The global electronic medical records market Growth Accelerated by Increased Adoption in Developing Nations


The electronic medical records (EMR) system aids in maintaining digital medical records of patients instead of traditional paper records. EMRs assist clinicians in easy access to comprehensive medical history, improves quality of care, reduces medical errors, and enhances efficiency. The growing need for integrated healthcare systems and initiatives by governments worldwide to promote EMR adoption is propelling the electronic medical records market growth.

The global electronic medical records market is estimated to be valued at US$ 18,040.5 Mn in 2023 and is expected to exhibit a CAGR of 8.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends driving the growth of electronic medical records market is increased adoption in developing nations. Various developing countries are vigorously working towards digitalizing their healthcare infrastructure and promoting EMR adoption. For instance, governments in nations such as India, Brazil, China, and countries in the Middle East have launched several initiatives such as subsidies, incentives for EMR implementation, healthcare modernization programs, and investments in telehealth to modernize their healthcare systems. This has considerably increased EMR adoption rate in developing regions. These initiatives are expected to continue over the forecast period and significantly contribute to the growth of the overall electronic medical records market.


Segment Analysis

The global electronic medical records market is dominated by acute EMR sub segment, accounting for over 35% of the total market share. Acute EMR is designed to manage clinical information of patients requiring short-term treatment. They are widely used across hospitals and clinics to easily record, store, track and maintain health records of short-term patients. Features such as real-time updates, clinical decision support, ability to share records across departments and compliance with regulatory requirements have made acute EMR the most preferred sub segment.

Key Takeaways

The global electronic medical records market is expected to witness high growth over the forecast period supported by rising government spending to digitalize healthcare facilities and increasing adoption of EHR systems by healthcare providers to improve patient outcomes. The global electronic medical records market is estimated to be valued at US$ 18,040.5 Mn in 2023 and is expected to exhibit a CAGR of 8.5% over the forecast period 2023 to 2030.

North America dominated the market in 2023 with over 40% share. Government incentives for implementing EMR systems and heavy investments by private healthcare companies to provide advanced healthcare services are boosting adoption in the region. Europe is expected to witness considerable growth during 2023-2030, driven by increasing healthcare spending across UK, Germany, France and Italy.

Key players operating in the electronic medical records market are GE Healthcare, Epic Systems Corporation, McKesson Corporation, Cerner Corporation, Allscripts Healthcare Solutions, Inc., Computer Programs and System Inc., Medical Information Technology, Inc., Next Gen Healthcare Information Systems, LLC, and Greenway Health, LLC. GE Healthcare holds leading position in acute EMR sub segment with its Centricity platform installed across major hospitals globally. Epic Systems Corporation is a dominant player in ambulatory EMR domain with over 30% market share in the US. McKesson Corporation provides comprehensive solutions for ambulatory as well as acute care settings.

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