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In the realm of point-of-care healthcare, healthcare information technology (healthcare IT) encompasses Electronic Health Records (EHR) and Electronic Medical Records (EMR), both of which play a pivotal role in enhancing the quality and coordination of medical services. While the terms EHR and EMR are often used interchangeably, it's essential to recognize their distinct characteristics. As defined by the Office of the National Coordinator for Health Information Technology (ONC), electronic medical records (EMR) refer to digital versions of paper charts found in clinicians' offices, containing the medical and treatment history of patients.
On the other hand, Electronic Health Records (EHR) are designed to transcend the boundaries of the health organizations that initially collect and compile information. EHRs have the capability to share information seamlessly between healthcare providers, laboratories, specialists, and other entities involved in patient care.
Recent years have witnessed a surge in the application of healthcare IT in the medical sector, leading to a simultaneous adoption of EHR-EMR systems. According to the updated factsheet of 2017 published by the Centers for Disease Control and Prevention, it was estimated that approximately 86.9% of office-based physicians were utilizing EMR/EHR systems. Additionally, the Office of the National Coordinator for Health Information Technology reported that, in 2015, around 64% of physicians were using an electronic health record (EHR) equipped with the capability to exchange secure messages with patients.
These statistics indicate a rising trend in the adoption rates of EHR-EMR systems, providing a developmental backdrop for the market to expand further. The integration of these technologies is contributing to improved healthcare practices by facilitating the secure and efficient exchange of crucial medical information.
One of the key distinctions between EMR and EHR lies in their scope and functionalities. While EMRs are primarily confined to a clinician's office and contain the comprehensive medical and treatment history of patients within that specific setting, EHRs extend beyond organizational boundaries. EHRs enable the seamless sharing of medical information across diverse healthcare settings, promoting a more interconnected and collaborative approach to patient care.
The collaborative nature of EHRs allows for enhanced coordination among healthcare providers, laboratories, and specialists. This interconnectedness is crucial for ensuring that the right information is available to the right individuals at the right time, thereby improving overall patient care outcomes. The ability of EHRs to transcend organizational silos makes them instrumental in promoting a holistic view of a patient's health, streamlining communication, and reducing redundancy in medical procedures.
As healthcare providers increasingly recognize the benefits of interoperability and collaborative care, the adoption of EHR-EMR systems is poised to grow further. The ongoing advancements in healthcare IT, coupled with the evolving needs of the healthcare landscape, contribute to the continuous development and refinement of these electronic record systems. In essence, the integration of EHR-EMR not only enhances the efficiency of medical practices but also lays the foundation for a more integrated, patient-centric healthcare approach.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Growing Adoption Of EHRs-EMRs In Untapped Markets Of Asia-Pacific Provides Opportunities For The Market To Grow |
Global EHR EMR Market Highlights:
Global US EHR-EMR Market Overview
The US EHR-EMR Market is estimated to have a substantial growth of 3.2% CAGR during the forecast period. According to the MRFR Analysis, the market value of EMR and EHR Systems will reach up to USD 7.98 Billion by the year 2032. The full form of EMR and EHR Systems is Electronic Health Record-Electronic Medical Health Record. In this system, the important information of patients is stored digitally on various healthcare platforms.
The information in this system is related to the patients’ demographics, medical history, allergies, treatment, medications, billing information, etc. The market consists of different segments such as consulting, software services, on-premise, and on-cloud. In the forthcoming years, it is evaluated that North America will hold the largest share.
COVID-19 Analysis
The EMR and EHR market was highly affected due to the advent of COVID-19 disease. Various factors such as the imposition of lockdown highly affected the healthcare system. However, the use of digital technology has incredibly helped to manage the patient's data remotely. In the forthcoming years, the positive growth of EMR and EHR vendors will help the market to flourish.
Global & US EHR-EMR Market Size, by MODE OF DELIVERY, 2017 (USD Million) 
Source: MRFR Analysis
The growth of the EMR and EHR market can be attributed, in part, to the progression and widespread implementation of digitalization. In addition to this, the constructive steps taken by the governments of a number of countries have completely revolutionized the healthcare industry. These days, electronic medical records (EMR) and electronic health record (EHR) systems are quite effective in maintaining up-to-date patient records.
During the time covered by the forecast, the US Electronic Health Record and Electronic Medical Record Market would benefit significantly from the existence of a number of new prospects. There will be a wide variety of opportunities made available as a result of the rapid growth of technology, particularly in developing nations such as China and India.
The US Electronic Health Record and Electronic Medical Record Market's value chain is expected to further strengthen in the next time as a result of the significant demand in the healthcare sector. In tandem with this, increasing developments made by EMR-EHR vendors in the form of new technologies, mergers, and acquisitions would lead to a growth in market value.
