United Kingdom Electronic Medical Record (EMR) Market Size, Share, Opportunities, And Trends By Deployment (Client-Server Based, Web-Based), By End-User (Hospitals, Ambulatory Care, Physicians Lab, Laboratories, Pharmacies), And By Services Offered (Licensed Software, Technology Resale, Subscriptions, Professional Services, Others), And By Region - Forecasts From 2023 To 2028
- Published : Jun 2023
- Report Code : KSI061610950
- Pages : 85
The United Kingdom EMR market is predicted to grow at a CAGR of 11.17% from US$1,045.974 million in 2021 to US$2,194.534 million by 2028.
The market is expected to surge in the coming years due to the increasing and rapid digitization of the UK's healthcare sector. Increasing government funding has also been playing an imperative role in market growth. The National Health Service in the country has committed to making patients' records paperless by 2020. The National Health Service (NHS) has been holding patient information and data in various settings, both in electronic and paper form. Electronic records in the country have been stored by hospitals, GPs, mental health providers, and others. In the United Kingdom, Wales, Scotland, and Northern Ireland have made significant gains and progress to enable the sharing of electronic medical and health records. The growing GDP, population, life expectancy, & disposable income are all important drivers of this market's expansion.
However, adopting such records in hospitals has typically been gradual, even though the use of EHRs is widely seen as essential to modernizing the organization and delivery of environmentally friendly, high-quality healthcare. The methods used to implement EHRs range from top-down, government-driven, and nationally standardized commercial software applications to locally developed systems in lone organizations with the required technical and managerial capacity, interoperability standards for tying together various information technology (IT) systems, etc.
The government will implement a fully finished EHR system in England by 2020.
The National Information Board, NHS England, & the HSDIC were in charge of managing the HER. These organizations were responsible for developing and forming national norms for electronic wellness and medical records. The government has also increased healthcare expenditure in the United Kingdom, which has increased the demand for the electronic medical records market in the UK. For instance, as per the 2021 report of UK Health Accounts of National Statistics, government healthcare spending increased by 9.4% in nominal amounts and by 9.6% in real ones to £233.1 billion in 2021. This trend persisted after an exceptional 13.5% real growth in government spending in 2020.
The market is expected to surge in the coming years due to the increasing digitization of the healthcare sector.
According to several official surveys, general citizen support has been for increasing and enhancing information sharing and efficiency that the electronic medical and health records offer. Despite the hindrances faced by previous NHS technology projects, the public, and patients have supported the development and implementation of digitization in the healthcare sector by integrating electronic health records for healthcare planning, policy, provision, and research. The national health service offers several programs to aid in the country's transition to digital healthcare. The schemes have also been introduced for the support of electronic records. The Integrated Digital Care Fund has been awarding money to NHS Trusts to increase the adoption of safe, modern standards of electronic record keeping.
Further, by 2025, the UK's National Health Service (NHS) is expected to invest $2 billion (about $2.4 billion) in electronic health records for all hospitals and community practices. Additionally, the United Kingdom Plans to enhance the functionality of the NHS App, smartphone software that allows users to access common NHS services, which are also part of the new digital health strategy. From March 2023, general practice surgeons can enroll patients using the app.
United Kingdom Electronic Medical Record (EMR) Market Scope:
Report Metric | Details |
Market Size Value in 2021 | US$1,045.974 million |
Market Size Value in 2028 | US$2,194.534 million |
Growth Rate | CAGR of 11.17% from 2021 to 2028 |
Base Year | 2021 |
Forecast Period | 2023 – 2028 |
Forecast Unit (Value) | USD Million |
Segments Covered | Deployment, End-User, Services Offered, and Region |
Regions Covered |
England, Wales, Northern Ireland, Scotland |
Companies Covered | GE Healthcare, Siemens Medical Solutions, MAXIMUS, Kainos, Cerner Corporation, Greenway Health, Allscripts Healthcare, Philips |
Customization Scope | Free report customization with purchase |
Market Segmentation:
- By Deployment
- Client-server based
- Web-based
- By End-User
- Hospitals
- Ambulatory Care
- Physicians Clinic
- Laboratories
- Pharmacies
- By Services Offered
- Licensed Software
- Technology Resale
- Subscriptions
- Professional Services
- Others
- By Region
- England
- Wales
- Northern Ireland
- Scotland
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. UNITED KINGDOM ELECTRONIC MEDICAL RECORD MARKET BY DEPLOYMENT
5.1. Introduction
5.2. Client-server based
5.3. Web-based
6. UNITED KINGDOM ELECTRONIC MEDICAL RECORD MARKET BY END-USER
6.1. Introduction
6.2. Hospitals
6.3. Ambulatory Care
6.4. Physicians Clinic
6.5. Laboratories
6.6. Pharmacies
7. UNITED KINGDOM ELECTRONIC MEDICAL RECORD MARKET BY SERVICES OFFERED
7.1. Introduction
7.2. Licensed Software
7.3. Technology Resale
7.4. Subscriptions
7.5. Professional Services
7.6. Others
8. UNITED KINGDOM EMR MARKET BY REGION
8.1. Introduction
8.2. England
8.3. Wales
8.4. Northern Ireland
8.5. Scotland
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. GE Healthcare
10.2. Siemens Medical Solutions
10.3. MAXIMUS
10.4. Kainos
10.5. Cerner Corporation
10.6. Greenway Health
10.7. Allscripts Healthcare
10.8. Philips
GE Healthcare
Siemens Medical Solutions
MAXIMUS
Kainos
Cerner Corporation
Greenway Health
Allscripts Healthcare
Philips
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