The Asian Electronic Medical Record (EMR) Market Estimated to Grow to $2,328.0 million by 2018 - New Report by MicroMarket Monitor

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The Asian Electronic Medical Record (EMR) Market has high potential to grow in near future, combating lack of standardizations in terms of healthcare policies and urge to overcome medical errors to reduce costs

MicroMarket Monitor

MicroMarket Monitor

Key Player in the Asian Electronic Medical Record (EMR) market are Athenahealth, Inc. (U.S.), Cerner Corporation (U.S.), Epic Systems (U.S.), Emdeon Inc (U.S.), Greenway Medical Technologies (U.S.)

The Asian Electronic Medical Record (EMR) market report defines and segments the concerned market in Asian with analysis and forecast of revenue. The electronic medical record market in the Asian region is estimated to grow to $2,328.0 million by 2018, at a CAGR of 9.4% from 2013 to 2018.

Browse through the TOC of the Asian Electronic Medical Record (EMR) market, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of the market in the same region, and is supported by various tables and figures.

Electronic medical record (EMR)/Electronic health record (EHR) is a system that gathers manages, retrieves, and updates patient records in an electronic form. Practitioners use it to document, monitor, and manage healthcare across several providers. The data stored in the EMR/EHR is a legal record of a patient’s medical history and treatment provided at any healthcare delivery centers. The electronic medical record (EMR) market is dependent on the growth and adoption of healthcare IT systems in this region. The high healthcare cost in developed countries, such as the U.S., Canada, Germany, and the U.K. has resulted in migration of patients to suitable developing countries, such as India, China, and Japan, resulting in the growth of healthcare IT market.

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The healthcare IT solution market is growing at a rapid pace in the Asian region. The rising need to overcome critical issues regarding medication errors—such as adverse drug events, fragmented healthcare delivery, and rise in cost of healthcare has accelerated the demand for clinical IT solutions like patient information system, EMR, picture archiving communication system (PACS), as well as non-clinical IT solutions like workflow management solutions and administrative solution. For instance, healthcare IT stimulus program in China allocating more than $1.5 billion for the healthcare industry, with a view to increase the participation of private players in the Indian healthcare industry such as Apollo hospitals, Rockland, and others is expected to be a major driver for the growth of electronic medical record market in this region.

Presently, most of the markets in Asia, such as China, India, and Thailand, are still in developing stages in terms of automation of administrative activities within healthcare services. This provides large opportunities for EMR vendors, as electronic medical record (EMR)/ electronic health Record (EHR) would be the basic application to be adopted while moving towards complete implementation of Healthcare IT systems. Currently, the lack of standardization, in the terms healthcare policies in this region offers a huge market for the vendors who are not able to do business in developed nations due to high regulatory requirements.

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The Electronic Medical Record (EMR) market is segmented and forecast based on components and deployments of electronic medical record market in Asian region. The components segment comprises of hardware, software, and services, while the deployments segment consists of on-premise, cloud-based, and web-based. The market is further segmented and forecast based on major countries, such as Japan, China, and India. The market is also segmented and analyzed based on the end users.

This report includes the market share and value chain analyses, along with market metrics such as drivers, restraints, and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of the key players in the market including major companies operational in this market.

Related Reports :

North American Electronic Medical Record (EMR) Market
The North American electronic medical record (EMR) market was valued at $7004.76 million in 2013, and is poised to grow at a CAGR of 9.4%, during 2013 to 2018. It is expected to reach $10958.34 million by 2018. Clinical reminder is the fastest-growing application segment of this market, and is projected to reach $1194.5 million by 2018.

The market for EMR/EHR in North America can be segmented by components, deployments, companies, macro-indicators, end-users, and applications. Components of this market are hardware (Healthcare IT), software (Healthcare IT) and services (Healthcare IT). The deployments segment of the market includes are on-premise, web-based, and cloud-based.

European Electronic Medical Record (EMR) Market

European Electronic Medical Record (EMR) market was valued at $2770.00 million in 2013.
Hospitals are looking to outsourcing their application maintenance services as well as their application integration and development for EMR, CRM, RCM, billing systems, and the healthcare industry is witnessing a trend of using of integrated solutions that involve high initial costs, but offer ample savings over five to six years are driving the growth of European Electronic Medical Record (EMR) market. However, factor such as increasing incidences of data breach and loss of confidentiality, and fragmented end users market are restraining the growth of this market. Furthermore, the healthcare and life sciences industries need to keep high security as a priority as well as have rapid access to confidential patient information such as in the U.K. presents new opportunities for this market in Europe in coming years.    

Based on the type of applications, the market is divided into five segments: clinical guidelines, clinical reminders, drug allergy alerts, drug dosing support, and drug-drug interaction.
On the basis of components, the European Electronic Medical Record (EMR) market is segmented as hardware, service and software. On the basis of deployments, the market is classified into on-premise, web-based, and cloud-based.

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