Introduction of global Hospital EMR Systems Market:

The intangible facts surrounding the key restraints, opportunities, & risks that are anticipated to affect the industry’s development during the forecast period are investigated in the Hospital EMR Systems Market report (2022-2025). Other assessments, like supply & demand, imports & exports, distribution networks, consumption, and production capacity, are all important in giving business owners, stakeholders, & field marketers a competitive edge over competitors in the same arena. Furthermore, the research evaluates the Hospital EMR Systems Market competitors’ flaws & strengths in several categories. For business owners to establish real business plans, they must analyse previous & future major trends which are actively contributing to the growth of the Hospital EMR Systems industry.

A complete analysis of the global Hospital EMR Systems industry, as well as market segmentation by product type, applications, end-use, & region, is included in the report. The report includes a historical market dynamics analysis from 2022 to 2025, which will help readers compare past trends to current market scenarios, as well as key player contributions.

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Key Market Players

Prominent players in the Hospital EMR Systems Market include Nanosonics (Australia), Tristel (UK), STERIS (UK), and Ecolab (US), Advanced Sterilization Products (US), CIVCO Medical Solutions (US), CS Medical LLC (US), Virox Technologies Inc. (Canada), Germitec S. A. (France). Other players present in the Hospital EMR Systems Market are Schülke & Mayr GmbH (Germany), Parker Laboratories Inc. (US), Metrex Research LLC (US), Soluscope SA (France), Dr. Schumacher GmbH (Germany), Whiteley Medical (New Zealand), MMM Group (Germany), GAMA Healthcare Ltd. (UK), Ruhof Corporation (US), BODE Chemie GmbH (Germany), PDI (US), Advanced Ultrasound Solutions Inc. (US), IMA-X (Luxembourg), Diversey Holdings (US), Borer Chemie AG (Switzerland), and Medevice Healthtech (India). Driver: Growing need for cost-containment in healthcare delivery

The overall cost of healthcare delivery has grown at a double-digit rate in the last few decades. Increasing health insurance premiums, the growing demand for quality healthcare services, the rising geriatric population, and the growing incidence of chronic disorders across the globe are the major factors responsible for the significant rise in healthcare costs. Other major factors contributing to this trend are the high dependency on traditional and technologically outdated clinical devices that increase patient readmission, medical errors, and administration costs.

Driver: Increasing number of ultrasound imaging procedures

Advancements in diagnostic ultrasound imaging procedures have helped improve diagnosis by providing immediate clinical information. The availability of instant diagnostic data has consequently helped reduce overall healthcare costs by replacing more expensive diagnostic exams. A wide range of ultrasound imaging procedures offers significant growth opportunities for the growth of the Hospital EMR Systems Market. Also, the rising geriatric population across the globe is another major factor resulting in the growing volume of ultrasound imaging procedures performed. Since the elderly (65 years and above) are more susceptible to hospital-acquired infections and chronic diseases, such as cardiovascular diseases (CVD) and various cancers, the demand for disease diagnosis and therapies is expected to rise steadily.

Restraint: High cost of automated probe reprocessors

Endocavitary probes and TEE probes are used for transvaginal, transrectal, and transesophageal procedures. Owing to their high cost, most hospitals in developing countries cannot afford automated probe reprocessors for high-level disinfection. The average cost of automated reprocessors is around USD 10,000 to USD 15,000, while a UV-C disinfector costs around USD 15,000 to USD 35,000. In developing countries, the use of automated reprocessors and consumables such as wipes and liquids are not in use at a larger scale because of the high cost. Radiologists in developing countries are of the opinion that the use of these consumables adds to the costs of imaging centers, and hence they prefer using cheaper options like probe covers. Lack of strict regulations for the use of disinfectants before procedures and low awareness of infections caused by infected probes among radiologists and patients are also restraining the adoption of correct disinfection procedures in countries such as India, Brazil, Mexico, and China. The added cost of storage cabinets and maintenance is another major factor limiting the adoption of automated probe reprocessors among end users with limited budgets.

Opportunity: Increasing birth rates/ number of pregnancies

An obstetrical ultrasound is a routine procedure that is performed throughout pregnancy for evaluating the health and development of the fetus through ultrasound images. The rising number of childbirths and pregnancies across the globe is expected to increase the adoption of ultrasound technology for OB/GYN imaging and neonatal care.

