Hospital EMR Systems Market

Hospital EMR Systems Market by Component (Hardware, Software, and Services), Mode of Delivery (Cloud based and on premise), Type (General EMR and Specialty EMR), and Region (North America, Europe, Asia Pacific) - Global Forecast to 2023

Report Code: HIT 1238 Nov, 2018, by marketsandmarkets.com

[119 Pages Report] The study involved four major activities to estimate the current market size for algae products. Exhaustive secondary research was done to collect information on market, peer market and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter market breakdown and data triangulation was used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Centers for Medicare & Medicaid Services (CMS), Centers for Disease Control and Prevention (CDC), Healthcare Information and Management Systems Society (HIMSS), US Department of Health & Human Services (HHS), American Medical Association (AMA), Canadian Institute for Health Information (CIHI), Canada Health Infoway, , World Health Organization (WHO), European Commission, Japanese Ministry of Health, Labour and Welfare (MHLW), Australian Healthcare and Hospitals Association (AHHA), Ministry of Health & Family Welfare (MoH&FW) of India, Ministry of Health (MOH) Singapore, Dubai Health Authority (DHA), have been referred to, so as to identify and collect information for this study. These secondary sources also included healthcare IT news, annual reports, press releases, corporate presentations, press releases, industry journals, and databases.

Primary Research

The EMR solutions market comprises several stakeholders such as Healthcare IT service providers, healthcare insurance companies/payers, healthcare institutions (medical groups, physician practices, and outpatient clinics), research and development companies, venture capitalists, Government agencies, corporate entities and market research and consulting firms. The demand side of this market is characterized by government support for the adoption of the EMR solutions. The supply side is characterized by advancements in technology.

Hospital EMR Systems Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the size of the global EMR market. These methods were also used extensively to estimate the sizes of various other dependent submarkets in the overall hospital EMR market. The research methodology used to estimate the market size includes the following

  • Estimating the adoption rate (%) of EMR hospitals to arrive at the total number of hospitals that use these solutions in the US.
  • Estimating the average expenditure (USD) per year per bed on EMR solutions for hospitals in the US and multiplying the total number of hospitals using EMR solutions with average expenditure/year per bed to arrive at the total US hospitals market
  • The market size, in terms of value, have been determined through primary and secondary research processes
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides. in the EMR market.

Report Objectives

  • To define, describe, and forecast the global hospital EMR market on the basis of mode of delivery, type, component, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to the individual growth trends, future prospects, and contributions to the overall market
  • To profile the key players and comprehensively analyze their product portfolios, market shares, and core competencies in the global hospital EMR market
  • To forecast the size of the global hospital EMR market segments with respect to four regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)
  • To track and analyze competitive developments such as partnerships, agreements, contracts, joint ventures, collaborations, expansions, new product launches, and product deployments in the hospital EMR market

Scope of the Report:

Report Metric

Details

Market size available for years

2016-2023

Base year considered

2017

Forecast period

2018-2023

Forecast units

Value(USD)

Segments covered

Component, Mode of delivery, Type

Geographies covered

North America, APAC, Europe and RoW

Companies covered

Cerner Corporation (US), Epic Systems Corporation (US), athenahealth, Inc. (US), eClinicalWorks (US), Allscripts Healthcare Solutions, Inc. (US), Medical Information Technology, Inc. (US), MEDHOST (US), CPSI (US), and Intersystems Corporation (US).

The research report categorizes the hospital EMR market into the following segments and subsegments:

On the basis of component, the hospital EMR market has been segmented as follows

  • Services
  • Software
  • Hardware

On the basis of Mode of Delivery, the hospital EMR market has been segmented as follows

  • On-premise
  • Cloud-based solutions

On the basis of Type, the hospital EMR market has been segmented as follows

  • General EMRs
  • Specialty EMRs

On the basis of Region,the hospital EMR market has been segmented as follows

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolios of each company

Company Information

  • Detailed analysis and profiling of additional market players (up to 3)

The global hospital electronic medical records (EMR) market is valued at an estimated USD 12.0 billion in 2018 and is projected to reach USD 18.3 billion by 2023, at a CAGR of 8.8% during the forecast period. The growth in this market is primarily attributed to factors such as government support for the adoption of EMRs and the rising need to curtail healthcare costs.

