Hospital EMR Systems Market by Component (Services, Software, Hardware) Mode of Delivery (Cloud Based, On-Premise, Web-Based) - Analysis & Forecast 2019-2030
Report ID : 11 | Published Date : Jan 2019 | Pages : 150 | Region : Global | Report Code : HIT-01
Hospital EMR Systems Market Overview and Introduction
The global Hospital EMR System Market is estimated to be over US$ 10.0 Bn in 2017. It is anticipated to grow at a CAGR of 8.6% from 2019 to 2030. The global Hospital EMR Systems market is segmented by component, mode of delivery, and region.
Hospital Electronic Medical Record (EMR) is software that lets us record data digitally of patient’s medical history. EMR Systems are widely used in hospitals to make data entry of patient’s healthcare history that enables hospital and physician make more informed decisions while treating patients with medical history. This information can be shared with other hospitals and even patient can have access to medical records.
The global Hospital EMR Systems market is driven by increasing patient awareness and health care expenditure, rising investment of hospitals in EMR systems, and consolidation of hospitals are major factors driving the market. However, high cost related to Hospital EMR Systems and security threat related to patient medical history is likely to restrain the market to certain extent.
Hospital EMR Systems Market by Component
On the basis of component, the Hospital EMR Systems market is segmented into services, software and hardware. The software segment is estimated to account for the largest market share of the global Hospital EMR Systems market. Growth of this segment can be attributed to rise in acceptance of EMR in hospitals, and consolidation of hospitals. Service segment is attributed to grow at highest growth rate.
Hospital EMR Systems Market by Mode of Delivery
Based on mode of delivery, the market is segmented into cloud based and on-premise & web based. The on-premise & web-based segment is estimated to account for the largest share of the global Hospital EMR Systems market. However, Cloud-based segment is attributed to grow at a faster growth rate. The faster growth rate can be attributed to increasing adoption of cloud based technology and reduced security threat to patient data on cloud based system.
Hospital EMR Systems Market by Regions
The global Hospital EMR Systems market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). North America dominated the market of Hospital EMR Systems, followed by Europe and Asia Pacific. North America will continue to dominate the global Hospital EMR Systems market in the forecast period owing to factors such as growing consolidation of hospitals, highly developed healthcare system and government initiatives to promote EMR in hospitals. However, Asia Pacific is expected to witness the highest growth rate, with the growth in this market centered at China, India, and Japan. Factors such as the rising focus of major players in emerging Asian countries, government support to promote EMR and acceptance of hospitals and patients for EMR service, are driving the growth of the Hospital EMR Systems market in this region. The high cost of Hospital EMR Systems products & setup and financial constraints of small and medium size hospital & clinics may restrain market growth to a certain extent.
Hospital EMR Systems Market Prominent Players
The prominent players in the global Hospital EMR Systems market are Cerner Corporation, eClinical Works, Epic Systems, McKesson, All Scripts, MEDITECH, Cantata Health, MEDHOST, CPSI, and NextGen Healthcare among others.