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.
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.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Hospital EMR Systems Market Overview 4.2 Hospital EMR Systems Market, by Delivery Mode and Component (2019) 4.3 Hospital EMR Systems Market, by Region (2018-2025)
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 126.96.36.199 Government Support for the Adoption of EMR Solutions 188.8.131.52 Growing Patient Volume Due to the Global Outbreak of Covid-19 184.108.40.206 Need to Curtail Escalating Healthcare Costs 5.2.2 Restraints 220.127.116.11 Need for Significant Investments in Infrastructure Development and High Cost of Deployment 18.104.22.168 Reluctance to Adopt EMR Solutions in Developing Countries 5.2.3 Opportunities 22.214.171.124 Increasing Demand for Cloud-Based EHR Solutions 126.96.36.199 Shift Towards Patient-Centric Healthcare Delivery 5.2.4 Challenges 188.8.131.52 Interoperability Issues 184.108.40.206 Data Security Concerns
6 Industry Insights 6.1 Introduction 6.2 Impact of Covid-19 on the Hospital EMR Systems Market 6.2.1 Limitations of EMR During Covid-19 6.2.2 Strategies Adopted by EMR Vendors During Covid-19 6.3 Increased Adoption of EMR 6.4 Technology Giants Entering the Healthcare It Market 6.5 Increased Preference for Cloud-Based EMR in Hospitals 6.6 Technological Advancements in EMR Solutions
7 Hospital EMR Systems Market, by Component 7.1 Introduction 7.2 Services 7.2.1 Introduction of Complex Software and Need for Software Integration & Interoperability Are Supporting Market Growth 7.3 Software 7.3.1 Frequent Need for Upgrades and Improvements in Software Applications Are Major Factors Driving Growth 7.4 Hardware 7.4.1 Need for Faster Data Exchange & Better Interoperability Are Increasing the Adoption of Hardware in Hospitals
8 Hospital EMR Systems Market, by Delivery Mode 8.1 Introduction 8.2 On-Premise 8.2.1 Enhanced Control and Cost Benefits Offered by On-Premise Solutions Are Major Factors Supporting Market Growth 8.3 Cloud-Based 8.3.1 Increasing Number of Healthcare Organizations Shifting from On-Premise to Cloud-Based Models to Drive Growth
9 Hospital EMR Systems Market, by Type 9.1 Introduction 9.2 General EMR Solutions 9.2.1 Multi-Functional and Multi-Specialty Capabilities of General EMR Solutions Are Major Factors Supporting Market Growth 9.3 Specialty EMR Solutions 9.3.1 Increasing Number of Specialty Hospitals Globally to Drive Growth
10 Hospital EMR Systems Market, by Hospital Size 10.1 Introduction 10.2 Small and Medium-Sized Hospitals 10.2.1 Small and Medium-Sized Hospitals Provide High Growth Opportunities for Cloud-Based EMRs 10.3 Large Hospitals 10.3.1 Admission of a Large Number of Covid-19 Patients to Boost the Adoption of EMR in Large Hospitals
11 Hospital EMR Systems Market, by Region 11.1 Introduction 11.2 North America 11.2.1 Us 220.127.116.11 Large Number of Covid-19 Patients and Growing Need to Curtail Soaring Healthcare Costs to Drive Market Growth in the Us 11.2.2 Canada 18.104.22.168 Deployment of Digital Health Initiatives to Propel Market Growth 11.3 Europe 11.3.1 Germany 22.214.171.124 Government Initiatives to Boost the Adoption of EMRs in the Country to Drive Market Growth 11.3.2 UK 126.96.36.199 Government Initiatives to Improve the Adoption of EMR and Ehealth Solutions Are a Major Driving Factor 11.3.3 France 188.8.131.52 Upcoming Retirement of a Large Number of French Doctors Will Draw Attention to the Need for Effective Patient Management Solutions 11.3.4 Rest of Europe (Roe) 11.4 Asia-Pacific 11.4.1 Japan 184.108.40.206 Japan is the Largest Hospital EMR Systems Market in the APAC 11.4.2 China 220.127.116.11 China is a Lucrative Market for EMR Solutions Due to Strong Government Support for Healthcare Reforms 11.4.3 India 18.104.22.168 Presence of a Large Number of Hospitals and Increasing Incidence of Chronic Diseases to Boost the Demand for EMR Solutions in Hospitals 11.4.4 Rest of Asia-Pacific (Roapac) 11.5 Latin America 11.5.1 Developments in Healthcare Infrastructure to Support Market Growth 11.6 Middle East & Africa 11.6.1 Growing Medical Tourism to Support Market Growth in the Middle East & Africa
12 Competitive Landscape 12.1 Overview 12.2 Competitive Leadership Mapping 12.2.1 Stars 12.2.2 Emerging Leaders 12.2.3 Pervasive Players 12.2.4 Emerging Companies 12.3 Product and Regional Matrix: by Company 12.4 Market Share Analysis 12.4.1 Market Ranking Analysis Methodology 12.4.2 Market Ranking Analysis for the Asia-Pacific Region 22.214.171.124 Key Player Analysis of the Hospital EMR Systems Market in Japan 126.96.36.199 Key Player Analysis of the Hospital EMR Systems Market in China 188.8.131.52 Key Player Analysis of the Hospital EMR Systems Market in India 184.108.40.206 Key Player Analysis of the Hospital EMR Systems Market in Australia and New Zealand 12.5 Competitive Situation & Trends 12.5.1 New Product Launches 12.5.2 Partnerships, Collaborations, and Agreements 12.5.3 Acquisitions
13 Company Profiles 13.1 Epic Systems Corporation 13.2 Cerner Corporation 13.3 Medical Information Technology, Inc. 13.4 Computer Programs and Systems, Inc. (CPSI) 13.5 Medhost 13.6 Allscripts Healthcare Solutions, Inc. 13.7 Athenahealth, Inc. 13.8 Eclinicalworks 13.9 GE Healthcare 13.10 Nextgen Healthcare 13.11 Intersystems Corporation 13.12 Cantata Health 13.13 Mtbc 13.14 Advanced Data Systems Corporation 13.15 Curemd 13.16 Other Companies 13.16.1 Drchrono 13.16.2 Kareo 13.16.3 Greenway Health 13.16.4 Modernizing Medicine 13.16.5 Advancedmd