Canada Electronic Medical Record Market Size, Share, and COVID-19 Impact Analysis, By Product (On-Premises and Web & Cloud-Based EHR), Type (Acute, Outpatient, and Post-Acute), By Business Model (Licensed Software, Technology Resale, Subscriptions, Professional Services, and Others), By Application (Cardiology, Neurology, Radiology, Oncology, Mental & Behavioral Health, Nephrology & Urology, Gastroenterology, Pediatrics, General Medicine, Physical Therapy and Rehabilitation, and Others), and Canada Electronic Medical Record Market Insights Forecasts 2023 - 2033.

Canada Electronic Medical Record Market Size Insights Forecasts to 2033

• The Canada Electronic Medical Record Market Size is Growing at 7.1% CAGR from 2023 to 2033.
• The Canada Electronic Medical Record Market Size is Expected to Reach a Significant Share by 2033.

The Canada Electronic Medical Record Market Size is Expected to Reach a Significant Share by 2033, Growing at a 7.1% CAGR from 2023 to 2033.     

Market Overview

Canada electronic medical record (EMR) market describes the business that is engaged in developing, adopting, and deploying electronic medical records (EMRs) in the Canadian healthcare sector. EMRs are computer-based representations of patients' paper charts employed by health providers to save, retrieve, and organize patients' health data effectively. The Canadian Electronic Medical Record (EMR) marketplace is enormous on the back of government initiatives, driving digitization in healthcare and interoperability necessity. Potential areas for growth in AI-based analytics, cloud-enabled EMRs, and integration of telemedicine lie ahead. Specialty practices and small clinics represent untapped markets, while privacy laws compliance guarantees long-term viability. Collaborations with insurers and healthcare providers can spur adoption. Increased patient engagement with mobile health applications also provides new revenue opportunities. The vendors who provide user-friendly, scalable solutions will be the ones with the competitive advantage. In June 2024, the government of Canada put forward the Connected Care for Canadians Act (Bill C-72) to advance patient safety and health information access. The act requires common standards for sharing health data, to modernize and integrate electronic medical record systems across the country.

Report Coverage

This research report categorizes the market for the Canada electronic medical record market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada electronic medical record market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada electronic medical record market.

Driving Factors

The Canadian electronic medical record (EMR) industry is propelled by government programs focusing on digital care, the growing deployment of cloud-hosted EMR solutions, and the expanding need for effective patient information management. Enhanced healthcare expenditures as well as demands for enhanced clinical workflow efficiency additionally drive the industry's growth. The growth of telemedicine, adding artificial intelligence (AI), as well as increasing interoperability developments further enhances use. Further, tight data protection policies and the growing incidence of chronic diseases make unbroken record-keeping mandatory. Private and public investments in healthcare IT infrastructure, coupled with EMR implementation incentives, keep fueling market growth across hospitals and clinics.

Restraining Factors

The Canadian electronic medical record (EMR) market is constrained by factors including high costs of implementation, interoperability challenges, concerns regarding data privacy, resistance to change among providers of healthcare, regulatory complexity, cybersecurity risks, and minimal integration with legacy systems. Moreover, small clinics can be hampered in adoption by financial and technical limitations.

Market Segment

• The web & cloud-based HER segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the product, the Canada electronic medical record market is divided into on-premises and web & cloud-based EHR. Among these, the web & cloud-based HER segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is attributed to scalability, cost savings, remote accessibility, and frictionless data sharing. Growing demand for interoperability, regulatory requirements, and AI-based analytics continue to fuel adoption. Moreover, rising investment in digital healthcare infrastructure and cybersecurity solutions feeds into its impressive CAGR over the forecast period.

• The acute segment accounted for the majority of the share in 2023 and is estimated to grow at a significant CAGR during the projected timeframe.

Based on the type, the Canada electronic medical record market is divided into acute, outpatient, and post-acute. Among these, the acute segment accounted for the majority of the share in 2023 and is estimated to grow at a significant CAGR during the projected timeframe. This is attributed to the widespread use of EMRs in hospitals for effective management of patients, compliance with regulations, and enhanced clinical workflows. Additionally, increasing hospital admissions, government efforts, and the need for instantaneous access to data propel its growth, ensuring a healthy CAGR over the forecast period.

• The professional services segment held the greatest share in 2023 and is anticipated to grow at a substantial CAGR during the forecast period.

Based on the business model, the Canada electronic medical record market is divided into licensed software, technology resale, subscriptions, professional services, and others. Among these, the professional services segment held the greatest share in 2023 and is anticipated to grow at a substantial CAGR during the forecast period. This is due to increasing demand for consulting, implementation, training, and maintenance services in EMR adoption. Moreover, healthcare providers seek expert support for seamless integration, compliance, and cybersecurity. Ongoing advancements and the need for system optimization are expected to drive its substantial CAGR during the forecast period.

• The cardiology segment held the greatest share in 2023 and is anticipated to grow at a remarkable CAGR during the projected timeframe.

Based on the application, the Canada electronic medical record market is divided into cardiology, neurology, radiology, oncology, mental & behavioral health, nephrology & urology, gastroenterology, pediatrics, general medicine, physical therapy and rehabilitation, and others. Among these, the cardiology segment held the greatest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast time. This is due to the rising prevalence of cardiovascular diseases, increasing demand for specialized EMR solutions, and the need for real-time patient monitoring. Moreover, the advanced analytics, telemedicine integration, and government initiatives supporting cardiac care drive its growth, ensuring a remarkable CAGR during the forecast period.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada electronic medical record market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Epic Systems Corporation
• MEDITECH
• Oracle Cerner
• Altera Digital Health
• Allscripts
• eClinicalWorks
• Athenahealth
• McKesson
• NextGen Healthcare
• GE Healthcare
• Siemens Healthineers

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at regional, and country levels from 2023 to 2033. Spherical Insights has segmented the Canada electronic medical record market based on the below-mentioned segments:

Canada Electronic Medical Record Market, By Product

• On-Premises
• Web & Cloud-Based EHR

Canada Electronic Medical Record Market, By Type

• Acute
• Outpatient
• Post-Acute

Canada Electronic Medical Record Market, By Business Model

• Licensed Software
• Technology Resale
• Subscriptions
• Professional Services
• Others

Canada Electronic Medical Record Market, By Application

• Cardiology
• Neurology
• Radiology
• Oncology
• Mental & Behavioral Health
• Nephrology & Urology
• Gastroenterology
• Pediatrics
• General Medicine
• Physical Therapy & Rehabilitation
• Others