January 2023:The National Health Authority of India will begin offering financial incentives in the month of January 2023 to healthcare providers and other stakeholders in India's digital health ecosystem who are actively promoting the construction of electronic health records. Health facilities with 10 or more beds, diagnostic centers, and providers of digital solutions like HMIS and LMIS will be eligible to receive up to almost $500,000 in funding under this initiative. It will be distributed in proportion to the number of electronic medical records that have been developed and connected to an Ayushman Bharat Health Account. The incentives come at a time when other public health-related technologies, such as the Unified Payments Interface, tuberculosis case notification, and Janani Suraksha Yojana, a safe motherhood intervention program, have been spurred to adoption by similar incentive programs.
EMR and EHR Market Trends
Market Drivers
The evolution and rapid adoption of digitalization have helped the EMR and EHR market to boost. Along with that, the positive initiatives by the government of several countries have transformed the healthcare sector. Now, the EMR and EHR Systems are efficient in keeping the record of patient data updated.
Restraints
However, the high cost for the implementation of the EMR and EHR Systems is a major restraint. Due to this reason, it is estimated that the market growth will slow down at a significant rate. However, several acquisitions, mergers, and new product launches will help the market to recover its growth.
Opportunities
There are several new opportunities that help give a significant boost to the US EHR-EMR Market during the forecast period. The rapid technological advancements especially in the growing countries such as China, and India will provide various opportunities.
Challenges
The increasing digitalization across various platforms has also increased the concerns over data security. Along with that, the lack of skilled individuals and providing them adequate training will be a major challenge for the market growth.
Cumulative Analysis
The Compound Annual Growth Rate (CAGR) of the US EHR-EMR Market is estimated to grow a 5.82%. Along with that, the market growth will further reach up to USD 42,500 by the end of the forecast period. The rising need for the EMR and EHR systems, increasing use of digitalization is promoting market growth in the forthcoming years.
Value Chain Analysis
With the significant demand in the healthcare sector, the value chain of the US EHR-EMR Market will further strengthen in the upcoming period. Along with that, growing developments by the EMR-EHR vendors with new technologies, mergers, and acquisitions, the market value will increase.
Global & US EHR-EMR Market Share, by Region (%) 
Source: MRFR Analysis
Global and US EHR-EMR Market Segmentations
The market segments of the US EHR-EMR Market are divided into application, component, and mode of delivery, and end-user.
Based on the application, the US EHR-EMR Market is segmented into general application and specialty-based.
Based on the end-user, the US EHR-EMR Market is segmented into ambulatory care, clinics and hospitals, and diagnostic centers.
Based on the delivery mode, US EHR-EMR Market is again divided into cloud-based and on-premise models.
Based on the components, the US EHR-EMR Market is again segmented into hardware, consulting and services, and software.
June 2023:The American Medical Association has designated nine different healthcare companies to investigate how electronic health records (EHRs) might be utilized more effectively. This study is scheduled to take place in June 2023. The grants are being provided by the Electronic Health Record Use Research Grant Program of the American Medical Association (AMA). This program supports research into how EHRs can help prevent clinician burnout and turnover, enhance high-quality patient care, and improve workflows, teamwork, and resource allocation at the practice level.
March 2023:Fujitsu, a Japanese information and communications technology company, has introduced a new cloud-based platform that enables the safe collecting, storage, and utilization of data connected to health and health-related topics. The new platform, which is based on Microsoft Azure, enables automatic translation of medical data from EMR systems to conform with current HL7 FHIR standards for the purpose of facilitating easy utilization as well as data transmission. Additionally, it enables the safe collecting and compilation of a vast array of health and health-related data, such as vital statistics, step counts, and calorie consumption information.
Regional Analysis
On the basis of region, the US EHR-EMR Market is segmented into North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa. According to MRFR analysis, it is evaluated that North America will hold the largest share in the global market. The presence of EMR-EHR vendors in Canada and the US and growing technological advancements are fuelling the market growth.
Secondly, Europe will hold the second-largest share in the global market. The rising adoption of EMR-EHR facilities is the major reason for the significant growth. Along with that, the Asia-Pacific region consists of developing countries such as India, Australia, Singapore, China, etc. The growing awareness for EMR and EHR Systems and supportive policies by the government will further boost the growth of the US EHR-EMR Market. Lastly, the Middle East and Africa will have the lowest market share as compared to other regions. The lack of technological advancements and healthcare systems in countries of this region is the major reason for slow growth. However, the development in countries such as the UAE and Saudi Arabia has resulted in positive growth.
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