Brazil electronic medical record market is projected to grow at a CAGR of 8.33% to reach US$769.397 million by 2026, from US$439.335 million in 2019.
Electronic Medical Records are electronic documents that are essentially made up of images from basic facts or situations, information, and signals. It stores the information in digital form, pertaining to patient health. It helps in storing data with great accuracy and capture the condition of the patient across time.
A major reason for the growth of this market is the rising GDP, population size, increasing life expectancy, and disposable income.
Brazil is the fifth largest country in terms of both area and population in the world. The population of Brazil accounts for approximately 214 million. With an increasing population and health consciousness among the people, Private Health Insurance and plans Information Exchange Standard was established by The Brazilian Agency for Supplementary Heath to exchange information among health insurance companies and health providers. For this, it implemented prototype software, used in the open EMR reference model.
The electronic Medical Record Market in Brazil is at its initial growth phase and is anticipated to put forward new opportunities in the coming years. With rising income and the demand for better healthcare services, the demand for emr’s in Brazil is on an increase to carry on the operations of healthcare organizations.
The increase in investments by various healthcare IT players is expected to drive the demand for this market in the forecast period.
The outbreak of COVID-19 is anticipated to fuel the growth of this market.
As of June 2021, Brazil has registered more than 17 million cases. The very recent COVID-19 epidemic has led to several changes in the way of treating patients. This has encompassed telemedicine in the routine, which is ruling out the need for an in-person doctor visit. With an increasing need for remote delivery for healthcare services accompanied by the need for social distancing, hospitals in Brazil are continuously building up their efforts to incorporate EMR facilities in order to keep track of their patient health record.
Brazil EMR (Electronic Medical Record) Market Scope:
|Market size value in 2019||US$439.335 million|
|Market size value in 2026||US$769.397 million|
|Growth Rate||CAGR of 8.33% from 2019 to 2026|
|Forecast Unit (Value)||USD Million|
|Segments covered||Product, End-User, And Services offered|
|Companies covered||MV Sistemas, Philips-Tasy, GE Healthcare, Siemens, Cerner Corporation, Allscripts Healthcare, Greenway Health, CureMD Healthcare|
|Customization scope||Free report customization with purchase|
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The 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. Brazil EMR Market, By Product
5.2. Client-server based
6. Brazil EMR Market, By End-User
6.3. Ambulatory Care
6.3.1. Physicians clinic
7. Brazil EMR Market, By services offered
7.2. Licensed software
7.3. Technology resale
7.5. Professional services
8. Competitive Intelligence
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investment and Deals
8.3. Strategies of Key Players
9. Company Profiles
9.1 MV Sistemas
9.3. GE Healthcare
9.5. Cerner Corporation
9.6. Allscripts Healthcare
9.7. Greenway Health
9.8. CureMD Healthcare
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