REPORT OVERVIEW
-
Request a Free Sample to learn more about this report
The global gastroenterology EMR software market size expanded rapidly in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with the gastroenterology EMR market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to generate substantial revenue by 2028, a robust CAGR during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Gastroenterology EMR is also known by the name gastrointestinal endoscopic mucosal resection. This is a procedure which helps in removing early stage of cancer which is made up of abnormal tissues that grow near the digestive tract. Abnormal tissues are called as lesions and they can be removed with the help of EMR.
Electronic medical reports provide a systematic method of collecting and storing information regarding a particular disease. This is identified as the latest trend in the market.
Disease management templates, tightly integrated billing softwares, and, other features of gastroenterology EMR software are increasing the proficiency of these softwares. All of these factors have contributed in the growth and development of the gastroenterology EMR software market share.
COVID-19 impact: Growing Health Concerns During Pandemic Increased Market Growth
Pandemic of COVID-19 led to the downfall of economies of several countries. Rapid spread of coronavirus led to a drastic increase in the death rates of people all over the world. People who contracted coronavirus were diagnosed with a weak immune system. This in turn led to many other complications.
Along with increase in the number of infected people, other health concerns also increased during the time of pandemic. As a result, the healthcare sector experienced a substantial growth during the pandemic. This had a positive impact on gastroenterology EMR software market.
LATEST TRENDS
"Diagnosis of Digestive Track Issues with Assistance of Gastroenterology Software to Increase Market Growth"
Issues related to digestive tracks can lead to the formation of cancer in that region. The formation of cancer can be easily diagnosed with the help of EMR softwares. This software is also programmed to focus and treat problems related to liver and gastrointestinal tract.
Analyzing complexities related to liver and GI can be a very tough procedure. EMR softwares can reduce the difficulty involved in this task. With many advances in technology new innovations have been introduced in the EMR software. They are customized with many new features that can increase the efficiency of this software. This is considered as the latest trend in the market.
SEGMENTATION
-
Request a Free Sample to learn more about this report
- By Purity:
The market can be divided on the basis of type into the following segments:
Cloud-Based, and, on-Premise. The cloud-based segment is anticipated to dominate the market during the forecast period.
- By Application:
Classification based on application into the following segment:
Large Enterprises and small and Medium-sized Enterprises (SMEs). The large enterprise segment is predicted to dominate the market during the research period.
DRIVING FACTORS
"Inclusion of Diseases Management Templates Along with EMR Softwares to Accelerate Market Growth"
EMR softwares are equipped with disease management templates. These templates are specific to each and every problem related to gastrointestinal track (GI). It could either be cancer or bleeding of the gastrointestinal track (GI). This has helped in increasing the demand for the software.
Gastroenterology EMR softwares also incorporate treatment, diagnosis, and, training that is helpful in controlling digestive problems. Specialty templates which are incorporated within the EMR software are designed to deal with procedures like fecal occult blood testing, flexible sigmoidoscopy, upper gastrointestinal endoscopy, liver biopsy, colonoscopy, and, barium swallows. Another excelled feature of EMR software is the inclusion of patient education material. All of these factors are propelling the gastroenterology EMR system market growth and development.
"Efficient Features of Gastroenterology EMR to Propel Market Growth "
EMR softwares have better efficiency due to characteristics like improved quality care, better decision making, good care coordination, and portability. Most of the clinical procedures and operations are automated. This increases their productivity as well as efficiency. Along with providing specialized templates billing softwares with tightly integrated medical facilities are also given.
Gastroenterology softwares are also equipped with electronic medical records. Another technology used in this system includes practice management system. All of this will allow the patients to get treated for their GI problems at a very low cost. Documentation and billing can be done in a formal and systematic manner. The safety of the patient is also increased. All of these factors are generating robust growth in the market.
RESTRAINING FACTOR
"Risk of Sensitive Patient Information to Decrease Market Growth"
A common problem that is associated with all the softwares include breach of information and threat to privacy. The same problem can be seen in case of electronic medical reports. EMR systems related to gastrointestinal tracts will contain sensitive information regarding the patients. This can become a disadvantage for the market.
Softwares are always at the risk of getting hacked. Information collected in such softwares can be misused by hackers. EMR systems store data and other information in cloud. Lack of back-ups can be another problem. If due to some technical error, all the data gets erased retrieving the data can be a tedious task. All such complications linked to EMR systems can affect the market negatively and bring down the market share.
Regional Insights
-
Request a Free Sample to learn more about this report
"North America to Dominate Market in Upcoming Years"
The North American region is predicted to dominate the market during the forecast period. It occupies about a fourth of the market in terms of revenue. The growth of North America in this market can be attributed to factors like the changing lifestyle of people. Unhealthy lifestyle of people has created many healthcare problems. Gastrointestinal problems are increasing in people.
This has increased the need for treatments related to GI and liver problems. In order to properly diagnose the diseases EMR systems are very essential. They are equipped with many facilities that can easily detect and treat the diseases. All of these factors are helping in the gastroenterology EMR software market growth.
Key Industry Players
"Leading Players adopt Acquisition Strategies to Stay Competitive "
Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.
List of Market Players Profiled
- AdvancedMD (Utah)
- DrChrono (U.S.)
- Athenahealth (U.S.)
- Kareo (U.S)
- Bizmatics Software (U.S.)
- Compulink (U.S.)
- Allegiance MD Software Inc (U.S.)
- Greenway Health LLC ()
- Mdconnection (U.S.)
- E-ClinicalWorks (U.S.)
Report Coverage
The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. A list of the key industry players have also been listed to provide a better understanding of the competition in the market.
Frequently Asked Questions
-
Which are the driving factors of the gastroenterology EMR software market?
Disease management templates, tightly integrated billing softwares, and, other features of gastroenterology EMR software are increasing the proficiency of these softwares. All of these factors have contributed in the growth and development of the gastroenterology EMR software market share.
-
Which is the leading region in the gastroenterology EMR software market?
North America is the leading region in the gastroenterology EMR software market.
-
Which are the top companies operating in the gastroenterology EMR software market?
AdvancedMD, DrChrono, athenahealth Kareo, and, Bizmatics Software are the top companies operating in the gastroenterology EMR software market.