India and China, in particular, are expected to witness a considerable increase in the number of childbirths in the coming years. These countries accounted for the highest number of preterm childbirths, with 20.0 million and 12.0 million births, respectively, in 2020 (Source: WHO, 2020). Preterm births have a significantly higher requirement for ultrasound procedures as compared to normal births due to the OB/GYN complications associated with these pregnancies. Also, the high number of births (pregnancies) and newer applications of ultrasound in obstetrics (such as detection of fetal cardiac pulsations and pulsations in various fetal blood vessels) are expected to offer significant growth opportunities for Hospital EMR Systems product manufacturers across the globe.

Challenge: Lack of knowledge about probe reprocessing

Disinfection of ultrasound probes is a critical step in reprocessing, as the use of contaminated probes can lead to fatal patient infections or instrument malfunctions. According to the Joint Commission’s survey, hospital-acquired infections caused due to blood-borne pathogens or bacterial agents in patients are increasing due to a lack of knowledge among healthcare providers about probe reprocessing. Non-compliance with evidence-based guidelines and manufacturers’ instructions for use (IFU) have resulted in the increased risk of infections and outbreaks. Reprocessing of ultrasound probes is a complex job, and high-level disinfection after every use requires skilled personnel. Hence, several hospitals recruit certified sterile processing staff. Written and up-to-date policies and procedures must be available on site for training/monitoring the staff responsible for device reprocessing. Lack of knowledge in probe reprocessing and low awareness about the importance of thorough cleaning of all transducers affects market growth.

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COVID-19 Impact on Hospital EMR Systems Market:

In the Hospital EMR Systems Market, the research also reveals exclusive choices, difficult situations, & problematic scenarios. A series of concepts will aid readers in making decisions & strategizing for their future chances. Our challenges, adversity, and market concerns let our readers realise how businesses might save them. The novel coronavirus illness (COVID-19) problem is wreaking havoc on all service & manufacturing businesses due to severe declines in demand. The majority of workforces in this arena are at risk. As an outcome, a considerable number of originalities have shut down.

The global crisis has impacted every industry. COVID-19’s market impact has been closely monitored by our analysts. A separate section of the report focuses on the setbacks which happened throughout the crisis.

Regional Insights on Hospital EMR Systems Market:

The several sections on regional segmentation provide information on the regional characteristics of the global Hospital EMR Systems Market. This chapter discusses the regulatory environment that will have an impact on the global market. It highlights the market’s political landscape & anticipates its impact on the worldwide Hospital EMR Systems industry. Global brands’ presence and availability, as well as the problems they face from fierce competition from local & domestic brands, the influence of domestic tariffs, and trade channels, are all considered. The Hospital EMR Systems report examines the five areas & their distribution by country:

North America – (U.S., Canada, and Mexico)

Europe – (U.K., Germany, France, Spain, Italy, Sweden, CIS Countries, and Rest of Europe)

Asia Pacific – (China, India, Japan, South Korea, Australia, ASEAN, and Rest of APAC)

Middle East & Africa – (South Africa, GCC Countries, Nigeria, Egypt, and Rest of ME&A)

South America – (Brazil, Argentina, Colombia, and Rest of South America)

In 2017, Merit Medical Systems held the leading position in the Hospital EMR Systemss market. The company operates through two business segments, namely, Cardiovascular and Endoscopy. The company’s strong brand recognition and extensive product portfolio in the Hospital EMR Systemss market is its key strength. Merit Medical markets its products across the US, Canada, Africa, Europe, the Middle East, Asia, South and Central America, and Oceania. The company recorded positive growth in its revenue in 2017, as compared to 2016. Moreover, Merit Medical generated 96.3% of revenue through its Cardiovascular segment.

Global Hospital EMR Systems Marketresearch report offers:

• The global Hospital EMR Systems Market is defined, along with an analysis of several influencing factors like drivers, constraints, opportunities, & challenges.
• Market risk analysis & industry trend analysis are also included in the Hospital EMR Systems Market.
• The market competition landscape is defined, characterised, & analysed using Porter’s Five Force Analysis & SWOT analysis, with a focus on global primary manufacturers.
• Identification and analysis of micro and macro aspects that influence & will influence market growth in the global Hospital EMR Systems competitive landscape.
• A comprehensive list of key market participants in the global Hospital EMR Systems business.
• It gives a descriptive assessment of demand-supply side analysis in the worldwide Hospital EMR Systems Market.
• A statistical analysis of certain major economic indicators
• The market is described using figures, charts, graphs, & drawings.