2014-01-28 10:33:02 - Global Hospital-based EMR Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Hospital-based Electronic Medical Records (EMR) market is to grow at a CAGR of 7.46 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased demand for advanced health monitoring systems. The Global Hospital-based EMR market has also been witnessing a high demand for cloud computing services. However, high implementation costs could pose a challenge to the growth of this market.
Enterprises across the globe are witnessing an increased adoption of cloud computing as they have realized the cost benefits associated with cloud-based services. There is also an increased adoption of EMR applications that cater to the requirements of end-users adopting cloud-based services. Cloud service providers are offering software, computing platform, and
infrastructure support through the internet at far lower costs than the internal IT hardware infrastructure. Further, cloud-based services have various advantages such as rapid scalability, easy access, uninterrupted service, and high security. Such factors are responsible for the higher adoption of cloud services for hospital-based EMR systems.
One of the major drivers is the increased demand for advanced health monitoring systems. EMR systems provide advanced monitoring that enables doctors and patients to access high-quality healthcare information from anywhere. This results in faster access of health information and is expected to reduce medical errors, therefore reducing costs for hospitals.
One of the key challenges in this market is the high cost of implementation. The deployment of EMR systems is an expensive process. In addition to capital costs, maintenance costs of such systems are also high.
The key vendors dominating this space include Cerner Corp., Epic Systems Corp., McKesson Corp., and Siemens Healthcare Ltd. The other vendors mentioned Abraxas Inc., AllMeds Inc., Allscripts Corp., AmazingCharts Inc., Aprima Medical Software Inc., Athenahealth Inc., ChartLogic Inc., CliniComp Intl, CPSI Inc., CureMD healthcare, eClinicalworks, GE Healthcare Inc., Greenway Medical Technologies Inc., Healthland Inc., Healthcare Management Systems, Medical Information Technology Inc./Meditech, and NextGen Healthcare.
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