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Market Research Report

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

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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
Published: November 13, 2018 Content info: 120 Pages
Description

"The hospital electronic medical record (EMR) market is projected to grow at a CAGR of 8.8%."

The global hospital electronic medical records 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 key factors driving the growth of this market include the government support for the adoption of EMRs and the rising need to curtail healthcare costs. However, the high cost of EMR solutions is one of the major factors that is expected to restrain the growth of this market during the forecast period.

"By component, the services segment to witness the highest growth during the forecast period (2018-2023)."

Based on component, the hospital electronic medical records (EMR) market is further segmented into services, software, and hardware. The services segment is expected to grow at the highest CAGR during the forecast period. This can be attributed to the recurring nature of services such as training and education, installation, consulting, and maintenance services. The healthcare IT industry relies heavily on service providers for consulting, storage, implementation, training, maintenance, and regular technology upgrades. The demand for services is expected to grow rapidly in the coming years due to the introduction of complex software and the integration and interoperability of software, which requires extensive training and upgrades.

"Asia Pacific to witness the highest growth during the forecast period (2018-2023)."

Asia Pacific is expected to witness the highest growth during 2018 to 2023. The highest growth rate of the Asia Pacific market is attributed to various investments and reforms to modernize China's healthcare infrastructure, the digital healthcare scenario in India, the "One Singaporean, one health record" initiative in Singapore, and the implementation of e-health initiatives in Australia.

Break of primary participants was as mentioned below:

  • By Company Type - Tier 1-39%, Tier 2-45% and Tier 3-16%
  • By Designation - C-level-24%, Director Level-18%, Others-58%
  • By Region - North America-42%, Europe-21%, Asia Pacific-26%, RoW-11%

The key players in the global 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).

Research Coverage:

The report analyzes the hospital EMR market and aims at estimating market size and future growth potential of this market based on various segments such as component, mode of delivery, type, and region. The report also includes competitive analysis of the key players in this market along with their company profiles, product and service offerings, recent developments, and key market strategies.

Reasons to Buy the Report:

The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a greater share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies.

This report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the hospital EMR market. The report analyzes the market based on product, usability, vessel type, application, and region
  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the hospital EMR market
  • Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various hospital EMR solutions across regions
  • Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the hospital EMR market
  • Competitive Assessment: In-depth assessment of strategies, products, distribution networks, and manufacturing capabilities of the leading players in the hospital EMR market
Table of Contents
Product Code: HIT 1238

TABLE OF CONTENTS

1. INTRODUCTION

  • 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

  • 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

4. PREMIUM INSIGHTS

  • 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

6. MARKET OVERVIEW

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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 (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

  • 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

  • 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

  • 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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