In the Hospital EMR Systems Market business report, industry trends are formulated on a macro-level which helps clients and businesses comprehend the marketplace and possible future issues. This market research report involves key data and information about the industry, emerging trends, product usage, motivating factors for customers and competitors, restraints, brand positioning, and customer behaviour. A detailed market study and analysis of trends in consumer and supply chain dynamics cited in this report helps businesses draw the strategies about sales, marketing, advertising, and promotion. The finest Hospital EMR Systems Market research report is generated with the expertise and innovation of a team of researchers, forecasters, analysts and managers.
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The prominent players in the hospital EMR systems market are Cerner Corporation (US), Epic Systems Corporation (US), Allscripts Healthcare Solutions, Inc. (US), MEDITECH (US), CPSI (US), GE Healthcare (US), athenahealth, Inc. (US), MEDHOST (US), eClinicalWorks (US), NextGen Healthcare (US), Intersystems Corporation (US), MTBC (US), Cantata Health (US), Advanced Data Systems Corporation (US), and CureMD (US).
The global hospital EMR systems market is projected to reach USD 20.7 billion by 2025 from USD 14.2 billion in 2020, at a CAGR of 7.8% during the forecast period. There is a growing inclination across the globe towards the adoption of EMR systems due to government support for the adoption of EMRs, an increase in the COVID-19 patient volume, and the rising need to curtail healthcare costs.
The Hospital EMR Systems Market document takes into consideration the market type, size of the organization, availability on-premises, end-users organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific, and the Middle East & Africa to analyze the data. The report also describes all the major topics of the market research analysis that includes market definition, market segmentation, competitive analysis, major developments in the market, and excellent research methodology. Clients can reveal the best opportunities to be successful in the market with excellent practice models and methods of research used while formulating this Hospital EMR Systems Market report.
Hospital EMR Systems Market by Component (Software, Services, Hardware), Delivery Mode (Cloud, On-premise), Type (Specialty EMR), Hospital Size (Small, Large Hospitals) and Region (North America, Europe, Asia Pacific) – Global Forecast to 2025
By component, the services segment accounted for the largest market share in 2019.
Based on components, the hospital EMR systems market is segmented into services, software, and hardware. The services segment accounted for the largest market share in 2019. The introduction of complex software and the need for software integration and interoperability, which require extensive training and regular upgrades, are the major factors responsible for the large share of the services segment.
By delivery mode, the on-premise segment accounted for the largest share of the hospital EMR systems market in 2019.
Based on the delivery mode, the hospital EMR systems market is segmented into on-premise and cloud-based solutions. The cloud-based segment is expected to be the fastest-growing segment during the forecast period. An increasing number of hospitals have shifted their preference from on-premise models to cloud-based models, which has contributed towards its market growth.
By type, the general EMR solutions segment accounted for the largest share of the hospital EMR systems market in 2019.
Based on type, the market is segmented into general EMR and specialty EMR solutions. In 2019, the general EMR solutions segment accounted for the largest share of the hospital EMR systems market. The large share of this market segment can be attributed to the multifunction, multi-specialty capabilities of general EMRs, enabling their use in various specialties through flexible functioning and incorporated plugins.
By hospital size, the small and medium-sized hospitals segment accounted for the largest share of the hospital EMR systems market in 2019.
Based on hospital size, the hospital EMR systems market is segmented into small and medium-sized hospitals and large hospitals. In 2019, the small and medium-sized hospitals segment accounted for the largest share of the market. The large share of this segment can be attributed to the faster adoption of EMRs in small and medium-sized hospitals owing to factors such as ease of transfer of patient data among healthcare providers, lower upfront costs, and ease of deployment.
The breakdown of primary participants is mentioned below:
- By Company Type: Tier 1 (35%), Tier 2 (45%), and Tier 3 (20%)
- By Designation: C-level (40%), Director-level (35%), and Others (25%)
- By Region: North America (40%), Europe (20%), APAC (30%), Latin America (8%), and the Middle East & Africa (2%)
The report analyzes the hospital EMR systems market and aims at estimating the market size and future growth potential of this market based on various segments, such as components, delivery mode, type, hospital size, and region. It also covers the competitive leadership mapping, which helps in analyzing the position of key market players as stars, emerging leaders, pervasive players, and emerging companies. The report also provides a competitive analysis of the key players in this market, along with their company profiles, product offerings, recent developments, and key market strategies.
Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them to garner a greater market share. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their position in the market.
This report provides insights into the following pointers:
- Market Penetration: Comprehensive information on the product portfolios offered by the top players in the hospital EMR systems market. The report analyzes this market by component, delivery mode, type, hospital size, and region
- Product Enhancement/Innovation: Detailed insights on the upcoming trends and service launches in the hospital EMR systems market
- Market Development: Comprehensive information on the lucrative emerging markets by component, delivery mode, hospital size, type, and region
- Market Diversification: Exhaustive information about new testing services, recent developments, and investments in the hospital EMR systems market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, service offerings, and capabilities of leading players in the hospital EMR systems market
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