Hospital EMR Systems Market

To know about the assumptions considered for the study, download the pdf brochure

The global hospital EMR market is segmented on the basis of component, mode of delivery, type, and region.

By component, services segment is expected to be the largest contributor in the hospital EMR market during the forecast period.

The healthcare IT industry relies heavily on service providers for consulting, storage, implementation, training, maintenance, and regular technology upgrades. Introduction of complex software and the integration and interoperability of software, which requires extensive training and upgrades is expected to boost the demand for services in the coming years.

On-premise mode of delivery accounts for largest market size during forecast period

In 2018, the on-premise segment commanded the largest share of the market. On-premise solutions offer enhanced control, safety of inventory data, and cost benefits. This delivery mode not only allows end users to use solutions from multiple vendors but also reduces the risk of data breaches. Moreover, it allows the buyer to decide when to implement a software upgrade, ensuring time to test the software and train employees on new features. Another benefit of this model, specifically for organizations migrating or upgrading from one system to another, is its ability to reuse existing servers and storage hardware which in turn significantly reduces costs, particularly for smaller organizations

In the EMR type, general EMRs is growing at fastest rate during the forecast period

In the EMR type, the general EMRs segment is expected to register highest CAGR during the forecast period. General EMRs are designed for use by universal practices. They have all the functions of EMR, such as CPOE, clinical decision support, controlled medical vocabulary, clinical data repository, ordering, and billing. Due to their multi-function, multi-specialty capabilities, these EMRs can be used in various specialties through flexible functioning and incorporated plugins.

Hospital EMR Systems Market

North America is expected to account for the largest market size during the forecast period

North America is the major revenue generating region in hospital EMR market. Federal mandates in the US, growing digitalization in healthcare coupled with favorable government policies, and continuous support in the form of grants by the federal government in Canada are some of the factors contributing to the large share of this segment.

The major vendors in the hospital EMR market are Cerner Corporation (US), Epic Systems Corporation (US), athenahealth, Inc. (US), eClinicalWorks (US), Allscripts Healthcare Solutions, Inc. (US), Medical Information Technology, Inc. (US), MEDHOST (US), CPSI (US), and Intersystems Corporation (US).

Recent Developments

  • In 2018, the Veterans Affairs Department in the US announced the implementation of the Cerner EHR system. The deal size was USD 10 billion.
  • In 2018, Mayo Clinic Rochester (US) went live with the Epic EHR system and completed a massive overhaul of nearly all of Mayo’s computerized systems. The deal size was USD 1.5 billion.
  • In 2018, Epic launched Sonnet, an EHR solution designed for the smaller hospital with fewer modules and a reduced feature scope.
  • In 2018, MEDITECH established MEDITECH UK with the aim of delivering Expanse to customers in the UK and Ireland. This expansion was aimed at increasing the company’s global presence and customer base.

Key Questions addressed by the report

  • What are the key strategies adopted by the players in this market?
  • Which regions provide high growth opportunities?
  • The mode of delivery that would be preferred the most

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Design
    2.2 Research Approach
           2.2.1 Secondary Research
                    2.2.1.1 Secondary Sources
           2.2.2 Primary Research
                    2.2.2.1 Primary Sources
                    2.2.2.2 Key Industry Insights
           2.2.3 Market Size Estimation Methodology
           2.2.4 Market Data Validation and Triangulation
           2.2.5 Assumptions for the Study

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 30)
    4.1 Hospital EMR: Market Overview
    4.2 North America: Hospital EMR Market, By Component (2018)
    4.3 Hospital EMR Market: Geographic Growth Opportunities

5 Industry Insights (Page No. - 33)

6 Market Overview (Page No. - 38)
    6.1 Introduction
    6.2 Market Dynamics
           6.2.1 Drivers
                    6.2.1.1 Government Support for the Adoption of EMR Solutions
                    6.2.1.2 Rising Need to Curtail Healthcare Costs
           6.2.2 Restraints
                    6.2.2.1 Need for Significant Investments in Infrastructure Development and High Cost of Deployment
           6.2.3 Opportunities
                    6.2.3.1 Cloud-Based EHR Solutions
           6.2.4 Challenges
                    6.2.4.1 Interoperability Issues

