New York, NY -- (SBWire) -- 05/08/2019 --Why the hospital EMRs increase convenience Hospital EMR Systems Market or hospital electronic medical records are digital adaptations of the traditional paper charts that are available at a clinic. With the world moving towards e-records for most industries it is also natural that the medical industry would make this change. While other industries may have less sensitive information to deal with, it is also much more convenient for both parties involved since EMRs can track data over time, can easily identify which patients are due for preventive screenings or checkups, can also cross check how their patients are doing on certain parameters—such as blood pressure readings or vaccinations and it also helps to monitor and improve overall quality of care within the practice.
At same time, the data in an EMR cannot move out of the practice. It is possible that the patient's record may even have to be printed out and then delivered by mail to specialists and other members of the care team. These are the various reasons why Electronic medical records are better than traditional paper records.
The continual growth of the hospital EMR market can be attributed to wide scale adoption of EMR by hospitals, which are widely used to store patient's medical history. Moreover, consolidation of hospitals and increasing healthcare expenditure to provide better healthcare has been a major factor to contribute to the substantial growth of the global hospital EMR system market between 2019 and 2030
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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.
Adoption of EMR in Hospitals
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.
Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, Hospital EMR Systems Market by Component (Services, Software, Hardware) Mode of Delivery (Cloud Based, On-Premise, Web-Based) - Global Analysis & Forecast 2019-2030 in detail along with the table of contents:
https://www.marketindustryreports.com/11/hospital-EMR-systems-market
Key Points From Toc:
1. COMPETETIVE LANDSCAPE
1.1. Market Share Analysis (2018)
1.2. Key Strategies Assessment
1.2.1. New Product Launches
1.2.2. Merger & Acquisitions
1.2.3. Agreements, Collaborations, & Partnerships
1.2.4. Expansions
1.2.5. Other Strategies
2. COMPANY PROFILES
(Business Overview, Products/Services Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
2.1. Cerner Corporation
2.2. eClinicalWorks
2.3. Epic System
2.4. McKesson
2.5. Allscripts
2.6. Cantata Health
2.7. MEDITECH
2.8. MEDHOST
2.9. Computer Programs and Systems, Inc.
2.10. NextGen Healthcare
(*Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain)
Consolidation of Hospitals
Hospitals are under constant pressure to reduce its cost and provide better healthcare and facilities to its patients. To reduce its operational cost hospital have started to merge with large hospitals, this has led to a drastic reduction in operational cost, increase in providing better healthcare and sustainability of the hospital. The trend of merger and acquisition (M&A) in hospitals are increasing over the years. According to a report published by Kaufman Hall, in 2017, healthcare organization announced 115 merger and acquisition, which one of the highest in recent times. This rise in consolidation of hospitals will lead to rise in adoption of EMR systems and services and boost the market of EMR in hospitals.
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Hospital EMR Systems Market Statistics Facts and Figures 2019-2030
Market Industry Reports (MIR) has published a new report titled “Hospital EMR Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global Hospital EMR System Market is estimated to be over US$ 10.0 Bn in 2017. It is anticipated to grow at a considerable CAGR from 2019 to 2030.