An electronic medical records is a digital representation of a patient's paper-based medical information. These electronic medical records aim to improve the overall quality of care. Electronic medical records include clinical, financial, demographic, and coded healthcare data. The continuous evolution and integration of cutting-edge technologies not only enhance the efficiency of healthcare systems but also contribute to the overall improvement of patient care, which is driving the market growth.
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Data Bridge Market Research analyzes that the Asia-Pacific Electronic Medical Records (EMR) Market is growing with a CAGR of 6.2% in the forecast period of 2024 to 2031 and is expected to reach USD 4.77 billion by 2031 from USD 2.94 billion in 2023.
Key Findings of the Study
Growing Investment and Funding in Healthcare
The escalating investments and increased funding within the healthcare sector have emerged as key drivers propelling the exponential growth of Asia-Pacific Electronic Medical Records (EMR) market. With a steadfast commitment to advancing patient care and operational efficiencies, these financial injections bolster the development and implementation of sophisticated EMR systems. The government recognizes the transformative potential of digital healthcare solutions, the infusion of capital fuels innovation, fosters technological advancements, and amplifies the adoption of EMRs across diverse healthcare landscapes.
The foundation of medical ethics, particularly in the context of patient care, is built upon the principle of respecting patient autonomy. Patients must have access to their records to participate completely in their care. Access to records gives patients better knowledge about their health condition, which may boost their chances of changing their treatment plans and getting second opinions. Thus, it is driving market growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Year
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2022 (Customizable to 2016–2021)
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Quantitative Units
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Revenue in USD Billion
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Segments Covered
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Component (Software and Services), Type (Interoperable EMR, Traditional EMR, Speech Enabled EMR, and Others), Delivery Mode (Cloud-Based Setups, Hybrid Setups, and Client Server Setups), Application (Specialty Application and General Application), End User (Hospitals, Ambulatory Surgical Centers, Specialized Clinics, General Physician Clinics, and Others)
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Market Players Covered
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Oracle Corporation (U.S.), GE HealthCare (U.S.), athenahealth, Inc. (U.S.), Veradigm LLC (U.S.), Medanta The Medicity (India), FPT Software (Vietnam), Altera Digital Health Inc. (U.S.), Napier Healthcare Solutions Pte. Ltd (U.S.), InSync Healthcare Solutions. (U.S.), Practo (India), Henry Schein Medical Systems, Inc. (U.S.), HealthPlix (India), WebPT (U.S.), Greenway Health, LLC (U.S.), VinBrain (Vietnam), Docon technologies Pvt. Ltd (India), JVS Group (India), Suvarna Technosoft Pvt Ltd (India), AgileEMR (France), Infor (U.S.), Aoikumo (Malaysia), KareXpert, Inc. (U.S.), Anzer IT Healthcare Asia (Singapore), DocEngage (India), Docpulse (India), Halemind Inc. (U.S.), NextGen eSolutions (P) Ltd. (India), MyWam Sdn Bhd (Malaysia), and PT. Media Integrasi Teknologi (Indonesia) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
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Segment Analysis
Asia-Pacific Electronic Medical Records (EMR) market is categorized into five notable segments such as component, type, delivery mode, application, and end use.
- On the basis of component, the Asia-Pacific Electronic Medical Records (EMR) market is segmented into software and services
In 2024, the software segment is expected to dominate the Asia-Pacific Electronic Medical Records (EMR) Market
In 2024, the software segment is expected to dominate the market with a market share of 59.42% as there are various types of new software present in the market which have the major demand across various regions around the globe.
- On the basis of type, the Asia-Pacific Electronic Medical Records (EMR) market is segmented into interoperable EMR, traditional EMR, speech enabled EMR, and others
In 2024, the interoperable EMRs segment is expected to dominate the Asia-Pacific Electronic Medical Records (EMR) Market
In 2024, the interoperable EMRs segment is expected to dominate the market with a market share of 58.95% as this type of EMR has more impact in the market.
- On the basis of delivery mode, the Asia-Pacific Electronic Medical Records (EMR) market is segmented into cloud-based setups, hybrid setups, and client server setups. In 2024, the cloud based setups segment is expected to dominate the market with a market share of 61.03%
- On the basis of basis of application, the Asia-Pacific Electronic Medical Records (EMR) market is segmented into specialty application and general application. In 2024, the specialty application segment is expected to dominate the market with a market share of 62.79%
- On the basis of end user, the Asia-Pacific Electronic Medical Records (EMR) market is segmented into hospitals, ambulatory surgical centers, specialized clinics, general physician clinics, and others. In 2024, the hospitals segment is expected to dominate the market with a market share of 40.25%
Major Players
Data Bridge Market Research recognizes the following companies as the major players in the Asia-Pacific Electronic Medical Records (EMR) market that include Oracle Corporation (U.S.), GE HealthCare (U.S.), athenahealth, Inc. (U.S.), Veradigm LLC (U.S.), Medanta The Medicity (India), FPT Software (Vietnam), Altera Digital Health Inc. (U.S.), Napier Healthcare Solutions Pte. Ltd (U.S.).
Market Developments
- In October 2023, United Medical, LLC, extended its 20-year collaboration with Oracle Health for seven more years, deploying Oracle Health EHR across additional outpatient centers. This move enhances efficiency, integrates the ambulatory network, and alleviates administrative burdens for caregivers. The strategic alignment aims to support future growth, offering practitioners advanced technology for improved financial outcomes and top-tier patient care, with Oracle Health's EHR streamlining workflows, centralizing patient data, and facilitating informed coordinated care
- In November 2023, General Electric introduces Digital Expert Access, the first FDA 510(k)-cleared device for remote patient scanning. The collaboration with IONIC Health enhances multi-vendor remote scanning capabilities, addressing radiologist shortages and optimizing healthcare workflows
- In February 2023, Veradigm LLC FollowMyHealth earned the distinction of the Most Improved Software Product by KLAS, showcasing substantial enhancements in customer satisfaction and affirming its pivotal role in elevating patient care and experience over the past year. This recognition underscores Allscripts's commitment to continuous improvement and the positive impact of FollowMyHealth on user satisfaction and healthcare outcomes
- In October 2023, Altera Digital Health, a global health IT leader, announced that dbMotion Solution earned the No. 1 ranking on Black Book Research’s list of the top clinical data integration and interoperability solutions. The ranking is based on Black Book’s survey of 4,021 health information management users at medical practices, hospitals, and other healthcare
- In November 2020, Avion Pharmaceuticals (subsidiary of Alora Pharmaceuticals, LLC), LLC, a specialty pharmaceutical firm, has secured an exclusive license and commercialization agreement with Aspen Pharma USA Inc. and Aspen Global Incorporated. This agreement grants Avion exclusive rights to relaunch Cenestin (synthetic conjugated estrogens, A) tablet, the sole plant-derived blend of 9 conjugated estrogens
Regional Analysis
The countries covered in this market report are China, Japan, India, South Korea, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Vietnam, and rest of Asia-Pacific.
China is the dominant and the fastest-growing country in the Asia-Pacific Electronic Medical Records (EMR) Market
China is expected to dominate the market due to its large population, substantial government investments in healthcare IT, and rapid adoption of digital healthcare solutions.
As per Data Bridge Market Research analysis:
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