7 Hospital EMR Market, By Component (Page No. - 42)
    7.1 Introduction
    7.2 Services
           7.2.1 Services Segment to Dominate the Hospital EMR Market During the Forecast Period
    7.3 Software
           7.3.1 Frequent Need for Upgrades and Improvements are Driving the Growth of the Software Market
    7.4 Hardware
           7.4.1 Increasing Adoption of Cloud-Based EMR to Restrain the Market for Hardware

8 Hospital EMR Market, By Mode of Delivery (Page No. - 47)
    8.1 Introduction
    8.2 On-Premise
           8.2.1 On-Premise Solutions Offer Enhanced Control, Safety of Inventory Data, and Cost Benefits in the Long Term
    8.3 Cloud-Based
           8.3.1 Cloud-Based Hospital EMR Solutions to Witness High Adoption in the Coming Years

9 Hospital EMR Market, By Type (Page No. - 52)
    9.1 Introduction
    9.2 General EMR
           9.2.1 General EMR to Register the Highest Growth Rate During the Forecast Period
    9.3 Specialty EMR
           9.3.1 High Cost of Specialty EMR is the Major Factor Responsible for Their Lower Adoption in the Market

10 Hospital EMR Market, By Region (Page No. - 56)
     10.1 Introduction
     10.2 North America
             10.2.1 US
                       10.2.1.1 US to Dominate the North American Hospital EMR Market in 2018; This Trend Will Continue During the Forecast Period
             10.2.2 Canada
                       10.2.2.1 Canada to Witness the Highest Growth Rate in the North American Hospital EMR Market During the Forecast Period
     10.3 Europe
             10.3.1 Healthcare Digitization Initiatives and Programs to Modernize Healthcare to Drive the Adoption of EMRs in Europe
     10.4 Asia Pacific
             10.4.1 China and India to Provide High-Growth Opportunities for EMR Vendors
     10.5 Rest of the World (RoW)
             10.5.1 Middle East and Latin America–Lucrative Markets for EMR Vendors

11 Competitive Landscape (Page No. - 79)
     11.1 Introduction
     11.2 Competitive Scenario
             11.2.1 Product Deployments
             11.2.2 Product Launches
             11.2.3 Expansions
             11.2.4 Agreements, Collaborations, and Partnerships
             11.2.5 Acquisitions

12 Company Profile (Page No. - 84)
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
     12.1 Cerner Corporation
     12.2 Epic Systems Corporation
     12.3 Athenahealth
     12.4 eClinicalWorks
     12.5 Allscripts Healthcare Solutions, Inc.
     12.6 Medical Information Technology, Inc. (MEDITECH)
     12.7 MEDHOST
     12.8 Computer Programs and Systems, Inc. (CPSI)
     12.9 Intersystems Corporation
     12.10 Cantata Health LLC

*Details on Marketsandmarkets View, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 113)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customizations
     13.4 Related Reports
     13.5 Author Details


List of Tables (42 Tables)

