The development of healthcare IT and immense potential of the sector in combining data as well its capability to radically increase the efficiency has affected the US EHR/EMR market to great extent. EHRs and EMRs help elude medical errors that are often faced during diagnosis and treatment procedure due to lack of awareness on part of medical professionals concerning medical history and the therapeutic guidelines specific to patient. Furthermore, reportedly, the clinical decisions made using assistance of EHRs have augmented the efficiency of care.
The clinical benefits are important in their positive influence on the global as well as US EHR/EMR market. Growing government support of the EHRs have also been robust driving factor for adoption of the both EHRs and EMRs as well as subsequent growth of U.S. market. Major examples include NHS which has employed Integrated Digital Care Fund (IDCF) to support shift from paper-based records to digital care records. Such types of encouraging and supportive government initiatives are anticipated to induce the market growth over review period.
Segment Overview
EHR segments finds its applications in various clinical care application and functions, clinical research function, financial function, administrative functions and reporting in healthcare settings. Clinical applications of the EHR include order entry and support, results management, and decision supports. The functions aid in the organization of patient's record, and timely access to patients' medical information, such as radiology, laboratory test results. This decreases redundancy and increases the quality of the healthcare service. Additionally, with help of secured EHR, the patient information can be pooled amongst authorized users in diverse healthcare settings. The EHR facilitates communication, incorporation of info and patient care organisation action among various medical specialists such as nurses, doctors, laboratory scientists and pharmacists.
On premise EHR software is most traditional solution, and often involves purchase of the new hardware, and also set up of private servers. Software is most frequently used in various multi-specialty practices as they allows for wide range of customization, are interoperable and has robust support from the vendors. However, such software is costly as compared to the cloud-based software and involves in-house upkeep and hardware.
Regional Overview
The U.S. have the dominant share of global and US EHR/EMR market. The U.S. segment of the market has a strong existence of numerous market leaders and also has a thriving healthcare sector. The strong healthcare sector in U.S. has an attraction toward adoption of advanced healthcare IT technology. Rising investments in the healthcare and growing demand for the advanced healthcare. IT is expected to lead market to grow over the forecast period.
Competitor overview
Rise in implementation of EHR and EMR, increased use of various cloud based software, rapid surge in the elderly population, and the subsequent rise in number of the chronic diseases drive market growth. However, market growth is restricted by high cost of the software and rise in the concerns regarding patient data safety and security due to rise in cyber-crime. On the other hand, huge market prospective in the developing counties are anticipated to offer added opportunities for growth during the estimate period.
Key Players
- Allscripts Healthcare Solutions
- Athenahealth Inc.
- Agastha Inc
- Cerner Corporation
- Epic Systems
- eClinicalWorks
- Advanced MD Inc
- Advanced Data Systems Corporation
- GE Healthcare
- Medical Information Technology Inc.
- Koninklijke Philips N.V.
- Meddbase (Medical Management Systems Ltd).
Market Segmentation
By Component
- Software
- Hardware
- Services
- Cloud Based
- On-Premise
- Specialty-Based
- General Applications
- US
1 Executive Summary 15
2 Market Introduction 18
- 2.1 Definition 19
- 2.2 Scope of the Study 19
- 2.3 Assumptions & Limitations 19
- 2.3.1 Assumptions 19
- 2.3.2 Limitations 19
- 2.4 Market Structure 19
3 Research Methodology 20
- 3.1 Research Process 21
- 3.2 Primary Research 22
- 3.3 Secondary Research 23
- 3.4 Market Size Estimation 23
- 3.5 Forecast Model 24
4 Market Dynamics 25
- 4.1 Introduction 26
- 4.2 Drivers 26
- 4.2.1 Increasing adoption of EHR (electronic health record)/EMR (electronic medical record) 26
- 4.2.1 Government initiatives for the maintenance of patients’ electronic health records 27
- 4.2.2 Clinical benefits associated with the application of EHR-EMR is estimated to boost the market 27
- 4.2.3 Drivers Impact Analysis 28
- 4.3 Restraints 28
- 4.3.1 High cost of implementing EMR & EHR followed by the need for training 28
- 4.3.2 Data security concerns 28
