market includes revenues earned by entities by providing data module input system services, prescription management system, backup system services, maintenance of medical record, monitoring data. 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.
Hospital EMR Systems Global Market Report 2025 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 hospital emr systems 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 hospital emr systems ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hospital emr systems 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 forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.