ELECTRONIC MEDICAL RECORDS MARKET

 In 2021, the market for electronic medical records was worth USD 27,112.89 million, growing at a CAGR of 6.88% over the projected period. When the participants are spread out across multiple areas, teleconsultation makes use of electronic communications and information technologies. It comprises of a number of components, including nurse call centers, video conferencing, still picture transfer, and medical education. For instance, despite the current novel coronavirus outbreak, Allscripts' customer Gloucestershire Hospitals NHS Foundation Trust successfully went live with the newest upgrade to its Allscripts electronic health record (EHR) in May 2020.

Systems for keeping electronic medical records (EMRs) are growing in popularity as the healthcare sector digitizes. The growth of the EMR market is being fueled by numerous government measures, including encouraging doctors to use electronic health records, investing in training healthcare IT professionals, and setting up regional extension centers to offer technical and other advice.

The cloud-based category is anticipated to hold a sizeable proportion in terms of delivery mechanism. In comparison, cloud-based solutions leverage contemporary methodologies and are typically used by businesses without the necessary internal infrastructure. Compared to client server-based systems, these systems are less expensive to install. Additionally, these software kinds do not require internal maintenance, which is probably the key element causing their rising demand.

Global demand is also anticipated to increase due to COVID-19's increased data volume and growing demand for cloud storage. The long-standing strategic partnership between Allscripts and Microsoft Corp. was extended in July 2020 in order to facilitate the expansion of the creation and provision of cloud-based health IT solutions. The Sunrise cloud-based electronic health record from Allscripts will be supported for the additional five years. As a result of the aforementioned factors, the category is anticipated to rise over the forecast period.

In addition, a number of businesses are beginning a variety of methods like partnerships, the introduction of new products, mergers, and acquisitions in an effort to maintain and grow their market share. For instance, Northern Inyo Healthcare District and Cerner Corporation worked together in February 2021 to modernize its electronic health record. In order to facilitate data sharing among doctors, nurses, and clinicians working in the district's many offices, Northern Inyo Healthcare District is switching to an upgraded computerized system.

With numerous global and international market competitors, the electronic medical records industry is very competitive. The major players are utilizing a variety of growth tactics to improve their market presence, including mergers, acquisitions, partnerships, agreements, collaborations, new product launches, and geographic expansions. Athenahealth, Allscripts Healthcare Solutions Inc., Cerner Corporation, NextGen Healthcare Inc., and Greenway Health LLC are a few of the major participants.

To Get The Market Report Click Here: ELECTRONIC MEDICAL RECORDS MARKET

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