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Electronic Medical Record Market set for robust growth by 2015-2021

Electronic Medical Record Market
Electronic Medical Record Market

Zion Market Research, the market research group announced the analysis report titled ‘Electronic Medical Record Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2015–2021′

An electronic medical record (EMR) refers to the systematic approach of the collection of health records of patients in a digital format. These records can be easily shared through the network connected, enterprise-wide information systems or other information networks and exchanges. Electronic medical record (EMR) may include data personal statistics like age and weight, and billing information and laboratory test results, vital signs, radiology images.EMR may contain digitalized images of a paper document along with diagnostic procedures such as X-rays.

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The market growth of global electronic medical record market has been accelerated due to feasibility in data availability across the globe and growing need of integrated healthcare system. In addition, improved quality of care through EMR implementation coupled with increasing share of IT in healthcare expenditure is fueling the growth of electronic medical record market significantly. However, privacy & security issues are expected to hamper the growth of electronic medical record market. Nonetheless, increasing patient-centric approach is expected to open up new growth opportunities in the forecast period.

The report covers forecast and analysis for the electronics medical record market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD million). The study also covers Porter’s Five Forces model, which offers an insights view and intensity of competition within the market. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate, and general attractiveness.

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The study provides a decisive view of the electronic medical health by solution, application and region segments. The electronic medical health market has been segmented into software services, web based and client server based in terms of the solution. On the basis of application, the market is categorized into ambulatory centers, hospitals, and physicians office.

Major regional segments analyzed in this study include North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America held a leading position in the electronic medical record market followed by Europe in 2015. The major factors driving the growth are increased portability and accessibility of medical document management systems.

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Key players profiled in the report include Quest Diagnostics, CorporaCorporation,3M Company, Kofax Limited, Toshiba Medical Systems Corp, Epic Systems, Hyland Software, GE Healthcare, WRS Health, Siemens Medical Solutions, McKesson Corporation, Henry Schein, Inc., Allscripts Healthcare Solutions, Inc and other.

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