What Fueled The Previous Growth In The Gastroenterology Electronic Medical Records EMR Software Market?
The gastroenterology electronic medical records emr software market has seen considerable growth due to a variety of factors.
• In the past few years, the market size of gastroenterology electronic medical records (EMR) software has seen a robust growth. It is expected to expand from $2.87 billion in 2024 to $3.22 billion in 2025, maintaining a compound annual growth rate (CAGR) of 12.2%.
This growth can be linked to the surge in the utilization of EMR data for clinical studies, population growth, elevated patient volume, increased awareness, and regulatory mandates.
What Can Be Expected from the Gastroenterology Electronic Medical Records EMR Software Market Size?
The gastroenterology electronic medical records emr software market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to witness significant expansion in the upcoming years, the market size of the gastroenterology electronic medical records (EMR) software is projected to reach $5.06 billion by 2029, expanding at a compound annual growth rate (CAGR) of 12.0%.
This acceleration during the forecasted timeline could be the result of increasing emphasis on patient safety, escalating demands for cutting-edge healthcare solutions, growing healthcare service needs, the emergence of genomic medicine, and a surge in the employment of personalized medicine. Some of the key trends identified during this forecasted period are utilization of research and data, clinical integration, telehealth and remote monitoring, management of chronic diseases, and improvement in managing and allocating resources.
What Are the Critical Driver Fuelling The Gastroenterology Electronic Medical Records EMR Software Market's Growth?
The rise in chronic gastrointestinal ailments is predicted to spur the gastroenterology electronic medical records (EMR) software market's growth. Chronic gastrointestinal illnesses encompass enduring or recurrent disorders that influence the digestive system, including the stomach, intestines, esophagus, liver, pancreas, and other affiliated organs. The increase in these chronic gastrointestinal diseases can be attributed to changes in diet, lifestyle habits, older demographics, environmental influences, genetic factors, and genetic inclination. The gastroenterology EMR software improves the monitoring and management of chronic gastrointestinal diseases, including inflammatory bowel disease (IBD), by streamlining patient information, enhancing the precision of treatment, and promoting ongoing care due to their increasing prevalence. For example, the IBD Clinical and Research Centre, a Canada-based organization dedicated to bettering the lives of patients suffering from Crohn's disease and ulcerative colitis, reported in September 2023 that over 320,000 Canadians are affected by inflammatory bowel disease (IBD), with a prevalence rate of 825 per 100,000 people in 2023. With the projected annual growth rate of 2.44%, it is anticipated that by 2035, 1.1% of the Canadian population, translating to 470,000 individuals, will be living with IBD. Therefore, the rising occurrence of chronic gastrointestinal disorders is promoting the expansion of the gastroenterology electronic medical records (EMR) software market.
How Is The Gastroenterology Electronic Medical Records EMR Software Market segmented?
The gastroenterology electronic medical records (EMR) software market covered in this report is segmented –
1) By Type: Cloud-Based, On-Premise
2) By Application: Hospitals, Clinics, Research Institutes
3) By End-User: Physicians, Patients
Subsegments:
1) By Cloud-Based: SaaS (Software as a Service) Solutions, Multi-Tenant Cloud Solutions, Private Cloud Solutions, Hybrid Cloud Solutions, Mobile Access Cloud Solutions
2) By On-Premise: Standard On-Premise EMR Software, Customizable On-Premise Solutions, Integrated On-Premise EMR Systems, Standalone On-Premise EMR Software, High-Security On-Premise Solutions
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Which Emerging Market Trends Are Altering The Gastroenterology Electronic Medical Records EMR Software Industry?
Key players in the gastroenterology electronic medical records (EMR) software industry are utilizing cutting-edge technology such as artificial intelligence tools to boost diagnostic precision, automate tasks, and offer individualized patient care. AI tools refer to software applications or systems that use AI technologies to carry out functions traditionally needing human intellect. An example of this is when, in January 2024, GI Alliance, a gastroenterology management company based in the US, teamed up with Ambience Healthcare, a US-based healthcare technology company, to create an all-encompassing set of AI documentation tools, particularly curated for gastroenterology. The goal of this collaboration is to incorporate sophisticated EMR solutions that optimize processes, escalate patient outcomes, and amplify data management efficiency in gastroenterology procedures.
Who Are the Key Players In The Gastroenterology Electronic Medical Records EMR Software Market?
Major companies operating in the gastroenterology electronic medical records (EMR) software market are:
• McKesson Corporation
• Cerner Corporation
• Epic Systems Corporation
• Athenahealth Inc.
• Allscripts Healthcare Solutions Inc.
• eClinicalWorks LLC
• CompuGroup Medical SE & Co. KGaA
• Medical Information Technology Inc.
• CareCloud Inc.
• Greenway Health LLC
• Modernizing Medicine Inc.
• PracticeSuite Inc.
• DrChrono Inc.
• Compulink Healthcare Solutions
• AdvancedMD Inc.
• CureMD.com Inc.
• ChartLogic Inc.
• AllegianceMD Software Inc.
• InSync Healthcare Solutions LLC
• Bizmatics Inc.
• Nuesoft Technologies Inc.
What Is The Most Dominant Region In The Gastroenterology Electronic Medical Records EMR Software Market?
North America was the largest region in the gastroenterology electronic medical records (EMR) software market in 2024. The regions covered in the gastroenterology electronic medical records (EMR) software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
