EHR EMR Market Overview
Global EHR EMR market, as per the latest report published by Market Research Future (MRFR), is a rapidly expanding market and is poised to reach USD 42,427.27 Mn at a CAGR of 5.82% by the end of the forecast period of 2018-2027. EHR-EMRs help to significantly improve quality and coordination of medical services due to which are being increasingly adopted across the globe. The deep penetration of healthcare IT globally has created a conducive environment for the growth of the market. Other factors fueling the growth of the market include government initiatives to transform the healthcare sector and reduce the burden of chronic diseases. On the contrary, market growth might be hindered by the inflated cost of EHR-EMRs.
EHR EMR Market Segmentation
The EHR-EMR market has been segmented based on component, application, mode of delivery, and end-user.
By components, the EHR-EMR market has been segmented into software, hardware, and service & consulting. The software segment accounts for the lion’s share of almost 60% of the market and is projected to be the fastest-growing segment as well. The segment is likely to reach a valuation of USD 25,823.57 Mn by the end of 2027.
By application, the EHR-EMR market has been segmented into specialty-based, and general applications. The specialty-based segment has been further segmented into neurology, cardiology, oncology, radiology, and others. The cardiology segment is expected to be the largest segment, while the neurology segment is expected to be the fastest-growing segment over the forecast period.
By mode of delivery, the HER-EMR market has been segmented into on-premise and cloud-based. The majority share of 55% has been captured by the on-premise segment; however, both the segments are likely to exhibit fierce competition with each other. The cloud-based segment is estimated to expand at a faster CAGR over the forecast period.
By end-user, the HER-EMR market has been segmented into ambulatory care, hospitals & clinics, diagnostic centers, and others. The hospitals & clinic segment has captured a 51.2% share of the market and is likely to expand with the same momentum over the forecast period. The ambulatory segment is likely to be the fastest-growing segment over the forecast period.
COVID-19 Impact on EHR EMR Market
Given the debilitating impact of COVID-19 (Coronavirus) on EHR EMR Market, companies are on the lookout for starting production lines. Get an inside look at the market prospects and its future decisions in light of the pandemic and other such unforeseen circumstances.
EHR EMR Market Regional Analysis
Region-wise, the EHR-EMR market has been segmented into the Americas, the Middle East & Africa (MEA), Europe, and Asia Pacific (APAC).
The Americas account for 48.9% share of the global market and is expected to expand at a CAGR of 6.07% over the forecast period. The US is the most significant market within the Americas. Most of the major market players are concentrated in the US, which gives the region leverage over others. The tendency of the region to adopt the latest technologies has impacted the market positively.
Europe is the second-largest EHR-EMR market. Growing incidences of chronic diseases and escalating government support for the incorporation of information technology within the healthcare sector is favoring the growth of the market.
The APAC EHR-EMR market is slated to capture the highest CAGR over the forecast period. The region stores immense potential for market expansion due to the presence of a number of untapped markets. Fast track digitalization and towering government support for the modernization of the healthcare system is working in favor of the market. Other factors which are poised to augment the growth of the market include growing interest among major players to venture into the region.
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EHR EMR Market Competitive Landscape
Koninklijke Philips NV, GE Healthcare, Athenahealth, Inc., Meddbase (Medical Management Systems Ltd), Cerner Corporation, eClinicalWorks, Agastha, Inc., AdvancedMD Inc., Allscripts Healthcare Solutions, Medical Information Technology, Inc. (MEDITECH), Advanced Data Systems Corporation, and Epic Systems, are the key players in the global EHR-EMR market.
EHR EMR Industry Updates
Recently, Cerner, an American supplier of health information technology solutions, services, devices, and hardware, announced the development of the Cerner Learning Health Network. The new program is developed in collaboration with Duke Clinical Research Institute (DCRI) and will help clinicians use EHR data insights with greater ease.
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The whole globe has experienced the adverse effect of coronavirus and every industry has faced setbacks especially the real estate industry.
Market growth is driven mainly by factors such as the increased funds & grants by government bodies worldwide for the development of novel biomaterials, rising demand for medical implants, and the rising incidence of cardiovascular diseases, increasing research on regenerative medicine.
In addition, high growth is expected for plastic surgery and wound healing applications, which will further drive the growth of the biomaterials market in the coming years.
[298 Pages Report] The global biomaterials market size is projected to reach USD 47.5 billion by 2025 from USD 35.5 billion in 2020, at a CAGR of 6.0% during the forecast period.This study involved four major activities in estimating the current size of the biomaterials market.
Exhaustive secondary research was carried out to collect information on the market, its peer markets, and its parent market.
The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research.Market DynamicsIncreased funds and grants by government bodies and universities for the development of novel biomaterials Increasing demand for implantable devices Growing demand for biomaterials in plastic surgery and wound healing applicationsRising incidence of cardiovascular diseasesIncreasing research on regenerative medicineCOVID-19 impact on the biomaterials marketCOVID-19 is an infectious disease caused by the most recently discovered novel coronavirus.
With the World Health Organization (WHO) officially declaring the outbreak of COVID-19 a pandemic, a mix of established pharmaceutical and biopharmaceutical companies, as well as small startups, have stepped forward to develop treatments and vaccines that target the infection caused by the novel coronavirus.The coronavirus outbreak disrupted business and economic activities globally in the first quarter of 2020.
The report "Covid-19 Impact On Cybersecurity Market by Technology (Network Security, Application Security, Endpoint Security, Cloud Security, Database Security, Web Security, ICS Security), Vertical, Region - Global Forecast to 2021", size is expected to grow from USD 183.2 billion in 2019 to USD 230.0 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 12.0% during the forecast period.
The market growth can be attributed to increasing focus on cybersecurity-driven business continuity plans to provide optimized security to customer data and operations that are being handled by the companies.
Increasing focus on cybersecurity as a critical business imperative and not just as a support function is expected to further drive the market with a higher wallet share for security policies and infrastructure.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=128702677Manufacturing vertical to see less growth during the forecast period in the cybersecurity marketAs the COVID-19 crisis continues to expand, manufacturers would likely face challenges on numerous fronts.
Manufacturing companies would be looking for immediate measures to keep their workforces safe and their businesses solvent.
As the COVID-19 pandemic intensifies, manufacturers would likely face continued downward pressure on demand, production, and revenues.
They would also face cash-flow liquidity challenges and difficulties in managing debt obligations.China is the manufacturing hub for almost all raw material requirements across the globe; the COVID-19 pandemic has affected the global economy and disrupted supply chains.
What’s trending on social channels these days?
Which news is hitting the headlines of leading publications?
Which topic has become a talk of the show in every corner of the world?
Any guesses?You are right- it’s none other than COVID 19.You may have got bored with hearing about COVID 19’s impact over different geographic nations and the economy from the last two months.
But, it seems the news around the virus and its influence is here to stay.
Well, with crossed fingers, we wish the corona outbreak halt sooner.But, in the meantime, COVID 19 has plagued the retail, marketing, and advertising industry very badly.
