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Global US EHR-EMR Market Opportunities and Forecast 2020-2027

Name: US EHR-EMR Market
Brand: Data Library Research
SKU: Pharma & Healthcare
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DLR2196
15 April, 2020
Pharma & Healthcare
Pages: 120
Global

Summary

Global U.S. EHR-EMR Market, By component (Software, Hardware, Services), By Mode of Delivery (Cloud based, On-Premise) By Application (General Application, Specialty Based) opportunities and forecast 2020-2027

Market Overview

The development of healthcare IT and immense potential of the sector in combining data as well its capability to radically increase the efficiency has affected the US EHR/EMR market to great extent. EHRs and EMRs help elude medical errors that are often faced during diagnosis and treatment procedure due to lack of awareness on part of medical professionals concerning medical history and the therapeutic guidelines specific to patient. Furthermore, reportedly, the clinical decisions made using assistance of EHRs have augmented the efficiency of care.

The clinical benefits are important in their positive influence on the global as well as US EHR/EMR market. Growing government support of the EHRs have also been robust driving factor for adoption of the both EHRs and EMRs as well as subsequent growth of U.S. market. Major examples include NHS which has employed Integrated Digital Care Fund (IDCF) to support shift from paper-based records to digital care records. Such types of encouraging and supportive government initiatives are anticipated to induce the market growth over review period.

Segment Overview

EHR segments finds its applications in various clinical care application and functions, clinical research function, financial function, administrative functions and reporting in healthcare settings. Clinical applications of the EHR include order entry and support, results management, and decision supports. The functions aid in the organization of patient's record, and timely access to patients' medical information, such as radiology, laboratory test results. This decreases redundancy and increases the quality of the healthcare service. Additionally, with help of secured EHR, the patient information can be pooled amongst authorized users in diverse healthcare settings. The EHR facilitates communication, incorporation of info and patient care organisation action among various medical specialists such as nurses, doctors, laboratory scientists and pharmacists.

On premise EHR software is most traditional solution, and often involves purchase of the new hardware, and also set up of private servers. Software is most frequently used in various multi-specialty practices as they allows for wide range of customization, are interoperable and has robust support from the vendors. However, such software is costly as compared to the cloud-based software and involves in-house upkeep and hardware.

Regional Overview

The U.S. have the dominant share of global and US EHR/EMR market. The U.S. segment of the market has a strong existence of numerous market leaders and also has a thriving healthcare sector. The strong healthcare sector in U.S. has an attraction toward adoption of advanced healthcare IT technology. Rising investments in the healthcare and growing demand for the advanced healthcare. IT is expected to lead market to grow over the forecast period.

Competitor overview

Rise in implementation of EHR and EMR, increased use of various cloud based software, rapid surge in the elderly population, and the subsequent rise in number of the chronic diseases drive market growth. However, market growth is restricted by high cost of the software and rise in the concerns regarding patient data safety and security due to rise in cyber-crime. On the other hand, huge market prospective in the developing counties are anticipated to offer added opportunities for growth during the estimate period.

Key Players

Allscripts Healthcare Solutions
Athenahealth Inc.
Agastha Inc
Cerner Corporation
Epic Systems
eClinicalWorks
Advanced MD Inc
Advanced Data Systems Corporation
GE Healthcare
Medical Information Technology Inc.
Koninklijke Philips N.V.
Meddbase (Medical Management Systems Ltd).

Market Segmentation
By Component

Software
Hardware
Services

By Mode of Delivery

Cloud Based
On-Premise

By Application

Specialty-Based
General Applications

By Geography

Table of Contents

1 Executive Summary 15

2 Market Introduction 18

2.1 Definition 19
2.2 Scope of the Study 19
2.3 Assumptions & Limitations 19
- 2.3.1 Assumptions 19
- 2.3.2 Limitations 19
2.4 Market Structure 19

3 Research Methodology 20

3.1 Research Process 21
3.2 Primary Research 22
3.3 Secondary Research 23
3.4 Market Size Estimation 23
3.5 Forecast Model 24

4 Market Dynamics 25

4.1 Introduction 26
4.2 Drivers 26
- 4.2.1 Increasing adoption of EHR (electronic health record)/EMR (electronic medical record) 26
- 4.2.1 Government initiatives for the maintenance of patients’ electronic health records 27
- 4.2.2 Clinical benefits associated with the application of EHR-EMR is estimated to boost the market 27
- 4.2.3 Drivers Impact Analysis 28
4.3 Restraints 28
- 4.3.1 High cost of implementing EMR & EHR followed by the need for training 28
- 4.3.2 Data security concerns 28
- 4.3.3 Restraints Impact Analysis 29
4.4 Opportunities 29
- 4.4.1 Growing adoption of EHRs-EMRs in untapped markets of Asia-Pacific provides opportunities for the market to grow 29

5 Market Factor Analysis 30

5.1 Porters Five Forces Analysis 31
- 5.1.1 Bargaining Power of Suppliers 32
- 5.1.2 Bargaining Power of Buyers 32
- 5.1.3 Threat of New Entrants 32
- 5.1.4 Threat of Substitutes 32
- 5.1.5 Intensity of Rivalry 32
5.2 Investment Opportunity Analysis 33
5.3 Value Chain Analysis 33
- 5.3.1 Inputs 34
- 5.3.2 Software Development Processes 34
- 5.3.3 Output 34
- 5.3.4 Marketing and Distribution 34
- 5.3.5 Post-Selling Services 34

