Major Market Players are Cerner Corporation, Allscripts, Epic Systems, McKesson Corporation, eClinicalWorks, GE Healthcare, Athenahealth, Siemens AG Healthcare, Practice Fusion, Inc, Emdeon
(PRWEB) June 11, 2014
The global Electronic Medical Record (EMR) market is currently growing at a CAGR of 9.0% from 2013 to 2018, and is expected to reach $18,301.72 million by 2018, from $11,888.40 million in 2013. Reducing healthcare costs with the use of IT solutions, the growing need to integrate healthcare IT solutions, the healthcare industry’s shift to digital systems, and government initiatives to improve patient security are the factors driving the growth of this market. Government initiatives to improve the healthcare standard or patient outcome has also helped in the increased use of Electronic Medical Record (EMR) services, further propelling the growth of this market.
Browse through the market data tables, figures and detailed TOC on the “Electronic Medical Record Market” - http://www.micromarketmonitor.com/market-report/emr-ehr-reports-9755917902.html.
North American Electronic Medical Record Market
North America is the leading Electronic Medical Record (EMR) market, projected to grow at a CAGR of 9.4% from $7,004.76 million in 2013 to $10,958.34 million in 2018. The demand for Electronic Medical Record (EMR) is expected to increase in future due to the reducing healthcare costs with the use of IT solutions, as most hospitals and clinics are implementing or opting for IT solutions to increase their efficiency. The market growth is also assisted by increasing clinical outcomes and government initiatives to improve the healthcare standard or patient outcome.
European Electronic Medical Record Market
Europe is the second-largest Electronic Medical Record (EMR) market, poised to reach $4154.49 million by 2018 from $2,770.0 million in 2013, to grow at a CAGR of 8.4% during the forecasted period. Germany is the leading market in Europe projected to grow at CAGR of 8.7% during 2013 to 2018. The European market is mainly driven by the reducing healthcare costs in Europe, the growing need to integrate healthcare IT solutions, the healthcare industry’s shift to digital systems, and the integrated solutions of EMR.
Asian Electronic Medical Record Market
In the Asian Electronic Medical Record (EMR) market, Japan had the highest share of 35.2% in 2013. The Asian Non-Clinical Information Systems (NCIS) Payroll market is projected to grow at a CAGR of 9.6% to reach $474.98 million by 2018 from $300.21 million in 2013. The Asian region is anticipated to grow at a high growth rate due to various factors such as government initiatives to improve patient security, growing need to integrate healthcare IT solutions, and improved information technology to reduce healthcare cost. However, limited investments in healthcare IT are restricting the growth of this market.
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