Electronic Medical Record Market

Electronic medical records (EMRs) are quickly becoming a standard in modern healthcare. They provide clinicians with a centralized repository for patient data, making it easier to track patient progress and share information between practitioners. EMRs are being adopted by more and more healthcare providers, but the market for EMRs is still evolving.There are several trends that are driving the growth of the EMR market.

Increasing trend of digital health and healthcare: As patients increasingly adopt digital devices and technologies for their personal and professional lives, they are also demanding more robust healthcare services that are delivered through these devices. 

Growing demand for interoperability: As different hospitals adopt different software platforms for managing patient records, it becomes difficult for patients to access their records from different institutions without facing data compatibility issues. To address this challenge, several vendors have developed industry-standard EMR platforms, such as Epic Systems Corporation's Epic 5 and IBM's InfoSphere MDM product lines.

The global electronic medical record market is projected to grow at a CAGR of over **% during the forecast period of 2019–2031. The market is dominated by leading vendors such as EMR vendor Epic Systems Corporation, Medical Data Management (MDM) provider Cerner Corporation, and others.

Some of the key players in the electronic medical record market are Cerner Corporation, NextGen Healthcare Information Systems, LLC, McKesson Corporation, Greenway Health, LLC, Medical Information Technology, Inc., Epic Systems Corporation, and G.E. Healthcare.