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North America has firmly established itself as the dominant regional market for electronic medical records (EMR) and is estimated to hold 42.8% of the market share in 2024. The early adoption of digitalization across the American healthcare sector provided local companies an advantage in developing EMR technologies. Several leading EMR software providers such as Epic Systems, Cerner and Allscripts gained their roots in the US market, perfecting their offerings to meet the specific needs of various healthcare providers from large hospitals to small physician practices. With over a decade of implementation experience, the US boasts high EMR usage rates of over 85% among eligible providers. The centralized push for digitalization through government incentives like Meaningful Use also ensured wide acceptance of EMR systems in the region. Many hospitals and physician offices now rely on these systems for clinical workflows and patient data management.
The Asia Pacific region presents the most promising growth prospects for EMR vendors looking beyond saturated Western markets. Countries like China, India, Japan, Australia and South Korea are experiencing exponentially rising healthcare demands with limited resources. This provides a strong impetus for EMR adoption that can enhance coordination, resource optimization and expand access in these nations. The region also possesses growing domestic capability in IT and internet where EMR platforms can be tailored. Several local and multinational companies have already established Asia Pacific headquarters to gain first-mover advantage as governments roll out electronic health plans. With rising income levels and its massive population base, the Asia Pacific region is primed to become the electronic medical records market of the future.
Electronic Medical Records Market Report Snapshots
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