6 Global & US EHR-EMR Market, By Components 35

6.1 Overview 36
- 6.1.1 Introduction 36
- 6.1.2 Software 37
- 6.1.3 Services & Consulting 37
- 6.1.4 Hardware 38

7 Global & US EHR-EMR Market, By Application 39

7.1 Overview 40
- 7.1.1 Introduction 40
- 7.1.2 Specialty Based 41
- 7.1.3 General Applications 42

8 Global & US EHR-EMR Market, By Mode of Delivery 43

8.1 Overview 44
- 8.1.1 Introduction 44
- 8.1.2 On-Premise Model 45
- 8.1.3 Cloud-Based 45

9 Global & US EHR-EMR Market, By End-User 46

9.1 Overview 47
- 9.1.1 Introduction 47
- 9.1.2 Hospital & Clinics 48
- 9.1.3 Ambulatory Care 48
- 9.1.4 Diagnostic Centres 49

10 Global & US EHR-EMR Market, By Region 50

10.1 Introduction 51
10.2 Americas 53
- 10.2.1 North America 56
  - 10.2.1.1 U.S. 57
  - 10.2.1.2 Canada 59
- 10.2.2 South America 61
10.3 Europe 63
- 10.3.1 Western Europe 65
  - 10.3.1.1 Germany 67
  - 10.3.1.2 U. K. 69
  - 10.3.1.3 France 71
  - 10.3.1.4 Italy 72
  - 10.3.1.5 Spain 74
  - 10.3.1.6 Rest of Western Europe 76
- 10.3.2 Eastern Europe 77
10.4 Asia Pacific 80
- 10.4.1 Japan 83
- 10.4.2 China 84
- 10.4.3 India 86
- 10.4.4 Australia 88
- 10.4.5 Republic of Korea 89
- 10.4.6 Rest of Asia Pacific 91
10.5 The Middle East and Africa 93
- 10.5.1 Middle East 95
- 10.5.2 Africa 97

11 Competitive Landscape 99

11.1 Introduction 100

12 Company Profiles 101

12.1 GE Healthcare 102
- 12.1.1 Company Overview 102
- 12.1.2 Financial Overview 102
- 12.1.3 Products/Services Offered 102
- 12.1.4 Key Developments 103
- 12.1.5 SWOT Analysis 103
- 12.1.6 Key Strategy 103
12.2 Allscripts Healthcare Solutions 104
- 12.2.1 Company Overview 104
- 12.2.2 Financial Overview 104
- 12.2.3 Products/Services Offered 105
- 12.2.4 Key Developments 105
- 12.2.5 SWOT Analysis 105
- 12.2.6 Key Strategy 105
12.3 Cerner Corporation 106
- 12.3.1 Company Overview 106
- 12.3.2 Financial Overview 106
- 12.3.3 Products/Services Offered 106
- 12.3.4 Key Developments 107
- 12.3.5 SWOT Analysis 107
- 12.3.6 Key Strategy 107
12.4 Advanced Data Systems Corporation 108
- 12.4.1 Company Overview 108
- 12.4.2 Financial Overview 108
- 12.4.3 Products/Services Offered 108
- 12.4.4 Key Developments 108
- 12.4.5 SWOT Analysis 108
- 12.4.6 Key Strategy 108
12.5 Athenahealth, Inc. 109
- 12.5.1 Company Overview 109
- 12.5.2 Financial Overview 109
- 12.5.3 Products/Services Offered 109
- 12.5.4 Key Developments 110
- 12.5.5 SWOT Analysis 110
- 12.5.6 Key Strategy 110
12.6 AdvancedMD Inc. 111
- 12.6.1 Company Overview 111
- 12.6.2 Financial Overview 111
- 12.6.3 Products/Services Offered 111
- 12.6.4 Key Developments 111
- 12.6.5 SWOT Analysis 112
- 12.6.6 Key Strategy 112
12.7 eClinicalWorks 113
- 12.7.1 Company Overview 113
- 12.7.2 Financial Overview 113
- 12.7.3 Products/Services Offered 113
- 12.7.4 Key Developments 113
- 12.7.5 SWOT Analysis 114
- 12.7.6 Key Strategy 114
12.8 Meddbase (Medical Management Systems Ltd) 115
- 12.8.1 Company Overview 115
- 12.8.2 Financial Overview 115
- 12.8.3 Products/Services Offered 115
- 12.8.4 Key Developments 115
- 12.8.5 SWOT Analysis 115
- 12.8.6 Key Strategy 115
12.9 Koninklijke Philips N.V. 116
- 12.9.1 Company Overview 116
- 12.9.2 Financial Overview 116
- 12.9.3 Products/Services Offered 116
- 12.9.4 Key Developments 117
- 12.9.5 SWOT Analysis 117
- 12.9.6 Key Strategy 117
12.10 Agastha, Inc. 118
- 12.10.1 Company Overview 118
- 12.10.2 Financial Overview 118
- 12.10.3 Products/Services Offered 118
- 12.10.4 Key Developments 118
- 12.10.5 SWOT Analysis 118
- 12.10.6 Key Strategy 118
12.11 Epic Systems 119
- 12.11.1 Company Overview 119
- 12.11.2 Financial Overview 119
- 12.11.3 Products/Services Offered 119
- 12.11.4 Key Developments 119
- 12.11.5 SWOT Analysis 119
- 12.11.6 Key Strategy 119
12.12 Medical Information Technology, Inc. (MEDITECH) 120
- 12.12.1 Company Overview 120
- 12.12.2 Financial Overview 120
- 12.12.3 Products/Services Offered 120
- 12.12.4 Key Developments 121
- 12.12.5 SWOT Analysis 121
- 12.12.6 Key Strategy 121

13 Appendix 122

13.1 Discussion Blue Print 123

List of Figures