- 4.3.3 Restraints Impact Analysis 29
- 4.4 Opportunities 29
- 4.4.1 Growing adoption of EHRs-EMRs in untapped markets of Asia-Pacific provides opportunities for the market to grow 29
5 Market Factor Analysis 30
- 5.1 Porters Five Forces Analysis 31
- 5.1.1 Bargaining Power of Suppliers 32
- 5.1.2 Bargaining Power of Buyers 32
- 5.1.3 Threat of New Entrants 32
- 5.1.4 Threat of Substitutes 32
- 5.1.5 Intensity of Rivalry 32
- 5.2 Investment Opportunity Analysis 33
- 5.3 Value Chain Analysis 33
- 5.3.1 Inputs 34
- 5.3.2 Software Development Processes 34
- 5.3.3 Output 34
- 5.3.4 Marketing and Distribution 34
- 5.3.5 Post-Selling Services 34
6 Global & US EHR-EMR Market, By Components 35
- 6.1 Overview 36
- 6.1.1 Introduction 36
- 6.1.2 Software 37
- 6.1.3 Services & Consulting 37
- 6.1.4 Hardware 38
7 Global & US EHR-EMR Market, By Application 39
- 7.1 Overview 40
- 7.1.1 Introduction 40
- 7.1.2 Specialty Based 41
- 7.1.3 General Applications 42
8 Global & US EHR-EMR Market, By Mode of Delivery 43
- 8.1 Overview 44
- 8.1.1 Introduction 44
- 8.1.2 On-Premise Model 45
- 8.1.3 Cloud-Based 45
9 Global & US EHR-EMR Market, By End-User 46
- 9.1 Overview 47
- 9.1.1 Introduction 47
- 9.1.2 Hospital & Clinics 48
- 9.1.3 Ambulatory Care 48
- 9.1.4 Diagnostic Centres 49
10 Global & US EHR-EMR Market, By Region 50
- 10.1 Introduction 51
- 10.2 Americas 53
- 10.2.1 North America 56
- 10.2.1.1 U.S. 57
- 10.2.1.2 Canada 59
- 10.2.2 South America 61
- 10.2.1 North America 56
- 10.3 Europe 63
- 10.3.1 Western Europe 65
- 10.3.1.1 Germany 67
- 10.3.1.2 U. K. 69
- 10.3.1.3 France 71
- 10.3.1.4 Italy 72
- 10.3.1.5 Spain 74
- 10.3.1.6 Rest of Western Europe 76
- 10.3.2 Eastern Europe 77
- 10.3.1 Western Europe 65
- 10.4 Asia Pacific 80
- 10.4.1 Japan 83
- 10.4.2 China 84
- 10.4.3 India 86
- 10.4.4 Australia 88
- 10.4.5 Republic of Korea 89
- 10.4.6 Rest of Asia Pacific 91
- 10.5 The Middle East and Africa 93
- 10.5.1 Middle East 95
- 10.5.2 Africa 97
11 Competitive Landscape 99
- 11.1 Introduction 100
12 Company Profiles 101
- 12.1 GE Healthcare 102
- 12.1.1 Company Overview 102
- 12.1.2 Financial Overview 102
- 12.1.3 Products/Services Offered 102
- 12.1.4 Key Developments 103
- 12.1.5 SWOT Analysis 103
- 12.1.6 Key Strategy 103
- 12.2 Allscripts Healthcare Solutions 104
- 12.2.1 Company Overview 104
- 12.2.2 Financial Overview 104
- 12.2.3 Products/Services Offered 105
- 12.2.4 Key Developments 105
- 12.2.5 SWOT Analysis 105
- 12.2.6 Key Strategy 105
- 12.3 Cerner Corporation 106
- 12.3.1 Company Overview 106
- 12.3.2 Financial Overview 106
- 12.3.3 Products/Services Offered 106
- 12.3.4 Key Developments 107
- 12.3.5 SWOT Analysis 107
- 12.3.6 Key Strategy 107
- 12.4 Advanced Data Systems Corporation 108
- 12.4.1 Company Overview 108
- 12.4.2 Financial Overview 108
- 12.4.3 Products/Services Offered 108
- 12.4.4 Key Developments 108
- 12.4.5 SWOT Analysis 108
- 12.4.6 Key Strategy 108
- 12.5 Athenahealth, Inc. 109
- 12.5.1 Company Overview 109
- 12.5.2 Financial Overview 109
- 12.5.3 Products/Services Offered 109
- 12.5.4 Key Developments 110
- 12.5.5 SWOT Analysis 110
- 12.5.6 Key Strategy 110
- 12.6 AdvancedMD Inc. 111
- 12.6.1 Company Overview 111
- 12.6.2 Financial Overview 111
- 12.6.3 Products/Services Offered 111
- 12.6.4 Key Developments 111
- 12.6.5 SWOT Analysis 112
- 12.6.6 Key Strategy 112
- 12.7 eClinicalWorks 113
- 12.7.1 Company Overview 113
- 12.7.2 Financial Overview 113
- 12.7.3 Products/Services Offered 113
- 12.7.4 Key Developments 113
- 12.7.5 SWOT Analysis 114
- 12.7.6 Key Strategy 114
- 12.8 Meddbase (Medical Management Systems Ltd) 115
- 12.8.1 Company Overview 115
- 12.8.2 Financial Overview 115
- 12.8.3 Products/Services Offered 115
- 12.8.4 Key Developments 115
- 12.8.5 SWOT Analysis 115
- 12.8.6 Key Strategy 115
- 12.9 Koninklijke Philips N.V. 116
- 12.9.1 Company Overview 116
- 12.9.2 Financial Overview 116
- 12.9.3 Products/Services Offered 116
- 12.9.4 Key Developments 117
- 12.9.5 SWOT Analysis 117
- 12.9.6 Key Strategy 117
- 12.10 Agastha, Inc. 118
- 12.10.1 Company Overview 118
- 12.10.2 Financial Overview 118
- 12.10.3 Products/Services Offered 118
- 12.10.4 Key Developments 118
- 12.10.5 SWOT Analysis 118
- 12.10.6 Key Strategy 118
- 12.11 Epic Systems 119
- 12.11.1 Company Overview 119
- 12.11.2 Financial Overview 119
- 12.11.3 Products/Services Offered 119
- 12.11.4 Key Developments 119
- 12.11.5 SWOT Analysis 119
- 12.11.6 Key Strategy 119
- 12.12 Medical Information Technology, Inc. (MEDITECH) 120
- 12.12.1 Company Overview 120
- 12.12.2 Financial Overview 120
- 12.12.3 Products/Services Offered 120
- 12.12.4 Key Developments 121
- 12.12.5 SWOT Analysis 121
- 12.12.6 Key Strategy 121
13 Appendix 122
- 13.1 Discussion Blue Print 123
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
