Global Market Size of Hospital EMR Market – 10 Year Market Forecast

Healthcare

Hospital EMR Market Size Forecast 2022-2029

The global hospital EMR market size is anticipated to grow from an estimated value of USD 20.82 billion in 2022 to a projected value of USD 34.13 billion by 2029, exhibiting a CAGR of 7%. The cumulative market size of the hospital EMR market over the forecast period is USD 218 billion. North America is the key driver supporting the growth of the hospital EMR market and is expected to gain maximum market revenues and market shares by 2029. Due to the pandemic, the market witnessed significant growth because of increased patient volume in hospitals which led to an increase in demand for hospital EMRs thereby boosting the market.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• Global market database studies business units across 600+ markets and 12 different industries including the hospital EMR market.
• What are the major growth factors of the hospital EMR market?

• Increased adoption of hospital EMR by hospitals worldwide due to government mandates and the need to reduce the rising healthcare costs are the major growth factors of the market.
• How did the COVID-19 pandemic affect the hospital EMR market?

• The pandemic significantly increased the patient volume in hospitals which led to an increase in demand of hospital EMRs thereby boosting the market.
• Based on delivery mode, which is the fastest growing market segment?

• Based on delivery mode, cloud based solutions is expected to be the fastest growing market segment.
• How is the market segmented by components?

• By components, the market is segmented into services, software and hardware.

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