Electronic Medical Record (EMR) Systems – Thematic Intelligence

Electronic Medical Record (EMR) Systems Market Report Overview

The age of computers brought with it many opportunities for improving multiple facets of medical care, including diagnostic imaging, patient billing, and diligent record-keeping. Electronic medical record (EMR) systems have been developed and integrated into the healthcare sector to facilitate proper patient record-keeping that can be shared between healthcare practitioners and their patients. This provides all parties involved access to a patient’s diagnostic results from third-party facilities. An EMR is best understood as an electronic version of a patient’s medical chart collected from one practice. It contains all the patient’s history and medical treatments from one practice.

EMR systems are an essential piece to the evolving healthcare process. As the world navigates towards personalized medicine, remote patient monitoring, and telehealth, EMR systems will serve as the connecting instrument of these themes. As the key record-keeping and communication platform, it is easy to see the centrality of this system. In the near future, EMR systems will grow and support other themes, including 5G, artificial intelligence (AI), cloud, blockchain, mobile health, and the Internet of Things. The EMR systems thematic intelligence report identifies those companies most likely to succeed in a world filled with disruptive threats. The report also predicts how each theme will evolve and identify the leading and disrupting companies. The report covers the electronic medical record (EMR) systems theme.

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EMR Systems Market Trends

The main trends shaping the EMR systems theme over the next 12 to 24 months are classified into technology trends, macroeconomic trends, and regulatory trends.

Technology Trends: The key technology trends influencing the EMR systems market are breaking one-size-fits-all approach, interoperability, clinical decision support (CDS), increased patient engagement, blockchain integration, and integration of wearable technology.

Macroeconomic Trends: Patient consumerism and cost-effectiveness are some of the key macroeconomic trends likely to influence the EMR systems theme.

Regulatory Trends: The key regulatory trends impacting the EMR systems theme are 21^st Century Cures Act, Health Insurance Portability and Accountability Act (HIPAA), The Health Information Technology for Economic and Clinical Health (HITECH) Act, part of the American Recovery and Reinvestment Act of 2009 (ARRA), and the regulation of software as a medical device.

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EMR Systems Industry Analysis

EMR systems will grow with a more than 6% CAGR in the forecast period through 2028. The EMR systems market growth is largely driven by adoption rates in medical facilities and patient visits to medical practitioners. With a strong user base, EMR systems were reasonably insulated from the financial harm observed in medical device companies between March 2020 and August 2020. COVID-19 did not cause losses to the market but instead prevented its expected growth.

The EMR systems industry analysis also covers –

• Mergers and acquisitions
• Venture financing
• Patent trends
• Social media trends
• Timeline

EMR Systems Market Outlook 2018-2028 ($ Billion)

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EMR Systems Value Chain Analysis

The EMR systems value chain contains four segments where providers can boost value of their product lines. These are patient encounters with healthcare practitioners, EMR package segments, EMR systems, and patient engagement.

EMR systems: EMR systems contain many options for software add-ons, yielding greater capabilities to physicians and their patients. Key components have been identified as: digital health records, revenue cycle management, practice management, customer relationship management, healthcare analytics, clinical decision support, and data storage and security.

EMR Systems Value Chain Analysis

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EMR Systems Theme – Competitive Landscape

The leading players associated with the EMR systems theme are:

Public Companies: Allscripts, Oracle, CareCloud, GE Healthcare, and NextGen Healthcare are some of the key public companies associated with the EMR systems theme.

Private Companies: Athenahealth, CureMD, eClinicalWorks, Epic Systems, Kareo, Innovaccer, and MEDITECH, are some of the private leading players making their mark in the EMR systems theme.

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Medical Devices Sector Scorecard

The medical devices scorecard predicts the leading companies within each sector. Our sector scorecards have three screens: a thematic screen, a valuation screen, and a risk screen.

Medical Devices Sector Scorecard Analysis

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Scope

• This report is a thematic brief, which identifies those companies most likely to succeed in a world filled with disruptive threats. Inside, we predict how each theme will evolve and identify the leading and disrupting companies.
• The report covers the electronic medical record (EMR) systems theme.

Reasons to Buy

• GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition and secure that all-important competitive advantage.
• Develop and design your corporate strategies through an in-house expert analysis of electronic medical record (EMR) systems by understanding the primary ways in which this theme is impacting the healthcare industry.
• Stay up to date on the industry’s major players and where they sit in the value chain.
• Identify emerging industry trends to gain a competitive advantage.