Hospital EMR Systems Market by Component (Software, Services, Hardware), Delivery Mode (Cloud, On-premise), Type (Specialty EMR), Hospital Size (Small, Large Hospitals) and Region (North America, Europe, Asia Pacific) - Global Forecast to 2025", size is projected to reach USD 20.7 billion by 2025 from USD 14.2 billion in 2020, at a CAGR of 7.8% during the forecast period. A majority of this growth is attributed to the government mandates and support to increase adoption of hospital EMR solutions, the need to curtail escalating healthcare costs, a growing number of hospitals adopting EMR solutions worldwide, and growing patient volume due to the global COVID-19 pandemic.

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Browse in-depth TOC on “Hospital EMR Systems Market”

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Key Player

Some of the other prominent players operating in the hospital EMR systems market are GE Healthcare (US), athenahealth, Inc. (US), MEDHOST (US), eClinicalWorks (US), NextGen Healthcare (US), Intersystems Corporation (US), MTBC (US), Cantata Health (US), Advanced Data Systems Corporation (US), CureMD (US), Kareo (US), Modernizing Medicine (US), DrChrono (US), Greenway Health (US), and AdvancedMD (US).

By component, the services segment accounted for the largest share of the hospital EMR systems market in 2019.

Based on components, the market is segmented into services, software, and hardware. In 2019, the services segment accounted for the largest share of the hospital EMR systems market. Growth in this segment is mainly due to the recurring nature of services such as training and education, installation, consulting, and maintenance services, as well as the increase in the number of patients being admitted to hospitals.

By delivery mode, the on-premise segment accounted for the largest share of the market in 2019.

Based on the delivery mode, the hospital EMR systems market is segmented into on-premise and cloud-based solutions. In 2019, the on-premise segment accounted for the largest share of the market. On-premise solutions offer enhanced control, safety of inventory data, and cost benefits in the long term. These solutions are mostly preferred by large hospitals owing to the high volumes of data that can be handled with ease. These factors are contributing to the large share of the on-premise solutions segment.

By type, the general EMR solutions segment accounted for the largest share of the hospital EMR systems market in 2019.

Based on type, the market is segmented into general EMR and specialty EMR solutions. In 2019, the general EMR solutions segment accounted for the largest share of the hospital EMR systems market. The large share of this market segment can be attributed to the multifunction, multi-specialty capabilities of general EMRs, enabling their use in various specialties through flexible functioning and incorporated plugins.

By hospital size, the small and medium-sized hospitals segment accounted for the largest share of the market in 2019.

Based on hospital size, the hospital EMR systems market is segmented into small and medium-sized hospitals and large hospitals. In 2019, the small and medium-sized hospitals segment accounted for the largest share of the hospital EMR systems market. The large share of this segment can be attributed to the faster adoption of EMRs in small and medium-sized hospitals owing to factors such as ease of transfer of patient data among healthcare providers, lower upfront costs, and ease of deployment.

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Cerner Corporation (US) is one of the major players in the hospital EMR systems market in 2019. The company has a comprehensive product portfolio and provides services such as consulting, record retrieval, and IT management. Its dominance in the market can be attributed to its active R&D activities and strong geographical footprint through strategic acquisitions and partnerships. To garner a larger share of the hospital EMR systems industry, the company continuously focuses on product innovation and collaborations with other companies.

Epic Systems (US) is one of the major players in the hospital EMR systems market in 2019. Epic’s position in the market is mainly due to the innovative EHR solutions offered by the company. The company also focuses on improving its geographic presence across the globe and integrating its hospital EMR solutions with other healthcare IT solutions to improve the quality of care and enhance productivity for healthcare providers. In this regard, in 2019, the company partnered with Teledoc Health (US) with the aim to integrate Epic’s EHR solutions with telehealth solutions and tools that can deliver real-time pharmacy data. The company also focuses on R&D activities to develop its hospital EMR systems that meet the customers’ demands.

“North America to hold the largest regional market share in 2019.”

North America accounted for the largest share of the global hospital EMR systems market, followed by Europe. The large share of this region can be attributed to factors such as government mandates to implement EHR solutions in hospitals; the presence of major EHR vendors such as Epic Systems Corporation (US), Cerner Corporation (US), MEDITECH (US), CPSI (US), and Allscripts Healthcare Solutions, Inc. (US) in the region; and technological advancements for the development of next-generation EHR solutions.

Recent Development

  • In 2020, MTBC acquired CareCloud Corporation that will help the company yield greater operating efficiencies, accelerate growth, and provide more flexibility for future expansion.
  • In 2019, MEDITECH collaborated with Google to offer EHR data through the Google Cloud Platform. This helped to securely deliver patient data, enhance scalability, and facilitate interoperability.
  • In 2019, NextGen Healthcare acquired OTTO Health that helped the company provide integrated virtual care capabilities to its software. The company has integrated the OTTO Health platform with the NextGen EHR platform.
  • In 2019, Epic Systems partnered with Teledoc Health to integrate Teledoc Health & virtual care platform with Epic & App Orchard that would help the company conduct telehealth video visits.

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