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Hospital EMR Systems Market by Component, Mode of Delivery, Type And Region - Global Forecast to 2023

Hospital EMR Systems Market: Global Forecast until 2023

  • November 2018
  • 120 pages
  • ID: 5626718
In this report:
In 2018, Asia Pacific is expected to account for a share of ##.##% of the global hospital EMR market.
In 2018, the general EMRs segment is expected to account for a larger share of ##.##% of the hospital EMR market.
In 2018, North America is expected to command the largest share of ##.##% of the hospital EMR market, followed by Europe (##.##%).

Summary

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The hospital electronic medical record market is estimated to rise at a compound annual growth rate of 8.80 percent.

The overall hospital electronic medical records market is valued at an estimated $12.00B in 2018 and is projected to extend $18.30B by 2023, at a compound annual growth rate (CAGR) of 8.8% during the forecast horizon. The main key factors driving the rise of this market contain the government support for the adoption of EMRs and the growing need to curtail healthcare costs. Nevertheless, the high cost of EMR solutions is one of the main factors that is anticipated to restrain the increase of this market during the estimate period.

By component, the services segment to witness the more significant increase during the outlook period (2018-2023).

Established on component, the hospital electronic medical records market is further broken down into services, software, and hardware.The services segment is anticipated to grow at the highest compound annual growth rate (CAGR) during the estimate period.

This can be connected to the recurring nature of services including training and education, installation, consulting, and maintenance services.The healthcare IT sector relies heavily on service providers for consulting, storage, implementation, training, maintenance, and regular technology upgrades.

The industry demand for services is anticipated to grow quickly in the next years due to the introduction of complex software and the integration and interoperability of software, which requires extensive training and upgrades.

Asia Pacific to witness the more considerable rise during the outlook period (2018-2023).

Asia-Pac is anticipated to witness the highest increase during 2018 to 2023. The more important increase rate of the Asia Pacific market is assigned to different investments and reforms to modernize China's healthcare infrastructure, the digital healthcare scenario in India (IN), the "One Singaporean, one health record" initiative in Singapore (SG), and the implementation of e-health initiatives in Australia (AU).

Break of primary members taking part was as mentioned below:

• By Company category - Tier 1 - 39.0 percent, Tier 2 - 45.0 percent and Tier 3 - 16.0 percent

• By Description - C-suite - 24.0 percent, D-level - 18.0 percent, Others - 58.0 percent

• By Area - North America continent - 42.0 percent, Europe (EU) - 21.0 percent, Asia Pacific (APAC) - 26.0 percent, RoW - 11.0 percent

The top players in the overall hospital EMR market are Cerner (NASDAQ:CERN), Epic Systems Corporation, athenahealth, Incorporated, eClinicalWorks, Allscripts Healthcare Solutions (NASDAQ:MDRX, Medical Information Technology, Incorporated, MEDHOST, CPSI, and Intersystems Corporation.

Segment Research

The analysis examines the hospital EMR market and aims at estimating market size and upcoming growth potential of this market established on several segments including component, mode of delivery, category, and area. The market research also comprises competitive review of the top actors in this sector together with their company descriptions, product and service offerings, latest developments, and key industries strategies.

Reasons to Buy the Report

The industry report will increase established companies as well as new entrants/smaller companies to measure the pulse of the sector, which in turn would benefit them, collect a greater share. Companies obtaining the study could use one or any combination of the below-mentioned five strategies.

This industry report offers business insights on these pointers:

• Market Uptake: Exhaustive data on the product portfolios of the top actors in the hospital EMR market. The analysis examines the sector established on product, usability, vessel type, application, and area

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis and growth activities, and recent product launches in the hospital EMR market

• Market Development: Highlighted information about profitable emerging sectors. The market research examines the industries for different hospital EMR solutions across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the hospital EMR market

• opposing assessment: Detailed assessment of strategies, products, distribution networks, and manufacturing competences of the key players in the hospital EMR market

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