Table 1 Top 10 Predicted First-Time Solution Investments By US Hospitals in 2018
Table 2 Hospital EMR Market, By Component, 2016–2023 (USD Million)
Table 3 Hospital EMR Services Market, By Region, 2016–2023 (USD Million)
Table 4 Hospital EMR Software Market, By Region, 2016–2023 (USD Million)
Table 5 Hospital EMR Hardware Market, By Region, 2016–2023 (USD Million)
Table 6 On-Premise Mode of Delivery: Pros and Cons
Table 7 Cloud-Based Mode of Delivery: Pros and Cons
Table 8 Hospital EMR Market, By Mode of Delivery, 2016–2023 (USD Million)
Table 9 On-Premise Hospital EMR Solutions Market, By Region, 2016–2023 (USD Million)
Table 10 Cloud-Based Hospital EMR Solutions Market, By Region, 2016–2023 (USD Million)
Table 11 Hospital EMR Market, By Type, 2016–2023 (USD Million)
Table 12 General EMR Market, By Region, 2016–2023 (USD Million)
Table 13 Specialty EMR Market, By Region, 2016–2023 (USD Million)
Table 14 Hospital EMR Market, By Region, 2016–2023 (USD Million)
Table 15 North America: Hospital EMR Market, By Country, 2016–2023 (USD Million)
Table 16 North America: Hospital EMR Market, By Mode of Delivery, 2016–2023 (USD Million)
Table 17 North America: Hospital EMR Market, By Type, 2016–2023 (USD Million)
Table 18 North America: Hospital EMR Market, By Component, 2016–2023 (USD Million)
Table 19 US: Hospital EMR Market, By Mode of Delivery, 2016–2023 (USD Million)
Table 20 US: Hospital EMR Market, By Type, 2016–2023 (USD Million)
Table 21 US: Hospital EMR Market, By Component, 2016–2023 (USD Million)
Table 22 Projects Sponsored By the Canadian Government
Table 23 Canada: Hospital EMR Market, By Mode of Delivery, 2016–2023 (USD Million)
Table 24 Canada: Hospital EMR Market, By Type, 2016–2023 (USD Million)
Table 25 Canada: Hospital EMR Market, By Component, 2016–2023 (USD Million)
Table 26 Europe: Ehealth Programs, Initiatives, and Strategies
Table 27 Ehealth Priorities for Healthcare Providers in Europe, By Country
Table 28 Europe: Hospital EMR Market, By Mode of Delivery, 2016–2023 (USD Million)
Table 29 Europe: Hospital EMR Market, By Type, 2016–2023 (USD Million)
Table 30 Europe: Hospital EMR Market, By Component, 2016–2023 (USD Million)
Table 31 Japan: EMR System Operation Status, By Bed Number Groups
Table 32 Australia: Percentage of Consumers Registered on My Health Record of the Total Population of Each State
Table 33 APAC: Hospital EMR Market, By Mode of Delivery, 2016–2023 (USD Million)
Table 34 APAC: Hospital EMR Market, By Type, 2016–2023 (USD Million)
Table 35 APAC: Hospital EMR Market, By Component, 2016–2023 (USD Million)
Table 36 RoW: Hospital EMR Market, By Mode of Delivery, 2016–2023 (USD Million)
Table 37 RoW: Hospital EMR Market, By Type, 2016–2023 (USD Million)
Table 38 RoW: Hospital EMR Market, By Component, 2016–2023 (USD Million)
Table 39 Product Launches
Table 40 Expansions
Table 41 Agreements, Collaborations, and Partnerships
Table 42 Acquisitions
 
 
List of Figures (30 Figures)
 
Figure 1 Research Design: Global Hospital EMR Market
Figure 2 Hospital EMR Market: Research Methodology Steps
Figure 3 Sampling Frame: Primary Research
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 Hospital EMR Market, By Component, 2018 vs 2023 (USD Million)
Figure 9 Hospital EMR Market, By Mode of Delivery, 2018 vs 2023 (USD Million)
Figure 10 Hospital EMR Market, By Type, 2018 vs 2023 (USD Million)
Figure 11 North America to Dominate the Hospital EMR Market During the Forecast Period
Figure 12 Rising Need to Curtail Healthcare Costs—Major Factor Driving the Adoption of EMRs
Figure 13 Services Segment to Account for the Largest Share of the North American Hospital EMR Market in 2018
Figure 14 Asia Pacific to Register the Highest Growth During the Forecast Period (2018–2023)
Figure 15 Percentage of Non-Federal Acute Care Hospitals Adopting EHR Systems, By Level of Functionality, 2008–2015
Figure 16 Increasing Use of EHR in Mobile Technology
Figure 17 Hospital EHR Market Share Analysis, By Number of Clients, 2016
Figure 18 Hospital EMR Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Hospital EMR Market, By Region, 2018
Figure 20 North America: Hospital EMR Market Snapshot
Figure 21 Europe: Hospital EMR Market Snapshot
Figure 22 Asia Pacific: Hospital EMR Market Snapshot
Figure 23 RoW: Hospital EMR Market Snapshot
Figure 24 Strategies Adopted By Major Players in the Hospital EMR Market Between 2015 and 2018
Figure 25 Strategies Adopted By Market Players (2015–2018)
Figure 26 Company Snapshot: Cerner Corporation (2017)
Figure 27 Company Snapshot: Athenahealth (2017)
Figure 28 Company Snapshot: Allscripts (2017)
Figure 29 Company Snapshot: Medical Information Technology, Inc. (2017)
Figure 30 Company Snapshot: Computer Programs and Systems, Inc. (2017)


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Report Code
HIT 1238
Published ON
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