An EMR system, elongated as electronic medical record, is a digital version of all the data found on a provider’s chart. A provider’s chart typically comprises diagnosis, medical history, medications, allergies, doctor’s notes, immunization dates, and lab results. All of these are clubbed into the form of digitalization, known as EMR. This system offers online medical record of the customary clinical and medical data. This data is then used for further diagnosis and treatment of diseases. Electronic medical record systems are more than digital form of records. They effectively enable coordination and communication among healthcare members for better patient care.
Major Players in the Hospital EMR Systems Market
The prominent players in the global Hospital EMR System Market are Cerner Corporation, eClinical Works, Epic Systems, McKesson, All Scripts, MEDITECH, Cantata Health, MEDHOST, CPSI, and NextGen Healthcare among others.
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Over the years, hospitals are widely adopting EMR systems as it has enabled hospitals to provide better healthcare, patient care, secure patient data and promote better communication between hospital and patient. Moreover, Medicare and Medicaid are promoting and encouraging hospitals to adopt EMR systems which indirectly results in better healthcare. According to Medicare EHR Incentive Program, 2016, Certified healthcare IT providers like Epic Systems, Cerner, McKesson and MEDHOST among various others have installed their systems in over 4500 hospitals in US. The numbers of installations are likely to increase in various geographic and emerging economic areas in coming years. With rising adoption rate and benefits offered by the EMR systems the market for EMR is likely to propel in coming years.
Rapid Growth of the Asia Pacific Market
Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing population, continuously growing economy, rising adoption of EMR and government and private institution support is anticipated to present a lucrative growth scenario for the hospital EMR system market in this region. Moreover, growing favorable regulations and norms are supporting EMR is expected to present an attractive growth prospect for the market in the coming years.
Report Statement for Hospital EMR System Market:
The Hospital EMR System Market report covers all the bases as mentioned below,
– Analyzing the prominent players in the Hospital EMR System Market with respect to their growth and their contribution in the market share.
– Focus on the key components of the Hospital EMR System Market individually, to study the region where most sales takes place, value of the entire market size and development plans regarding the products in the future.
– Estimating a generalized idea of the market size of the Hospital EMR System Market.
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Table of Contents
Years Considered for the Study
Historical Years – 2016 & 2017
Base Year – 2018
Forecasted Years – 2019 to 2030
Currency Used for the Study
Report Beneficiary List
Data Collection Technique
Market Estimation Methodology
Bottoms Up Approach
Top Down Approach
Data Validation and Triangulation
Market Forecasting Model
Limitations of the Study
Assumptions of the Study
ABSTRACT OF THE STUDY
MARKET DYNAMICS ASSESMENT
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