Electronic Medical Record Market Size, Share, Growth Analysis, By Product Type(Hospital EMR, and Ambulatory EMR), By Component(EMR Software, and EMR Services), By Application(Patient Data Management, Data Analytics and Reporting, Regulatory Compliance, Telemedicine Integration), By End-user(Hospitals, Clinics, Ambulatory Surgical Centers, and Others), By Region - Industry Forecast 2024-2031

North America led the market for electronic health records and accounted for the majority of revenue generated in the sector. When compared to other regions, the healthcare IT market in the United States is one of the most established. Due to stringent regulatory requirements, the majority of the region's hospitals and clinics have extensively implemented EHR solutions. EHR systems have been implemented most widely in this region by the United States of America and Canada. For instance, the latest advancement in the digital integration of TELUS Health's employer-focused virtual care service, Akira by TELUS Health, with its electronic medical records (EMRs), which was unveiled in March 2021, can be found here. In addition, a number of businesses are implementing a variety of strategies to maintain and expand their market share, including partnerships, the introduction of new products, mergers, and acquisitions.

For better data storage, governments have advised hospitals and clinics in the North American region to convert traditional medical records to electronic formats.For instance, the Federal Electronic Health Record Modernization (FEHRM) program office announced in an October 2020 update that the Department of Veterans Affairs (VA), the Department of Defense (DOD), and the United States Coast Guard (USCG) had expanded their joint health information exchange (HIE) network.The joint HIE is a more up-to-date health data sharing capability that improves the VA, DOD, and USCG's ability to quickly and safely share electronic health record (EHR) data with community health care providers who are participating.As a result, it is anticipated to support the North American market studies growth over the forecast period due to the aforementioned factors.